Regulatory Statement. Pursuant to the terms of an order issued by the New Mexico Public Regulation Commission and a stipulation that has been approved by the New Mexico Public Regulation Commission, the Borrower is required to include the following separateness covenants in any debt instrument: The Borrower and PSNM are being operated as separate corporate and legal entities. In agreeing to make loans to the Borrower, the Borrower’s lenders are relying solely on the creditworthiness of the Borrower based on the assets owned by the Borrower, and the repayment of the loan will be made solely from the assets of the Borrower and not from any assets of PSNM; and the Borrower’s lenders will not take any steps for the purpose of procuring the appointment of an administrative receiver or the making of an administrative order for instituting any bankruptcy, reorganization, insolvency, wind up or liquidation or any like proceeding under applicable law in respect of PSNM.
Regulatory Statement. Pursuant to the terms of an order issued by the New Mexico Public Regulation Commission, the Borrower is required to include the following separateness covenants in any debt instrument:
Regulatory Statement. Pursuant to the terms of an order issued by the NMPRC and a stipulation that has been approved by the NMPRC, the Borrower is required to include the following separateness covenants in any debt instrument:
Regulatory Statement. Pursuant to the terms of an order issued by the New Mexico Public Regulation Commission each of the Company and its corporate parent, PNM Resources, Inc. ("Parent") is required to include the following covenants in any debt instrument: The Company and its Parent are being operated as separate corporate and legal entities. In agreeing to make loans to Parent, Parent's lenders are relying solely on the creditworthiness of Parent based on the assets owned by Parent, and the repayment of the loan will be made solely from the assets of Parent and not from any assets of the Company; and the Parent's lenders will not take any steps for the purpose of procuring the appointment of an administrative receiver or the making of an administrative order for instituting any bankruptcy, reorganization, insolvency, wind up or liquidation or any like proceeding under applicable law in respect of the Company.
Regulatory Statement. (a) The Company and each of its Utility Subsidiaries are being operated as separate corporate and legal entities. Each Holder of any Note by his acceptance thereof shall be deemed to have relied solely on the creditworthiness of the Company based on the assets owned by it, and agreed that the payment of the principal of and any premium and interest on such Note shall be made solely from the assets of the Company and not from any assets of any Utility Subsidiary.
Regulatory Statement. Pursuant to the terms of an order issued by the New Mexico Public Regulation Commission and a stipulation that has been approved by the New Mexico Public Regulation Commission, the Company is required to include the following separateness covenants in any debt instrument: The Company, PSNM and TNMP are being operated as separate corporate and legal entities. In agreeing to make loans to the Company, the Company's lenders are relying solely on the creditworthiness of the Company based on the assets owned by the Company, and the repayment of the loan will be made solely from the assets of the Company and not from any assets of PSNM or TNMP; and the Company's lenders will not take any steps for the purpose of procuring the appointment of an administrative receiver or the making of an administrative order for instituting any bankruptcy, reorganization, insolvency, wind up or liquidation or any like proceeding under applicable law in respect of PSNM or TNMP.
Regulatory Statement. 60 11.18 USA Patriot Act Notice. 61 11.19 Acknowledgment. 61 11.20 Replacement of Lenders. 61
Regulatory Statement. Pursuant to the terms of an order issued by the New Mexico Public Regulation Commission and a stipulation that has been approved by the New Mexico Public Regulation Commission, the Guarantor is required to include the following separateness covenants in any debt instrument: The Guarantor and PSNM are being operated as separate corporate and legal entities. In agreeing to make loans to the Borrower, the Lenders are relying solely on the creditworthiness of the Loan Parties based on the assets owned by the Loan Parties, and the repayment of the loan will be made solely from the assets of the Loan Parties and not from any assets of PSNM; and the Lenders will not take any steps for the purpose of procuring the appointment of an administrative receiver or the making of an administrative order for instituting any bankruptcy, reorganization, insolvency, wind up or liquidation or any like proceeding under applicable law in respect of PSNM. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
Regulatory Statement. 2. Our Services
Regulatory Statement. Pursuant to the terms of an order issued by the New Mexico Public Regulation Commission and a stipulation that has been approved by the New Mexico Public Regulation Commission, the Parent Guarantor is required to include the following separateness covenants in any debt instrument: The Parent Guarantor and Public Service Company of New Mexico, a New Mexico corporation (“PSNM”) are being operated as separate corporate and legal entities. In agreeing to make loans to the Parent Guarantor, the Parent Guarantor’s lenders are relying solely on the creditworthiness of the Parent Guarantor based on the assets owned by the Parent Guarantor, and the repayment of the loan will be made solely from the assets of the Parent Guarantor and not from any assets of PSNM; and the Parent Guarantor’s lenders will not take any steps for the purpose of procuring the appointment of an administrative receiver or the making of an administrative order for instituting any bankruptcy, reorganization, insolvency, wind up or liquidation or any like proceeding under applicable law in respect of PSNM.
