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 A 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 3.6 $ 221,000,000 1.295 % July 1, 2028 July 1, 2030 11.3 $ 352,000,000 2.387 % July 1, 2037 July 1, 2039 17.8 $ 196,627,000 2.799 % July 1, 2041 July 1, 2043 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 A Storm Recovery Bonds shall be equal to 0.5 % of the initial principal amount thereof.

Appears in 2 contracts

Samples: Series Supplement (Duke Energy Progress NC Storm Funding LLC), Series Supplement (Duke Energy Progress 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 A 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 3.6 5.1 $ 221,000,000 1.295 100,000,000 1.679 % July 1, 2028 2031 July 1, 2030 11.3 2033 15.0 $ 352,000,000 2.387 % July 1, 2037 July 1, 2039 17.8 $ 196,627,000 2.799 137,210,000 2.617 % July 1, 2041 July 1, 2043 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 A Storm Recovery Bonds shall be equal to 0.5 % of the initial principal amount thereof.

Appears in 2 contracts

Samples: Series Supplement (Duke Energy Carolinas NC Storm Funding LLC), Series Supplement (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 A 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 3.6 11.78 $ 221,000,000 1.295 177,365,000 5.404 % July March 1, 2028 July 2044 March 1, 2030 11.3 $ 352,000,000 2.387 % July 1, 2037 July 1, 2039 17.8 $ 196,627,000 2.799 % July 1, 2041 July 1, 2043 2046 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 A Storm Recovery Bonds shall be equal to 0.5 0.05% of the initial principal amount thereof.

Appears in 2 contracts

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

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