Notice of Breach to Rating Agencies, Etc. Promptly after obtaining knowledge thereof, in the event of a breach in any material respect (without regard to any materiality qualifier contained in such representation, warranty or covenant) of any of the Seller’s representations, warranties or covenants contained herein, the Seller shall promptly notify the Issuer, the Indenture Trustee, the CPUC and the Rating Agencies of such breach. For the avoidance of doubt, any breach which would adversely affect scheduled payments on the Recovery Bonds will be deemed to be a material breach for purposes of this Section 4.10.
Appears in 11 contracts
Samples: Recovery Property Purchase and Sale Agreement (PG&E Recovery Funding LLC), Recovery Property Purchase and Sale Agreement (PG&E Recovery Funding LLC), Recovery Property Purchase and Sale Agreement (PACIFIC GAS & ELECTRIC Co)
Notice of Breach to Rating Agencies, Etc. Promptly after obtaining knowledge thereof, in the event of a breach in any material respect (without regard to any materiality qualifier contained in such representation, warranty or covenant) of any of the Seller’s representations, warranties or covenants contained herein, the Seller shall promptly notify the Issuer, the Indenture Trustee, the CPUC and the Rating Agencies of such breach. For the avoidance of doubt, any breach which would adversely affect scheduled payments on the Recovery Bonds will be deemed to be a material breach for purposes of this Section 4.10.
Appears in 9 contracts
Samples: Recovery Property Purchase and Sale Agreement (SCE Recovery Funding LLC), Recovery Property Purchase and Sale Agreement (SCE Recovery Funding LLC), Recovery Property Purchase and Sale Agreement (SCE Recovery Funding LLC)
Notice of Breach to Rating Agencies, Etc. Promptly after obtaining knowledge thereof, in the event of a breach in any material respect (without regard to any materiality qualifier contained in such representation, warranty or covenant) of any of the Seller’s representations, warranties or covenants contained herein, the Seller shall promptly notify the Issuer, the Indenture Trustee, the CPUC MPSC and the Rating Agencies of such breach. For the avoidance of doubt, any breach which would adversely affect scheduled payments on the Recovery Securitized Utility Tariff Bonds will be deemed to be a material breach for purposes of this Section 4.10.
Appears in 6 contracts
Samples: Utility Tariff Property Purchase and Sale Agreement (Evergy Missouri West Storm Funding I, LLC), Utility Tariff Property Purchase and Sale Agreement (Evergy Missouri West Storm Funding I, LLC), Securitized Utility Tariff Property Purchase and Sale Agreement (Empire District Bondco, LLC)
Notice of Breach to Rating Agencies, Etc. Promptly after obtaining knowledge thereof, in the event of a breach in any material respect (without regard to any materiality qualifier contained in such representation, warranty or covenant) of any of the Seller’s representations, warranties or covenants contained herein, the Seller shall promptly notify the Issuer, the Indenture Trustee, the CPUC Trustee and the Rating Agencies of such breach. For the avoidance of doubt, any breach which that would adversely affect scheduled payments on the Recovery Securitization Bonds will be deemed to be a material breach for purposes of this Section 4.10.
Appears in 6 contracts
Samples: Securitization Property Purchase and Sale Agreement (Consumers 2023 Securitization Funding LLC), Securitization Property Purchase and Sale Agreement (Consumers 2023 Securitization Funding LLC), Securitization Property Purchase and Sale Agreement (Consumers 2023 Securitization Funding LLC)
Notice of Breach to Rating Agencies, Etc. Promptly after obtaining knowledge thereof, in the event of a breach in any material respect (without regard to any materiality qualifier contained in such representation, warranty or covenant) of any of the Seller’s representations, warranties or covenants contained herein, the Seller shall promptly notify the Issuer, the Indenture Trustee, the CPUC Commission and the Rating Agencies of such breach. For the avoidance of doubt, any breach which that would adversely affect scheduled payments on the Storm Recovery Bonds will be deemed to be a material breach for purposes of this Section 4.104.11.
