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Common use of Denominations: Storm Recovery Bonds Clause in Contracts

Denominations: Storm Recovery Bonds. The Storm Recovery Bonds shall be issuable in the Authorized Denominations specified in the Series Supplement. The Storm Recovery Bonds shall, at the election of and as authorized by a Responsible Officer of the Issuer, and set forth in the Series Supplement, be issued in one or more tranches, and shall be designated generally as the “Series 2022-A Senior Secured Storm Recovery Bonds” of the Issuer, with such further particular designations added or incorporated in such title for the Storm Recovery Bonds of any particular tranche as a Responsible Officer of the Issuer may determine. All Storm Recovery Bonds shall be identical in all respects except for the denominations thereof, the Holder thereof, the numbering thereon and the legends thereon, unless the Storm Recovery Bonds are comprised of one or more tranches, in which case all of the Storm Recovery Bonds of the same tranche shall be identical in all respects except for the denominations thereof, the Holder thereof, the numbering thereon, the legends thereon and the CUSIP number thereon. All Storm Recovery Bonds and of a particular tranche shall be in all respects equally and ratably entitled to the benefits hereof without preference, priority or distinction on account of the actual time or times of authentication and delivery, all in accordance with the terms and provisions of this Indenture. The Storm Recovery Bonds shall be created by the Series Supplement authorized by a Responsible Officer of the Issuer, which shall specify and establish the terms and provisions thereof, including the following (which terms and provisions may differ as between tranches): (a) designation of the tranches thereof; (b) the principal amount of each tranche; (c) the Bond Interest Rate of each tranche thereof or the formula, if any, used to calculate Bond Interest Rate or Bond Interest Rates for each tranche thereof; (d) the Payment Dates for each tranche thereof; (e) the Scheduled Payment Dates for each tranche; (f) the Scheduled Final Payment Date(s) of each tranche; (g) the Final Maturity Date of each tranche; (h) the authentication and delivery date; (i) the Authorized Denominations; (j) the Expected Sinking Fund Schedule of each tranche; (k) the place or places for the payment of interest, principal and premium, if different than set forth in Section 2.08; (l) any additional Holders; (m) the identity of the Indenture Trustee; (n) the Trust Estate; (o) whether or not the Storm Recovery Bonds are to be Book-Entry Storm Recovery Bonds and the extent to which Section 2.11 should apply; and (p) any other terms of the Storm Recovery Bonds (or tranches thereof) that are not inconsistent with the provisions of this Indenture.

Appears in 4 contracts

Samples: Indenture (Cleco Power LLC), Indenture (Cleco Power LLC), Indenture (Cleco Power LLC)

Denominations: Storm Recovery Bonds. The Storm Recovery Bonds shall be issuable in the Authorized Denominations specified in the Series Supplement. The Storm Recovery Bonds shall, at the election of and as authorized by a Responsible Officer of the Issuer, and set forth in the Series Supplement, be issued in one or more tranches, and shall be designated generally as the “Series 2022-A Senior Secured Storm Recovery Bonds” of the Issuer, with such further particular designations added or incorporated in such title for the Storm Recovery Bonds of any particular tranche as a Responsible Officer of the Issuer may determine. All Storm Recovery Bonds shall be identical in all respects except for the denominations thereof, the Holder thereof, the numbering thereon and the legends thereon, unless the such Storm Recovery Bonds are comprised of one or more tranches, in which case all of the such Storm Recovery Bonds of the same tranche shall be identical in all respects except for the denominations thereof, the Holder thereof, the numbering thereon, the legends thereon and the CUSIP number thereon. All Storm Recovery Bonds and of a particular tranche shall be in all respects equally and ratably entitled to the benefits hereof without preference, priority or distinction on account of the actual time or times of authentication and delivery, all in accordance with the terms and provisions of this Indenture. The Storm Recovery Bonds shall be created by the Series Supplement authorized by a Responsible Officer of the Issuer, which shall specify and establish the terms and provisions thereof, including the following (which terms and provisions may differ as between tranches): (a) designation of the tranches thereof; (b) the principal amount of each tranche; (c) the Bond Interest Rate of each tranche thereof or the formula, if any, used to calculate Bond Interest Rate or Bond Interest Rates for each tranche thereof; (d) the Payment Dates for each tranche thereof; (e) the Scheduled Payment Dates for each tranche; (f) the Scheduled Final Payment Date(s) of each tranche; (g) the Final Maturity Date of each tranche; (h) the authentication and delivery issuance date; (i) the Authorized Denominations; (j) the Expected Sinking Fund Schedule of each tranche; (k) the place or places for the payment of interest, principal and premium, if different than set forth in Section 2.08any; (l) any additional HoldersSecured Parties; (m) the identity of the Indenture Trustee; (n) the Trust EstateStorm Recovery Charges and the Storm Recovery Collateral; (o) whether or not the Storm Recovery Bonds are to be Book-Entry Storm Recovery Bonds and the extent to which Section 2.11 should apply; and (p) any other terms of the Storm Recovery Bonds (or tranches thereof) that are not inconsistent with the provisions of this IndentureIndenture and as to which the Rating Agency Condition is satisfied.

