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Document Preview Transition Property Purchase and Sale Agreement |
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Title: |
Transition Property Purchase and Sale Agreement |
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Entities: |
Oncor Electric Delivery Transition Bond Co LLC; Bank of New York |
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Date: |
2003 |
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Size: |
Preview shows 5KB of 88KB total |
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Price: |
$45 |
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ID: |
#1876656 |
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SERIES 2003-1
TRANSITION PROPERTY PURCHASE AND SALE AGREEMENT
BETWEEN
ONCOR ELECTRIC DELIVERY TRANSITION BOND COMPANY LLC
ISSUER
AND
ONCOR ELECTRIC DELIVERY COMPANY
SELLER
DATED AS OF JULY __, 2003
{PAGE}
TABLE OF CONTENTS
Page
ARTICLE I. DEFINITIONS.....................................................1
SECTION 1.01 Definitions...............................................1
SECTION 1.02 Other Definitional Provisions.............................2
ARTICLE II. CONVEYANCE OF THE SERIES 2003-1 TRANSITION PROPERTY.............3
SECTION 2.01 Conveyance of the Series 2003-1 Transition Property.......3
SECTION 2.02 Conveyance of Additional Transition Property..............3
SECTION 2.03 Conditions to Conveyance of the Series 2003-1
Transition Property.......................................3
ARTICLE III. REPRESENTATIONS AND WARRANTIES OF THE SELLER....................5
SECTION 3.01 Organization and Good Standing............................5
SECTION 3.02 Due Qualification.........................................5
SECTION 3.03 Power and Authority.......................................5
SECTION 3.04 Binding Obligation........................................5
SECTION 3.05 No Violation..............................................5
SECTION 3.06 No Proceedings............................................6
SECTION 3.07 Approvals.................................................6
SECTION 3.08 The Series 2003-1 Transition Property.....................6
SECTION 3.09 Limitations on Representations and Warranties............10
ARTICLE IV. COVENANTS OF THE SELLER........................................11
SECTION 4.01 Existence................................................11
SECTION 4.02 No Liens.................................................11
SECTION 4.03 Delivery of Collections..................................11
SECTION 4.04 Notice of Liens..........................................1l
SECTION 4.05 Compliance with Law......................................12
SECTION 4.06 Covenants Related to Bonds and the Series 2003-1
Transition Property......................................12
SECTION 4.07 Protection of Title......................................13
SECTION 4.08 Nonpetition Covenants....................................14
SECTION 4.09 Taxes....................................................14
SECTION 4.10 The Series 2003-1 Issuance Advice Letter.................14
SECTION 4.11 Tariff...................................................14
SECTION 4.12 Maintenance of Operations................................14
SECTION 4.13 Notice of Breach to Rating Agencies, Etc.................14
SECTION 4.14 Use of Proceeds..........................................14
SECTION 4.15 Further Assurances.......................................15
ARTICLE V. THE SELLER.....................................................15
SECTION 5.01 Liability of Seller; Indemnities.........................15
i
{PAGE}
SECTION 5.02 Merger, Conversion or Consolidation of, or
Assumption of the Obligations of, Seller.................17
SECTION 5.03 Conversion of the Seller to a Limited Liability
Company..................................................18
SECTION 5.04 Limitation on Liability of Seller and Others.............18
ARTICLE VI. MISCELLANEOUS PROVISIONS.......................................18
SECTION 6.01 Amendment................................................18
SECTION 6.02 PUCT Condition...........................................19
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