Appears in 6 contracts
Samples: Purchase and Sale Agreement (Duke Energy Carolinas NC Storm Funding LLC), Storm Recovery Property Purchase and Sale Agreement (Duke Energy Progress NC Storm Funding LLC), Storm Recovery Property Purchase and Sale Agreement (Duke Energy Progress NC Storm Funding LLC)
Notice of Breach to Rating Agencies, Etc. Promptly after obtaining knowledge thereof, in the event of a breach in any material respect (without regard to any materiality qualifier contained in such representation, warranty or covenant) of any of the Seller’s representations, warranties or covenants contained herein, the Seller shall promptly notify the Issuer, the Indenture Trustee, the CPUC Trustee and the Rating Agencies of such breach. For the avoidance of doubt, any breach which would adversely affect scheduled payments on the Recovery Securitization Bonds will be deemed to be a material breach for purposes of this Section 4.10.
Appears in 5 contracts
Samples: Securitization Property Purchase and Sale Agreement (DTE Electric Securitization Funding II LLC), Securitization Property Purchase and Sale Agreement (DTE Electric Securitization Funding II LLC), Securitization Property Purchase and Sale Agreement (DTE Electric Securitization Funding II LLC)
Notice of Breach to Rating Agencies, Etc. Promptly after obtaining knowledge thereof, in the event of a breach in any material respect (without regard to any materiality qualifier contained in such representation, warranty or covenant) of any of the Seller’s representations, warranties or covenants contained herein, the Seller shall promptly notify the Issuer, the Indenture Trustee, the CPUC Commission and the Rating Agencies Agencies, in writing, of such breach. For the avoidance of doubt, any breach which that would adversely affect scheduled payments on the Storm Recovery Bonds will be deemed to be a material breach for purposes of this Section 4.104.11.
Appears in 4 contracts
Samples: Storm Recovery Property Purchase and Sale Agreement (Duke Energy Progress SC Storm Funding LLC), Storm Recovery Property Purchase and Sale Agreement (Duke Energy Progress SC Storm Funding LLC), Storm Recovery Property Purchase and Sale Agreement (Duke Energy Progress SC Storm Funding LLC)
Notice of Breach to Rating Agencies, Etc. Promptly after obtaining knowledge thereof, in the event of a breach in any material respect (without regard to any materiality qualifier contained in such representation, warranty or covenant) of any of the Seller’s representations, warranties or covenants contained herein, the Seller shall promptly notify the Issuer, the Indenture Trustee, the CPUC Trustee and the Rating Agencies of such breach. For the avoidance of doubt, any breach which would adversely affect scheduled payments on the Storm Recovery Bonds will be deemed to be a material breach for purposes of this Section 4.104.12.
Appears in 4 contracts
Samples: Storm Recovery Property Purchase and Sale Agreement (Entergy New Orleans Storm Recovery Funding I, L.L.C.), Storm Recovery Property Purchase and Sale Agreement (Entergy New Orleans Storm Recovery Funding I, L.L.C.), Storm Recovery Property Purchase and Sale Agreement (Entergy New Orleans Storm Recovery Funding I, L.L.C.)
Notice of Breach to Rating Agencies, Etc. Promptly after obtaining knowledge thereof, in the event of a breach in any material respect (without regard to any materiality qualifier contained in such representation, warranty or covenant) of any of the Seller’s representations, warranties or covenants contained herein, the Seller shall promptly notify the Issuer, the Indenture Trustee, the CPUC Trustee and the Rating Agencies of such breach. For the avoidance of doubt, any breach which would adversely affect scheduled payments on the Recovery Securitization Bonds will be deemed to be a material breach for purposes of this Section 4.104.13.