Appears in 4 contracts

Samples: Indenture (Duke Energy Progress NC Storm Funding LLC), Indenture (Duke Energy Progress NC Storm Funding LLC), Indenture (Duke Energy Carolinas NC Storm Funding LLC)

Denominations: Storm Recovery Bonds. The Storm Recovery Bonds shall be issuable in the Authorized Denominations specified in the Series SupplementMinimum Denomination. The Storm Recovery Bonds shall, at the election of and as authorized by a Responsible Officer of the Issuer, and set forth in the Series Supplement, shall be issued in one or more tranchesTranches, and shall be designated generally as the “Series 2022-A Senior Secured Storm Recovery Bonds” of the Issuer, with such further particular designations added or incorporated in such title for the Storm Recovery Bonds of any particular tranche such Tranche as a Responsible Officer of the Issuer may determine. All Storm Recovery Bonds shall be identical in all respects except for the denominations thereof, the Holder thereof, the numbering thereon and the legends thereon, unless the Storm Recovery Bonds are comprised of more than one or more tranchesTranche is issued, in which case all of the Storm Recovery Bonds of the same tranche Tranche shall be identical in all respects except for the denominations denomination thereof, the Holder thereof, the numbering thereon, the legends thereon and the CUSIP number thereon. All Storm Recovery Bonds and of a particular tranche Tranche shall be in all respects equally and ratably entitled to the benefits hereof without preference, priority priority, or distinction on account of the actual time or times of authentication and delivery, all in accordance with the terms and provisions of this Indenture. The Storm Recovery Bonds shall be created by the Series Supplement authorized by a Responsible Officer of the Issuer, which Series Supplement shall specify and establish the terms and provisions thereof, including the following (which terms and provisions . The several Tranches thereof may differ as between tranches):Tranches, in respect of any of the following matters: (a1) designation of the tranches Tranches thereof; (b2) the principal amount of each trancheamount; (c3) the Bond Interest Rate of each tranche thereof or the formula, if any, used to calculate Bond Interest Rate or Bond Interest Rates for each tranche thereofRate; (d4) the Payment Dates for each tranche thereofDates; (e5) the Scheduled Payment Dates for each trancheDates; (f6) the Scheduled Final Payment Date(s) of each trancheDate; (g7) the Final Maturity Date of each trancheDate; (h) the authentication and delivery date; (i) the Authorized Denominations; (j) the Expected Sinking Fund Schedule of each tranche; (k) 8) the place or places for the payment of interest, principal and premium, if different than any; (9) the Minimum Denominations; (10) the Expected Amortization Schedule; (11) provisions with respect to the definitions set forth in Section 2.08Appendix A hereto; (l) any additional Holders; (m) the identity of the Indenture Trustee; (n) the Trust Estate; (o12) whether or not the Storm Recovery Bonds are to be Book-Entry Storm Recovery Bonds and the extent to which Section 2.11 should apply; and (p13) any other provisions expressing or referring to the terms of and conditions upon which the Storm Recovery Bonds (or tranches thereof) of any Tranche are to be issued under this Indenture that are not inconsistent in conflict with the provisions of this IndentureIndenture and as to which the Rating Agency Condition is satisfied.

Appears in 3 contracts

Samples: Indenture (Entergy New Orleans Storm Recovery Funding I, L.L.C.), Indenture (Entergy New Orleans Storm Recovery Funding I, L.L.C.), Indenture (Entergy New Orleans Storm Recovery Funding I, L.L.C.)

