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 Bond Trustee, on 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

Satisfaction and Discharge of Indenture; Defeasance. (a) The Transition Securitization 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 Securitization Bonds of such Series and the Bond Trustee, on 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 Securitization Bonds of such Series, when

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 Bond Trustee, on reasonable 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