Common use of No Borrowing Clause in Contracts

No Borrowing. The Issuer shall not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any indebtedness except for the Recovery Bonds and any other indebtedness expressly permitted by or arising under the Basic Documents.

Appears in 20 contracts

Samples: Indenture (PG&E Recovery Funding LLC), Indenture (PG&E Recovery Funding LLC), Indenture (SCE Recovery Funding LLC)

AutoNDA by SimpleDocs

No Borrowing. The Issuer shall not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any indebtedness except for the Storm Recovery Bonds and any other indebtedness expressly permitted by or arising under the Basic Documents.

Appears in 13 contracts

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

No Borrowing. The Issuer shall not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any indebtedness except for the Recovery Securitization Bonds and any other indebtedness expressly permitted by or arising under the Basic Documents.

Appears in 10 contracts

Samples: Indenture (Consumers 2023 Securitization Funding LLC), Indenture (Consumers 2023 Securitization Funding LLC), Indenture (Consumers 2023 Securitization Funding LLC)

No Borrowing. The Issuer shall not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any indebtedness except for the Recovery Transition Bonds and any other indebtedness expressly permitted by or arising under the Basic Documents.

Appears in 9 contracts

Samples: Indenture (AEP Transition Funding III LLC), Indenture (AEP Transition Funding III LLC), Indenture (AEP Transition Funding III LLC)

No Borrowing. The Issuer shall not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any indebtedness except for the Recovery Securitized Utility Tariff Bonds and any other indebtedness expressly permitted by or arising under the Basic Documents.

Appears in 9 contracts

Samples: Indenture (Evergy Missouri West Storm Funding I, LLC), Indenture (Evergy Missouri West Storm Funding I, LLC), Indenture (Empire District Bondco, LLC)

No Borrowing. The Issuer shall not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any indebtedness except for the Recovery System Restoration Bonds and any other indebtedness expressly permitted by or arising under the Basic Documents.

Appears in 6 contracts

Samples: Indenture (Entergy Texas, Inc.), Indenture (Entergy Texas, Inc.), Indenture (Entergy Texas, Inc.)

No Borrowing. The Issuer shall not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any indebtedness except for the Recovery Securitization Bonds and any other indebtedness expressly permitted except as contemplated by or arising under the Basic Documents.

Appears in 5 contracts

Samples: Consumers Funding LLC, Consumers Funding LLC, Consumers Energy Co Financing V

No Borrowing. The Issuer shall not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any indebtedness except for the Recovery Consumer Rate Relief Bonds and any other indebtedness expressly permitted by or arising under the Basic Documents.

Appears in 3 contracts

Samples: Intercreditor Agreement (Appalachian Consumer Rate Relief Funding LLC), Intercreditor Agreement (Appalachian Consumer Rate Relief Funding LLC), Intercreditor Agreement (Appalachian Consumer Rate Relief Funding LLC)

No Borrowing. The Issuer shall not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any indebtedness except for the Phase-In-Recovery Bonds and any other indebtedness expressly permitted by or arising under the Basic Documents.

Appears in 3 contracts

Samples: Indenture (Ohio Phase-in-Recovery Funding LLC), Indenture (Ohio Phase-in-Recovery Funding LLC), Ohio Phase (Ohio Phase-in-Recovery Funding LLC)

No Borrowing. The Issuer shall not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any indebtedness except for the Recovery Bonds and any other bonds, notes or other evidences of indebtedness expressly permitted authorized by or arising under the Basic DocumentsFinancing Order and related expenses.

Appears in 2 contracts

Samples: Indenture (PG&E Energy Recovery Funding LLC), Indenture (PG&E Energy Recovery Funding LLC)

AutoNDA by SimpleDocs

No Borrowing. The Issuer shall not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any indebtedness except for the Investment Recovery Bonds and any other indebtedness expressly permitted by or arising under the Basic Documents.

Appears in 2 contracts

Samples: Indenture (Entergy Louisiana Investment Recovery Funding I, L.L.C.), Indenture (Entergy Louisiana Investment Recovery Funding I, L.L.C.)

No Borrowing. The Issuer shall not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any indebtedness except for the Storm Recovery Bonds permitted by this Indenture and any other indebtedness expressly permitted by or arising under the Basic Documents.

Appears in 2 contracts

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

No Borrowing. The Issuer shall not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any indebtedness except for the Recovery Bonds storm recovery bonds permitted by this Indenture and any other indebtedness expressly permitted by or arising under the Basic Documents.

Appears in 2 contracts

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

No Borrowing. The Issuer shall not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any indebtedness except for the Recovery Bonds and any other indebtedness expressly permitted contemplated by or arising under the Basic Documents, any Additional Indenture or Subsequent Sale Agreement.

Appears in 2 contracts

Samples: Indenture (Florida Power & Light Co), Indenture (FPL Recovery Funding LLC)

No Borrowing. The Issuer shall not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any indebtedness except for the Recovery Bonds and any other indebtedness expressly permitted except as contemplated by or arising under the Basic Documents.

Appears in 1 contract

Samples: Transition Property Servicing Agreement (Oncor Electric Delivery Transition Bond Co LLC)

Time is Money Join Law Insider Premium to draft better contracts faster.