Authorization; Designation. The issuance of the Certificates is hereby authorized and the Certificates shall be designated generally as the Massachusetts RRB Special Purpose Trust WMECO-1 Rate Reduction Certificates (the "Certificates"), and further designated as Class A-1. Each such Class shall be in an aggregate principal amount equal to the corresponding Class of Notes as set forth in the Note Purchase Agreement.
Authorization; Designation. The issuance of the Bonds in an aggregate -------------------------- initial principal amount of $__________ is hereby authorized and the Bonds shall be designated as the PSNH Funding LLC 2 Rate Reduction Bonds, Series 0000-0 (xxx "Xxxxx"), and further denominated as Class A-1.
Authorization; Designation. The issuance of the Certificates is hereby authorized and the Certificates shall be designated generally as the FirstEnergy Ohio PIRB Special Purpose Trust 2013 Certificates (the “Certificates”), and further designated as Tranches A-1, A-2 and A-3. Each such Tranche shall be in an aggregate principal amount equal to the aggregate of the corresponding Tranche of Bonds set forth in each of the Bond Purchase Agreements. Holders of each Tranche of Certificates will receive payments received by the Certificate Issuer on the corresponding Tranche of Bonds of each Bond Issuer (with payments of principal due and payable on the Bonds of a Bond Issuer as a result of an Event of Default (assuming all Bonds have been declared immediately due and payable) under that Bond Issuer’s Bond Indenture, or upon the Final Maturity Date, to be paid pro rata based on the respective principal amounts of such Bonds). Certificateholders may also receive payments as a result of a sale by the Certificate Trustee of any Bond pursuant to Article V hereof or as a result of the institution by the Certificate Trustee of a judicial proceeding pursuant to Section 5.03. Such payments shall be allocated in accordance with Section 4.02(c). Separate and distinct records (including tax records) shall be maintained by the Certificate Issuer for each Tranche of Certificates and the corresponding Tranches of Bonds associated with each such Tranche of Certificates shall be held, maintained and accounted for separately from the Tranches of Bonds corresponding to any other Tranche of Certificates. Except as set forth above, the payments received on the Tranches of Bonds corresponding to each Tranche of Certificates shall not be applied to payments with respect to any other Tranche of Certificates.
Authorization; Designation. The issuance of the Bonds in an aggregate initial principal amount of $232,046,000 is hereby authorized and the Bonds shall be designated as the CEI Funding LLC Bonds (the “Bonds”), and further denominated as Tranches A-1 through A-3.
Authorization; Designation. The issuance of the Certificates is hereby authorized and the Certificates shall be designated generally as the Connecticut RRB Special Purpose Trust CL&P-1 Rate Reduction Certificates (the "Certificates"), and further designated as Classes A-1 through A-5. Each such Class shall be in an aggregate principal amount equal to the corresponding Class of Notes as set forth in the Note Purchase Agreement.
Authorization; Designation. The issuance of the Notes in an aggregate initial principal amount of $155,000,000 is hereby authorized and the Notes shall be designated as the WMECO Funding LLC Notes (the "Notes"), and further denominated as Class A-1.
Authorization; Designation. The issuance of the Notes in an aggregate initial principal amount of $[ ] is hereby authorized and the Notes shall be designated as the BEC Funding LLC Notes (the "Notes"), and further denominated as Classes A-[ ] through A-[ ].
Authorization; Designation. The issuance of the Notes in an aggregate initial principal amount of $1,438,400,000 is hereby authorized and the Notes shall be designated as the CL&P Funding LLC Notes (the "Notes"), and further denominated as Classes A-1 through A-5.
Authorization; Designation. The issuance of the Notes in an aggregate initial principal amount of $265,500,000 is hereby authorized and the Notes shall be designated as the BEC Funding II, LLC Notes (the “Notes”), and further denominated as Classes A-1 through A-4.
Authorization; Designation. The issuance of the Notes in an aggregate initial principal amount of $409,000,000 is hereby authorized and the Notes shall be designated as the CEC Funding, LLC Notes (the “Notes”), and further denominated as Classes A-1 through A-4.
