Common use of Repayment of Moneys Held by Paying Agent Clause in Contracts

Repayment of Moneys Held by Paying Agent. In ----------------------------------------- connection with the satisfaction and discharge of this Indenture or the Covenant Defeasance Option or Legal Defeasance Option with respect to the Notes of any Series, all moneys then held by any Paying Agent other than the Note Trustee under the provisions of this Indenture with respect to such Notes shall, upon demand of the Note Issuer, be paid to the Note Trustee to be held and applied according to Section 3.03 and thereupon such Paying Agent shall be released from all further liability with respect to such moneys.

Appears in 4 contracts

Samples: Indenture (Sdg&e Funding LLC a De Limited Liability Co), Indenture (Sdg&e Funding LLC a De Limited Liability Co), Indenture (Sce Funding LLC)

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Repayment of Moneys Held by Paying Agent. In ----------------------------------------- ---------------------------------------- connection with the satisfaction and discharge of this Indenture or the Covenant Defeasance Option or Legal Defeasance Option with respect to the Notes of any Series, all moneys then held by any Paying Agent other than the Note Trustee under the provisions of this Indenture with respect to such Notes shall, upon demand of the Note Issuer, be paid to the Note Trustee to be held and applied according to Section 3.03 and thereupon such Paying Agent shall be released from all further liability with respect to such moneys.

Appears in 2 contracts

Samples: Indenture (Sce Funding LLC), Indenture (Sdg&e Funding LLC a De Limited Liability Co)

Repayment of Moneys Held by Paying Agent. In ----------------------------------------- connection ---------------------------------------- with the satisfaction and discharge of this Indenture or the Covenant Defeasance Option or Legal Defeasance Option with respect to the Notes of any Series, all moneys then held by any Paying Agent other than the Note Trustee under the provisions of this Indenture with respect to such Notes shall, upon demand of the Note Issuer, be paid to the Note Trustee to be held and applied according to Section 3.03 and thereupon such Paying Agent shall be released from all further liability with respect to such moneys.

Appears in 2 contracts

Samples: Indenture (Sierra Pacific Power Co), Indenture (Sce Funding LLC)

Repayment of Moneys Held by Paying Agent. In ----------------------------------------- connection with the satisfaction and discharge of this Indenture or the Covenant Defeasance Option or Legal Defeasance Option with respect to the Notes of any Series, all moneys then held by any Paying Agent other than the Note Indenture Trustee under the provisions of this Indenture or the Intercreditor Agreement with respect to such Notes shall, upon demand of the Note Issuer, be paid to the Note Indenture Trustee to be held and applied according to Section 3.03 and thereupon such Paying Agent shall be released from all further liability with respect to such moneys.

Appears in 2 contracts

Samples: Indenture (CPL Transition Funding LLC), Indenture (CPL Transition Funding LLC)

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Repayment of Moneys Held by Paying Agent. In ----------------------------------------- connection with ---------------------------------------- the satisfaction and discharge of this Indenture or the Covenant Defeasance Option or Legal Defeasance Option with respect to the Notes of any SeriesBonds, all moneys then held by any Paying Agent other than the Note Trustee under the provisions of this Indenture with respect to such Notes Bonds shall, upon demand of the Note Issuer, be paid to the Note Trustee to be held and applied according to Section 3.03 and thereupon such Paying Agent shall be released from all further liability with respect to such moneys.

Appears in 1 contract

Samples: Indenture (PSNH Funding LLC 2)

Repayment of Moneys Held by Paying Agent. In ----------------------------------------- connection with the satisfaction and discharge of this Indenture or the Covenant Defeasance Option or Legal Defeasance Option with respect to the Notes of any Series, all moneys then held by any Paying Agent other than the Note Trustee under the provisions of this Indenture with respect to such Notes shall, upon demand of the Note Issuer, be paid to the Note Trustee to be held and applied according to Section Sec- tion 3.03 and thereupon such Paying Agent shall be released from all further liability with respect to such moneys.

Appears in 1 contract

Samples: Indenture (Pg&e Funding LLC)

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