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.
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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.
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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.
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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.
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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.
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Related to Eligible Securitization Bonds

  • First Securitization means the earliest to occur of the Note A-1 Securitization and the Note A-2 Securitization.

  • Note A-4 Securitization Date means the closing date of the Note A-4 Securitization.

  • Qualified Securitization Facility means any Securitization Facility (1) constituting a securitization financing facility that meets the following conditions: (a) the Board of Directors will have determined in good faith that such Securitization Facility (including financing terms, covenants, termination events and other provisions) is in the aggregate economically fair and reasonable to the Borrower and the applicable Restricted Subsidiary or Securitization Subsidiary and (b) all sales or contributions of Securitization Assets and related assets to the applicable Person or Securitization Subsidiary are made at fair market value (as determined in good faith by the Borrower) or (2) constituting a receivables financing facility.

  • Qualified Securitization Financing means any Securitization Facility of a Securitization Subsidiary that is non-recourse to the Issuer or any Subsidiaries (other than Standard Securitization Undertakings) other than a Securitization Subsidiary and that meets the following conditions: (i) the Board of Directors of the Issuer shall have determined in good faith that such Qualified Securitization Financing (including financing terms, covenants, termination events and other provisions) is in the aggregate economically fair and reasonable to the Issuer and its Restricted Subsidiaries, (ii) all sales of Securitization Assets and related assets by the Issuer or any Restricted Subsidiary to the Securitization Subsidiary or any other Person are made at fair market value (as determined in good faith by the Issuer) and (iii) the financing terms, covenants, termination events and other provisions thereof shall be market terms (as determined in good faith by the Issuer) and may include Standard Securitization Undertakings. The grant of a security interest in any Securitization Assets of the Issuer or any of its Restricted Subsidiaries (other than a Securitization Subsidiary) to secure Indebtedness under the Senior Secured Credit Facilities or the ABL Facility prior to engaging in any securitization financing shall not be deemed a Qualified Securitization Financing.