Examples of CRR Bonds in a sentence
Code § 104.366 approving the issuance of CRR Bonds and the creation of Customer Rate Relief Property and associated CRR Charges for the recovery of regulatory assets, including extraordinary costs, related financing costs, and other costs authorized by the Financing Order.
The CRR Charge will be adjusted no less frequently than annually, in accordance with the terms of the Servicing Agreement (as defined in the Financing Order), to ensure that the expected collection of CRR Charges is adequate to pay when due, pursuant to the expected amortization schedule, principal and interest on the CRR Bonds and together with all other financing costs, bond administrative expenses and other costs, as provided in the Financing Order, on a timely basis.
This rate schedule shall remain in effect until the CRR Charges have been collected and remitted to the Indenture Trustee in an amount sufficient to satisfy all obligations in regard to paying principal and interest on the CRR Bonds together with all other financing costs, bond administrative expenses and other costs as provided in the Financing Order.
Upon debit of the Bonds from the Issuer Account and withdrawal of the Certificate from safekeeping and recordkeeping / discontinuance of centralized recordkeeping of rights to CRR Bonds due to early redemption of the Bond issue or due to the Bond issuance being recognized as failed or invalid, the fees payable for NSD's services with respect to the Bond issue shall be adjusted.
The services provided during the calendar months starting from the Bond Services Start Date through the date of Certificate withdrawal from safekeeping and recordkeeping / discontinuance of centralized recordkeeping of rights to CRR Bonds (inclusive) shall be deemed to be the services actually provided to the Issuer; any incomplete calendar month shall be treated as complete.
NSD shall issue a bill and provide other Billing Documents for the Bond services provided, within five (5) business days following the date of Certificate withdrawal from safekeeping and recordkeeping / discontinuance of centralized recordkeeping of rights to CRR Bonds.