Denominations: Storm Recovery Bonds. The Storm Recovery Bonds shall be issuable in the Authorized Denominations specified in the Series Supplement. The Storm Recovery Bonds shall, at the election of and as authorized by a Responsible Officer of the Issuer, and set forth in the Series Supplement, be issued in one or more tranchestranche, and shall be designated generally as the “Series 2022-A Senior Secured Storm Recovery Bonds” of the Issuer, with such further particular designations added or incorporated in such title for the Storm Recovery Bonds of any particular tranche as a Responsible Officer of the Issuer may determine. All Storm Recovery Bonds shall be identical in all respects except for the denominations thereof, the Holder thereof, the numbering thereon and the legends thereon, unless the Storm Recovery Bonds are comprised of one or more tranches, in which case all of the Storm Recovery Bonds of the same tranche shall be identical in all respects except for the denominations thereof, the Holder thereof, the numbering thereon, the legends thereon and the CUSIP number thereon. All Storm Recovery Bonds and of a particular tranche shall be in all respects equally and ratably entitled to the benefits hereof without preference, priority or distinction on account of the actual time or times of authentication and delivery, all in accordance with the terms and provisions of this Indenture. The Storm Recovery Bonds shall be created by the Series Supplement authorized by a Responsible Officer of the Issuer, which shall specify and establish the terms and provisions thereof, including the following (which terms and provisions may differ as between tranches):following: (a) designation of the tranches thereofprincipal amount; (b) the principal amount of each tranche; (c) the Bond Interest Rate of each tranche thereof or the formula, if any, used to calculate Bond Interest Rate or Bond Interest Rates for each tranche thereofRate; (c) the Payment Dates; (d) the Scheduled Payment Dates for each tranche thereofDates; (e) the Scheduled Final Payment Dates for each trancheDate; (f) the Scheduled Final Payment Date(s) of each trancheMaturity Date; (g) the Final Maturity Date of each trancheissuance date; (h) the authentication and delivery date; (i) the Authorized Denominations; (ji) the Expected Sinking Fund Schedule of each trancheSchedule; (kj) the place or places for the payment of interest, principal and premium, if different than set forth in Section 2.08any; (k) any additional Secured Parties; (l) any additional Holders; (m) the identity of the Indenture Trustee; (nm) the Trust EstateStorm Recovery Charges and the Storm Recovery Collateral; (on) whether or not the Storm Recovery Bonds are to be Book-Entry Storm Recovery Bonds and the extent to which Section 2.11 should apply; and (po) any other terms of the Storm Recovery Bonds (or tranches thereof) that are not inconsistent with the provisions of this IndentureIndenture and as to which the Rating Agency Condition is satisfied.

Appears in 2 contracts

Samples: Indenture (Duke Energy Progress SC Storm Funding LLC), Indenture (Duke Energy Progress SC Storm Funding LLC)

Denominations: Storm Recovery Bonds. The Storm Recovery Bonds shall be issuable in the Authorized Denominations specified in the Series Supplement. The Storm Recovery Bonds shall, at the election of and as authorized by a Responsible Officer of the Issuer, and set forth in the Series Supplement, be issued in one or more tranches, and shall be designated generally as the “[Series 2022-A A] Senior Secured Storm Recovery Bonds” of the Issuer, with such further particular designations added or incorporated in such title for the Storm Recovery Bonds of any particular tranche as a Responsible Officer of the Issuer may determine. All Storm Recovery Bonds shall be identical in all respects except for the denominations thereof, the Holder thereof, the numbering thereon and the legends thereon, unless the such Storm Recovery Bonds are comprised of one or more tranches, in which case all of the such Storm Recovery Bonds of the same tranche shall be identical in all respects except for the denominations thereof, the Holder thereof, the numbering thereon, the legends thereon and the CUSIP number thereon. All Storm Recovery Bonds and of a particular tranche shall be in all respects equally and ratably entitled to the benefits hereof without preference, priority or distinction on account of the actual time or times of authentication and delivery, all in accordance with the terms and provisions of this Indenture. The Storm Recovery Bonds shall be created by the Series Supplement authorized by a Responsible Officer of the Issuer, which shall specify and establish the terms and provisions thereof, including the following (which terms and provisions may differ as between tranches): (a) designation of the tranches thereof; (b) the principal amount of each tranche; (c) the Bond Interest Rate of each tranche thereof or the formula, if any, used to calculate Bond Interest Rate or Bond Interest Rates for each tranche thereof; (d) the Payment Dates for each tranche thereof; (e) the Scheduled Payment Dates for each tranche; (f) the Scheduled Final Payment Date(s) of each tranche; (g) the Final Maturity Date of each tranche; (h) the authentication and delivery issuance date; (i) the Authorized Denominations; (j) the Expected Sinking Fund Schedule of each tranche; (k) the place or places for the payment of interest, principal and premium, if different than set forth in Section 2.08any; (l) any additional HoldersSecured Parties; (m) the identity of the Indenture Trustee; (n) the Trust EstateStorm Recovery Charges and the Storm Recovery Collateral; (o) whether or not the Storm Recovery Bonds are to be Book-Entry Storm Recovery Bonds and the extent to which Section 2.11 should apply; and (p) any other terms of the Storm Recovery Bonds (or tranches thereof) that are not inconsistent with the provisions of this IndentureIndenture and as to which the Rating Agency Condition is satisfied.