Appears in 3 contracts
Samples: Securitization Property Purchase and Sale Agreement (SIGECO Securitization I, LLC), Securitization Property Purchase and Sale Agreement (SIGECO Securitization I, LLC), Securitization Property Purchase and Sale Agreement (SIGECO Securitization I, LLC)
Notice of Breach to Rating Agencies, Etc. Promptly after obtaining knowledge thereof, in the event of a breach in any material respect (without regard to any materiality qualifier contained in such representation, warranty or covenant) of any of the Seller’s representations, warranties or covenants contained herein, the Seller shall promptly notify the Issuer, the Indenture Trustee, the CPUC Trustee and the Rating Agencies of such breach. For the avoidance of doubt, any breach which that would adversely affect scheduled payments on the Recovery Series A Bonds will be deemed to be a material breach for purposes of this Section 4.104.11.
Appears in 3 contracts
Samples: Transition Property Purchase and Sale Agreement (PNM Energy Transition Bond Co I, LLC), Transition Property Purchase and Sale Agreement (PNM Energy Transition Bond Co I, LLC), Transition Property Purchase and Sale Agreement (PNM Energy Transition Bond Co I, LLC)
Notice of Breach to Rating Agencies, Etc. Promptly after obtaining knowledge thereof, in the event of a breach in any material respect (without regard to any materiality qualifier contained in such representation, warranty or covenant) of any of the Seller’s representations, warranties or covenants contained herein, the Seller shall promptly notify the Issuer, the Indenture Trustee, the CPUC Trustee and the Rating Agencies in writing of such breach. For the avoidance of doubt, any breach which that would adversely affect scheduled payments on the Recovery Deferred Fuel Cost Bonds will be deemed to be a material breach for purposes of this Section 4.104.11.
Appears in 3 contracts
Samples: Cost Property Purchase and Sale Agreement (Virginia Power Fuel Securitization, LLC), Cost Property Purchase and Sale Agreement (Virginia Power Fuel Securitization, LLC), Cost Property Purchase and Sale Agreement (Virginia Power Fuel Securitization, LLC)
Notice of Breach to Rating Agencies, Etc. Promptly after obtaining knowledge thereof, in the event of a breach in any material respect (without regard to any materiality qualifier contained in such representation, warranty or covenant) of any of the Seller’s representations, warranties or covenants contained herein, the Seller shall promptly notify the Issuer, the Indenture Trustee, the CPUC PUCT and the Rating Agencies of such breach. For the avoidance of doubt, any breach which would adversely affect scheduled payments on the Recovery Transition Bonds will be deemed to be a material breach for purposes of this Section 4.104.12.
Appears in 3 contracts
Samples: Transition Property Purchase and Sale Agreement (AEP Transition Funding III LLC), Transition Property Purchase and Sale Agreement (AEP Transition Funding III LLC), Transition Property Purchase and Sale Agreement (Entergy Texas Restoration Funding, LLC)
Notice of Breach to Rating Agencies, Etc. Promptly after obtaining knowledge thereof, in the event of a breach in any material respect (without regard to any materiality qualifier contained in such representation, warranty or covenant) of any of the Seller’s representations, warranties or covenants contained herein, the Seller shall promptly notify the Issuer, the Indenture Trustee, the CPUC Commission and the Rating Agencies of such breach. For the avoidance of doubt, any breach which would adversely affect scheduled payments on the Recovery Consumer Rate Relief Bonds will be deemed to be a material breach for purposes of this Section 4.104.11.
Appears in 3 contracts
Samples: CRR Property Purchase and Sale Agreement (Appalachian Consumer Rate Relief Funding LLC), CRR Property Purchase and Sale Agreement (Appalachian Consumer Rate Relief Funding LLC), CRR Property Purchase and Sale Agreement (Appalachian Consumer Rate Relief Funding LLC)
Notice of Breach to Rating Agencies, Etc. Promptly after obtaining knowledge thereof, in the event of a breach in any material respect (without regard to any materiality qualifier contained in such representation, warranty or covenant) of any of the Seller’s representations, warranties or covenants contained herein, the Seller shall promptly notify the Issuer, the Indenture Trustee, the CPUC Trustee and the Rating Agencies of such breach. For the avoidance of doubt, any breach which would adversely affect scheduled payments on the Storm Recovery Bonds will be deemed to be a material breach for purposes of this Section 4.104.13.
