Common use of Issuance and Purchase Clause in Contracts

Issuance and Purchase. On the basis of the representations, warranties and covenants contained in this Agreement and in the Bond Indenture (collectively, the “Bond Purchase Documents”), and subject to the terms and conditions of the Bond Purchase Documents, the Bond Issuer agrees to issue and sell to the Certificate Issuer, and the Certificate Issuer agrees to purchase from the Bond Issuer, the Bonds set forth in Schedule 1(a) hereto. The purchase price of each tranche of Bonds and the aggregate purchase price of all Bonds are set forth in Schedule 1(a) attached hereto consistent with Section 2(a) of the Underwriting Agreement dated as of June 12, 2013, among The Cleveland Electric Illuminating Company, Ohio Edison Company, The Toledo Edison Company, the Bond Issuer, OE Funding LLC, TE Funding LLC, and the underwriters named therein.

Issuance and Purchase. On the basis of the representations, warranties and covenants contained in this Agreement and in the Bond Indenture (collectively, the “Bond Purchase Documents”), and subject to the terms and conditions of the Bond Purchase Documents, the Bond Issuer agrees to issue and sell to the Certificate Issuer, and the Certificate Issuer agrees to purchase from the Bond Issuer, the Bonds set forth in Schedule 1(a) hereto. The purchase price of each tranche of Bonds and the aggregate purchase price of all Bonds are set forth in Schedule 1(a) attached hereto consistent with Section 2(a) of the Underwriting Agreement dated as of June 12, 2013, among The Cleveland Electric Illuminating Company, Ohio Edison Company, The Toledo Edison Company, the Bond Issuer, OE CEI Funding LLC, TE Funding LLC, and the underwriters named therein.