Common use of Transfer Filings Clause in Contracts

Transfer Filings. (i) The Seller is the sole owner of the rights and interests under the Financing Order to be sold to the Issuer on the Transfer Date. (ii) On the Transfer Date, immediately upon the sale hereunder, the Transition Property will have been validly sold, assigned, transferred, set over and conveyed to the Issuer free and clear of all Liens (except for any Lien created in favor of the Transition Bondholders pursuant to Section 39.309 of the Restructuring Act or any Lien created by the Issuer under the Basic Documents). (iii) All actions or filings (including filings with the Texas Secretary of State in accordance with the rules prescribed under the Restructuring Act and the UCC) necessary in any jurisdiction to give the Issuer a perfected ownership interest (subject to any Lien created in favor of the Transition Bondholders pursuant to Section 39.309 of the Restructuring Act or any Lien created by the Issuer under the Basic Documents) in the Transition Property and to grant to the Indenture Trustee a first priority perfected security interest in the Transition Property, free and clear of all Liens of the Seller or anyone else (except for any Lien created in favor of the Transition Bondholders pursuant to Section 39.309 of the Restructuring Act or any Lien created by the Issuer under the Basic Documents), have been taken or made.

Transfer Filings. (i) The Seller is the sole owner of the rights and interests under the Financing Order to be sold to the Issuer on the Transfer Date. (ii) On the Transfer Date, immediately upon the sale hereunder, the Transition System Restoration Property will have been validly sold, assigned, transferred, set over and conveyed to the Issuer free and clear of all Liens (except for any Lien created in favor of the Transition Bondholders pursuant to Section 39.309 of the Restructuring Public Utility Regulatory Act or any Lien created by the Issuer under the Basic Documents). (iii) All actions or filings (including filings with the Texas Secretary of State in accordance with the rules prescribed under the Restructuring Public Utility Regulatory Act and the UCC) necessary in any jurisdiction to give the Issuer a perfected ownership interest (subject to any Lien created in favor of the Transition Bondholders pursuant to Section 39.309 of the Restructuring Public Utility Regulatory Act or any Lien created by the Issuer under the Basic Documents) in the Transition System Restoration Property and to grant to the Indenture Trustee a first priority perfected security interest in the Transition System Restoration Property, free and clear of all Liens of the Seller or anyone else (except for any Lien created in favor of the Transition Bondholders pursuant to Section 39.309 of the Restructuring Public Utility Regulatory Act or any Lien created by the Issuer under the Basic Documents), have been taken or made.

Transfer Filings. (i) The Seller is the sole owner of the rights and interests under the Financing Order to be sold to the Issuer on the Transfer Date. (ii) On the Transfer Date, immediately upon the sale hereunder, the Transition Property will have been validly sold, assigned, transferred, set over and conveyed to the Issuer free and clear of all Liens (except for any Lien created in favor of the Transition Bondholders pursuant to Section 39.309 of the Restructuring Act Texas Electric Choice Plan or any Lien created by the Issuer under the Basic Documents). (iii) All actions or filings (including filings with the Texas Secretary of State in accordance with the rules prescribed under the Restructuring Act Texas Electric Choice Plan and the UCC) necessary in any jurisdiction to give the Issuer a perfected ownership interest (subject to any Lien created in favor of the Transition Bondholders pursuant to Section 39.309 of the Restructuring Act Texas Electric Choice Plan or any Lien created by the Issuer under the Basic Documents) in the Transition Property and to grant to the Indenture Trustee a first priority perfected security interest in the Transition Property, free and clear of all Liens of the Seller or anyone else (except for any Lien created in favor of the Transition Bondholders pursuant to Section 39.309 of the Restructuring Act Texas Electric Choice Plan or any Lien created by the Issuer under the Basic Documents), have been taken or made.

Transfer Filings. (i) The Seller is the sole owner of the rights and interests under the Financing Order to be sold to the Issuer on the Transfer Date. (ii) On the Transfer Date, immediately upon the sale hereunder, the Transferred Transition Property will have been validly sold, assigned, transferred, set over and conveyed to the Issuer free and clear of all Liens (except for any Lien created in favor of the Transition Bondholders pursuant to Section 39.309 of the Restructuring Act Texas Electric Choice Plan or any Lien created by the Issuer under the Basic Documents). (iii) All actions or filings (including filings with the Texas Secretary of State in accordance with the rules prescribed under the Restructuring Act Texas Electric Choice Plan and the UCC) necessary in any jurisdiction to give the Issuer a perfected ownership interest (subject to any Lien created in favor of the Transition Bondholders pursuant to Section 39.309 of the Restructuring Act Texas Electric Choice Plan or any Lien created by the Issuer under the Basic Documents) in the Transferred Transition Property and to grant to the Indenture Trustee a first priority perfected security interest in the Transferred Transition Property, free and clear of all Liens of the Seller or anyone else (except for any Lien created in favor of the Transition Bondholders pursuant to Section 39.309 of the Restructuring Act Texas Electric Choice Plan or any Lien created by the Issuer under the Basic Documents), have been taken or made.