Common use of Transfer Filings Clause in Contracts

Transfer Filings. On the Closing Date, immediately upon the sale hereunder, the Transition Property has been validly transferred and sold to the Note Issuer, the Note Issuer shall own all such Transition Property free and clear of all Liens (except for any Lien created pursuant to Section 1H(e) of Chapter 164 of the Massachusetts General Laws and any Lien that may be Granted under the Basic Documents) and all filings to be made by the Seller (including filings with the DTE under the Statute) necessary in any jurisdiction to give the Note Issuer a valid, perfected ownership interest (subject to any Lien created pursuant to Section 1H(e) of Chapter 164 of the Massachusetts General Laws and any Lien that may be Granted under the Basic Documents) in, and for the Grant by the Note Issuer to the Note Trustee of a valid, first priority perfected security interest (except for any Lien created pursuant to Section 1H(e) of Chapter 164 of the Massachusetts General Laws and any Lien that may be Granted under the Basic Documents) in, the Transition Property have been made. No further action is required to maintain such ownership interest or the Note Trustee’s perfected security interest (in each case, subject to any Lien created pursuant to Section 1H(e) of Chapter 164 of the Massachusetts General Laws and any Lien that may be Granted under the Basic Documents). Filings have also been made to the extent required in any jurisdiction to perfect the Back-Up Security Interest Granted by the Seller to the Note Issuer (subject to any Lien created pursuant to Section 1H(e) of Chapter 164 of the Massachusetts General Laws and any Lien that may be Granted under the Basic Documents).

Transfer Filings. On the Closing Date, immediately upon the sale hereunder, the Transition Property has been validly transferred and sold to the Note Issuer, the Note Issuer shall own all such Transition Property free and clear of all Liens (except for excluding any Lien created pursuant to Section 1H(e) of Chapter 164 of the Massachusetts General Laws and any Lien that may be Granted under the Basic Documents) and all filings to be made by the Seller (including filings with the DTE under the Statute) necessary in any jurisdiction to give Grant the Note Issuer a valid, valid first priority perfected ownership interest (subject to any Lien created pursuant to Section 1H(e) of Chapter 164 of the Massachusetts General Laws and any Lien that may be Granted under the Basic Documents) in, and for the to Grant by the Note Issuer to the Note Trustee of a valid, valid first priority perfected security interest (except for subject to any Lien created pursuant to Section 1H(e) of Chapter 164 of the Massachusetts General Laws and any Lien that may be Granted granted under the Basic Documents) in, the Transition Property have been made. No further action is required to maintain such the Note Issuer's first priority perfected ownership interest or the Note Trustee’s 's first priority perfected security interest (in each case, subject to any Lien created pursuant to Section 1H(e) of Chapter 164 of the Massachusetts General Laws and any Lien that may be Granted under the Basic Documents). Filings have also been made to the extent required in any jurisdiction to perfect the Back-Up Security Interest Granted granted by the Seller to the Note Issuer (subject to any Lien created pursuant to Section 1H(e) of Chapter 164 of the Massachusetts General Laws and any Lien that may be Granted under the Basic Documents).

Transfer Filings. On the Closing Date, immediately upon the sale hereunder, the Series 2003-1 Transition Property has been shall be validly transferred and sold to the Note Issuer, the Note Issuer shall own all such Transferred Transition Property free and clear of all Liens (except for any Lien created in favor of the Holders pursuant to Section 1H(e) of Chapter 164 39.309 of the Massachusetts General Laws and Securitization Law or any Lien that may be Granted granted under the Basic Documents) and all filings to be made by the Seller (including filings with the DTE Secretary of State of the State of Texas under the StatuteSecuritization Law) necessary in any jurisdiction to give the Note Issuer a valid, perfected ownership interest (subject to any Lien created in favor of the Series 2003-1 Holders pursuant to Section 1H(e) of Chapter 164 39.309 of the Massachusetts General Laws Securitization Law and any Lien that may be Granted granted under the Basic Documents) in, and for in the Grant by the Note Issuer to the Note Trustee of a valid, first priority perfected security interest (except for any Lien created pursuant to Section 1H(e) of Chapter 164 of the Massachusetts General Laws and any Lien that may be Granted under the Basic Documents) in, the Series 2003-1 Transition Property have been made. No further action is required to maintain such ownership interest or the Note Trustee’s perfected security interest (in each case, subject to any Lien created in favor of the Series 2003-1 Holders pursuant to Section 1H(e) of Chapter 164 39.309 of the Massachusetts General Laws Securitization Law and any Lien that may be Granted granted under the Basic Documents)) and to give the Indenture Trustee a first priority perfected security interest in the Series 2003-1 Transition Property. Filings have also been made to the extent required in any jurisdiction to perfect the Backsecurity interest in the Series 2003-Up Security Interest Granted 1 Transition Property granted by the Seller to the Note Issuer (subject to any Lien created in favor of the Series 2003-1 Holders pursuant to Section 1H(e) of Chapter 164 39.309 of the Massachusetts General Laws Securitization Law and any Lien that may be Granted granted under the Basic Documents)) and, to the extent necessary, the Indenture Trustee pursuant to Section 2.01.

