Limitation Upon Distributions. No distribution shall be declared and paid unless, after the distribution is made, no default has occurred and is continuing under the Indenture or the Transition Bonds then outstanding.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (CenterPoint Energy Transition Bond Co IV, LLC), Limited Liability Company Agreement (CenterPoint Energy Transition Bond Co IV, LLC), Limited Liability Company Agreement (CenterPoint Energy Transition Bond CO III, LLC)
Limitation Upon Distributions. No distribution shall be declared and paid unless, after the distribution is made, no default has occurred and is continuing under the Indenture or the any Series of Transition Bonds then outstanding.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Reliant Energy Transition Bond Co LLC), Limited Liability (CenterPoint Energy Transition Bond CO II, LLC), CenterPoint Energy Transition Bond CO II, LLC
Limitation Upon Distributions. No distribution shall be declared and paid unless, after the distribution is made, no default has occurred and is continuing under the Indenture or the Transition Bonds then outstanding.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (CenterPoint Energy Restoration Bond Company, LLC), Limited Liability Company Agreement (CenterPoint Energy Restoration Bond Company, LLC)
Limitation Upon Distributions. No distribution shall be ----------------------------- declared and paid unless, after the distribution is made, no default has occurred and is continuing under the Indenture or the any Series of Transition Bonds then outstanding.
Appears in 1 contract
Samples: Limited Liability (Reliant Energy Transition Bond Co LLC)
