Common use of Optional Preservation of the Trust Estate Clause in Contracts

Optional Preservation of the Trust Estate. If the Bonds have been declared to be due and payable under Section 5.02 following an Event of Default and such declaration and its consequences have not been rescinded and annulled, the Indenture Trustee may elect to take and maintain possession of the Trust Estate. It is the desire of the parties hereto and the Bondholders that there be at all times sufficient funds for the payment of principal of and interest on the Bonds and other obligations of the Issuer, including payment to the Bond Insurer, and the Indenture Trustee, unless directed otherwise by the Bond Insurer, shall take such desire into account when determining whether or not to take and maintain possession of the Trust Estate. In determining whether to take and maintain possession of the Trust Estate, the Indenture Trustee may, but need not, obtain and rely upon an opinion of an Independent investment banking or accounting firm of national reputation as to the feasibility of such proposed action and as to the sufficiency of the Trust Estate for such purpose.

Optional Preservation of the Trust Estate. If the Securitized Utility Tariff Bonds have been declared to be due and payable under Section 5.02 following an Event of Default and such declaration and its consequences have not been rescinded and annulled, the Indenture Trustee may may, but need not, elect to take and maintain possession of all or a portion of the Trust Estate. It is the desire of the parties hereto and the Bondholders Holders that there be at all times sufficient funds for the payment of principal of and premium, if any, and interest on the Bonds and other obligations of the Issuer, including payment to the Bond InsurerSecuritized Utility Tariff Bonds, and the Indenture Trustee, unless directed otherwise by the Bond Insurer, Trustee shall take such desire into account when determining whether or not to take and maintain possession of the Trust Estate. In determining whether to take and maintain possession of the Trust EstateEstate or sell or liquidate the same, the Indenture Trustee may, but need not, obtain and conclusively rely upon an opinion of an Independent investment banking or accounting firm of national reputation as to the feasibility of such proposed action and as to the sufficiency of the Trust Estate for such purpose.

Optional Preservation of the Trust Estate. If the Bonds Notes have been declared to be due and payable under Section 5.02 following an Event of Default and such declaration and its consequences have not been rescinded and annulled, the Indenture Trustee may may, but need not, elect to take and maintain possession of the Trust Estate. It is the desire of the parties hereto and the Bondholders Noteholders that there be at all times sufficient funds for the payment of principal of and interest on the Bonds Securities and other obligations of the Issuer, Issuer [including payment to the Bond InsurerCredit Enhancer], and the Indenture Trustee, unless directed otherwise by the Bond Insurer, Trustee shall take such desire into account when determining whether or not to take and maintain possession of the Trust Estate. In determining whether to take and maintain possession of the Trust Estate, the Indenture Trustee may, but need not, obtain and rely upon an opinion of an Independent investment banking or accounting firm of national reputation as to the feasibility of such proposed action and as to the sufficiency of the Trust Estate for such purpose.

Optional Preservation of the Trust Estate. If the Securitization Bonds have been declared to be due and payable under Section 5.02 following an Event of Default and such declaration and its consequences have not been rescinded and annulled, the Indenture Trustee may may, but need not, elect to take and maintain possession of all or a portion of the Trust Estate. It is the desire of the parties hereto and the Bondholders Holders that there be at all times sufficient funds for the payment of principal of and premium, if any, and interest on the Bonds and other obligations of the Issuer, including payment to the Bond InsurerSecuritization Bonds, and the Indenture Trustee, unless directed otherwise by the Bond Insurer, Trustee shall take such desire into account when determining whether or not to take and maintain possession of the Trust Estate. In determining whether to take and maintain possession of the Trust EstateEstate or sell or liquidate the same, the Indenture Trustee may, but need not, obtain and conclusively rely upon an opinion of an Independent investment banking or accounting firm of national reputation as to the feasibility of such proposed action and as to the sufficiency of the Trust Estate for such purpose.

Optional Preservation of the Trust Estate. If the Bonds Notes have been declared to be due and payable under Section 5.02 following an Event of Default and such declaration and its consequences have not been rescinded and annulled, the Indenture Trustee may elect to take and maintain possession of the Trust Estate. It is the desire of the parties hereto and the Bondholders Noteholders that there be at all times sufficient funds for the payment of principal of and interest on the Bonds Notes and other obligations of the Issuer, including payment to the Bond InsurerIssuing Entity, and the Indenture Trustee, unless directed otherwise by the Bond Insurer, Trustee shall take such desire into account when determining whether or not to take and maintain possession of the Trust Estate. In determining whether to take and maintain possession of the Trust Estate, the Indenture Trustee may, but need not, obtain and rely upon an opinion of an Independent investment banking or accounting firm of national reputation as to the feasibility of such proposed action and as to the sufficiency of the Trust Estate for such purpose.

