Common use of Reports by Bond Trustee to Holders Clause in Contracts

Reports by Bond Trustee to Holders. (a) The Bond Trustee shall deliver to each Holder of Transition Bonds such information as may be required to enable such Holder to prepare its Federal and state income tax returns. (b) With respect to each Series of Transition Bonds, on or prior to each Payment Date therefor, the Bond Trustee will deliver a statement prepared by the Bond Trustee to each Holder of Transition Bonds which will include (to the extent applicable) the following information (and any other information so specified in the Series Supplement for such Series) as to the Transition Bonds of such Series with respect to such Payment Date or the period since the previous Payment Date, as applicable: (i) the amount paid to Holders of such Transition Bonds in respect of principal, such amount to be expressed as a dollar amount per thousand; (ii) the amount paid to Holders of such Transition Bonds in respect of interest, such amount to be expressed as a dollar amount per thousand; (iii) the Transition Bond Balance and the Projected Transition Bond Balance, in each case for such Series and as of the most recent Payment Date; (iv) the amount on deposit in the Overcollateralization Subaccount and the Calculated Overcollateralization Level, in each case for all Series and as of the most recent Payment Date; (v) the amount on deposit in the Capital Subaccount as of the most recent Payment Date; and (vi) the amount, if any, on deposit in the Reserve Subaccount as of the most recent Payment Date. (c) The Bond Trustee's responsibility for disbursing the information described in subsection (b) above to Holders of Transition Bonds is limited to the availability, timeliness and accuracy of the information provided by the Servicer pursuant to Section 3.04 and Annex 1 of the Servicing Agreement.

Reports by Bond Trustee to Holders. (a) The Bond Trustee shall deliver to each Holder of Transition Bonds such information as may be required to enable such Holder to prepare its Federal and state income tax returns. (b) With respect to each Series of Transition Bonds, on or prior to each Payment Date therefor, the Bond Trustee will deliver a statement prepared by the Bond Trustee to each Holder of Transition Bonds which will include (to the extent applicable) the following information (and any other information so specified in the Series Supplement for such Series) as to the Transition Bonds of such Series with respect to such Payment Date or the period since the previous Payment Date, as applicable: (i) the amount paid to Holders of such Transition Bonds in respect of principal, such amount to be expressed as a dollar amount per thousand; (ii) the amount paid to Holders of such Transition Bonds in respect of interest, such amount to be expressed as a dollar amount per thousand; (iii) the Transition Bond Balance and the Projected Transition Bond Balance, in each case for such Series and as of the most recent Payment Date; (iv) the amount on deposit in the Overcollateralization Subaccount and the Calculated Overcollateralization Level, in each case for all Series and as of the most recent Payment Date; (v) the amount on deposit in the Capital Subaccount as of the most recent Payment Date; and (vi) the amount, if any, on deposit in the Reserve Subaccount as of the most recent Payment Date. (c) The Bond Trustee's responsibility for disbursing the information described in subsection (b) above to Holders of Transition Bonds is limited to the availability, timeliness and accuracy of the information provided by the Servicer pursuant to Section 3.04 and Annex 1 of the Servicing Agreement.

Reports by Bond Trustee to Holders. (a) The So long as the Bond Trustee is the Transition Bond Registrar, the Bond Trustee shall deliver to each Holder of Transition Bonds such information as may be required to enable such Holder to prepare its Federal and state income tax returns. (b) With respect to each Series of Transition Bonds, on or prior to each Payment Date therefor, the Bond Trustee will deliver a statement prepared by the Bond Trustee Servicer to each Holder of Transition Bonds which will include (to the extent applicable) the following information (and any other information so specified in the Series Supplement for such Series) as to the Transition Bonds of such Series with respect to such Payment Date or the period since the previous Payment Date, as applicable: (i) the amount paid to Holders of such Transition Bonds in respect of principal, such amount to be expressed as a dollar amount per thousand; (ii) the amount paid to Holders of such Transition Bonds in respect of interest, such amount to be expressed as a dollar amount per thousand; (iii) the Transition Bond Balance and the Projected Transition Bond Balance, in each case for such Series and as of the most recent Payment Date; (iv) the amount on deposit in the Overcollateralization Subaccount and the Calculated Overcollateralization Level, in each case for all Series and as of the most recent Payment Date; (v) the amount on deposit in the Capital Subaccount and the Required Capital Amount, in each case as of the most recent Payment Date; and (vi) the amount, if any, on deposit in the Reserve Subaccount as of the most recent Payment Date. (c) The Bond Trustee's responsibility for disbursing the information described in subsection (b) above to Holders of Transition Bonds is limited to the availability, timeliness and accuracy of the information provided by the Servicer pursuant to Section 3.04 and Annex 1 of the Servicing Agreement.

Reports by Bond Trustee to Holders. (a) The Bond Trustee shall deliver to each Holder of Transition Bonds such information as may be required to enable such Holder to prepare its Federal and state income tax returns. (b) With respect to each Series of Transition Bonds, on or prior to each Payment Date therefor, the Bond Trustee will deliver a statement prepared by the Bond Trustee to each Holder of Transition Bonds which will include (to the extent applicable) the following information (and any other information so specified in the Series Supplement for such Series) as to the Transition Bonds of such Series with respect to such Payment Date or the period since the previous Payment Date, as applicable: (i) the amount paid to Holders of such Transition Bonds in respect of principal, such amount to be expressed as a dollar amount per thousand; (ii) the amount paid to Holders of such Transition Bonds in respect of interest, such amount to be expressed as a dollar amount per thousand; (iii) the Transition Bond Balance and the Projected Transition Bond Balance, in each case for such Series and as of the most recent Payment Date;; 48 (iv) the amount on deposit in the Overcollateralization Subaccount and the Calculated Overcollateralization Level, in each case for all Series and as of the most recent Payment Date; (v) the amount on deposit in the Capital Subaccount and the Required Capital Amount, in each case as of the most recent Payment Date; and (vi) the amount, if any, on deposit in the Reserve Subaccount as of the most recent Payment Date. (c) The Bond Trustee's responsibility for disbursing the information described in subsection (b) above to Holders of Transition Bonds is limited to the availability, timeliness and accuracy of the information provided by the Servicer pursuant to Section 3.04 and Annex 1 of the Servicing Agreement.