Common use of Limitation on Notes Clause in Contracts

Limitation on Notes. No Notes may be issued under the provisions of, or become secured by, this Indenture except in accordance with the provisions of this Section 2. The aggregate principal amount of the Notes which may be authenticated and delivered and outstanding at any one time under this Indenture shall be limited to the principal amount of the Lessor Note issued on the Closing Date to the Pass Through Trustee, plus the aggregate principal amount of Additional Lessor Notes issued pursuant to Section 2.12.

Appears in 2 contracts

Samples: Trust, Mortgage and Security Agreement (PPL Montana LLC), Trust, Mortgage and Security Agreement (PPL Montana LLC)

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Limitation on Notes. No Notes may be issued under the provisions of, or become secured by, this Indenture except in accordance with the provisions of this Section 2. The aggregate principal amount of the Notes which may be authenticated and delivered and outstanding at any one time under this Indenture shall be limited to the aggregate principal amount of the Lessor Note Notes issued on the Closing Date to the appropriate Pass Through Trustee, Trustee plus the aggregate principal amount of Additional Lessor Notes issued pursuant to Section 2.12.

Appears in 2 contracts

Samples: Trust and Security Agreement (Aes Eastern Energy Lp), Indenture of Trust and Security Agreement (Aes Eastern Energy Lp)

Limitation on Notes. No Notes may be issued under the provisions of, or become secured by, this Indenture except in accordance with the provisions of this Section 2. The aggregate principal amount of the Notes which may be authenticated and delivered and outstanding at any one time under this Indenture shall be limited to the aggregate principal amount of the Lessor Note Initial Notes issued on the Closing Date to the Pass Through Trustee, Trustee plus the aggregate principal amount of Additional Lessor Notes issued pursuant to Section 2.12.

Appears in 1 contract

Samples: Mortgage and Security Agreement (Firstenergy Corp)

Limitation on Notes. No Notes may be issued under the provisions of, or become secured by, this Indenture except in accordance with the provisions of this Section 2. The aggregate principal amount of the Notes which may be authenticated and delivered and outstanding at any one time under this Indenture shall be limited to the principal amount of the Lessor Note Notes issued on the Closing Date to the Pass Through Trustee, plus the aggregate principal amount of Additional Lessor Notes issued pursuant to Section 2.12.

Appears in 1 contract

Samples: Mortgage and Security Agreement (Calpine Corp)

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Limitation on Notes. No Notes may be issued under the provisions of, or become secured by, this Indenture except in accordance with the provisions of this Section 2. The aggregate principal amount of the Notes which may be authenticated and delivered and outstanding at any one time under this Indenture shall be limited to the aggregate principal amount of the Lessor Note Notes issued on the Closing Date to the applicable Pass Through Trustee, plus the aggregate principal amount of Additional Lessor Notes issued pursuant to Section 2.12.

Appears in 1 contract

Samples: Leases and Rents and Security Agreement (Dynegy Danskammer LLC)

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