Optional Preservation of the Trust Estate. If the Energy Transition Bonds have been declared to be due and payable under Section 5.02 following an Event of Default and such declaration and its consequences have not been rescinded and annulled, the Indenture Trustee may may, but need not, elect to take and maintain possession of all or a portion of the Trust Estate. It is the desire of the parties hereto and the Bondholders Holders that there be at all times sufficient funds for the payment of principal of and premium, if any, and interest on the Bonds and other obligations of the Issuer, including payment to the Bond InsurerEnergy Transition Bonds, and the Indenture Trustee, unless directed otherwise by the Bond Insurer, Trustee shall take such desire into account when determining whether or not to take and maintain possession of the Trust Estate. In determining whether to take and maintain possession of the Trust EstateEstate or sell or liquidate the same, the Indenture Trustee may, but need not, obtain and conclusively rely upon an opinion of an Independent investment banking or accounting firm of national reputation as to the feasibility of such proposed action and as to the sufficiency of the Trust Estate for such purpose.

Optional Preservation of the Trust Estate. If the Bonds have been declared to be due and payable under Section 5.02 following an Event of Default and such declaration and its consequences have not been rescinded and annulled, the Indenture Trustee may shall elect to take and maintain possession of the Trust Estate. It is the desire of the parties hereto and the Bondholders that there be at all times sufficient funds for the payment of principal of and interest on the Bonds and other obligations of the Issuer, including payment to the Bond Insurer, and the Indenture Trustee, unless directed otherwise by the Bond Insurer, Trustee shall take such desire into account when determining whether or not to take and maintain possession of the Trust Estate. In determining whether to take and maintain possession of the Trust Estate, the Indenture Trustee may, but need not, obtain and rely upon an opinion of an Independent investment banking or accounting firm of national reputation as to the feasibility of such proposed action and as to the sufficiency of the Trust Estate for such purpose.

Optional Preservation of the Trust Estate. If the Bonds Notes have been declared to be due and payable under Section 5.02 following an Event of Default and such declaration and its consequences have not been rescinded and annulled, the Indenture Trustee may elect to take and maintain possession of the Trust Estate. It is the desire of the parties hereto and the Bondholders Noteholders that there be at all times sufficient funds for the payment of principal of and interest on the Bonds Senior Notes and other obligations of the Issuer, including payment to the Bond Insurer, and the Indenture Trustee, unless directed otherwise by the Bond Insurer, Trustee shall take such desire into account when determining whether or not to take and maintain possession of the Trust Estate. In determining whether to take and maintain possession of the Trust Estate, the Indenture Trustee may, but need not, obtain and rely upon an opinion of an Independent investment banking or accounting firm of national reputation as to the feasibility of such proposed action and as to the sufficiency of the Trust Estate for such purpose.

Optional Preservation of the Trust Estate. If the Bonds Notes ----------------------------------------- have been declared to be due and payable under Section 5.02 following an Event of Default and such declaration and its consequences have not been rescinded and annulled, the Indenture Trustee may may, but need not, elect to take and maintain possession of the Trust Estate. It is the desire of the parties hereto and the Bondholders Noteholders that there be at all times sufficient funds for the payment of principal of and interest on the Bonds Securities and other obligations of the Issuer, Issuer (including payment to the Bond InsurerCredit Enhancer), and the Indenture Trustee, unless directed otherwise by the Bond Insurer, Trustee shall take such desire into account when determining whether or not to take and maintain possession of the Trust Estate. In determining whether to take and maintain possession of the Trust Estate, the Indenture Trustee may, but need not, obtain and rely upon an opinion of an Independent investment banking or accounting firm of national reputation as to the feasibility of such proposed action and as to the sufficiency of the Trust Estate for such purpose.

Optional Preservation of the Trust Estate. If the Bonds have been declared to be due and payable under Section 5.02 following an Event of Default and such declaration and its consequences have not been rescinded and annulled, the Indenture Trustee may may, but need not, elect to take and maintain possession of the Trust Estate. It is the desire of the parties hereto and the Bondholders that there be at all times sufficient funds for the payment of principal of and interest on the Bonds and other obligations of the Issuer, Issuing Entity including payment to the Bond InsurerCredit Enhancer, and the Indenture Trustee, unless directed otherwise by the Bond Insurer, Trustee shall take such desire into account when determining whether or not to take and maintain possession of the Trust Estate. In determining whether to take and maintain possession of the Trust Estate, the Indenture Trustee may, but need not, obtain and rely upon an opinion of an Independent investment banking or accounting firm of national reputation as to the feasibility of such proposed action and as to the sufficiency of the Trust Estate for such purpose.

