Examples of Energy Transition Act in a sentence
Such sale, transfer, assignment, setting over and conveyance is hereby expressly stated to be a sale or other absolute transfer and, pursuant to Section 62-18-14(A) of the Energy Transition Act, shall be treated as an absolute transfer and true sale and not as a pledge of or secured transaction relating to the Seller’s right, title, and interest in, to, and under the Series Property.
The Indenture and this Supplement constitute a security agreement within the meaning of the Energy Transition Act and under the UCC to the extent that the provisions of the UCC are applicable hereto.
The Issuer shall have made or caused to be made all filings with the Commission and the New Mexico Secured Transaction Registry pursuant to the Financing Order and the Energy Transition Act and all other filings necessary to perfect the Grant of the Collateral to the Indenture Trustee and the Lien of this Indenture and the Series Supplement, including but not limited to UCC Financing Statements in Delaware or New Mexico as applicable.
In any proceedings related to the exercise of the power of eminent domain by any municipality to acquire a portion of Public Service Company of New Mexico’s distribution facilities, the Servicer will assert that the court ordering such condemnation must treat such municipality as a successor to Public Service Company of New Mexico under the Energy Transition Act and the Financing Order.
The Indenture Trustee is specifically permitted and authorized, but not required to file financing statements covering the Collateral, including financing statements that describe the Collateral as “all assets” or “all personal property” of the Issuer and/or reflecting Section 62-18-13 of the Energy Transition Act.
This provision actually completed some first steps done in 2014.119It is a problem that the Energy Transition Act does not provide the adequate tools for a simplified harnessing of renewable energy sources.
The Required Capital Level for the Series A Energy Transition Bonds shall be equal to $[·]; provided that in no event shall the sum of the Required Capital Level for Series A Energy Transition Bonds and the Required Capital Level for all other outstanding series of energy transition bonds (as defined in the Energy Transition Act) issued by the Issuer be less than 0.5% of the total capital of the Issuer.
These values are considered to approximate the average annual total mortality over the last decade or so.
Notwithstanding anything to the contrary in this Servicing Agreement, the duties of the Servicer set forth in this Servicing Agreement shall be qualified and limited in their entirety by the Energy Transition Act, the Financing Order and any Commission Regulations as in effect at the time such duties are to be performed.
In accordance with the Financing Order, if more than one series of energy transition bonds (as defined in the Energy Transition Act) are outstanding, partial payments allocable to energy transition charges (as defined in the Energy Transition Act) shall be allocated pro rata based upon the amount of energy transition charges owing with respect to each series.