Purchase of Subsequent Transition Property. (a) The Note Issuer may from time to time purchase Subsequent Transition Property from the Grantee pursuant to a Subsequent Sale Agreement, subject to the conditions specified in paragraph (b) below.
Appears in 3 contracts
Samples: Indenture (Comed Funding LLC), Indenture (Illinois Power Securitization Limited Liability Co), Illinois Power Securitization Limited Liability Co
Purchase of Subsequent Transition Property. (a) The Note Issuer may from time to time purchase or acquire Subsequent Transition Property from the Grantee Seller pursuant to a Subsequent Sale Agreement, subject to the conditions specified in paragraph (b) below.
Appears in 2 contracts
Samples: Transition Property Servicing Agreement (CenterPoint Energy Transition Bond CO II, LLC), Sale Agreement (CenterPoint Energy Transition Bond CO II, LLC)
Purchase of Subsequent Transition Property. (a) The Note Issuer may from time to time purchase Subsequent Transition Property from the Grantee pursuant to a Subsequent Sale Agreement, subject to the conditions specified in paragraph (b) below.. (b) The Note Issuer shall be permitted to purchase from the Grantee Subsequent Transition Property and the proceeds thereof only upon the satisfaction of each of the following conditions on or prior to the related Subsequent Sale Date:
Appears in 1 contract
Samples: Indenture (Comed Funding LLC)
