Commonwealth Pledge Sample Clauses

Commonwealth Pledge. Pursuant to Va. Code § 56-249.6:2 J 1, the Commonwealth of Virginia and its agencies, including the Commission, have pledged and agreed with Holders, the Indenture Trustee and other Financing Parties that the Commonwealth and its agencies, including the Commission, will not (a) alter the provisions of the Deferred Fuel Cost Statute that authorize the Commission to create an irrevocable contract right or chose in action by the issuance of the Financing Order, to create the Deferred Fuel Cost Property and to make the Deferred Fuel Cost Charges irrevocable, binding or nonbypassable charges; (b) take or permit any action that impairs or would impair the value of the Deferred Fuel Cost Property or the security for the Deferred Fuel Cost Bonds or revises the Deferred Fuel Costs for which recovery is authorized; (c) in any way impair the rights and remedies of the Holders, the Issuer or other Financing Parties; or (d) except for changes made pursuant to the formula-based adjustment mechanism authorized under the Deferred Fuel Cost Statute, reduce, alter or impair the Deferred Fuel Cost Charges to be imposed, billed, charged, collected and remitted for the benefit of Holders until any and all principal, interest, premium, financing costs and other fees, expenses or charges incurred and contracts to be performed in connection with the Deferred Fuel Cost Bonds are paid and performed in full. The Issuer hereby acknowledges that the purchase of any Deferred Fuel Cost Bond by a Holder or the purchase of any beneficial interest in a Deferred Fuel Cost Bond by any Person and the Indenture Trustee’s obligations to perform hereunder are made in reliance on the Commonwealth Pledge.
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Commonwealth Pledge. Certificates and Notes Not Obligations of The Commonwealth of Massachusetts, Agencies or Seller Section 10.02. Limitation on Rights of Certificateholders Section 10.03. No Recourse to Certificate Issuer Section 10.04. Certificates Nonassessable and Fully Paid Section 10.05. Notices Section 10.06. Governing Law Section 10.07. Severability of Provisions Section 10.08. Conflict With Trust Indenture Act Section 10.09. Effect of Headings and Table of Contents Section 10.10. Successors and Assigns; Delegation Section 10.11. Benefits of Certificate Indenture Section 10.12. Legal Holidays Section 10.13. Counterparts Section 10.14. The Delaware Trustee Section 10.15. Nonpetition Covenants CERTIFICATE INDENTURE, dated as of May 17, 2001, between MASSACHUSETTS RRB SPECIAL PURPOSE TRUST WMECO-1, a Delaware business trust (the "Certificate Issuer") formed under the Declaration of Trust, THE BANK OF NEW YORK (DELAWARE), as Delaware trustee (the "Delaware Trustee"), and THE BANK OF NEW YORK, as certificate trustee (the "Certificate Trustee").
Commonwealth Pledge. Certificates and Notes Not Obligations of The Commonwealth of Massachusetts, Agencies or Seller....................................47 Section 10.02. Limitation on Rights of Certificateholders...........................................48 Section 10.03. No Recourse to Certificate Issuer....................................................48 Section 10.04. Certificates Nonassessable and Fully Paid............................................48 Section 10.05. Notices..............................................................................48 Section 10.06. Governing Law........................................................................52

Related to Commonwealth Pledge

  • Virginia If any promise made in the contract has been denied or has not been honored within 60 days after Your request, You may contact the Virginia Department of Agriculture and Consumer Services, Office of Charitable and Regulatory Programs at xxx.xxxxx.xxxxxxxx.xxx/xxxx-xxxxxxxx-xxxxxxx-xxxxxxxx-xxxxxxxxx.xxxxx to file a complaint.

  • Maryland CANCELLATION section is amended as follows: A ten percent (10%) penalty per month shall be applied to refunds not paid or credited within forty-five (45) days of receipt of returned Service Agreement.

  • Requirements of the State of Kansas 1. The contractor shall observe the provisions of the Kansas Act against Discrimination (Kansas Statutes Annotated 44-1001, et seq.) and shall not discriminate against any person in the performance of work under the present contract because of race, religion, color, sex, disability, and age except where age is a bona fide occupational qualification, national origin or ancestry; 2. In all solicitations or advertisements for employees, the contractor shall include the phrase, "Equal Opportunity Employer", or a similar phrase to be approved by the "Kansas Human Rights Commission"; 3. If the contractor fails to comply with the manner in which the contractor reports to the "Kansas Human Rights Commission" in accordance with the provisions of K.S.A. 1976 Supp. 44-1031, as amended, the contractor shall be deemed to have breached this contract and it may be canceled, terminated or suspended in whole or in part by the contracting agency; 4. If the contractor is found guilty of a violation of the Kansas Act against Discrimination under a decision or order of the "Kansas Human Rights Commission" which has become final, the contractor shall be deemed to have breached the present contract, and it may be canceled, terminated or suspended in whole or in part by the contracting agency; 5. The contractor shall include the provisions of Paragraphs 1 through 4 inclusive, of this Subsection B, in every subcontract or purchase so that such provisions will be binding upon such subcontractor or vendor.

