Eligible Securitization Bonds definition
Eligible Securitization Bonds means securities, however denominated, that are issued by any direct or indirect Subsidiary of the Borrower or any other Person under which recourse is limited to assets that are primarily rights to collect charges that are authorized by law (including, without limitation, pursuant to any order of any governmental authority authorized by law to regulate public utilities) to be invoiced to customers of the Borrower.
Eligible Securitization Bonds means securities, however denominated, that are issued by any direct or indirect Subsidiary of the Borrower or any other Person under which recourse is limited to assets that are primarily rights to collect charges that are authorized by law (including, without limitation, pursuant to any order of any governmental authority authorized by law to regulate public utilities) to be invoiced to customers of the Borrower or any direct or indirect Subsidiary of the Borrower.
Eligible Securitization Bonds means securities, however denominated, that are issued by any direct or indirect subsidiary of the Borrower or any other Person under which recourse is limited to assets that are primarily rights to collect charges that are authorized by law (including, without limitation, pursuant to any order of any governmental authority authorized by law to regulate public utilities) to be invoiced to customers of the Borrower, where the proceeds of such securities are used to finance (i) Stranded Costs, (ii) Disaster Recovery Costs, (iii) a capital contribution to the Borrower, which capital contribution is calculated in relation to the amount of the Borrower's Disaster Recovery Costs, and (iv) in all cases, any issuance and/or financing costs for such securities, any related reserves or overcollateralization accounts and other costs related to supporting, servicing, repaying and retiring such securities.
Examples of Eligible Securitization Bonds in a sentence
The Investment Recovery Bonds constitute Eligible Securitization Bonds as such term is defined in the Credit Agreement and, accordingly, neither (i) the transfer of the Investment Recovery Property pursuant to the Sale Agreement nor (ii) the creation of the lien on the Investment Recovery Property in favor of the Indenture Trustee for the benefit of the Bondholders will conflict with, or result in a default under, the Credit Agreement.
More Definitions of Eligible Securitization Bonds
Eligible Securitization Bonds means securities, however denominated, that are issued by any direct or indirect subsidiary of the Borrower or any other Person under which recourse is limited to assets that are primarily rights to collect charges that are authorized by law (including, without limitation, pursuant to any order of any governmental authority authorized by law to regulate public utilities) to be invoiced to customers of the Borrower or any direct or indirect subsidiary of the Borrower, where the proceeds of such securities are used to finance (i) Stranded Costs, (ii) Disaster Recovery Costs, (iii) a capital contribution to any direct or indirect subsidiary of the Borrower, which capital contribution is calculated in relation to the amount of such direct or indirect subsidiary's Disaster Recovery Costs, and (iv) in all cases, any issuance and/or financing costs for such securities, any related reserves or overcollateralization accounts and other costs related to supporting , servicing, repaying and retiring such securities.
Eligible Securitization Bonds means securities, however denominated, that are issued by any direct or indirect subsidiary of the Borrower or any other Person under which recourse is limited to assets that are primarily rights to collect charges that are authorized by law (including, without limitation, pursuant to any order of any governmental authority authorized by law to regulate public utilities) to be invoiced to customers of the Borrower or any direct or indirect subsidiary of the Borrower, where the proceeds of such securities are used to finance (i) Stranded Costs, (ii) Disaster Recovery Costs, (iii) a capital contribution to any direct or indirect subsidiary of the Borrower, which capital contribution is calculated in relation to the amount of such direct or indirect subsidiary's Disaster Recovery Costs, and (iv) in all cases, any issuance and/or financing costs for such securities, any related reserves or overcollateralization accounts and other costs related to supporting, servicing, repaying and retiring such securities. "Entergy Arkansas" means Entergy Arkansas, Inc., an Arkansas corporation, or its successors and permitted assigns.