Common use of Temporary Transition Bonds Clause in Contracts

Temporary Transition Bonds. Pending the preparation of Definitive Transition 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 Transition Bonds which are printed, lithographed, typewritten, mimeographed or otherwise produced, of the tenor of the Definitive Transition Bonds in lieu of which they are issued and with such variations not inconsistent with the terms of this Indenture as the officers executing such Transition Bonds may determine, as evidenced by their execution of such Transition Bonds. If Temporary Transition Bonds are issued, the Issuer will cause Definitive Transition Bonds to be prepared without unreasonable delay. After the preparation of Definitive Transition Bonds, the Temporary Transition Bonds shall be exchangeable for Definitive Transition Bonds upon surrender of the Temporary Transition 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 Transition Bonds, the Transition Bond Issuer shall execute and the Indenture Trustee shall authenticate and deliver in exchange therefor a like principal amount of Definitive Transition Bonds of authorized denominations. Until so delivered in exchange, the Temporary Transition Bonds shall in all respects be entitled to the same benefits under this Indenture as Definitive Transition Bonds.

Appears in 6 contracts

Samples: Section    Indenture (Aep Texas Central Co), Indenture (Entergy Texas Restoration Funding, LLC), Indenture (Aep Texas Central Co)

AutoNDA by SimpleDocs

Temporary Transition Bonds. Pending the preparation of Definitive Transition 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 Transition Bonds which are printed, lithographed, typewritten, mimeographed or otherwise produced, of the tenor of the Definitive Transition Bonds in lieu of which they are issued and with such variations not inconsistent with the terms of this Indenture as the officers executing such the Transition Bonds may determine, as evidenced by their execution of such the Transition Bonds. If Temporary Transition Bonds are issued, the Issuer will cause Definitive Transition Bonds to be prepared without unreasonable delay. After the preparation of Definitive Transition Bonds, the Temporary Transition Bonds shall be exchangeable for Definitive Transition Bonds upon surrender of the Temporary Transition 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 Transition Bonds, the Transition Bond Issuer shall execute and the Indenture Trustee shall authenticate and deliver in exchange therefor a like principal amount of Definitive Transition Bonds of authorized denominations. Until so delivered in exchange, the Temporary Transition Bonds shall in all respects be entitled to the same benefits under this Indenture as Definitive Transition Bonds.

Appears in 3 contracts

Samples: Indenture (AEP Transition Funding III LLC), Indenture (AEP Transition Funding III LLC), Indenture (AEP Transition Funding III LLC)

Temporary Transition Bonds. Pending the preparation of Definitive definitive Transition Bonds, or by agreement of the purchasers of all Transition Bonds pursuant to Section 2.13or, in the case of Transition 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 Indenture Trustee shall authenticate and deliver, Temporary temporary Transition Bonds which are printed, lithographed, typewritten, mimeographed or otherwise produced, of the tenor of the Definitive definitive Transition Bonds in lieu of which they are issued and with such variations not inconsistent with the terms of this Indenture as the officers Manager executing such Transition Bonds may determine, as evidenced by their execution of such Transition Bonds. If Temporary temporary Transition Bonds are issued, the Issuer will cause Definitive definitive Transition Bonds to be prepared without unreasonable delaydelay except where temporary Transition Bonds are held by a Clearing Agency. After the preparation of Definitive definitive Transition Bonds, the Temporary temporary Transition Bonds shall be exchangeable for Definitive definitive Transition Bonds upon surrender of the Temporary temporary Transition 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 temporary Transition Bonds, a Manager on behalf of the Transition Bond Issuer shall execute and the Indenture Trustee shall authenticate and deliver in exchange therefor a like initial principal amount of Definitive definitive Transition Bonds of authorized denominationsin Authorized Denominations. Until so delivered in exchangeexchanged, the Temporary temporary Transition Bonds shall in all respects be entitled to the same benefits under this Indenture as Definitive definitive Transition Bonds.

