Description of the Bonds. The Company has authorized the issuance and sale of $175,000,000 aggregate principal amount of its First Mortgage Bonds, 6.05% Series due January 15, 2038 (the “Bonds”), to be issued under and secured by (i) the Indenture, dated as of April 1, 1993 (the “Indenture”), made by the Company to The Bank of New York Mellon Trust Company, N.A., successor to NationsBank of Georgia, National Association, as trustee (the “Trustee”), and (ii) a Second Supplemental Indenture from the Company to the Trustee (hereinafter called the “Supplemental Indenture”), dated as of June 15, 1993 (the Indenture as so supplemented being hereinafter collectively referred to as the “Indenture as Supplemented”). The Bonds are being issued under the Indenture as Supplemented on the basis of property additions certified to the Trustee and made by the Company the basis for such issuance. The Bonds shall be dated, shall mature, shall bear interest, shall be payable and shall otherwise conform to the description thereof to be contained in the Disclosure Package relating to the Bonds referred to in Section 2(c) hereof and the Prospectus relating to the Bonds referred to in Section 2(a) hereof and to the provisions of the Indenture as Supplemented. No amendment to the Indenture as Supplemented is to be made prior to the Closing Date hereinafter referred to unless said amendment is first approved by you.
Description of the Bonds. The Bonds will be issued pursuant to an indenture to be dated as of November 24, 2021, as supplemented by one or more series supplements thereto (as so supplemented, the “Indenture”), between the Issuer and The Bank of New York Mellon Trust Company, National Association as indenture trustee (the “Indenture Trustee”). The Bonds will be senior secured obligations of the Issuer and will be supported by storm recovery property (as more fully described in the irrevocable financing order by the North Carolina Utilities Commission (“NCUC”) to the Depositor dated May 10, 2021, relating to the Bonds, which was clarified and corrected by the NCUC in an Order Clarifying and Correcting Financing Order on July 13, 2021 (the “Financing Order”), (the “Storm Recovery Property”), to be sold to the Issuer by the Depositor pursuant to the Storm Recovery Property Purchase and Sale Agreement, to be dated on or about November 24, 2021 between the Depositor and the Issuer (the “Sale Agreement”). The Storm Recovery Property securing the Bonds will be serviced pursuant to the Storm Recovery Property Servicing Agreement, to be dated on or about November 24, 2021 between the Depositor, as servicer, and the Issuer, as owner of the Storm Recovery Property sold to it pursuant to the Sale Agreement (the “Servicing Agreement”).
Description of the Bonds. The Bonds [of each series] will be a series of First Mortgage Bonds issued by FPL under its Mortgage and Deed of Trust, dated as of January 1, 1944, to Deutsche Bank Trust Company Americas (formerly known as Bankers Trust Company), as Trustee (the “Mortgage Trustee”), and The Florida National Bank of Jacksonville (now resigned), as heretofore supplemented and as it will be further supplemented by a supplemental indenture relating to the Bonds (the “Supplemental Indenture”) in substantially the form heretofore delivered to the Representatives. Such Mortgage and Deed of Trust as it has been and will be so supplemented is hereinafter called the “Mortgage.”
Description of the Bonds. The Bonds will be issued pursuant to an indenture to be dated as of November 12, 2021, as supplemented by one or more series supplements thereto (as so supplemented, the “Indenture”), between the Issuer and The Bank of New York Mellon Trust Company, National Association, as indenture trustee (the “Indenture Trustee”) and as securities intermediary (the “Securities Intermediary”). The Bonds will be senior secured obligations of the Issuer and will be supported by recovery property (as more fully described in the Financing Order issued on June 24, 2021 (the “Financing Order”) by the California Public Utilities Commission (“CPUC”) relating to the Bonds, “Recovery Property”), to be sold to the Issuer by PG&E pursuant to the Recovery Property Purchase and Sale Agreement, to be dated on or about November 12, 2021, between PG&E and the Issuer (the “Sale Agreement”). The Recovery Property securing the Bonds will be serviced pursuant to the Recovery Property Servicing Agreement, to be dated on or about November 12, 2021, between PG&E, as servicer, and the Issuer, as owner of the Recovery Property sold to it pursuant to the Sale Agreement (the “Servicing Agreement”).
Description of the Bonds. The Company has authorized the issuance and sale of $250,000,000 principal amount of its First Mortgage Bonds, 5.25% Series due November 1, 2018 (the "Bonds"), to be issued under and secured by (i) the Indenture, dated as of April 1, 1993 (the "Indenture"), made by the Company to The Bank of New York, successor to NationsBank of Georgia, National Association, as trustee (the "Trustee"), and (ii) a Second Supplemental Indenture from the Company to the Trustee (hereinafter called the "Supplemental Indenture"), dated as of June 15, 1993 (the Indenture as so supplemented being hereinafter collectively referred to as the "Indenture as Supplemented"). The Bonds are being issued under the Indenture as Supplemented on the basis of a like principal amount of the Company's First and Refunding Mortgage Bonds (the "Class A Bonds"), issued or to be issued under the Company's Indenture dated as of January 1, 1945, as supplemented (the "Class A Mortgage"), to JPMorgan Chase Bank, successor to Central Hanover Bank and Trust Company, as trustee, delivered to and held by the Trustee under the Indenture as Supplemented. The Class A Mortgage constitutes, subject to certain exceptions, a first mortgage lien on substantially all of the public utility properties of the Company. The Bonds shall be dated, shall mature, shall bear interest, shall be payable and shall otherwise conform to the description thereof to be contained in the Prospectus relating to the Bonds referred to in Section 2(a) hereof and to the provisions of the Indenture as Supplemented. No amendment to the Indenture as Supplemented is to be made prior to the Closing Date hereinafter referred to unless said amendment is first approved by you.