Appears in 3 contracts
Samples: Property Sale Agreement (Cleco Power LLC), Property Sale Agreement (Cleco Power LLC), Property Sale Agreement (Cleco Power LLC)
Notice of Breach to Rating Agencies, Etc. Promptly after obtaining knowledge thereof, in the event of a breach in any material respect (without regard to any materiality qualifier contained in such representation, warranty or covenant) of any of the Seller’s representations, warranties or covenants contained herein, the Seller shall promptly notify the Issuer, the Indenture Trustee, the CPUC Commission and the Rating Agencies of such breach. For the avoidance of doubt, any breach which that would adversely affect scheduled payments on the Recovery Series A Bonds will be deemed to be a material breach for purposes of this Section 4.104.11.
Appears in 3 contracts
Samples: Purchase and Sale Agreement (Duke Energy Florida, Llc.), Purchase and Sale Agreement (Duke Energy Florida, Llc.), Purchase and Sale Agreement (Duke Energy Florida, Llc.)
Notice of Breach to Rating Agencies, Etc. Promptly after obtaining knowledge thereof, in the event of a breach in any material respect (without regard to any materiality qualifier contained in such representation, warranty or covenant) of any of the Seller’s representations, warranties or covenants contained herein, the Seller shall promptly notify the Issuer, the Indenture Trustee, the CPUC Trustee and the Rating Agencies of such breach. For the avoidance of doubt, any breach which would adversely affect scheduled payments on the Recovery Environmental Trust Bonds will be deemed to be a material breach for purposes of this Section 4.10.
Appears in 3 contracts
Samples: Control Property Purchase and Sale Agreement (WEPCo Environmental Trust Finance I, LLC), Control Property Purchase and Sale Agreement (WEPCo Environmental Trust Finance I, LLC), Control Property Purchase and Sale Agreement (WEPCo Environmental Trust Finance I, LLC)
Notice of Breach to Rating Agencies, Etc. Promptly after obtaining knowledge thereof, in the event of a breach in any material respect (without regard to any materiality qualifier contained in such representation, warranty or covenant) of any of the Seller’s representations, warranties or covenants contained herein, the Seller shall promptly notify the Issuer, the Indenture Trustee, the CPUC Commission and the Rating Agencies of such breach. For the avoidance of doubt, any breach which would adversely affect scheduled payments on the Phase-In-Recovery Bonds will be deemed to be a material breach for purposes of this Section 4.104.11.
Appears in 3 contracts
Samples: Purchase and Sale Agreement (Ohio Phase-in-Recovery Funding LLC), Purchase and Sale Agreement (Ohio Phase-in-Recovery Funding LLC), Purchase and Sale Agreement (Ohio Phase-in-Recovery Funding LLC)
Notice of Breach to Rating Agencies, Etc. Promptly after obtaining a Responsible Officer of the Seller obtains actual knowledge thereof, in the event of a breach in any material respect (without regard to any materiality qualifier contained in such representation, warranty or covenant) of any of the Seller’s representations, warranties or covenants contained herein, the Seller shall promptly notify the Issuer, the Indenture Trustee, the CPUC Commission and the Rating Agencies of such breachbreach (with prior written notice to the Servicer). For the avoidance of doubt, any breach which would materially adversely affect scheduled payments on the Recovery Securitization Bonds will be deemed to be a breach in a material breach respect for purposes of this Section 4.104.12.
Appears in 2 contracts
Samples: Securitization Property Purchase and Sale Agreement (ONE Gas, Inc.), Securitization Property Purchase and Sale Agreement (Oklahoma Gas & Electric Co)
Notice of Breach to Rating Agencies, Etc. Promptly after obtaining knowledge thereof, in the event of a breach in any material respect (without regard to any materiality qualifier contained in such representation, warranty or covenant) of any of the Seller’s representations, warranties or covenants contained herein, the Seller shall promptly notify the Issuer, the Indenture Trustee, the CPUC Trustee and the Rating Agencies of such breach. For the avoidance of doubt, any breach which would adversely affect scheduled payments on the Recovery Securitized Utility Tariff Bonds will be deemed to be a material breach for purposes of this Section 4.104.13.