Transfer Filings. On the Closing Date, immediately upon the sale hereunder, the Transition Property has been validly transferred and sold to the Note Issuer, the Note Issuer shall own all such Transition Property free and clear of all Liens (except for any Lien created pursuant to Section 1H(e) of Chapter 164 of the Massachusetts General Laws and any Lien that may be Granted granted under the Basic Documents) and all filings to be made by the Seller (including filings with the DTE under the Statute) necessary in any jurisdiction to give the Note Issuer a valid, perfected an ownership interest (subject to any Lien created pursuant to Section 1H(e) of Chapter 164 of the Massachusetts General Laws and any Lien that may be Granted granted under the Basic Documents) in, and for the Grant by the Note Issuer to the Note Trustee of a valid, first priority perfected security interest (except for any Lien created pursuant to Section 1H(e) of Chapter 164 of the Massachusetts General Laws and any Lien that may be Granted under the Basic Documents) in, in the Transition Property have been made. No further action is required to maintain such ownership interest or the Note Trustee’s perfected security interest (in each case, subject to any Lien created pursuant to Section 1H(e) of Chapter 164 of the Massachusetts General Laws and any Lien that may be Granted granted under the Basic Documents). Filings have also been made to the extent required in any jurisdiction by Massachusetts General Laws Chapter 106, Sections 9-403(2)-(3), 9-306, 9-402(7) and 9-103 to perfect the Back-Up Security Interest Granted granted by the Seller to the Note Issuer (subject to any Lien created pursuant to Section 1H(e) of Chapter 164 of the Massachusetts General Laws and any Lien that may be Granted granted under the Basic Documents).

Transfer Filings. On the Closing Date, immediately upon the sale hereunder, the Transition Property has been validly transferred and sold to the Note Issuer, the Note Issuer shall own all such Transition Property free and clear of all Liens (except for any Lien created pursuant to Section 1H(e) of Chapter 164 of the Massachusetts General Laws and any Lien that may be Granted granted under the Basic Documents) and all filings to be made by the Seller (including filings with the DTE under the Statute) necessary in any jurisdiction to give the Note Issuer a valid, perfected an ownership interest (subject to any Lien created pursuant to Section 1H(e) of Chapter 164 of the Massachusetts General Laws and any Lien that may be Granted granted under the Basic Documents) in, and for the Grant by the Note Issuer to the Note Trustee of a valid, first priority perfected security interest (except for any Lien created pursuant to Section 1H(e) of Chapter 164 of the Massachusetts General Laws and any Lien that may be Granted under the Basic Documents) in, in the Transition Property have been made. No further action is required to maintain such ownership interest or the Note Trustee’s perfected security interest (in each case, subject to any Lien created pursuant to Section 1H(e) of Chapter 164 of the Massachusetts General Laws and any Lien that may be Granted granted under the Basic Documents). Filings have also been made to the extent required in any jurisdiction by Massachusetts General Laws Chapter 106, ss.sx. 0-403(2)-(3), 9-306, 9-402(7) and 9-103 to perfect the Back-Up Security Interest Granted granted by the Seller to the Note Issuer (subject to any Lien created pursuant to Section 1H(e) of Chapter 164 of the Massachusetts General Laws and any Lien that may be Granted granted under the Basic Documents).