Appears in 2 contracts

Samples: Indenture (Duke Energy Progress NC Storm Funding LLC), Indenture (Duke Energy Carolinas NC Storm Funding LLC)

Denominations: Storm Recovery Bonds. The Storm Recovery Bonds shall be issuable in the Authorized Denominations specified in the Series Supplement. The Storm Recovery Bonds shall, at the election of and as authorized by a Responsible Officer of the Issuer, and set forth in the Series Supplement, be issued in one or more tranchestranche, and shall be designated generally as the “[Series 2022-A A] Senior Secured Storm Recovery Bonds” of the Issuer, with such further particular designations added or incorporated in such title for the Storm Recovery Bonds of any particular tranche as a Responsible Officer of the Issuer may determine. All Storm Recovery Bonds shall be identical in all respects except for the denominations thereof, the Holder thereof, the numbering thereon and the legends thereon, unless the Storm Recovery Bonds are comprised of one or more tranches, in which case all of the Storm Recovery Bonds of the same tranche shall be identical in all respects except for the denominations thereof, the Holder thereof, the numbering thereon, the legends thereon and the CUSIP number thereon. All Storm Recovery Bonds and of a particular tranche shall be in all respects equally and ratably entitled to the benefits hereof without preference, priority or distinction on account of the actual time or times of authentication and delivery, all in accordance with the terms and provisions of this Indenture. The Storm Recovery Bonds shall be created by the Series Supplement authorized by a Responsible Officer of the Issuer, which shall specify and establish the terms and provisions thereof, including the following (which terms and provisions may differ as between tranches):following: (a) designation of the tranches thereofprincipal amount; (b) the principal amount of each tranche; (c) the Bond Interest Rate of each tranche thereof or the formula, if any, used to calculate Bond Interest Rate or Bond Interest Rates for each tranche thereofRate; (c) the Payment Dates; (d) the Scheduled Payment Dates for each tranche thereofDates; (e) the Scheduled Final Payment Dates for each trancheDate; (f) the Scheduled Final Payment Date(s) of each trancheMaturity Date; (g) the Final Maturity Date of each trancheissuance date; (h) the authentication and delivery date; (i) the Authorized Denominations; (ji) the Expected Sinking Fund Schedule of each trancheSchedule; (kj) the place or places for the payment of interest, principal and premium, if different than set forth in Section 2.08any; (k) any additional Secured Parties; (l) any additional Holders; (m) the identity of the Indenture Trustee; (nm) the Trust EstateStorm Recovery Charges and the Storm Recovery Collateral; (on) whether or not the Storm Recovery Bonds are to be Book-Entry Storm Recovery Bonds and the extent to which Section 2.11 should apply; and (po) any other terms of the Storm Recovery Bonds (or tranches thereof) that are not inconsistent with the provisions of this IndentureIndenture and as to which the Rating Agency Condition is satisfied.

Appears in 2 contracts

Samples: Indenture (Duke Energy Progress SC Storm Funding LLC), Indenture (Duke Energy Progress SC Storm Funding LLC)

