Common use of Initial Principal Amount; Bond Interest Rate; Scheduled Final Payment Date; Final Maturity Date; Required Capital Level Clause in Contracts

Initial Principal Amount; Bond Interest Rate; Scheduled Final Payment Date; Final Maturity Date; Required Capital Level. The Series {__} Storm Recovery Bonds {of each tranche} shall have the initial principal amount, bear interest at the rates per annum (the “Bond Interest Rate”) and shall have the Scheduled Final Payment Dates and the Final Maturity Dates set forth below: Weighted Average Life Initial Principal Amount Bond Interest Rate Scheduled Final Payment Date Final Maturity Date {__} ${__________} {____}% {_____}, 20{__} {_____}, 20{__} {__} ${__________} {____}% {_____}, 20{__} {_____}, 20{__} {__} ${__________} {____}% {_____}, 20{__} {_____}, 20{__} The Bond Interest Rate shall be computed by the Issuer on the basis of a 360-day year of twelve 30-day months. The Required Capital Level for the Series {__} Storm Recovery Bonds shall be equal to {__}% of the initial principal amount thereof.

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)

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Initial Principal Amount; Bond Interest Rate; Scheduled Final Payment Date; Final Maturity Date; Required Capital Level. The Series {__} Storm Recovery Bonds {of each tranche} shall have the initial principal amount, bear interest at the rates per annum (the “Bond Interest Rate”) and shall have the Scheduled Final Payment Dates and the Final Maturity Dates set forth below: Weighted Average Life Initial Principal Amount Bond Interest Rate Scheduled Final Payment Date Final Maturity Date {__} ${__________} {____}% {_____}, 20{__} {_____}, 20{__} {__} ${__________} {____}% {_____}, 20{__} {_____}, 20{__} {__} ${__________} {____}% {_____}, 20{__} {_____}, 20{__} The Bond Interest Rate shall be computed by the Issuer on the basis of a 360-day year of twelve 30-day months. The Required Capital Level for the Series {__} Storm Recovery Bonds shall be equal to {__}% of the initial principal amount thereof.

Appears in 2 contracts

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

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