Transition Bond definition

Transition Bond means any of the transition bonds (as defined in the Competition Act) issued by the Issuer pursuant to the Indenture.

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Transition Bond means any of the 2008 Senior Secured Transition Bonds issued by the Issuer pursuant to the Indenture and the Series Supplement.

Transition Bond means any of the transition bonds (as defined in the --------------- Texas Electric Choice Plan) issued by the Issuer pursuant to the Indenture.

Examples of Transition Bond in a sentence

• Each Transition Bond shall be dated the date of its authentication.

• Any portion of the text of any Transition Bond may be set forth on the reverse thereof, with an appropriate reference thereto on the face of the Transition Bond.

• Upon any resignation of any Transition Bond Registrar, the Issuer shall promptly appoint a successor or, if it elects not to make such an appointment, assume the duties of Transition Bond Registrar.

• Failure to give notice of redemption, or any defect therein, to any Holder of any Transition Bond selected for redemption shall not impair or affect the validity of the redemption of any other Transition Bond.

• Such Transition Bond shall initially be registered on the Transition Bond Register in the name of Cede & Co., the nominee of the initial Clearing Agency, and no Transition Bond Owner will receive a definitive Transition Bond representing such Transition Bond Owner's interest in such Transition Bond, except as provided in Section 2.13.

• Notwithstanding any provision of this Indenture or any of the Transition Bonds to the contrary, the Issuer may enter into any agreement with any Holder of a Transition Bond providing for a method of payment, or notice by the Trustee or any Paying Agent to such Holder, that is different from the methods provided for in this Indenture for such payments or notices.

• None of the Issuer, the Transition Bond Registrar or the Trustee shall be liable for any delay in delivery of such instructions and may conclusively rely on, and shall be protected in relying on, such instructions.

• Nothing in this Agreement, whether express or implied, shall be construed to give to any other Person any legal or equitable right, remedy or claim in the Transition Property or Transition Bond Collateral or under or in respect of this Agreement or any covenants, conditions or provisions contained herein.

• Every replacement Transition Bond issued pursuant to this Section in replacement of any mutilated, destroyed, lost or stolen Transition Bond shall constitute an original additional contractual obligation of the Issuer, whether or not the mutilated, destroyed, lost or stolen Transition Bond shall be at any time enforceable by anyone, and shall be entitled to all the benefits of this Indenture equally and proportionately with any and all other Transition Bonds duly issued hereunder.

• Upon surrender to the Trustee of the typewritten Transition Bond or Transition Bonds representing the Book-Entry Transition Bonds by the Clearing Agency, accompanied by registration instructions, a Manager on behalf of the Issuer shall execute and the Trustee shall authenticate the Definitive Transition Bonds in accordance with the instructions of the Clearing Agency.

More Definitions of Transition Bond

Transition Bond means any of the transition bonds issued by the Issuer pursuant to the Indenture and the Supplement.

Transition Bond means any of the Series [ ] Transition Bonds issued by the Issuer pursuant to the Indenture.

Transition Bond means any of the transition bonds issued by the Issuer pursuant to the Indenture and the Supplement and also has the meaning given such term in the Texas Electric Choice Plan.

Transition Bond. The signature to this assignment must correspond with the name of the registered owner as it appears on the face of the within Tranche [ - ] Transition Bond in every particular, without alteration, enlargement or any change whatsoever.