Common use of Satisfaction and Discharge of Indenture; Defeasance Clause in Contracts

Satisfaction and Discharge of Indenture; Defeasance. (a) The Transition Bonds of any Series, all moneys payable with respect thereto and this Indenture as it applies to such Series shall cease to be of further effect and the Lien hereunder shall be released with respect to such Series, interest shall cease to accrue on the Transition Bonds of such Series and the Trustee, on written demand of and at the expense of the Issuer, shall execute proper instruments acknowledging satisfaction and discharge of this Indenture with respect to the Transition Bonds of such Series, when

Appears in 4 contracts

Samples: Indenture (JCP&L Transition Funding II LLC), JCP&L Transition Funding II LLC, Indenture (Jcp&l Transition Funding LLC)

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Satisfaction and Discharge of Indenture; Defeasance. (a) The Transition Bonds of any Series, all moneys payable with respect thereto and this Indenture as it applies to such Series shall cease to be of further effect and the Lien hereunder shall be released with respect to such Series, interest shall cease to accrue on the Transition Bonds of such Series and the Trustee, on written demand of and at the expense of the Issuer, shall execute proper instruments acknowledging satisfaction and discharge of this Indenture with respect to the Transition Bonds of such Series, when

Appears in 4 contracts

Samples: Pse&g Transition Funding LLC, Pp&l Transition Bond Co Inc, Pse&g Transition Funding LLC

Satisfaction and Discharge of Indenture; Defeasance. (a) The Transition Bonds of any Series, all moneys payable with respect thereto and this Indenture as it applies to such Series shall cease to be of further effect and the Lien hereunder shall be released with respect to such Series, interest Interest shall cease to accrue on the Transition Bonds of such Series and the Trustee, on written demand of and at the expense of the Issuer, shall execute proper instruments acknowledging satisfaction and discharge of this Indenture with respect to the Transition Bonds of such Series, when

Appears in 2 contracts

Samples: Transition Property Servicing Agreement (CenterPoint Energy Transition Bond CO II, LLC), Sale Agreement (CenterPoint Energy Transition Bond CO II, LLC)

Satisfaction and Discharge of Indenture; Defeasance. (a) The Transition Bonds of any Series, all moneys payable payment obligations with respect thereto and this Indenture as it applies to such Series shall cease to be of further effect and the Lien hereunder shall be released with respect to such Series, interest shall cease to accrue on the Transition Bonds of such Series and the Trustee, on written demand of and at the expense of the Issuer, shall execute proper instruments acknowledging satisfaction and discharge of this Indenture with respect to the Transition Bonds of such Series, when:

Appears in 1 contract

Samples: Indenture (Atlantic City Electric Transition Funding LLC)

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Satisfaction and Discharge of Indenture; Defeasance. (a) The Transition Bonds of any Series, all moneys payable payment obligations with respect thereto and this Indenture as it applies to such Series shall cease to be of further effect and the Lien hereunder shall be released with respect to such Series, interest shall cease to accrue on the Transition Bonds of such Series and the Trustee, on written demand of and at the expense of the Issuer, shall execute proper instruments acknowledging satisfaction and discharge of this Indenture with respect to the Transition Bonds of such Series, when:

Appears in 1 contract

Samples: Sale Agreement, Servicing Agreement (Atlantic City Electric Transition Funding LLC)

Satisfaction and Discharge of Indenture; Defeasance. (a) The Transition Bonds of any Series, all moneys payable with respect thereto and this Indenture as it applies to such Series shall cease to be of further effect and the Lien lien hereunder shall be released with respect to such Series, interest shall cease to accrue on the Transition Bonds of such Series and the Bond Trustee, on written demand of and at the expense of the Issuer, shall execute proper instruments acknowledging satisfaction and discharge of this Indenture with respect to the Transition Bonds of such Series, whenproper

Appears in 1 contract

Samples: Series Supplement (West Penn Funding LLC)

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