Appears in 2 contracts

Samples: Pp&l Transition Bond Co Inc, Pp&l Transition Bond Co Inc

Temporary Transition Bonds. Pending the preparation of Definitive definitive Transition Bonds, or by agreement of the purchasers of all Transition Bonds pursuant to Section 2.13or, in the case of Transition Bonds held in a book-entry only system by a Clearing Agency, the Issuer Trustee on behalf of the Issuer may execute, and upon receipt of an Issuer Order the Indenture Bond Trustee shall authenticate and deliver, Temporary temporary Transition Bonds which are printed, lithographed, typewritten, mimeographed or otherwise produced, of the tenor of the Definitive definitive Transition Bonds in lieu of which they are issued and with such variations not inconsistent with the terms of this Indenture as the officers Authorized Officers of the Issuer Trustee executing such Transition Bonds may determine, as evidenced by their execution of such Transition Bonds. If Temporary temporary Transition Bonds are issued, the Issuer will cause Definitive definitive Transition Bonds to be prepared without unreasonable delaydelay except where temporary Transition Bonds are held by a Clearing Agency . After the preparation of Definitive definitive Transition Bonds, the Temporary temporary Transition Bonds shall be exchangeable for Definitive definitive Transition Bonds upon surrender of the Temporary temporary Transition 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 cancelation of any one or more Temporary temporary Transition Bonds, the Transition Bond Issuer Trustee on behalf of the Issuer shall execute and the Indenture Bond Trustee shall authenticate and deliver in exchange therefor a like initial principal amount of Definitive definitive Transition Bonds of authorized denominationsin Authorized Initial Denominations. Until so delivered in exchangeexchanged, the Temporary temporary Transition Bonds shall in all respects be entitled to the same benefits under this Indenture as Definitive definitive Transition Bonds.

Appears in 2 contracts

Samples: Indenture (Peco Energy Transition Trust), Peco Energy Transition Trust

Temporary Transition Bonds. Pending the preparation of Definitive definitive Transition Bonds pursuant to Section 2.13, or by agreement of the purchasers of all Transition Bonds or, in the case of Transition 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 Order, the Indenture Trustee shall authenticate and deliver, Temporary deliver temporary Transition Bonds which are printed, lithographed, typewritten, mimeographed or otherwise produced, produced of the tenor of the Definitive definitive Transition Bonds in lieu of which they are issued and with such variations not inconsistent with the terms of this Indenture as the officers a Manager executing such Transition Bonds may determine, as evidenced by their its execution of such Transition Bonds. If Temporary temporary Transition Bonds are issued, the Issuer will cause Definitive definitive Transition Bonds to be prepared without unreasonable delaydelay except where temporary Transition Bonds are held by a Clearing Agency. After the preparation of Definitive definitive Transition Bonds, the Temporary temporary Transition Bonds shall be exchangeable for Definitive definitive Transition Bonds upon surrender of the Temporary temporary Transition 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 temporary Transition Bonds, a Manager on behalf of the Transition Bond Issuer shall execute and the Indenture Trustee shall authenticate and deliver in exchange therefor a like Series (and, if applicable, Tranche) and initial principal amount of Definitive definitive Transition Bonds of authorized denominationsin Authorized Denominations. Until so delivered in exchangeexchanged, the Temporary temporary Transition Bonds shall in all respects be entitled to the same benefits under this Indenture as Definitive definitive Transition Bonds.

Appears in 2 contracts

Samples: Transition Property Servicing Agreement (CenterPoint Energy Transition Bond CO II, LLC), Sale Agreement (CenterPoint Energy Transition Bond CO II, LLC)

AutoNDA by SimpleDocs

Temporary Transition Bonds. Pending the preparation of Definitive definitive Transition Bonds, or by agreement of the purchasers of all Transition Bonds pursuant to Section 2.13or, in the case of Transition Bonds held in a book-entry only system by a Clearing Agency, the Issuer may execute, and upon receipt of an Issuer Order the Indenture Bond Trustee shall authenticate and deliver, Temporary temporary Transition Bonds which are printed, lithographed, typewritten, mimeographed or otherwise produced, of the tenor of the Definitive definitive Transition Bonds in lieu of which they are issued and with such variations not inconsistent with the terms of this Indenture as the officers Authorized Officers of the Issuer executing such Transition Bonds may determine, as evidenced by their execution of such Transition Bonds. If Temporary temporary Transition Bonds are issued, the Issuer will cause Definitive definitive Transition Bonds to be prepared without unreasonable delaydelay except where temporary Transition Bonds are held by a Clearing Agency. After the preparation of Definitive definitive Transition Bonds, the Temporary temporary Transition Bonds shall be exchangeable for Definitive definitive Transition Bonds upon surrender of the Temporary temporary Transition 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 cancelation of any one or more Temporary temporary Transition Bonds, the Transition Bond Issuer shall execute and the Indenture Bond Trustee shall authenticate and deliver in exchange therefor a like initial principal amount of Definitive definitive Transition Bonds of authorized denominationsin Authorized Initial Denominations. Until so delivered in exchangeexchanged, the Temporary temporary Transition Bonds shall in all respects be entitled to the same benefits under this Indenture as Definitive definitive Transition Bonds.

