Commonwealth Pledge definition

Commonwealth Pledge means the pledge of the Commonwealth of Virginia as set forth in Section 56-249.6:2 J 1 of the Deferred Fuel Cost Statute and in the Financing Order.
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Commonwealth Pledge has the meaning set forth in Section 10.01(a).
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Examples of Commonwealth Pledge in a sentence

  • Further, the Certificate Issuer does hereby pledge and agree with the Note Issuer and the Holders of the Certificates that it will not act in a manner inconsistent with the Commonwealth Pledge and will not take any action that would impair any rights of the Note Issuer or the Holders of the Certificates or the Notes, the Transition Property or the Certificates.

  • In addition, the Trust has pledged and agreed with the Note Issuer and the Holders that it will not act in a manner inconsistent with the Commonwealth Pledge and will not take any action that would impair any rights of the Note Issuer or the Holders in the Notes, the Transition Property or the Certificates.

  • The Issuer hereby acknowledges that the purchase of any Deferred Fuel Cost Bond by a Holder or the purchase of any beneficial interest in a Deferred Fuel Cost Bond by any Person and the Indenture Trustee’s obligations to perform hereunder are made in reliance on the Commonwealth Pledge.

  • On this record, there is ample evidence to overcome the general presumption against statutory contracts and to conclude that the Commonwealth Pledge creates a contractual relationship between the Commonwealth and the Bondholders under the Federal Contract Clause.

  • Like the language of the covenants considered in U.S. Trust and Brand, the language of the Commonwealth Pledge manifests the Virginia General Assembly’s intent to bind the Commonwealth.

  • And “[t]he tenor” of the Commonwealth Pledge, as in Brand, indicates that those words were “not used inadvertently or in other than [their] usual legal meaning.”24 Also consistent with the language at issue in U.S. Trust, the Commonwealth Pledge names the beneficiaries of the Commonwealth’s pledge and agreement.

  • In fact, the witness testified that her granddad, Hoyt, despised alcohol and would not allow it at his house or on his premises.

  • The Additional Borrower acknowledges and confirms that it has received a copy of the Credit Agreement, the other Credit Documents and all exhibits thereto and has reviewed and understands all of the terms and provisions thereof.

  • Finally, it bears mention that the Commonwealth authorized an issuer of deferred fuel cost bonds to include the Commonwealth Pledge in contracts with the holders of deferred fuel cost bonds (such as the Bondholders).

  • Subject to the qualifications, limitations, and assumptions set forth in this letter, it is our opinion that a reviewing court of competent jurisdiction, in a properly prepared and presented case, would conclude that the Commonwealth Pledge constitutes a contractual relationship between the Bondholders and the Commonwealth under the Virginia Contract Clause.

Related to Commonwealth Pledge

  • Commonwealth means the Commonwealth of Australia and includes the Government for the time being thereof;

  • Commonwealth Act means the Workplace Relations Act 1996 of the Commonwealth;

  • Commonwealth Entity means any government body which is subject to the Public Governance, Performance and Accountability Xxx 0000 (Cth).

  • Commonwealth Citizen means any person who has the status of a Commonwealth citizen under the British Nationality Act 1981, not covered by the ‘UK Nationality’ definition above. This includes British Dependent Territories citizens (other than Gibraltarians), British Overseas citizens, and from 1986 those persons in the category British National (Overseas).

  • the Commonwealth means the Commonwealth of Australia as the party to this agreement;

  • COMMONWEALTH OF PENNSYLVANIA SS COUNTY OF PHILADELPHIA : The undersigned, being duly sworn, deposes and says that:

  • the Commonwealth Act means the legislation of the Commonwealth Parliament by which this agreement is authorized to be executed by or on behalf of the Commonwealth;

  • Commonwealth Minister means the local Minister within the meaning of the gas pipelines access legislation of the Commonwealth;

  • State of Utah means the State of Utah, in its entirety, including its institutions, agencies, departments, divisions, authorities, instrumentalities, boards, commissions, elected or appointed officers, employees, agents, and authorized volunteers.

  • State of Texas Textravel means the State Travel Management Program through the Texas Comptroller of Public Accounts website and Texas Administrative Code, Title 34, Part 1, Chapter 5, Subchapter C, Section 5.22, relative to travel reimbursements under this Contract, if any.

