Common use of Pledge to the Indenture Trustee Clause in Contracts

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 Holders of all right, title and interest of the Issuer in, to and under the Securitized Utility Tariff Property and the proceeds thereof and the pledge of any or all of the Issuer’s rights hereunder to the Indenture Trustee. Notwithstanding such pledge, in no event shall the Indenture Trustee have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer hereunder or in any of the certificates, notices or agreements delivered pursuant hereto, as to all of which recourse shall be had solely to the assets of the Issuer.