Common use of Conveyance of Subsequent Transition Property Clause in Contracts

Conveyance of Subsequent Transition Property. The Seller may from time to time offer to sell, transfer, assign, set over and convey Subsequent Transition Property to the Issuer, subject to the conditions specified in Section 2.03. If any such offer is accepted by the Issuer, such Subsequent Transition Property shall be, subject to the satisfaction or waiver of the conditions specified in Section 2.03, sold, transferred, assigned, set over and conveyed to the Issuer effective on the Subsequent Transfer Date specified in the related Addition Notice. The terms of the Xxxx of Sale with respect to such Subsequent Transition Property shall be binding as if set forth herein.

Appears in 4 contracts

Samples: Transition Property Purchase and Sale Agreement (Aep Texas Central Co), Transition Property Purchase and Sale Agreement (Aep Texas Central Co), Transition Property Purchase and Sale Agreement (Entergy Gulf States Reconstruction Funding I, LLC)

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