Common use of Basic Documents Clause in Contracts

Basic Documents. The Indenture Trustee is hereby authorized to execute and deliver any other Basic Document that it is requested to acknowledge, including, upon receipt of an Issuer Request, an Intercreditor Agreement, so long as any such Intercreditor Agreement is substantially in the form of Exhibit D hereto, with such changes as may be agreed among the parties thereto so long as such changes do not materially and adversely affect any Holder’s rights in and to any Environmental Trust Bond Collateral or otherwise hereunder. Such request shall be accompanied by an Opinion of Counsel, 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 an Intercreditor Agreement have been satisfied. Any Intercreditor Agreement shall be binding on the Holders.

Appears in 5 contracts

Samples: Indenture (WEPCo Environmental Trust Finance I, LLC), Indenture (WEPCo Environmental Trust Finance I, LLC), Indenture (WEPCo Environmental Trust Finance I, LLC)

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Basic Documents. The Indenture Trustee is hereby authorized to execute and deliver the Servicing Agreement and to execute and deliver any other Basic Document that it is requested to acknowledge, including, upon receipt of an Issuer Request, an the Intercreditor Agreement, so long as any such the Intercreditor Agreement is substantially in the form of Exhibit D heretothe Intercreditor Agreement dated as of June 22, with such changes as may be agreed among the parties thereto so long as such changes do 2016 and does not materially and adversely affect any Holder’s rights in and to any Environmental Trust Bond Collateral or otherwise hereunder. Such request shall be accompanied by an Opinion of CounselCounsel 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 an the Intercreditor Agreement have been satisfied. Any The Intercreditor Agreement shall be binding on the Holders.

Appears in 2 contracts

Samples: Indenture (Duke Energy Florida, Llc.), Indenture (Duke Energy Florida, Llc.)

Basic Documents. The Indenture Trustee is hereby authorized to execute and deliver any other Basic Document that it is requested to acknowledge, including, upon receipt of an Issuer Request, an Intercreditor Agreement, so long as any such Intercreditor Agreement is substantially in the form of Exhibit D hereto, with such changes as may be agreed among the parties thereto so long as such changes do not materially and adversely affect any Holder’s rights in and to any Environmental Trust Bond RRB Collateral or otherwise hereunder. Such request shall be accompanied by an Opinion of Counsel, 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 an Intercreditor Agreement have been satisfied. Any Intercreditor Agreement shall be binding on the Holders.

Appears in 2 contracts

Samples: Intercreditor Agreement (PSNH Funding LLC 3), Intercreditor Agreement (PSNH Funding LLC 3)

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Basic Documents. The Indenture Trustee is hereby authorized to execute and deliver the Servicing Agreement and to execute and deliver any other Basic Document that it is requested to acknowledge, including, upon receipt of an Issuer Request, an the Intercreditor Agreement, so long as any such the Intercreditor Agreement is substantially in the form of Exhibit D hereto, with such changes the Intercreditor Agreement dated as may be agreed among the parties thereto so long as such changes do of [ ] and does not materially and adversely affect any Holder’s rights in and to any Environmental Trust Bond Collateral or otherwise hereunder. Such request shall be accompanied by an Opinion of CounselCounsel 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 an the Intercreditor Agreement have been satisfied. Any The Intercreditor Agreement shall be binding on the Holders.

Appears in 1 contract

Samples: Indenture (Duke Energy Florida, Llc.)

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