Denominations: Storm Recovery Bonds. The Storm Recovery Bonds shall be issuable in the Authorized Denominations specified in the Series Supplement. The Storm Recovery Bonds shall, at the election of and as authorized by a Responsible Officer of the Issuer, and as set forth in the Series Supplement, be issued in one or more tranches, tranche and shall be designated generally as the “Series 20222024-A Senior Secured Storm Recovery Bonds” of the Issuer, with such further particular designations added or incorporated in such title for the Storm Recovery Bonds of any particular tranche as a Responsible Officer of the Issuer may determine. All Storm Recovery Bonds shall be identical in all respects except for the denominations thereof, the Holder thereof, the numbering thereon and the legends thereon, unless the Storm Recovery Bonds are comprised of one or more tranches, in which case all of the Storm Recovery Bonds of the same tranche shall be identical in all respects except for the denominations thereof, the Holder thereof, the numbering thereon, the legends thereon and the CUSIP number thereon. All Storm Recovery Bonds and of a particular tranche shall be in all respects equally and ratably entitled to the benefits hereof without preference, priority or distinction on account of the actual time or times of authentication and delivery, all in accordance with the terms and provisions of this Indenture. The Storm Recovery Bonds shall be created by the Series Supplement authorized by a Responsible Officer of the Issuer, which shall specify and establish the terms and provisions thereof, including the following (which terms and provisions may differ as between tranches):following: (a) designation of the tranches thereofprincipal amount; (b) the principal amount of each tranche; (c) the Bond Interest Rate of each tranche thereof or the formula, if any, used to calculate Bond Interest Rate or Bond Interest Rates for each tranche thereofRates; (c) the Payment Dates; (d) the Scheduled Payment Dates for each tranche thereofDates; (e) the Scheduled Final Payment Dates for each trancheDate(s); (f) the Scheduled Final Payment Date(s) of each trancheMaturity Date; (g) the Final Maturity Date of each tranche; (h) the authentication and delivery date; (ih) the Authorized Denominations; (ji) the Expected Sinking Fund Schedule of each trancheSchedule; (kj) the place or places for the payment of interest, principal and premium, if different than set forth in Section 2.08; (lk) any additional Holders; (ml) the identity of the Indenture Trustee; (nm) the Trust Estate; (on) whether or not the Storm Recovery Bonds are to be Book-Entry Storm Recovery Bonds and the extent to which Section 2.11 should apply; and (po) any other terms of the Storm Recovery Bonds (or tranches thereof) that are not inconsistent with the provisions of this Indenture.

Appears in 2 contracts

Samples: Indenture (SWEPCO Storm Recovery Funding LLC), Indenture (SWEPCO Storm Recovery Funding LLC)

Denominations: Storm Recovery Bonds. The Storm Recovery Bonds shall be issuable in the Authorized Denominations specified in the Series Supplement. The Storm Recovery Bonds shall, at the election of and as authorized by a Responsible Officer of the Issuer, and as set forth in the Series Supplement, be issued in one or more tranches, tranche and shall be designated generally as the “Series 20222024-A Senior Secured Storm Recovery Bonds” of the Issuer, with such further particular designations added or incorporated in such title for the Storm Recovery Bonds of any particular tranche as a Responsible Officer of the Issuer may determine. All Storm Recovery Bonds shall be identical in all respects except for the denominations thereof, the Holder thereof, the numbering thereon and the legends thereon, unless the Storm Recovery Bonds are comprised of one or more tranches, in which case all of the Storm Recovery Bonds of the same tranche shall be identical in all respects except for the denominations thereof, the Holder thereof, the numbering thereon, the legends thereon and the CUSIP number thereon. All Storm Recovery Bonds and of a particular tranche shall be in all respects equally and ratably entitled to the benefits hereof without preference, priority or distinction on account of the actual time or times of authentication and delivery, all in accordance with the terms and provisions of this Indenture. The Storm Recovery Bonds shall be created by the Series Supplement authorized by a Responsible Officer of the Issuer, which shall specify and establish the terms and provisions thereof, including the following (which terms and provisions may differ as between tranches):following: (a) designation of the tranches thereofprinciple amount; (b) the principal amount of each tranche; (c) the Bond Interest Rate of each tranche thereof or the formula, if any, used to calculate Bond Interest Rate or Bond Interest Rates for each tranche thereofRates; (c) the Payment Dates; (d) the Scheduled Payment Dates for each tranche thereofDates; (e) the Scheduled Final Payment Dates for each trancheDate(s); (f) the Scheduled Final Payment Date(s) of each trancheMaturity Date; (g) the Final Maturity Date of each tranche; (h) the authentication and delivery date; (ih) the Authorized Denominations; (ji) the Expected Sinking Fund Schedule of each trancheSchedule; (kj) the place or places for the payment of interest, principal and premium, if different than set forth in Section 2.08; (l) any additional Holders; (m) the identity of the Indenture Trustee; (n) the Trust Estate; (o) whether or not the Storm Recovery Bonds are to be Book-Entry Storm Recovery Bonds and the extent to which Section 2.11 should apply; and (p) any other terms of the Storm Recovery Bonds (or tranches thereof) that are not inconsistent with the provisions of this Indenture.

Appears in 1 contract

Samples: Indenture (SWEPCO Storm Recovery Funding LLC)