Common use of Purpose; Nature of Business Permitted; Powers Clause in Contracts

Purpose; Nature of Business Permitted; Powers. The --------------------------------------------- Company is organized primarily for the object and purpose of purchasing transition property, investing in investment securities, issuing transition bonds and entering into related credit enhancement transactions. The Company shall possess and may exercise all the powers and privileges granted by the Delaware Limited Liability Company Act of the State of Delaware (the "Act") or by any other law or by this Agreement, together with any powers incidental thereto, insofar as such powers and privileges are necessary or convenient to the conduct, promotion or attainment of the business purposes or activities of the Company.

Purpose; Nature of Business Permitted; Powers. The --------------------------------------------- Company is has been organized primarily for the object and purpose of purchasing transition property(a) providing security services, investing including guard and electronic security, and toll collection services, directly or through Subsidiaries or other Persons and (b) engaging in investment securitiesany other business or activity necessary, issuing transition bonds and entering into related credit enhancement transactionsincidental, proper, advisable or convenient to accomplish the foregoing purpose. The Company shall possess and may exercise all the powers and privileges granted by the Delaware Limited Liability Company Act of the State of Delaware (the "Act") or by any other law or by this Agreement, together with any powers incidental thereto, insofar as such powers and privileges are necessary or convenient to the conduct, promotion or attainment of the business purposes or activities of the Company.

Purpose; Nature of Business Permitted; Powers. The --------------------------------------------- Company is organized primarily for the object and purpose of purchasing transition securitization property, investing in investment securities, issuing transition securitization bonds and entering into related credit enhancement transactions. The Company shall possess and may exercise all the powers and privileges granted by the Delaware Limited Liability Company Act of the State of Delaware (the "Act") or by any other law or by this Agreement, together with any powers incidental thereto, insofar as such powers and privileges are necessary or convenient to the conduct, promotion or attainment of the business purposes or activities of the Company.

Purpose; Nature of Business Permitted; Powers. The --------------------------------------------- Company is organized primarily for the object and purpose of purchasing intangible transition property, investing in investment securities, issuing transition bonds and entering into related credit enhancement transactions. The Company shall possess and may exercise all the powers and privileges granted by the Delaware Limited Liability Company Act of the State of Delaware (the "Act") or by any other law or by this Agreement, together with any powers incidental thereto, insofar as such powers and privileges are necessary or convenient to the conduct, promotion or attainment of the business purposes or activities of the Company.

Purpose; Nature of Business Permitted; Powers. The --------------------------------------------- Company is organized primarily for the object and purpose of purchasing intangible transition property, investing in investment securities, issuing transition bonds and entering into related credit enhancement transactions. The Company shall possess and may exercise all the powers and privileges granted by the Delaware Limited Liability Company Act of the State of Delaware (the "Act") or by any other law or by this Agreement, together with any powers incidental thereto, insofar as such powers and privileges are necessary or convenient to the conduct, promotion or attainment of the business purposes or activities of the Company.. 1.04