Optional Preservation of the Trust Estate. If the Bonds Notes have been declared to be due and payable under Section 5.02 following an Event of Default and such declaration and its consequences have not been rescinded and annulled, the Indenture Trustee may may, but need not (but shall at the written direction of the Enhancer), elect to take and maintain possession of the Trust Estate. It is the desire of the parties hereto and the Bondholders Noteholders that there be at all times sufficient funds for the payment of principal of and interest on the Bonds Notes and other obligations of the Issuer, Issuer including payment to the Bond InsurerEnhancer, and the Indenture Trustee, unless directed otherwise by the Bond Insurer, Trustee shall take such desire into account when determining whether or not to take and maintain possession of the Trust Estate. In determining whether to take and maintain possession of the Trust Estate, the Indenture Trustee may, but need not, obtain and rely upon an opinion of an Independent investment banking or accounting firm of national reputation as to the feasibility of such proposed action and as to the sufficiency of the Trust Estate for such purpose.

Optional Preservation of the Trust Estate. If the Bonds Notes have been declared to be due and payable under Section 5.02 following an Event of Default and such declaration and its consequences have not been rescinded and annulled, the Indenture Trustee may may, and shall, at the written direction of the Holders of a majority of the aggregate Note Principal Balances of the Notes, elect to take and maintain possession of the Trust Estate. It is the desire of the parties hereto and the Bondholders Noteholders that there be at all times sufficient funds for the payment of principal of and interest on the Bonds Notes and other obligations of the Issuer, including payment to the Bond Insurer, Issuer and the Indenture Trustee, unless directed otherwise by the Bond Insurer, shall take such desire into account when determining whether or not to take and maintain possession of the Trust Estate. In determining whether to take and maintain possession of the Trust Estate, the Indenture Trustee may, but need not, obtain and rely upon an opinion of an Independent investment banking or accounting firm of national reputation as to the feasibility of such proposed action and as to the sufficiency of the Trust Estate for such purpose.

Optional Preservation of the Trust Estate. If the Bonds Notes have -------------------------------------------- been declared to be due and payable under Section 5.02 following an Event of Default and such declaration and its consequences have not been rescinded and annulled, the Indenture Trustee may may, but need not, elect to take and maintain possession of the Trust Estate. It is the desire of the parties hereto and the Bondholders Noteholders that there be at all times sufficient funds for the payment of principal of and interest on the Bonds Notes and other obligations of the Issuer, Issuer including payment to the Bond Note Insurer, and the Indenture Trustee, unless directed otherwise by the Bond Insurer, Trustee shall take such desire into account when determining whether or not to take and maintain possession of the Trust Estate. In determining whether to take and maintain possession of the Trust Estate, the Indenture Trustee may, but need not, obtain and rely upon an opinion of an Independent investment banking or accounting firm of national reputation as to the feasibility of such proposed action and as to the sufficiency of the Trust Estate for such purpose.

Optional Preservation of the Trust Estate. If the Bonds have been declared to be due and payable under Section 5.02 following an Event of Default and such declaration and its consequences have not been rescinded and annulled, the Indenture Trustee may may, but need not, elect to take and maintain possession of the Trust Estate. It is the desire of the parties hereto and the Bondholders that there be at all times sufficient funds for the payment of principal of and interest on the Bonds and other obligations of the Issuer, including payment to the Bond InsurerBonds, and the Indenture Trustee, unless directed otherwise by the Bond Insurer, Trustee shall take such desire into account when determining whether or not to take and maintain possession of the Trust Estate. In determining whether to take and maintain possession of the Trust Estate, the Indenture Trustee may, but need not, obtain and conclusively rely upon an opinion of an Independent investment banking or accounting firm of national reputation as to the feasibility of such proposed action and as to the sufficiency of the Trust Estate for such purpose.

Optional Preservation of the Trust Estate. If the Bonds Notes have been declared to be due and payable under Section 5.02 following an Event of Default and such declaration and its consequences have not been rescinded and annulled, the Indenture Trustee may may, but need not, elect to take and maintain possession of the Trust Estate. It is the desire of the parties hereto and the Bondholders Noteholders that there be at all times sufficient funds for the payment of principal of and interest on the Bonds Notes and other obligations of the Issuer, Issuer [including payment to the Bond InsurerCredit Enhancer], and the Indenture Trustee, unless directed otherwise by the Bond Insurer, Trustee shall take such desire into account when determining whether or not to take and maintain possession of the Trust Estate. In determining whether to take and maintain possession of the Trust Estate, the Indenture Trustee may, but need not, obtain and rely upon an opinion of an Independent investment banking or accounting firm of national reputation as to the feasibility of such proposed action and as to the sufficiency of the Trust Estate for such purpose.