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Atmos Energy Kansas Securitization I, LLC), Purchase and Sale Agreement (Atmos Energy Kansas Securitization I, LLC)
Notice of Breach to Rating Agencies, Etc. Promptly after obtaining knowledge thereof, in the event of a breach in any material respect (without regard to any materiality qualifier contained in such representation, warranty or covenant) of any of the Seller’s 's representations, warranties or covenants contained herein, the Seller shall promptly notify the Issuer, the Indenture Trustee, the CPUC PUCT and the Rating Agencies of such breach. For the avoidance of doubt, any breach which would adversely affect scheduled payments on the Recovery Transition Bonds will be deemed to be a material breach for purposes of this Section 4.104.12.
Appears in 2 contracts
Samples: Transition Property Purchase and Sale Agreement (Entergy Gulf States Reconstruction Funding I, LLC), Transition Property Purchase and Sale Agreement (Entergy Texas Restoration Funding, LLC)
Notice of Breach to Rating Agencies, Etc. Promptly after obtaining knowledge thereof, in the event of a breach in any material respect (without regard to any materiality qualifier contained in such representation, warranty or covenant) of any of the Seller’s representations, warranties or covenants contained herein, the Seller shall promptly notify the Issuer, the Indenture Trustee, the CPUC Trustee and the Rating Agencies of such breach. For the avoidance of doubt, any breach which would adversely affect scheduled payments on the Recovery Securitized Utility Tariff Bonds will be deemed to be a material breach for purposes of this Section 4.104.13.
Appears in 2 contracts
Samples: Securitized Utility Tariff Property Purchase and Sale Agreement (Kansas Gas Service Securitization I, L.L.C.), Securitized Utility Tariff Property Purchase and Sale Agreement (Kansas Gas Service Securitization I, L.L.C.)
Notice of Breach to Rating Agencies, Etc. Promptly after obtaining knowledge thereof, in the event of a breach in any material respect (without regard to any materiality qualifier contained in such representation, warranty or covenant) of any of the Seller’s representations, warranties or covenants contained herein, the Seller shall promptly notify the Issuer, the Indenture Trustee, the CPUC Trustee and the Rating Agencies of such breach. For the avoidance of doubt, any breach which would adversely affect scheduled payments on the Investment Recovery Bonds will be deemed to be a material breach for purposes of this Section 4.104.12.
Appears in 2 contracts
Samples: Investment Recovery Property Purchase and Sale Agreement (Entergy Louisiana Investment Recovery Funding I, L.L.C.), Investment Recovery Property Purchase and Sale Agreement (Entergy Louisiana Investment Recovery Funding I, L.L.C.)
Notice of Breach to Rating Agencies, Etc. Promptly after obtaining knowledge thereof, in the event of a breach in any material respect (without regard to any materiality qualifier contained in such representation, warranty or covenant) of any of the Seller’s representations, warranties or covenants contained herein, the Seller shall promptly notify the Issuer, the Indenture Trustee, the CPUC APSC and the Rating Agencies of such breach. For the avoidance of doubt, any breach which would adversely affect scheduled payments on the Storm Recovery Bonds will be deemed to be a material breach for purposes of this Section 4.104.11.
Appears in 2 contracts
Samples: Storm Recovery Property Purchase and Sale Agreement (Entergy Arkansas Restoration Funding, LLC), Storm Recovery Property Purchase and Sale Agreement (Entergy Arkansas Restoration Funding, LLC)
Notice of Breach to Rating Agencies, Etc. Promptly after obtaining knowledge thereof, in the event of a breach in any material respect (without regard to any materiality qualifier contained in such representation, warranty or covenant) of any of the Seller’s representations, warranties or covenants contained herein, the Seller shall promptly notify the Issuer, the Indenture Trustee, the CPUC PUCT and the Rating Agencies of such breach. For the avoidance of doubt, any breach which would adversely affect scheduled payments on the Recovery Transition Bonds will be deemed to be a material breach for purposes of this Section 4.104.13.
