Common use of Repayment of Securitization Facility Clause in Contracts

Repayment of Securitization Facility. Evidence satisfactory to the Lender that the Securitization Facility shall be permanently repaid in full and the collateral trust arrangement holding subordinated notes related to the Securitization Facility in favor of secured trading counterparties has been terminated.

Appears in 2 contracts

Samples: Working Capital Facility (Reliant Energy Inc), Working Capital Facility (Reliant Energy Inc)

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Repayment of Securitization Facility. Evidence satisfactory to the Lender Sleeve Provider that the Securitization Facility shall be permanently repaid in full and the collateral trust arrangement holding subordinated notes related to the Securitization Facility in favor of secured trading counterparties has been terminated.

Appears in 2 contracts

Samples: Credit Sleeve and Reimbursement Agreement (Reliant Energy Inc), Credit Sleeve and Reimbursement Agreement (Reliant Energy Inc)

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