Bondable Property definition

Bondable Property means the Mortgaged Property as of the date of this Indenture, plus any property acquired or constructed by the Company which is included in the Mortgaged Property after the date of this Indenture, subject to the following:

Bondable Property means property consisting of the

Bondable Property means the Mortgaged Property as of March 1, 2022, plus any property acquired or constructed by the Company which is included in the Mortgaged Property after March 1, 2022:

Examples of Bondable Property in a sentence

• No Bonds shall be authenticated and delivered at any time under this Article III upon the basis of Bonded Bondable Property.

• Bonds of any one or more series may be authenticated and delivered under this Article III in a principal amount not exceeding 70% of the amount of Unbonded Bondable Property existing at the time of such application as stated on the Engineer’s Certificate provided for in Section 3.04(c).

• The Cost or Fair Value of any Bondable Property and the fair value to the Company in cash of any securities or other property delivered in payment therefor or for the acquisition thereof and the amounts of any deductions and any additions made in respect of Bondable Property pursuant to Section 1.03(l)(ii) or Section 1.03(l)(iii) shall be determined for the purposes of this Article III by the certificates provided for in Section 3.04.

• The phrase "seventy percent (70%)" appearing in the instructions between item 6 and item 7 in the form of Summary Certificate of Bondable Capacity contained in Section 4.02B of the Existing Indenture is amended to read "sixty-six and two-thirds percent (66 2/3%)." (e) Section 4.02 Bondable Property Definition.

• Bonds issuable to specified percentage of Bondable Property 17 Section 3.04.

More Definitions of Bondable Property

Bondable Property means all Property Additions, and all property owned by the Company on the Cut-Off Date which would constitute Property Additions if acquired after that date (except for the requirement to deliver Title Evidence with respect to such property), but Bondable Property shall not include any Excepted Property or Excludable Property.

Bondable Property means and comprise any property now owned by Mortgagor, located in the State of Texas, which is used by or useful to Mortgagor in the business of furnishing, transmitting, generating, or distributing electricity, for heat, light, power or other uses, or in any business which is incidental thereto, including, without limiting the generality of the foregoing, all properties necessary or appropriate for purchasing, transmitting, supplying, distributing, generating, and/or disposing of electricity, together with betterments, improvements, additions, repairs, replacements, or alterations, of, upon and to such property of Mortgagor and equipment and appliances installed as a part of the operating property of Mortgagor; provided that such property shall be property which Mortgagor under its charter and all applicable laws shall be lawfully authorized to own and use in the business in connection with which such property is used or to be used by it. Except as otherwise provided in this Instrument, the Mortgaged Property to remain so granted and conveyed for the benefit of Mortgagee until the satisfaction of all Obligations and a written cancellation of this Instrument signed by Mortgagee, Mortgagor being hereby obligated, except as otherwise provided in this Instrument, not to sell, alienate, deteriorate or otherwise encumber the Mortgaged Property to the prejudice of this Instrument, and not to permit or suffer the same to be so sold, alienated, deteriorated or encumbered.

Bondable Property. 4 "Bonded" or "Bonding" 7 "Bondholder" 8 "Bonds" 8 "Business Day" 8 "Company" 8 "Cost" 8 "Coupon Bond" 9 "Default" 9 "Engineer" 9 "Engineer's Certificate11 9 "Excepted Property" 9 "Fair Value" II "Generally Accepted Accounting Principles" 11 "Governmental Obligations" 12 "Indenture" 12 "Independent" 12 "Lien of this Indenture" 12 " 1946 Mortgage" 12 "1946 Mortgage Bonds" 12 ''Mortgaged Property" 12 "Officers' Certificate" 13 "Opinion of Counsel" 13 "Outstanding" 13 "Permissible Encumbrances" 13 "Person" 16 "Prior Lien" 16

Bondable Property. As defined in the Mortgage Indenture.

Bondable Property means (i) all mortgaged and pledged property owned by the Company on July 1, 1950, and which would constitute property additions if purchased, constructed, erected or otherwise acquired by the Company subsequent to June 30, 1950, and (ii) property additions. nonbondable property:

Bondable Property means all Property Additions, and all property owned by the Company on the Cut-Off Date which would constitute Property Additions if acquired after that date (except for the requirement to deliver Title Evidence with respect to such property).

Bondable Property means and comprises any property now owned or hereafter acquired by the Company, located in the United States of America and coastal waters having its protection, which is used by or useful to the Company in the business of furnishing or distributing electricity, (except as provided below) for heat, light, power or other uses, or in any business which is incidental thereto, including, without limiting the generality of the foregoing, all properties necessary or appropriate for purchasing, generating, manufacturing, producing, utilizing, transmitting, supplying, distributing and/or disposing of electricity, together with betterments, improvements, additions, repairs, replacements, or alterations, of, upon and to such property of the Company and equipment and appliances installed as a part of the operating property of the Company; provided that such property shall be property which the Company under its charter and all applicable laws shall be lawfully authorized to own and as to which the Company has or expects to be able to obtain the franchises, licenses, permits and other rights necessary for the maintenance and use thereof. The term Bondable Property shall not be deemed to include any property excepted from the Lien of this Indenture by paragraphs A to G, inclusive, of Clause VII of the Granting Clauses hereof.