Common use of Transfer Filings Clause in Contracts

Transfer Filings. On the Closing Date, immediately upon the sale hereunder, the CRR Property shall be validly transferred and sold to the Issuer, the Issuer shall own all the CRR Property free and clear of all Liens (except for the Lien created in favor of the Indenture Trustee granted under the Indenture and perfected pursuant to Section 24-2-4f(o)(4) of the Securitization Law) and all filings and actions to be made or taken by the Seller (including, without limitation, filings with the Secretary of State of the State of West Virginia under the Securitization Law) necessary in any jurisdiction to give the Issuer a perfected ownership interest (subject to any Lien created in favor of the Indenture Trustee for the benefit of the Holders pursuant to the Indenture and perfected pursuant to Section 24-2-4f(o)(4) of the Securitization Law) in the CRR Property have been made or taken. No further action is required to maintain such ownership interest (subject to any Lien created in favor of the Indenture Trustee for the benefit of the Holders pursuant to the Indenture and perfected pursuant to Section 24-2-4f(o)(4) of the Securitization Law) and to give the Indenture Trustee a first priority perfected security interest in the CRR Property. All filings and action have also been made or taken to perfect the security interest in the CRR Property granted by the Seller to the Issuer (subject to any Lien created in favor of the Indenture Trustee for the benefit of the Holders pursuant to the Indenture and perfected pursuant to Section 24-2-4f(o)(4) of the Securitization Law) 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 CRR Securitization Property shall be validly transferred and sold to the Issuer, the Issuer shall own all the CRR Securitization Property free and clear of all Liens (except for the Lien created in favor of the Indenture Trustee granted under the Indenture and perfected pursuant to Section 24-2-4f(o)(4) of the Securitization Law) and all filings and actions to be made or taken by the Seller (including, without limitation, including filings with the Secretary Michigan Department of State of the State of West Virginia under pursuant to the Securitization Law) necessary in any jurisdiction to give the Issuer a perfected ownership interest (subject to any Lien created in favor of the Indenture Trustee for the benefit of the Holders pursuant to the Indenture and perfected pursuant to Section 24-2-4f(o)(4) of the Securitization Law) in the CRR Securitization Property have been made or taken. No further action is required to maintain such ownership interest (subject to any Lien created in favor of the Indenture Trustee for the benefit of the Holders pursuant to the Indenture and perfected pursuant to Section 24-2-4f(o)(4) of the Securitization Law) and to give the Indenture Trustee a first priority perfected security interest in the CRR Securitization Property. All filings and action have also been made or taken to perfect the security interest in the CRR Securitization Property granted by the Seller to the Issuer (subject to any Lien created in favor of the Indenture Trustee for the benefit of the Holders pursuant to the Indenture and perfected pursuant to Section 24-2-4f(o)(4) of the Securitization Law) 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 CRR Transition Property shall be validly transferred and sold to the Issuer, the Issuer shall own all the CRR Transition Property free and clear of all Liens (except for the any Lien created in favor of the Indenture Trustee Holders pursuant to Section 39.309 of the Securitization Law or any Lien that may be granted under the Indenture and perfected pursuant to Section 24-2-4f(o)(4) of the Securitization LawBasic Documents) and all filings and actions action to be made or taken by the Seller (including, without limitation, filings with the Secretary of State of the State of West Virginia Texas under the Securitization Law) necessary in any jurisdiction to give the Issuer a perfected ownership interest (subject to any Lien created in favor of the Indenture Trustee for the benefit of the Holders pursuant to the Indenture and perfected pursuant to Section 24-2-4f(o)(4) 39.309 of the Securitization LawLaw and any Lien that may be granted under the Basic Documents) in the CRR Transition Property have been made or taken. No further action is required to maintain such ownership interest (subject to any Lien created in favor of the Indenture Trustee for the benefit of the Holders pursuant to the Indenture and perfected pursuant to Section 24-2-4f(o)(4) 39.309 of the Securitization LawLaw and any Lien that may be granted under the Basic Documents) and to give the Indenture Trustee a first priority perfected security interest in the CRR Transition Property. All filings and action have also been made or taken to perfect the security interest in the CRR Transition Property granted by the Seller to the Issuer (subject to any Lien created in favor of the Indenture Trustee for the benefit of the Holders pursuant to the Indenture and perfected pursuant to Section 24-2-4f(o)(4) 39.309 of the Securitization LawLaw and any Lien that may be granted under the Basic Documents) and, to the extent necessary, the Indenture Trustee pursuant to Section 2.01.