  • South Carolina If You purchased this Agreement in South Carolina, complaints or questions about this Agreement may be directed to the South Carolina Department of Insurance, P.O. Box 100105, Columbia, South Carolina 00000-0000, telephone number 000-000-0000. CANCELLATION section is amended as follows: A ten percent (10%) penalty per month shall be applied to refunds not paid or credited within thirty (30) days of receipt of returned Service Agreement.

  • Michigan If performance under this Agreement is interrupted because of a strike or work stoppage at Our place of business, the effective period of the Agreement shall be extended for the period of the strike or work stoppage.

  • Utah This Agreement is subject to limited regulation by the Utah Insurance Department. To file a complaint, contact the Utah Insurance Department. Coverage afforded under this Agreement is not guaranteed by the Utah Property and Casualty Guaranty Association. Proof of loss should be furnished by You to the Administrator as soon as reasonably possible. Failure to furnish such notice or proof within the time required by this Agreement does not invalidate or reduce a claim. CANCELLATION section is amended as follows: We can cancel this Agreement during the first sixty (60) days of the initial annual term by mailing to You a notice of cancellation at least thirty (30) days prior to the effective date of cancellation except that We can also cancel this Agreement during such time period for non-payment of premium by mailing You a notice of cancellation at least ten (10) days prior to the effective date of cancellation. After sixty (60) days have elapsed, We may cancel this Agreement by mailing a cancellation notice to You at least ten (10) days prior to the cancellation date for non-payment of premium and thirty (30) days prior to the cancellation date for any of the following reasons: (a) material misrepresentation, (b) substantial change in the risk assumed, unless the We should reasonably have foreseen the change or contemplated the risk when entering into the Agreement or (c) substantial breaches of contractual duties, conditions, or warranties. The notice of cancellation must be in writing to You at Your last known address and contain all of the following: (1) the Agreement number, (2) the date of notice, (3) the effective date of the cancellation and, (4) a detailed explanation of the reason for cancellation. Any matter in dispute between You and the company may be subject to arbitration as an alternative to court action pursuant to the rules of (the American Arbitration Association or other recognized arbitrator), a copy of which is available on request from the company. Any decision reached by arbitration shall be binding upon both You and the company. The arbitration award may include attorney's fees if allowed by state law and may be entered as a judgment in any court of proper jurisdiction.

  • Massachusetts CANCELLATION section is amended as follows: The provider shall mail a written notice to the Service Agreement Holder, including the effective date of the cancellation and the reason for the cancellation at the last known address of the Service Agreement Holder contained in the records of the provider at least five (5) days prior to cancellation by the provider unless the reason for cancellation is nonpayment of the provider fee, material misrepresentation or a substantial breach of duties by the Service Agreement Holder relating to the Covered Product or its use. A ten percent (10%) penalty per month shall be applied to refunds not paid or credited within thirty (30) days of receipt of returned Service Agreement.

  • Nevada CANCELLATION section is amended as follows: No claim incurred or paid will be deducted from the amount to be returned in the event of cancellation. We may not cancel this Agreement without providing You with written notice at least fifteen (15) days prior to the effective date of cancellation. Such notice shall include the effective date of cancellation and the reason for cancellation. A ten percent (10%) penalty per month shall be applied to refunds not paid or credited within thirty (30) days of receipt of returned service Agreement. ARBITRATION section of this Agreement is removed. In emergency situations that defects immediately endanger the health and safety of You, repairs will commence within 24 hours after the report of the claim and will be completed as soon as reasonably practicable thereafter; and if We determine that repairs cannot practicably be completed within three (3) calendar days after the report of the claim, We will provide a status report to You no later than three (3) calendar days after the report of the claim that will include: 1) A list of the required repairs or services, 2) the primary reason causing the required repairs or services to extend beyond the three

  • Georgia Coverage is effective upon the expiration of the shortest portion of the manufacturer’s warranty. In the “WHAT IS NOT COVERED” section of this Agreement, exclusion (E) is removed and replaced with: Any and all pre-existing conditions known by You that occur prior to the effective date of this Agreement and/or any sold “AS- IS” including but not limited to floor models, demonstration models, etc. CANCELLATION section is amended as follows: If You cancel after thirty (30) days of receipt of Your Agreement, You will receive a pro rata refund of the Agreement price. In the event of cancellation by US, notice of such cancellation will be in writing and given at least thirty (30) days prior to cancellation. Cancellation will comply with Section 33-24-44 of the Code of Georgia. Claims paid and cancellation fees shall not be deducted from any refund owed as a result of cancellation. Any refund owed and not paid as required is subject to a penalty equal to twenty-five percent (25%) of the refund owed and interest of eighteen percent (18%) per year until paid; however, such penalty shall not exceed fifty percent (50%) of the amount of the refund. We may not cancel this Agreement except for fraud, material misrepresentation, or non-payment by You. ARBITRATION section of this Agreement is removed.

  • State of Texas Franchise Tax By signature hereon, Vendor hereby certifies that Vendor is not currently delinquent in the payment of any franchise taxes owed to the State of Texas under Chapter 171 of the Texas Tax Code.

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