Purpose; Nature of Business Permitted; Powers. The Company is intended to qualify as an “Assignee” as defined in N.C. Gen. Stat. §62-172(a)(1) of the Storm Recovery Law. The purposes for which the Company is formed are limited to:
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Duke Energy Progress NC Storm Funding LLC), Limited Liability Company Agreement (Duke Energy Carolinas NC Storm Funding LLC), Limited Liability Company Agreement (Duke Energy Progress NC Storm Funding LLC)
Purpose; Nature of Business Permitted; Powers. The Company is intended to qualify as an “Assignee” as defined in N.C. Gen. StatS.C. Code Axx. §62§ 58-172(a)(127-1105(2) of the Storm Recovery Law. The purposes for which the Company is formed are limited to:
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Duke Energy Progress SC Storm Funding LLC), Limited Liability Company Agreement (Duke Energy Progress SC Storm Funding LLC), Limited Liability Company Agreement (Duke Energy Progress SC Storm Funding LLC)