Transfer Filings. On the Closing such Transfer Date, immediately upon the sale hereunder, the CRR Transferred Transition Property shall be validly transferred and sold to the Issuer, the Issuer shall own all the CRR such Transferred Transition Property free and clear of all Liens (except for the any Lien created in favor of the Indenture Trustee Holders pursuant to Section 39.309 of the Securitization Law or any Lien that may be granted under the Indenture and perfected pursuant to Section 24-2-4f(o)(4) of the Securitization LawBasic Documents) and all filings and actions action to be made or taken by the Seller (including, without limitation, filings with the Secretary of State of the State of West Virginia Texas under the Securitization Law) necessary in any jurisdiction to give the Issuer a perfected ownership interest (subject to any Lien created in favor of the Indenture Trustee for the benefit of the Holders pursuant to the Indenture and perfected pursuant to Section 24-2-4f(o)(4) 39.309 of the Securitization LawLaw and any Lien that may be granted under the Basic Documents) in the CRR Transferred Transition Property have been made or taken. No further action is required to maintain such ownership interest (subject to any Lien created in favor of the Indenture Trustee for the benefit of the Holders pursuant to the Indenture and perfected pursuant to Section 24-2-4f(o)(4) 39.309 of the Securitization LawLaw and any Lien that may be granted under the Basic Documents) and to give the Indenture Trustee a first priority perfected security interest in the CRR Transferred Transition Property. All filings and action have also been made or taken to perfect the security interest in the CRR Transferred Transition Property granted by the Seller to the Issuer (subject to any Lien created in favor of the Indenture Trustee for the benefit of the Holders pursuant to the Indenture and perfected pursuant to Section 24-2-4f(o)(4) 39.309 of the Securitization LawLaw and any Lien that may be granted under the Basic Documents) and, to the extent necessary, the Indenture Trustee pursuant to Section 2.01, in the case of the Original Transition Property, or Section 2.02, in the case of Subsequent Transition Property.

Transfer Filings. On the Closing Transfer Date, immediately upon the sale hereunder, the CRR Transition Property shall be validly transferred and sold to the Issuer, the Issuer shall own all of the CRR Transition Property free and clear of all Liens (except for the any Lien created in favor of the Indenture Trustee Secured Parties pursuant to Section 39.309 of the Securitization Law or any Lien that may be granted under the Indenture and perfected pursuant to Section 24-2-4f(o)(4) of the Securitization LawBasic Documents) and all filings and actions action to be made or taken by the Seller (including, without limitation, filings with the Secretary of State of the State of West Virginia Texas under the Securitization Law) necessary in any jurisdiction to give the Issuer a perfected ownership interest (subject to any Lien created in favor of the Indenture Trustee for the benefit of the Holders pursuant to the Indenture and perfected pursuant to Section 24-2-4f(o)(4) 39.309 of the Securitization LawLaw and any Lien that may be granted under the Basic Documents) in the CRR Transition Property have been made or taken. No further action is required to maintain such ownership interest (subject to any Lien created in favor of the Indenture Trustee for the benefit of the Holders pursuant to the Indenture and perfected Secured Parties pursuant to Section 24-2-4f(o)(4) 39.309 of the Securitization LawLaw and any Lien that may be granted under the Basic Documents) and to give the Indenture Trustee a first priority perfected security interest in the CRR Transition Property. All filings and action have also been made or taken to perfect the security interest in the CRR Transition Property granted by the Seller to the Issuer (subject to any Lien created in favor of the Indenture Trustee for the benefit of the Holders pursuant to the Indenture and perfected Secured Parties pursuant to Section 24-2-4f(o)(4) 39.309 of the Securitization LawLaw and any Lien that may be granted under the Basic Documents) and, to the extent necessary, necessary the Indenture Trustee Trustee, pursuant to Section 2.01.