Optional Preservation of the Trust Estate. If the Bonds Notes have ----------------------------------------- been declared to be due and payable under Section 5.02 following an Event of Default and such declaration and its consequences have not been rescinded and annulled, the Indenture Trustee may may, but need not, elect to take and maintain possession of the Trust Estate. It is the desire of the parties hereto and the Bondholders Noteholders that there be at all times sufficient funds for the payment of principal of and interest on the Bonds Notes and other obligations of the Issuer, Issuer including payment to the Bond InsurerCredit Enhancer, and the Indenture Trustee, unless directed otherwise by the Bond Insurer, Trustee shall take such desire into account when determining whether or not to take and maintain possession of the Trust Estate. In determining whether to take and maintain possession of the Trust Estate, the Indenture Trustee may, but need not, obtain and rely upon an opinion of an Independent investment banking or accounting firm of national reputation as to the feasibility of such proposed action and as to the sufficiency of the Trust Estate for such purpose.

Optional Preservation of the Trust Estate. If the Bonds Notes ----------------------------------------- have been declared to be due and payable under Section 5.02 following an Event of Default and such declaration and its consequences have not been rescinded and annulled, the Indenture Trustee may may, but need not, elect to take and maintain possession of the Trust Estate. It is the desire of the parties hereto and the Bondholders Noteholders that there be at all times sufficient funds for the payment of principal of and interest on the Bonds Notes and other obligations of the Issuer, Issuer including payment to the Bond InsurerCredit Enhancer, and the Indenture Trustee, unless directed otherwise by the Bond Insurer, Trustee shall take such desire into account when determining whether or not to take and maintain possession of the Trust Estate. In determining whether to take and maintain possession of the Trust Estate, the Indenture Trustee may, but need not, obtain and rely upon an opinion of an Independent investment banking or accounting firm of national reputation as to the feasibility of such proposed action and as to the sufficiency of the Trust Estate for such purpose.

Optional Preservation of the Trust Estate. If the Bonds Notes have been declared to be due and payable under Section 5.02 following an Event of Default and such declaration and its consequences have not been rescinded and annulled, the Indenture Trustee may may, but need not, elect to take and maintain possession of the Trust Estate. It is the desire of the parties hereto and the Bondholders Noteholders that there be at all times sufficient funds for the payment of principal of and interest on the Bonds Securities and other obligations of the Issuer, Issuing Entity including payment to the Bond InsurerCredit Enhancer, and the Indenture Trustee, unless directed otherwise by the Bond Insurer, Trustee shall take such desire into account when determining whether or not to take and maintain possession of the Trust Estate. In determining whether to take and maintain possession of the Trust Estate, the Indenture Trustee may, but need not, obtain and rely upon an opinion of an Independent investment banking or accounting firm of national reputation as to the feasibility of such proposed action and as to the sufficiency of the Trust Estate for such purpose.

Optional Preservation of the Trust Estate. If the Bonds ----------------------------------------- Notes have been declared to be due and payable under Section 5.02 5.2 following an ----------- Event of Default and such declaration and its consequences have not been rescinded and annulled, the Indenture Trustee may may, but need not, elect to take and maintain possession of the Trust Estate. It is the desire of the parties hereto and the Bondholders Noteholders that there be at all times sufficient funds for the payment of principal of and interest on the Bonds and other obligations of the Issuer, including payment to the Bond InsurerNotes, and the Indenture Trustee, unless directed otherwise by the Bond Insurer, Trustee shall take such desire into account when determining whether or not to take and maintain possession of the Trust Estate. In determining whether to take and maintain possession of the Trust Estate, the Indenture Trustee may, but need not, obtain and rely upon an opinion of an Independent investment banking or accounting firm of national reputation as to the feasibility of such proposed action and as to the sufficiency of the Trust Estate for such purpose.

Optional Preservation of the Trust Estate. If the Bonds ----------------------------------------- Notes have been declared to be due and payable under Section 5.02 following an Event of Default and such declaration and its consequences have not been rescinded and annulled, the Indenture Trustee may may, but need not, elect to take and maintain possession of the Trust Estate. It is the desire of the parties hereto and the Bondholders Noteholders that there be at all times sufficient funds for the payment of principal of and interest on the Bonds Notes and other obligations of the Issuer, Issuer (including payment to the Bond InsurerCredit Enhancer), and the Indenture Trustee, unless directed otherwise by the Bond Insurer, Trustee shall take such desire into account when determining whether or not to take and maintain possession of the Trust Estate. In determining whether to take and maintain possession of the Trust Estate, the Indenture Trustee may, but need not, obtain and rely upon an opinion of an Independent investment banking or accounting firm of national reputation as to the feasibility of such proposed action and as to the sufficiency of the Trust Estate for such purpose.