Common use of The Financing Order Clause in Contracts

The Financing Order. (a) The Financing Order was issued by the Kansas Commission on August 18, 2022 in accordance with the Securitization Act; the Financing Order and the process by which it was issued comply with all applicable laws, rules and regulations of the State of Kansas and the federal laws of the United States, and the Financing Order is final, non-appealable and in full force and effect. (b) As of the date of issuance of the Securitized Utility Tariff Bonds, the Securitized Utility Tariff Bonds will be entitled to the protections provided by the Securitization Act and the Financing Order, the Issuance Advice Letter and the Securitized Utility Tariff Charges authorized therein will have become irrevocable and not subject to reduction, impairment or adjustment by further action of the Kansas Commission, except for changes made pursuant to the adjustment mechanism authorized under the Securitization Act, and the Issuance Advice Letter and the Securitized Utility Tariff have been filed in accordance with the Financing Order. The Issuance Advice Letter have been filed in accordance with the Financing Order. The initial Securitized Utility Tariff Charges and the final terms of the Securitized Utility Tariff Bonds set forth in the Issuance Advice Letter have become effective. No other approval, authorization, consent, order or other action of, or filing with any Governmental Authority is required in connection with the creation of the Securitized Utility Tariff Property transferred on such date, except those that have been obtained or made.

The Financing Order. (a) The Financing Order was issued by the Kansas Commission on August 18October 25, 2022 in accordance with the Securitization Act; the Financing Order and the process by which it was issued comply with all applicable laws, rules and regulations of the State of Kansas and Kansas, including the federal laws of the United States, Securitization Act; and the Financing Order is final, non-appealable and in full force and effect. (b) As of the date of issuance of the Securitized Utility Tariff Bonds, the Securitized Utility Tariff Bonds will be entitled to the protections provided by the Securitization Act and the Financing Order, the Issuance Advice Letter and the Securitized Utility Tariff Charges authorized therein will have become irrevocable and not subject to reduction, impairment or adjustment by further action of the Kansas Commission, except for changes made pursuant to the adjustment mechanism authorized under the Securitization Act, and the Issuance Advice Letter and the Securitized Utility Tariff have has been filed in accordance with the Financing Order. The Issuance Advice Letter have been filed in accordance with the Financing Order. The initial Securitized Utility Tariff Charges and the final terms of the Securitized Utility Tariff Bonds set forth in the Issuance Advice Letter have become effective. No other approval, authorization, consent, order or other action of, or filing with any Governmental Authority is required in connection with the creation of the Securitized Utility Tariff Property transferred on such date, except those that have been obtained or made.