Transfer Filings. On the Closing Transfer Date, immediately upon the sale hereunder, the CRR Storm Recovery Property shall be validly transferred and sold to the Issuer, the Issuer shall own all of the CRR Storm Recovery Property free and clear of all Liens (except for the any Lien created in favor of the Indenture Trustee Secured Parties pursuant to Section 00-00-000 of the Securitization Act or any Lien that may be granted under the Indenture and perfected pursuant to Section 24-2-4f(o)(4) of the Securitization LawBasic Documents) and all filings and actions action to be made or taken by the Seller (including, without limitation, filings with the Secretary of State of the State of West Virginia Arkansas under the Securitization LawAct) necessary in any jurisdiction to give the Issuer a perfected ownership interest (subject to any Lien created in favor of the Indenture Trustee for the benefit of the Holders pursuant to the Indenture and perfected pursuant to Section 2400-200-4f(o)(4) 000 of the Securitization LawAct and any Lien that may be granted under the Basic Documents) in the CRR Storm Recovery Property have been made or taken. No further action is required to maintain such ownership interest (subject to any Lien created in favor of the Indenture Trustee for the benefit of the Holders pursuant to the Indenture and perfected Secured Parties pursuant to Section 2400-200-4f(o)(4) 000 of the Securitization LawAct and any Lien that may be granted under the Basic Documents) and to give the Indenture Trustee a first priority perfected security interest in the CRR Storm Recovery Property. All filings and action have also been made or taken to perfect the security interest in the CRR Storm Recovery Property granted by the Seller to the Issuer (subject to any Lien created in favor of the Indenture Trustee for the benefit of the Holders pursuant to the Indenture and perfected Secured Parties pursuant to Section 2400-200-4f(o)(4) 000 of the Securitization LawAct and any Lien that may be granted under the Basic Documents) and, to the extent necessary, necessary the Indenture Trustee Trustee, pursuant to Section 2.01.

Transfer Filings. On the Closing such Transfer Date, immediately upon the sale hereunder, the CRR Transferred Transition Property shall be validly transferred and sold to the Issuer, the Issuer shall own all the CRR such Transferred Transition Property free and clear of all Liens (except for the any Lien created in favor of the Indenture Trustee Holders pursuant to Section 39.309 of the Securitization Law or any Lien that may be granted under the Indenture and perfected pursuant to Section 24-2-4f(o)(4) of the Securitization LawBasic Documents) and all filings and actions action to be made or taken by the Seller (including, without limitation, filings with the Secretary of State of the State of West Virginia Texas under the Securitization Law) necessary in any jurisdiction to give the Issuer a perfected ownership interest (subject to any Lien created in favor of the Indenture Trustee for the benefit of the Holders pursuant to the Indenture and perfected pursuant to Section 24-2-4f(o)(4) 39.309 of the Securitization LawLaw and any Lien that may be granted under the Basic Documents) in the CRR Transferred Transition Property have been made or taken. No further action is required to maintain such ownership interest (subject to any Lien created in favor of the Indenture Trustee for the benefit of the Holders pursuant to the Indenture and perfected pursuant to Section 24-2-4f(o)(4) 39.309 of the Securitization LawLaw and any Lien that may be granted under the Basic Documents) and to give the Indenture Trustee a first priority perfected security interest in the CRR Transferred Transition Property. All filings and action have also been made or taken to perfect the security interest in the CRR Transferred Transition Property granted by the Seller to the Issuer (subject to any Lien created in favor of the Indenture Trustee for the benefit of the Holders pursuant to the Indenture and perfected pursuant to Section 24-2-4f(o)(4) 39.309 of the Securitization LawLaw and any Lien that may be granted under the Basic Documents) and, to the extent necessary, necessary the Indenture Trustee Trustee, pursuant to Section 2.01, in the case of the Original Transition Property, or Section 2.02, in the case of Subsequent Transition Property.