Common use of MUTUALLY AGREED THAT Clause in Contracts

MUTUALLY AGREED THAT. 1. This Mortgage and the Collateral Agent's rights hereunder are and shall be at all times hereafter subject to the Collateral Agency Agreement, where applicable, and junior to the WMECO Indenture, and to any and all modifications and amendments thereof, and indentures supplemental thereto, including, without limiting the generality of the foregoing, a modification, amendment, or supplemental indenture which provides for the incurrence of additional indebtedness to be secured by the WMECO Indenture. Although the provisions of this paragraph shall be automatic and self-operative, and no further instrument shall be required, the Collateral Agent, upon request at any time and from time to time of the Mortgagor or the first mortgage indenture trustee under the WMECO Indenture, shall promptly execute and deliver to the requesting party an instrument in recordable form and satisfactory in substance to the requesting party, subjecting the Collateral Agent's rights under this Mortgage to the WMECO Indenture and/or to any such modification, amendment, and/or supplemental indenture, and the Collateral Agent further appoints the Mortgagor as the Collateral Agent's attorney-in- fact with full power and authority to execute and deliver in the name of the Collateral Agent any such instrument.

Appears in 2 contracts

Samples: Open End Mortgage (Northeast Utilities System), Open End Mortgage (Northeast Utilities System)

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MUTUALLY AGREED THAT. 1. This Mortgage and the Collateral Agent's rights hereunder are and shall be at all times hereafter subject to the Collateral Agency Agreement, where applicable, and junior to the WMECO CL&P Indenture, and to any and all modifications and amendments thereof, and indentures supplemental thereto, including, without limiting the generality of the foregoing, a modification, amendment, or supplemental indenture which provides for the incurrence of additional indebtedness to be secured by the WMECO CL&P Indenture. Although the provisions of this paragraph shall be automatic and self-operative, and no further instrument shall be required, the Collateral Agent, upon request at any time and from time to time of the Mortgagor or the first mortgage indenture trustee under the WMECO CL&P Indenture, shall promptly execute and deliver to the requesting party an instrument in recordable form and satisfactory in substance to the requesting party, subjecting the Collateral Agent's rights under this Mortgage to the WMECO CL&P Indenture and/or to any such modification, amendment, and/or supplemental indenture, and the Collateral Agent further appoints the Mortgagor as the Collateral Agent's attorney-in- fact with full power and authority to execute and deliver in the name of the Collateral Agent any such instrument.

Appears in 1 contract

Samples: Open End Mortgage (Northeast Utilities System)

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MUTUALLY AGREED THAT. 1. This Mortgage and the Collateral Agent's rights hereunder are and shall be at all times hereafter subject to the Collateral Agency Agreement, where applicable, and junior to the WMECO CL&P Indenture, and to any and all modifications and amendments thereof, and indentures supplemental thereto, including, without limiting the generality of the foregoing, a modification, amendment, or supplemental indenture which provides for the incurrence of additional indebtedness to be secured by the WMECO CL&P Indenture. Although the provisions of this paragraph shall be automatic and self-operative, and no further instrument shall be required, the Collateral Agent, upon request at any time and from time to time of the Mortgagor or the first mortgage indenture trustee under the WMECO CL&P Indenture, shall promptly execute and deliver to the requesting party an instrument in recordable form and satisfactory in substance to the requesting party, subjecting the Collateral Agent's rights under this Mortgage to the WMECO CL&P Indenture and/or to any such modification, amendment, and/or supplemental indenture, and the Collateral Agent further appoints the Mortgagor as the Collateral Agent's attorney-in- in-fact with full power and authority to execute and deliver in the name of the Collateral Agent any such instrument.

Appears in 1 contract

Samples: Open End Mortgage (Northeast Utilities System)

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