Appears in 2 contracts

Samples: Indenture (West Penn Funding LLC), Series Supplement (West Penn Funding LLC)

Temporary Transition Bonds. Pending the preparation of Definitive definitive Transition Bonds, or by agreement of the purchasers of all Transition Bonds pursuant to Section 2.13or, in the case of Transition Bonds held in a book-entry only system by a Clearing Agency, the Issuer Trustee on behalf of the Issuer may execute, and upon receipt of an Issuer Order the Indenture Bond Trustee shall authenticate and deliver, Temporary temporary Transition Bonds which are printed, lithographed, typewritten, mimeographed or otherwise produced, of the tenor of the Definitive definitive Transition Bonds in lieu of which they are issued and with such variations not inconsistent with the terms of this Indenture as the officers Authorized Officers of the Issuer Trustee executing such Transition Bonds may determine, as evidenced by their execution of such Transition Bonds. If Temporary temporary Transition Bonds are issued, the Issuer will cause Definitive definitive Transition Bonds to be prepared without unreasonable delaydelay except where temporary Transition Bonds are held by a Clearing Agency. After the preparation of Definitive definitive Transition Bonds, the Temporary temporary Transition Bonds shall be exchangeable for Definitive definitive Transition Bonds upon surrender of the Temporary temporary Transition 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 cancelation of any one or more Temporary temporary Transition Bonds, the Transition Bond Issuer Trustee on behalf of the Issuer shall execute and the Indenture Bond Trustee shall authenticate and deliver in exchange therefor a like initial principal amount of Definitive definitive Transition Bonds of authorized denominationsin Authorized Initial Denominations. Until so delivered in exchangeexchanged, the Temporary temporary Transition Bonds shall in all respects be entitled to the same benefits under this Indenture as Definitive definitive Transition Bonds.

Appears in 2 contracts

Samples: Indenture (Peco Energy Transition Trust), Indenture (Peco Energy Transition Trust)

Temporary Transition Bonds. Pending the preparation of Definitive definitive Transition Bonds pursuant to Section 2.13, or by agreement of the purchasers of all Transition Bonds or, in the case of Transition 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 Order, the Indenture Trustee shall authenticate and deliver, Temporary deliver temporary Transition Bonds which are printed, lithographed, typewritten, mimeographed or otherwise produced, produced of the tenor of the Definitive definitive Transition Bonds in lieu of which they are issued and with such variations not inconsistent with the terms of this Indenture as the officers a Manager executing such Transition Bonds may determine, as evidenced by their its execution of such Transition Bonds. If Temporary temporary Transition Bonds are issued, the Issuer will cause Definitive definitive Transition Bonds to be prepared without unreasonable delaydelay except where temporary Transition Bonds are held by a Clearing Agency. After the preparation of Definitive definitive Transition Bonds, the Temporary temporary Transition Bonds shall be exchangeable for Definitive definitive Transition Bonds upon surrender of the Temporary temporary Transition 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 temporary Transition Bonds, a Manager on behalf of the Transition Bond Issuer shall execute and the Indenture Trustee shall authenticate and deliver in exchange therefor a like Series (and, if applicable, Class) and initial principal amount of Definitive definitive Transition Bonds of authorized denominationsin Authorized Denominations. Until so delivered in exchangeexchanged, the Temporary temporary Transition Bonds shall in all respects be entitled to the same benefits under this Indenture as Definitive definitive Transition Bonds.

Appears in 1 contract

Samples: Intercreditor Agreement (Reliant Energy Transition Bond Co LLC)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!