Common use of RESPONSIBLE FOR RECITALS OR ISSUANCE OF SECURITIES Clause in Contracts

RESPONSIBLE FOR RECITALS OR ISSUANCE OF SECURITIES. The recitals contained herein and in the Securities (except the Trustee's certificates of authentication) and in any coupons shall be taken as the statements of PEC, and the Trustee or any Authenticating Agent assumes no responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of this Indenture or of the Securities or coupons, except that the Trustee represents that it is duly authorized to execute and deliver this Indenture, authenticate the Securities and perform its obligations hereunder and that the statements made by it in a Statement of Eligibility and Qualification on Form T-1 supplied to PEC are true and accurate, subject to the qualifications set forth therein. The Trustee or any Authenticating Agent shall not be accountable for the use or application by PEC of Securities or the proceeds thereof.

RESPONSIBLE FOR RECITALS OR ISSUANCE OF SECURITIES. The recitals contained herein and in the Securities (Securities, except the Trustee's certificates certificate of authentication) and in any coupons , shall be taken as the statements of PECthe Issuer, and neither the Trustee or nor any Authenticating Agent assumes no any responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of this Indenture or of the Securities or couponsSecurities, except that the Trustee represents that it is duly authorized to execute and deliver this Indenture, authenticate the Securities and perform its obligations hereunder and that the statements made by it in a Statement of Eligibility and Qualification on Form T-1 supplied to PEC the Issuer are true and accuratecorrect, subject to the qualifications set forth therein. The Neither the Trustee or nor any Authenticating Agent shall not be accountable for the use or application by PEC the Issuer of Securities or the proceeds thereof.

RESPONSIBLE FOR RECITALS OR ISSUANCE OF SECURITIES. The recitals contained herein and in the Securities (Securities, except the Trustee's certificates certificate of authentication) , and in any coupons shall be taken as the statements of PECthe Company or the Guarantor, as the case may be, and neither the Trustee or nor any Authenticating Agent assumes no any responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of this Indenture or of the Securities or couponscoupons or the Guarantees, except that the Trustee represents that it is duly authorized to execute and deliver this Indenture, authenticate the Securities and perform its obligations hereunder and that the statements made by it in a Statement of Eligibility and Qualification on Form T-1 supplied to PEC the Company are true and accurate, subject to the qualifications set forth therein. The Neither the Trustee or nor any Authenticating Agent shall not be accountable for the use or application by PEC the Company of Securities or the proceeds thereof.

RESPONSIBLE FOR RECITALS OR ISSUANCE OF SECURITIES. The recitals contained herein and in the Securities (Securities, except the Trustee's certificates certificate of authentication) , and in any coupons shall be taken as the statements of PECthe Issuer, and neither the Trustee or nor any Authenticating Agent assumes no any responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of this Indenture or of the Securities or coupons, except that the Trustee represents that it is duly authorized to execute and deliver this Indenture, authenticate the Securities and perform its obligations hereunder and that the statements made by it in a Statement of Eligibility and Qualification on Form T-1 supplied to PEC the Issuer are true and accuratecorrect, subject to the qualifications set forth therein. The Neither the Trustee or nor any Authenticating Agent shall not be accountable for the use or application by PEC the Issuer of Securities or the proceeds thereof.