Initial Transition Property definition

Initial Transition Property means the Transition Property described in the Sale Agreement.

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Initial Transition Property means all Transition Property created in favor of the Issuer pursuant to the Initial Financing Order, including the right to impose, collect and receive the Transition Charges authorized in the Initial Financing Order.

Initial Transition Property means all Transition Property created in favor of the Note Issuer pursuant to the Initial Financing Order, including [insert text from Initial Financing Order].

Examples of Initial Transition Property in a sentence

The Initial Transition Bond Issuer, the Initial Transition Bond Trustee, the Initial TC Servicer, the Additional Transition Bond Issuer, the Additional Transition Bond Trustee, and the Additional TC Servicer each acknowledge that collections with respect to the Initial Transition Property and the Additional Transition Property may from time to time be deposited into one or more designated accounts of the Utility (the “Deposit Accounts”).
The Initial Parties, the First Additional Parties and the Second Additional Parties each acknowledge that collections with respect to the Initial Transition Property, the First Additional Transition Property and the Second Additional Transition Property may from time to time be deposited into one or more designated accounts of the Company (the “Deposit Accounts”).
The Seller agrees and confirms that upon payment of the Initial Purchase Price and the execution and delivery of this Agreement and the related ▇▇▇▇ of Sale, the sale, transfer and assignment hereunder shall be effective and the Seller shall have no right, title or interest in, to or under the Initial Transition Property.
Such sale, transfer, assignment, setting over and conveyance of the Initial Transition Property is hereby expressly stated to be a sale or other absolute transfer and, pursuant to Section 39.308 of the Texas Electric Choice Plan and other applicable law, is a true sale and is not a secured transaction and title, legal and equitable, has passed to the Issuer.
Each of the Initial Transition Bond Issuer, the Initial Transition Bond Trustee, the Initial TC Servicer, the Additional Transition Bond Issuer, the Additional Transition Bond Trustee and the Additional TC Servicer acknowledges that Collections with respect to the Initial Transition Property and the Additional Transition Property may from time to time be deposited into one or more designated accounts of the Utility (the “Deposit Accounts”).

More Definitions of Initial Transition Property

Initial Transition Property means the Transition Property identified in the ▇▇▇▇ of Sale delivered pursuant to Section 2.01(a) on or prior to the Initial Transfer Date and purchased by the Issuer from the Seller as of the Initial Transfer Date pursuant to the Sale Agreement.