Common use of Temporary Securitization Bonds Clause in Contracts

Temporary Securitization Bonds. (a) Pending the prepara tion of definitive Securitization Bonds pursuant to Section 2.13 or in the case of Securitization Bonds held in a book-entry only system by a Clearing Agency, a Manager on behalf of the Issuer may execute, and upon receipt of an Issuer Order the Trustee shall authenticate and deliver, temporary Securitization Bonds which are printed, lithographed, typewritten, mimeographed or otherwise produced, of the tenor of the definitive Securitization Bonds in lieu of which they are issued and with such variations not inconsistent with the terms of this Indenture as the Manager executing such Securitization Bonds may determine, as evidenced by their execution of such Securitization Bonds.

Appears in 2 contracts

Samples: Consumers Funding LLC, Consumers Energy Co Financing V

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Temporary Securitization Bonds. (a) Pending the prepara tion preparation of definitive Securitization Bonds pursuant to Section 2.13 or or, in the case of Securitization Bonds held in a book-entry only system by a Clearing Agency, a Manager on behalf of the Issuer may execute, and upon receipt of an Issuer Order the Trustee shall authenticate and deliver, temporary Securitization Bonds which are printed, lithographed, typewritten, mimeographed or otherwise produced, of the tenor of the definitive Securitization Bonds in lieu of which they are issued and with such variations not inconsistent with the terms of this Indenture as the Manager executing such Securitization Bonds may determine, as evidenced by their execution of such Securitization Bonds.

Appears in 2 contracts

Samples: Detroit Edison Securitization Funding LLC, Detroit Edison Securitization Funding LLC

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Temporary Securitization Bonds. (a) Pending the prepara tion preparation of definitive Securitization Bonds pursuant to Section 2.13 or in the case of Securitization Bonds held in a book-entry only system by a Clearing Agency, a Manager on behalf of the Issuer may execute, and upon receipt of an Issuer Order the Trustee shall authenticate and deliver, temporary Securitization Bonds which are printed, lithographed, typewritten, mimeographed or otherwise produced, of the tenor of the definitive Securitization Bonds in lieu of which they are issued and with such variations not inconsistent with the terms of this Indenture as the Manager executing such Securitization Bonds may determine, as evidenced by their execution of such Securitization Bonds.

Appears in 1 contract

Samples: Consumers Funding LLC

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