Pledge to the Indenture Trustee. The Seller hereby acknowledges and consents to any pledge and grant of a security interest by the Issuer to the Indenture Trustee pursuant to the Indenture for the benefit of the Storm Recovery Bondholders of all right, title and interest of the Issuer in, to and under this Agreement and the Storm Recovery Property and the proceeds thereof and the pledge of any or all of the Issuer’s rights hereunder to the Indenture Trustee.
Appears in 3 contracts
Sources: Storm Recovery Property Sale Agreement (SWEPCO Storm Recovery Funding LLC), Storm Recovery Property Sale Agreement (SWEPCO Storm Recovery Funding LLC), Storm Recovery Property Sale Agreement (SWEPCO Storm Recovery Funding LLC)