Common use of Description of the Bonds Clause in Contracts

Description of the Bonds. The issuance of the Bonds is authorized by the Financing Order, Docket No. U-31894-B (the “Financing Order”), issued by the Louisiana Public Service Commission (the “LPSC”) on August 12, 2011 in accordance with Louisiana Electric Utility Investment Recovery Securitization Act, codified at Louisiana Revised Statutes 45:1251-1261 (the “Financing Act”). The Bonds will be issued pursuant to an indenture to be dated as of , 2011, as supplemented by a series supplement thereto relating to the Bonds (as so supplemented, the “Indenture”), between the Issuer and The Bank of New York Mellon, as indenture trustee (the “Indenture Trustee”). The Bonds will be senior secured obligations of the Issuer and will be secured by investment recovery property (as more fully described in the Financing Order, the “Investment Recovery Property”) to be sold to the Issuer by ELL pursuant to the Investment Recovery Property Purchase and Sale Agreement, to be dated on or about , 2011, between ELL and the Issuer (the “Sale Agreement”). The Investment Recovery Property (as defined in the Sale Agreement) securing the Bonds will be serviced pursuant to the Investment Recovery Property Servicing Agreement, to be dated on or about , 2011 (the “Servicing Agreement”), between ELL, as servicer, and the Issuer, as owner of the Investment Recovery Property sold to it pursuant to the Sale Agreement.

Description of the Bonds. The issuance of the Bonds is authorized by the Financing Order, Docket No. U-31894-B (the “Financing Order”), issued by the Louisiana Public Service Commission (the “LPSC”) on August 12, 2011 in accordance with Louisiana Electric Utility Investment Recovery Securitization Act, codified at Louisiana Revised Statutes 45:1251-1261 (the “Financing Act”). The Bonds will be issued pursuant to an indenture to be dated as of September 1, 2011, as supplemented by a series supplement thereto relating to the Bonds (as so supplemented, the “Indenture”), between the Issuer and The Bank of New York Mellon, as indenture trustee (the “Indenture Trustee”). The Bonds will be senior secured obligations of the Issuer and will be secured by investment recovery property (as more fully described in the Financing Order, the “Investment Recovery Property”) to be sold to the Issuer by ELL pursuant to the Investment Recovery Property Purchase and Sale Agreement, to be dated on or about September 1, 2011, between ELL and the Issuer (the “Sale Agreement”). The Investment Recovery Property (as defined in the Sale Agreement) securing the Bonds will be serviced pursuant to the Investment Recovery Property Servicing Agreement, to be dated on or about September 1, 2011 (the “Servicing Agreement”), between ELL, as servicer, and the Issuer, as owner of the Investment Recovery Property sold to it pursuant to the Sale Agreement.

Description of the Bonds. The issuance of the Bonds is authorized by the Financing Order, Docket Council Resolution No. U-31894X-00-B 000, Xxxxxx Xx. XX-00-00 (Xxxxx II) (the “Financing Order”), issued by the Louisiana Public Service Commission Council of the City of New Orleans (the “LPSCCouncil”) on August 12May 14, 2011 2015 in accordance with the Louisiana Electric Utility Investment Storm Recovery Securitization Act, codified at Louisiana Revised Statutes 45:125145:1226-1261 1236 (the “Financing Act”). The Bonds will be issued pursuant to an indenture to be dated as of July 22, 20112015, as supplemented by a series supplement thereto relating to the Bonds (as so supplemented, the “Indenture”), between the Issuer and The Bank of New York Mellon, as indenture trustee (the “Indenture Trustee”)) and securities intermediary. The Bonds will be senior secured obligations of the Issuer and will be secured by investment storm recovery property (as more fully described in the Financing OrderOrder and as defined in the Sale Agreement (as defined below), the “Investment Storm Recovery Property”) to be sold to the Issuer by ELL ENO pursuant to the Investment Storm Recovery Property Purchase and Sale Agreement, to be dated on or about July 22, 20112015, between ELL ENO and the Issuer (the “Sale Agreement”). The Investment Storm Recovery Property (as defined in the Sale Agreement) securing the Bonds will be serviced pursuant to the Investment Storm Recovery Property Servicing Agreement, to be dated on or about July 22, 2011 2015 (the “Servicing Agreement”), between ELLENO, as servicer, and the Issuer, as owner of the Investment Storm Recovery Property sold to it pursuant to the Sale Agreement.

Description of the Bonds. The issuance of the Bonds is authorized by the Financing Order, Docket No. U-31894UD-14-B 01 (the “Financing Order”), issued by the Louisiana Public Service Commission Council of the City of New Orleans (the “LPSCCouncil”) on August 12May 14, 2011 2015 in accordance with the Louisiana Electric Utility Investment Storm Recovery Securitization Act, codified at Louisiana Revised Statutes 45:125145:1226-1261 1240 (the “Financing Act”). The Bonds will be issued pursuant to an indenture to be dated as of [___] [__], 20112015, as supplemented by a series supplement thereto relating to the Bonds (as so supplemented, the “Indenture”), between the Issuer and The Bank of New York Mellon, as indenture trustee (the “Indenture Trustee”)) and securities intermediary. The Bonds will be senior secured obligations of the Issuer and will be secured by investment storm recovery property (as more fully described in the Financing OrderOrder and as defined in the Sale Agreement (as defined below), the “Investment Storm Recovery Property”) to be sold to the Issuer by ELL ENO pursuant to the Investment Storm Recovery Property Purchase and Sale Agreement, to be dated on or about [___] [__], 20112015, between ELL ENO and the Issuer (the “Sale Agreement”). The Investment Storm Recovery Property (as defined in the Sale Agreement) securing the Bonds will be serviced pursuant to the Investment Storm Recovery Property Servicing Agreement, to be dated on or about [___] [__], 2011 2015 (the “Servicing Agreement”), between ELLENO, as servicer, and the Issuer, as owner of the Investment Storm Recovery Property sold to it pursuant to the Sale Agreement.