Common use of Temporary Environmental Trust Bonds Clause in Contracts

Temporary Environmental Trust Bonds. Pending the preparation of Definitive Environmental Trust Bonds pursuant to Section 2.13, the Issuer may execute, and upon receipt of an Issuer Order the Indenture Trustee shall authenticate and deliver, Temporary Environmental Trust Bonds which are printed, lithographed, typewritten, mimeographed or otherwise produced, of the tenor of the Definitive Environmental Trust Bonds in lieu of which they are issued and with such variations not inconsistent with the terms of this Indenture as the officers executing the Environmental Trust Bonds may determine, as evidenced by their execution of the Environmental Trust Bonds. If Temporary Environmental Trust Bonds are issued, the Issuer will cause Definitive Environmental Trust Bonds to be prepared without unreasonable delay. After the preparation of Definitive Environmental Trust Bonds, the Temporary Environmental Trust Bonds shall be exchangeable for Definitive Environmental Trust Bonds upon surrender of the Temporary Environmental Trust Bonds at the office or agency of the Issuer to be maintained as provided in Section 3.02, without charge to the Holder. Upon surrender for cancellation of any one or more Temporary Environmental Trust Bonds, the Issuer shall execute and the Indenture Trustee shall authenticate and deliver in exchange therefor a like principal amount of Definitive Environmental Trust Bonds of minimum denominations. Until so delivered in exchange, the Temporary Environmental Trust Bonds shall in all respects be entitled to the same benefits under this Indenture as Definitive Environmental Trust Bonds.