Creation of Storm Recovery Property. (i) For purposes of the Storm Recovery Law, the Storm Recovery Property constitutes a present property right that will continue to exist until the Storm Recovery Bonds issued pursuant to the Financing Order are paid in full and all Financing Costs of the Storm Recovery Bonds have been recovered in full; and
Appears in 10 contracts
Samples: Storm Recovery Property Purchase and Sale Agreement (Duke Energy Progress SC Storm Funding LLC), Storm Recovery Property Purchase and Sale Agreement (Duke Energy Progress SC Storm Funding LLC), Storm Recovery Property Purchase and Sale Agreement (Duke Energy Progress SC Storm Funding LLC)
