Common use of Securitization Bonds Clause in Contracts

Securitization Bonds. In order to secure the payment of principal of and interest on the Series 2001-1 Securitization Bonds issued and to be issued under the Indenture and/or any Series Supplement, the Issuer hereby confirms the Grant to the Trustee for the benefit of the Holders of the Series 2001-1 Securitization Bonds from time to time issued and Outstanding, of all of the Issuer's right, title and interest in, to and under the Collateral, including, without limitation, the Securitization Property transferred by the Seller to the Issuer as of the Initial Transfer Date pursuant to the Sale Agreement and all proceeds thereof. The Trustee, on behalf of the Holders of the Series 2001-1 Securitization Bonds, acknowledges the confirmation of such Grant, accepts the trusts hereunder in accordance with the provisions hereof and agrees to perform its duties required in the Indenture and this Supplement.

Securitization Bonds. In order to secure the payment of principal of and interest on the Series 2001-1 Securitization Bonds issued and to be issued under the Indenture and/or any Series Supplement, the Issuer hereby confirms the Grant Grants to the Trustee for the benefit of (i) the Holders of the Series 2001-1 Securitization Bonds from time to time issued and Outstanding, and (ii) the Trustee, of all of the Issuer's right, title and interest in, to and under the Collateral, including, without limitation, the Securitization Property transferred by the Seller to the Issuer as of the Initial Transfer Date pursuant to the Sale Agreement and all proceeds thereof. The Trustee, on behalf of the Holders of the Series 2001-1 Securitization Bonds, and acting on behalf of itself, acknowledges the confirmation of such GrantGrants, accepts the trusts hereunder in accordance with the provisions hereof and agrees to perform its duties required in the Indenture and this Supplement.

Securitization Bonds. In order to secure the payment of principal of and interest on the Series 2001-1 Securitization Bonds issued and to be issued under the Indenture and/or any Series Supplement, the Issuer hereby confirms the Grant Grants to the Trustee for the benefit of the Holders of the Series 2001-1 Securitization Bonds from time to time issued and Outstanding, of all of the Issuer's right, title and interest in, to and under the Collateral, including, without limitation, the Securitization Property transferred by the Seller to the Issuer as of the Initial Transfer Date pursuant to the Sale Agreement and all proceeds thereof. The Trustee, on behalf of the Holders of the Series 2001-1 Securitization Bonds, acknowledges the confirmation of such GrantGrants, accepts the trusts hereunder in accordance with the provisions hereof and agrees to perform its duties required in the Indenture and this Supplement.