Common use of Reassignment of Pledged Lessor Bonds upon Payment Clause in Contracts

Reassignment of Pledged Lessor Bonds upon Payment. Upon receipt of payment in full of the principal of and premium, if any, and interest on any Pledged Lessor Bond held by the Trustee, the Trustee shall deliver to the Company said Pledged Lessor Bond and any instrument of transfer or assignment necessary to reassign to the Company said Pledged Lessor Bond and the interest of the Company, if any, in the Lease Indenture relating thereto; provided, however, that nothing herein contained shall prevent the Trustee from presenting any Pledged Lessor Bond to the related Lease Indenture Trustee for final payment in accordance with the applicable provisions of the related Lease Indenture.

Appears in 4 contracts

Samples: Participation Agreement (Louisiana Power & Light Co /La/), Participation Agreement (Entergy Louisiana Inc), Participation Agreement (Entergy Louisiana Inc)

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