  • Utah This Agreement is subject to limited regulation by the Utah Insurance Department. To file a complaint, contact the Utah Insurance Department. Coverage afforded under this Agreement is not guaranteed by the Utah Property and Casualty Guaranty Association. Proof of loss should be furnished by You to the Administrator as soon as reasonably possible. Failure to furnish such notice or proof within the time required by this Agreement does not invalidate or reduce a claim. CANCELLATION section is amended as follows: We can cancel this Agreement during the first sixty (60) days of the initial annual term by mailing to You a notice of cancellation at least thirty (30) days prior to the effective date of cancellation except that We can also cancel this Agreement during such time period for non-payment of premium by mailing You a notice of cancellation at least ten (10) days prior to the effective date of cancellation. After sixty (60) days have elapsed, We may cancel this Agreement by mailing a cancellation notice to You at least ten (10) days prior to the cancellation date for non-payment of premium and thirty (30) days prior to the cancellation date for any of the following reasons: (a) material misrepresentation, (b) substantial change in the risk assumed, unless the We should reasonably have foreseen the change or contemplated the risk when entering into the Agreement or (c) substantial breaches of contractual duties, conditions, or warranties. The notice of cancellation must be in writing to You at Your last known address and contain all of the following: (1) the Agreement number, (2) the date of notice, (3) the effective date of the cancellation and, (4) a detailed explanation of the reason for cancellation. ARBITRATION section is amended to include the following: Any matter in dispute between You and Us may be subject to arbitration as an alternative to court action pursuant to the rules of (the American Arbitration Association or other recognized arbitrator), a copy of which is available on request from Us. Any decision reached by arbitration shall be binding upon both You and Us. The arbitration award may include attorney's fees if allowed by state law and may be entered as a judgment in any court of proper jurisdiction.

  • In this Commonwealth or "in the Commonwealth" means within the limits of the Commonwealth

  • AT&T SOUTH CAROLINA means the AT&T owned ILEC doing business in South Carolina.

  • Georgia means the territory recognised by the international community within the state borders of Georgia, including land territory, internal waters and territorial sea, the air space above them, in respect of which Georgia exercises its sovereignty, as well as the contiguous zone, the exclusive economic zone and continental shelf adjacent to its territorial sea, in respect of which Georgia may exercise its sovereign rights in accordance with the international law;

  • AT&T ILLINOIS means the AT&T owned ILEC doing business in Illinois.

  • State of Charge means the operating parameter that represents the quantity of physical energy stored (measured in units of megawatt-hours) in an Energy Storage Resource Model Participant in proportion to its maximum State of Charge capability. State of Charge is quantified as defined in the PJM Manuals.

  • STATE OF ss.: COUNTY OF ) On this ___ day of ________, 19__, before me, a notary public in and for the State of ____________, personally appeared __________ _________, known to me who, being by me duly sworn, did depose and say that he resides at __________________________; that he is the ____________________ of First Union National Bank, a national banking association, one of the parties that executed the foregoing instrument; and that he signed his name thereto by order of the Board of Directors of said association. Notary Public [NOTARIAL SEAL]

  • New Jersey CANCELLATION section is amended as follows: A ten percent (10%) penalty per month shall be applied to refunds not paid or credited within forty-five (45) days of receipt of returned Service Agreement.

  • State of Registry means, in respect of an aircraft, the State on the national register of which an aircraft is entered or the State of location of the common mark registering authority maintaining the aircraft register.

  • Laws means, collectively, all international, foreign, Federal, state and local statutes, treaties, rules, guidelines, regulations, ordinances, codes and administrative or judicial precedents or authorities, including the interpretation or administration thereof by any Governmental Authority charged with the enforcement, interpretation or administration thereof, and all applicable administrative orders, directed duties, requests, licenses, authorizations and permits of, and agreements with, any Governmental Authority, in each case whether or not having the force of law.

  • Uniform Commercial Code jurisdiction means any jurisdiction that has adopted all or substantially all of Article 9 as contained in the 2000 Official Text of the Uniform Commercial Code, as recommended by the National Conference of Commissioners on Uniform State Laws and the American Law Institute, together with any subsequent amendments or modifications to the Official Text.

  • Province means the procuring Department, incorporating the KwaZulu-Natal Provincial Legislature.

  • AT&T TENNESSEE means the AT&T owned ILEC doing business in Tennessee.

  • body governed by public law means any body:

  • Commonwealth Standard Grant Conditions means this document.

  • Islands (“Ynysoedd”) means the Channel Islands and the Isle of Man;