Basic Documents. The Indenture Trustee is hereby authorized and directed to execute and deliver the Servicing Agreement and the Sale Agreement and to execute and deliver any other Basic Document that it is requested to acknowledge, and accept, including, upon receipt of an Issuer Request, the joinder or amendment to the Intercreditor Agreements. Such request shall be accompanied by an Opinion of Counsel of external counsel of the Issuer, upon which the Indenture Trustee may rely conclusively with no duty of independent investigation or inquiry, to the effect that all conditions precedent for the execution of the Intercreditor Agreements have been satisfied. The Intercreditor Agreements shall be binding on the Holders and all Holders are deemed to have consented to the provisions of this Section 10.15.
Appears in 8 contracts
Sources: Indenture (Duke Energy Carolinas NC Storm Funding II LLC), Indenture (Duke Energy Carolinas NC Storm Funding II LLC), Indenture (Duke Energy Carolinas NC Storm Funding II LLC)
Basic Documents. The Indenture Trustee is hereby authorized and directed to execute and deliver the Servicing Agreement and the Sale Agreement and to execute and deliver any other Basic Document that it is requested to acknowledge, and accept, including, upon receipt of an Issuer Request, the joinder or amendment to the Intercreditor AgreementsAgreement. Such request shall be accompanied by an Opinion of Counsel of external counsel of the Issuer, upon which the Indenture Trustee may rely conclusively with no duty of independent investigation or inquiry, to the effect that all conditions precedent for the execution of the Intercreditor Agreements Agreement have been satisfied. The Intercreditor Agreements Agreement shall be binding on the Holders and all Holders are deemed to have consented to the provisions of this Section 10.15.
Appears in 5 contracts
Sources: Indenture (Duke Energy Progress SC Storm Funding LLC), Indenture (Duke Energy Progress SC Storm Funding LLC), Indenture (Duke Energy Progress SC Storm Funding LLC)
Basic Documents. The Indenture Trustee is hereby authorized and directed to execute and deliver the Servicing Agreement and the Sale Agreement and to execute and deliver any other Basic Document that which it is requested to acknowledge, and accept, acknowledge including, upon receipt of an Issuer Request, an Intercreditor Agreement, so long as such Intercreditor Agreement is substantially in the joinder or amendment to the Intercreditor Agreementsform of Exhibit D hereto. Such request shall be accompanied by an Opinion of Counsel of external counsel of the Issuer, upon which the Indenture Trustee may rely conclusively with no duty of independent investigation or inquiry, to the effect that all conditions precedent for the execution of the an Intercreditor Agreements Agreement have been satisfied. The Any such Intercreditor Agreements Agreement shall be binding on the Holders and all Holders are deemed to have consented to the provisions of this Section 10.15Holders.
Appears in 3 contracts
Sources: Indenture (Appalachian Consumer Rate Relief Funding LLC), Indenture (Appalachian Consumer Rate Relief Funding LLC), Indenture (Appalachian Consumer Rate Relief Funding LLC)
Basic Documents. The Indenture Trustee is hereby authorized and directed to execute and deliver the Servicing Agreement and the Sale Agreement and to execute and deliver any other Basic Document that it is requested to acknowledge, acknowledge and accept, including, upon receipt of an Issuer Request, the joinder or amendment to the Joinder Intercreditor AgreementsAgreement, dated as of November 24, 2021. Such request shall be accompanied by an Opinion of Counsel of external counsel of the Issuer, upon which the Indenture Trustee may rely conclusively with no duty of independent investigation or inquiry, to the effect that all conditions precedent for the execution of the Intercreditor Agreements Agreement have been satisfied. The Intercreditor Agreements Agreement shall be binding on the Holders and all Holders are deemed to have consented to the provisions of this Section 10.15.
Appears in 2 contracts
Sources: Indenture (Duke Energy Progress NC Storm Funding LLC), Indenture (Duke Energy Progress NC Storm Funding LLC)
Basic Documents. The Indenture Trustee is hereby authorized and directed to execute and deliver the Servicing Agreement and the Sale Agreement and to execute and deliver any other Basic Document that it is requested to acknowledge, and accept, including, upon receipt of an Issuer Request, the joinder or amendment to the Joinder Intercreditor AgreementsAgreement, dated as of November 24, 2021. Such request shall be accompanied by an Opinion of Counsel of external counsel of the Issuer, upon which the Indenture Trustee may rely conclusively with no duty of independent investigation or inquiry, to the effect that all conditions precedent for the execution of the Intercreditor Agreements Agreement have been satisfied. The Intercreditor Agreements Agreement shall be binding on the Holders and all Holders are deemed to have consented to the provisions of this Section 10.15.
Appears in 1 contract
Sources: Indenture (Duke Energy Carolinas NC Storm Funding LLC)