Exhibit 3.4
AMENDMENT NO. 1
TO THE
AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT
OF
DTE ELECTRIC SECURITIZATION FUNDING I LLC
This Amendment No. 1 to the Amended and Restated Limited Liability Company Agreement of DTE Electric Securitization Funding I LLC (the “Company”), dated as of March 16, 2022 (this “Amendment”), is made and entered into by DTE Electric Company, as the sole equity member. Capitalized terms used herein and not otherwise defined are used as defined in the LLC Agreement (as defined below).
W I T N E S S E T H
WHEREAS, the Company is a Delaware limited liability company that was formed under the Delaware Limited Liability Company Act, 6 Del. C. § 18-101, et seq. (the “Act”), and is currently governed by the Amended and Restated Limited Liability Company Agreement of the Company, dated as of March 9, 2022 (the “LLC Agreement”);
WHEREAS, DTE Electric Company is the sole member of the Company;
WHEREAS, the undersigned desires to amend the LLC Agreement as set forth herein, and any conditions to amending the LLC Agreement set forth in the LLC Agreement have been satisfied; and
WHEREAS, no Securitization Bonds (as defined in the LLC Agreement) are Outstanding (as defined in the LLC Agreement).
NOW, THEREFORE, intending to be legally bound, the undersigned hereby agrees as follows:
I. AMENDMENTS.
A. Section 1.02(a) of the LLC Agreement is hereby amended and restated in its entirety to read as follows:
“(a) The sole Member of the Company shall be DTE Electric Company, a Michigan corporation, or any successor as sole member pursuant to Sections 1.02(c), 6.06 and 6.07. The registered office and registered agent of the Company in the State of Delaware as of the date hereof are Corporation Service Company, 251 Little Falls Drive, Wilmington, New Castle County, Delaware 19808. The Member may change said registered office and agent from one location to another in the State of Delaware. The Member shall provide notice of any such change to each Indenture Trustee.”
