The obligations, covenants and representations of Oncor and Oncor Holdings hereunder will not be effective unless and until the Bankruptcy Court enters an order approving the Merger Agreement, with the exception of the obligations undertaken in (i)  Section 2 ( Representations and Warranties ), (ii)  Section 3 ( Interim Operations ), (iii)  Section 5 ( Filings; Other Actions; Notifications ), (iv)  Section 11 ( Notice of Current Events ) and (v)  Section 16 ( Miscellaneous ) which will be effective as of the signing of this Letter Agreement.