Common use of Payments Pledged and Assigned Clause in Contracts

Payments Pledged and Assigned. It is understood and agreed that all payments required to be made by the Company pursuant to Section 4.2 hereof (except payments made to the Trustee pursuant to Section 4.2(c) hereof, to the Remarketing Agent and the Auction Agent pursuant to Section 4.2(f) hereof, to the Issuer pursuant to Section 4.2(e) hereof and to any or all the Issuer and the Trustee and the Remarketing Agent pursuant to Section 4.2(g) hereof) and certain rights of the Issuer hereunder are pledged and assigned by the Indenture. The Company consents to such pledge and assignment. The Issuer hereby directs the Company and the Company hereby agrees to pay or cause to be paid to the Trustee all said amounts except payments to be made to the Remarketing Agent and the Auction Agent pursuant to Section 4.2(f) hereof and payments to be made to the Issuer pursuant to Sections 4.2(e) and (g) hereof. The Project will not constitute any part of the security for the Bonds, except to the extent that the Trustee as holder of G&R Notes has a lien on property under the G&R Indenture.

Appears in 9 contracts

Samples: Financing Agreement (Nevada Power Co), Financing Agreement (Nevada Power Co), Financing Agreement (Sierra Pacific Resources /Nv/)

AutoNDA by SimpleDocs

Payments Pledged and Assigned. It is understood and agreed that all payments required to be made by the Company pursuant to Section 4.2 hereof (except payments made to the Trustee or any Remarketing Agent pursuant to Section 4.2(c) hereof, to the Remarketing Agent and the Auction Agent pursuant to Section 4.2(f) hereof, to the Issuer pursuant to Section 4.2(e) hereof hereof, to any Remarketing Agent pursuant to Section 4.2(f) hereof, and to any or all of the Issuer and Issuer, the Trustee and the any Remarketing Agent pursuant to Section 4.2(g) hereof) and certain rights of the Issuer hereunder are pledged and assigned by the Indenture. The Company consents to such pledge and assignment. The Issuer hereby directs the Company and the Company hereby agrees to pay or cause to be paid to the Trustee all said amounts except payments to be made to the Remarketing Agent and the Auction Agent Issuer pursuant to Section 4.2(fSections 4.2(e) and (g) hereof and payments to be made to the Issuer any Remarketing Agent pursuant to Sections 4.2(e4.2(c), (f) and (g) hereof. The Project will not constitute any part of the security for the Bonds, except to the extent that the Trustee as the holder of the G&R Notes has a lien on property under the G&R Indenture.

Appears in 3 contracts

Samples: Financing Agreement (Nevada Power Co), Financing Agreement (Nevada Power Co), Financing Agreement (Sierra Pacific Power Co)

Payments Pledged and Assigned. It is understood and agreed that all payments required to be made by the Company pursuant to Section 4.2 hereof (except payments made to the Trustee pursuant to Section 4.2(c) hereof, to the Remarketing Agent and the Auction Agent pursuant to Section 4.2(f) hereof, to the Issuer pursuant to Section 4.2(e) hereof and to any or all the Issuer and the Trustee and the Remarketing Agent pursuant to Section 4.2(g) hereof) and certain rights of the Issuer hereunder are pledged and assigned by the Indenture. The Company consents to such pledge and assignment. The Issuer hereby directs the Company and the Company hereby agrees to pay or cause to be paid to the Trustee all said amounts except payments to be made to the Remarketing Agent and the Auction Agent pursuant to Section 4.2(f) hereof and payments to be made to the Issuer pursuant to Sections 4.2(e) and (g) hereof. The Project will not constitute any part of the security for the Bonds, except to the extent that the Trustee as holder of G&R Notes has a lien on property under the G&R Indenture.

Appears in 3 contracts

Samples: Financing Agreement (Sierra Pacific Power Co), Financing Agreement (Nevada Power Co), Financing Agreement (Sierra Pacific Power Co)

Payments Pledged and Assigned. It is understood and agreed that all payments required to be made by the Company pursuant to Section 4.2 hereof (except payments made to the Trustee or any Remarketing Agent pursuant to Section 4.2(c) hereof, to the Remarketing Agent and the Auction Agent pursuant to Section 4.2(f) hereof, to the Issuer pursuant to Section 4.2(e) hereof hereof, to any Remarketing Agent pursuant to Section 4.2(f) hereof, and to any or all of the Issuer and Issuer, the Trustee and the any Remarketing Agent pursuant to Section 4.2(g) hereof) and certain rights of the Issuer hereunder are pledged and assigned by the Indenture. The Company consents to such pledge and assignment. The Issuer hereby directs the Company and the Company hereby agrees to pay or cause to be paid to the Trustee all said amounts except payments to be made to the Remarketing Agent and the Auction Agent Issuer pursuant to Section 4.2(fSections 4.2(e) and (g) hereof and payments to be made to the Issuer any Remarketing Agent pursuant to Sections 4.2(e4.2(c), (f) and (g) hereof. The Project will not constitute any part of the security for the Bonds, except to the extent that the Trustee as holder of G&R Notes has a lien on property under the G&R Indenture.. 0000-0000-0000.5

Appears in 1 contract

Samples: Financing Agreement (Sierra Pacific Power Co)

AutoNDA by SimpleDocs

Payments Pledged and Assigned. It is understood and agreed that all payments required to be made by the Company pursuant to Section 4.2 hereof (except payments made to the Trustee or any Remarketing Agent pursuant to Section 4.2(c) hereof, to the Remarketing Agent and the Auction Agent pursuant to Section 4.2(f) hereof, to the Issuer pursuant to Section 4.2(e) hereof hereof, to any Remarketing Agent pursuant to Section 4.2(f) hereof, and to any or all of the Issuer and Issuer, the Trustee and the any Remarketing Agent pursuant to Section 4.2(g) hereof) and certain rights of the Issuer hereunder are pledged and assigned by the Indenture. The Company consents to such pledge and assignment. The Issuer hereby directs the Company and the Company hereby agrees to pay or cause to be paid to the Trustee all said amounts except payments to be made to the Remarketing Agent and the Auction Agent Issuer pursuant to Section 4.2(fSections 4.2(e) and (g) hereof and payments to be made to the Issuer any Remarketing Agent pursuant to Sections 4.2(e4.2(c), (f) and (g) hereof. The Project will not constitute any part of the security for the Bonds, except to the extent that the Trustee as the holder of the G&R Notes has a lien on property the Gas Facilities under the G&R Indenture.. 4846-1784-3503.10

Appears in 1 contract

Samples: Financing Agreement (Sierra Pacific Power Co)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!