Common use of ISSUE AND AUTHENTICATION OF BONDS Clause in Contracts

ISSUE AND AUTHENTICATION OF BONDS. OF THE NEW SERIES In addition to any bonds of any series which may from time to time be executed by the Company and authenticated and delivered by the Trustee upon compliance with the provisions of the Mortgage and/or of any indenture supplemental thereto, bonds of the New Series of an aggregate principal amount not exceeding $ shall forthwith be executed by the Company and delivered to the Trustee, and the Trustee shall thereupon, whether or not this Supplemental Indenture shall have been recorded, authenticate and deliver said bonds to or upon the written order of the President, a Vice President, or the Treasurer of the Company, under the terms and provisions of paragraph of Section 3 of Article II of the Mortgage, as amended. (In the event the bonds of this series are not redeemable, the following Article IV shall be included.)

Appears in 2 contracts

Samples: Peco Energy Co, Peco Energy Co

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ISSUE AND AUTHENTICATION OF BONDS. OF THE NEW SERIES In addition to any bonds of any series which may from time to time be executed by the Company and authenticated and delivered by the Trustee upon compliance with the provisions of the Mortgage and/or of any indenture supplemental thereto, bonds of the New Series of an aggregate principal amount not exceeding $ $225,000,000 shall forthwith be executed by the Company and delivered to the Trustee, and the Trustee shall thereupon, whether or not this Supplemental Indenture shall have been recorded, authenticate and deliver said bonds to or upon the written order of the President, a Vice President, or the Treasurer of the Company, under the terms and provisions of paragraph (c) of Section 3 of Article II of the Mortgage, as amended. (In the event the bonds of this series are not redeemable, the following Article IV shall be included.)

Appears in 1 contract

Samples: Exelon Corp

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ISSUE AND AUTHENTICATION OF BONDS. OF THE NEW SERIES In addition to any bonds of any series which may from time to time be executed by the Company and authenticated and delivered by the Trustee upon compliance with the provisions of the Mortgage and/or of any indenture supplemental thereto, bonds of the New Series of an aggregate principal amount not exceeding $ $450,000,000 shall forthwith be executed by the Company and delivered to the Trustee, and the Trustee shall thereupon, whether or not this Supplemental Indenture shall have been recorded, authenticate and deliver said bonds to or upon the written order of the President, a Vice President, or the Treasurer of the Company, under the terms and provisions of paragraph (c) of Section 3 of Article II of the Mortgage, as amended. (In the event the bonds of this series are not redeemable, the following Article IV shall be included.)

Appears in 1 contract

Samples: Exelon Corp

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