Description of the Bonds. The Bonds will be issued pursuant to an indenture to be dated as of [ ], 2014, as supplemented by one or more series supplements thereto (as so supplemented, the “Indenture”), between the Issuer and The Bank of New York Mellon, as trustee (the “Indenture Trustee”). The Bonds will be senior secured obligations of the Issuer and will be supported by securitization property (as more fully described in the Financing Order (as defined below) relating to the Bonds, “Securitization Property”), to be sold to the Issuer by Consumers pursuant to the Securitization Property Purchase and Sale Agreement, to be dated as of [ ], 2014, between Consumers and the Issuer (the “Sale Agreement”). The Securitization Property securing the Bonds will be serviced pursuant to the Securitization Property Servicing Agreement, to be dated as of [ ], 2014, between Consumers, as servicer, and the Issuer, as owner of the Securitization Property sold to it pursuant to the Sale Agreement (the “Servicing Agreement”).
Description of the Bonds. The Bonds will be issued pursuant to an indenture to be dated as of [______________], 2007, as supplemented by one or more series supplemental thereto (as so supplemented, the “Indenture”), between the Issuer and U.S. Bank National Association, as indenture trustee (the “Indenture Trustee”). Mon Power will transfer the Environmental Control Property to MP Renaissance pursuant to the Environmental Control Property Transfer Agreement, to be dated on or about [_____________], 2007, between MP Renaissance and Mon Power (the “Transfer Agreement”). The Bonds will be obligations of the Issuer and will be supported by the transferred Environmental Control Property (“Transferred Environmental Control Property”), to be sold to the Issuer by MP Renaissance pursuant to the Transferred Environmental Control Property Sale Agreement, to be dated on or about [_____________], 2007, between MP Renaissance and the Issuer (the “Sale Agreement”). The Transferred Environmental Control Property will be serviced pursuant to the Transferred Environmental Control Property Servicing Agreement, to be dated on or about [____________], 2007, between Mon Power, as servicer, and the Issuer, as owner of the Transferred Environmental Control Property sold to it pursuant to the Sale Agreement (the “Servicing Agreement”).
Description of the Bonds. The issuance of the Bonds is authorized by the Council Resolution No. X-00-000, Xxxxxx Xx. XX-00-00 (Xxxxx II) (the “Financing Order”), issued by the Council of the City of New Orleans (the “Council”) on May 14, 2015 in accordance with the Louisiana Electric Utility Storm Recovery Securitization Act, codified at Louisiana Revised Statutes 45:1226-1236 (the “Financing Act”). The Bonds will be issued pursuant to an indenture to be dated as of July 22, 2015, as supplemented by a series supplement thereto relating to the Bonds (as so supplemented, the “Indenture”), between the Issuer and The Bank of New York Mellon, as indenture trustee (the “Indenture Trustee”) and securities intermediary. The Bonds will be senior secured obligations of the Issuer and will be secured by storm recovery property (as more fully described in the Financing Order and as defined in the Sale Agreement (as defined below), the “Storm Recovery Property”) to be sold to the Issuer by ENO pursuant to the Storm Recovery Property Purchase and Sale Agreement, to be dated on or about July 22, 2015, between ENO and the Issuer (the “Sale Agreement”). The Storm Recovery Property securing the Bonds will be serviced pursuant to the Storm Recovery Property Servicing Agreement, to be dated on or about July 22, 2015 (the “Servicing Agreement”), between ENO, as servicer, and the Issuer, as owner of the Storm Recovery Property sold to it pursuant to the Sale Agreement.
Description of the Bonds. Bonds: $6,341,135 Enhanced Custody Receipts, Series 2008 CDB-2E, relating to $6,804,815 Unenhanced Custody Receipts, Series 2008 CDB-2U, evidencing an interest in Multifamily Mortgage Revenue Refunding Bonds 2001 Series I (Fairmont Oaks Apartments)3 Issuer: Florida Housing Finance Corporation Credit Enhancer (Principal Credit Source): Bank of America, N.A. Credit Enhancement: Irrevocable Direct Pay Letter of Credit No. 3094317, dated July 3, 2008. Custody Agreement: Enhancement Custodial Agreement, dated as of July 3, 2008, with respect to the Enhanced Custody Receipts, Series 2008 CDB-2E, among Deutsche Bank Trust Company Americas, as custodian, Bank of America, N.A., as administrator.4 Principal Coverage Factor: 100% Credit Enhancement Stated Expiration Date: July 2, 2009 (subject to extension)
Description of the Bonds. The Bonds will be issued pursuant to the Indenture dated as of April 11, 2007, as supplemented by one or more series supplements thereto (as so supplemented, the “Indenture”), between the Issuer and U.S. Bank National Association, as indenture trustee (the “Indenture Trustee”). The Bonds will be obligations of the Issuer and will be supported by the environmental control property (as more fully described in the Financing Order relating to the Bonds, the “Environmental Control Property”), to be sold to the Issuer by Mon Power pursuant to the Environmental Control Property Sale Agreement, to be