Appears in 2 contracts
Samples: Transition Property Purchase and Sale Agreement (Aep Texas Central Co), Transition Property Purchase and Sale Agreement (Aep Texas Central Co)
Notice of Breach to Rating Agencies, Etc. Promptly after obtaining knowledge thereof, in the event of a breach in any material respect (without regard to any materiality qualifier contained in such representation, warranty or covenant) of any of the Seller’s representations, warranties or covenants contained herein, the Seller shall promptly notify the Issuer, the Indenture Trustee, the CPUC Trustee and the Rating Agencies of such breach. For the avoidance of doubt, any breach which would adversely affect scheduled payments on the Recovery Rate Stabilization Bonds will be deemed to be a material breach for purposes of this Section 4.104.12.
Appears in 2 contracts
Samples: Purchase and Sale Agreement (RSB Bondco LLC), Stabilization Property Purchase and Sale Agreement (RSB Bondco LLC)
Notice of Breach to Rating Agencies, Etc. Promptly after obtaining knowledge thereof, in the event of a breach in any material respect (without regard to any materiality qualifier contained in such representation, warranty or covenant) of any of the Seller’s representations, warranties or covenants contained herein, the Seller shall promptly notify the Issuer, the Indenture Trustee, the CPUC Trustee and the Rating Agencies of such breach. For the avoidance of doubt, any breach which that would adversely affect scheduled payments on the Recovery Rate Reduction Bonds will be deemed to be a material breach for purposes of this Section 4.104.12.
Appears in 2 contracts
Samples: Purchase and Sale Agreement (PSNH Funding LLC 3), Purchase and Sale Agreement (PSNH Funding LLC 3)
Notice of Breach to Rating Agencies, Etc. Promptly after obtaining knowledge thereof, in the event of a breach in any material respect (without regard to any materiality qualifier contained in such representation, warranty or covenant) of any of the Seller’s 's representations, warranties or covenants contained herein, the Seller shall promptly notify the Issuer, the Indenture Trustee, the CPUC PUCT and the Rating Agencies of such breach. For the avoidance of doubt, any breach which would adversely affect scheduled payments on the Recovery Bonds will be deemed to be a material breach for purposes of this Section 4.104.13.
Appears in 1 contract
Samples: Transition Property Purchase and Sale Agreement (Oncor Electric Delivery Transition Bond Co LLC)
Notice of Breach to Rating Agencies, Etc. Promptly after obtaining knowledge thereof, in the event of a breach in any material respect (without regard to any materiality qualifier contained in such representation, warranty or covenant) of any of the Seller’s -s representations, warranties or covenants contained herein, the Seller shall promptly notify the Issuer, the Indenture Trustee, the CPUC PUCT and the Rating Agencies of such breach. For the avoidance of doubt, any breach which would adversely affect scheduled payments on the Recovery Transition Bonds will be deemed to be a material breach for purposes of this Section 4.104.12.
Appears in 1 contract
Samples: Transition Property Purchase and Sale Agreement (Entergy Gulf States Reconstruction Funding I, LLC)
Notice of Breach to Rating Agencies, Etc. Promptly after obtaining knowledge thereof, in the event of a breach in any material respect (without regard to any materiality qualifier contained in such representation, warranty or covenant) of any of the Seller’s 's representations, warranties or covenants contained herein, the Seller shall promptly notify the Issuer, the Indenture Trustee, the CPUC Trustee and the Rating Agencies of such breach. For the avoidance of doubt, any breach which would adversely affect scheduled payments on the Storm Recovery Bonds will be deemed to be a material breach for purposes of this Section 4.10.4.12. Section 4.13
Appears in 1 contract
Samples: Sale Agreement (Cleco Katrina/Rita Hurricane Recovery Funding LLC)
