Examples of Energy transition bonds in a sentence
The Indenture Trustee, as indenture trustee on behalf of the Secured Parties of the Series A Energy Transition Bonds, acknowledges such Grant and accepts the trusts under this Supplement and the Indenture in accordance with the provisions of this Supplement and the Indenture.
This Supplement amends, modifies and supplements the Indenture only insofar as it relates to the Series A Energy Transition Bonds.
The waiver and release are part of the consideration for issuance of the Series A Energy Transition Bonds.
The Series A Energy Transition Bonds shall be Book-Entry Energy Transition Bonds, and the applicable provisions of Section 2.11 of the Indenture shall apply to the Series A Energy Transition Bonds.
The foregoing Grant is made in trust to secure the Secured Obligations equally and ratably without prejudice, priority or distinction, except as expressly provided in the Indenture, to secure compliance with the provisions of the Indenture with respect to the Series A Energy Transition Bonds, all as provided in the Indenture and to secure the performance by the Issuer of all of its obligations under the Indenture.
The Series A Energy Transition Bonds shall be issuable in denominations of $2,000 and integral multiples of $1,000 in excess thereof, except for one bond of each Tranche, which may be a smaller denomination (the “Authorized Denominations”).
The Indenture Trustee shall deliver the Series A Energy Transition Bonds to the Issuer when authenticated in accordance with Section 2.03 of the Indenture.
The amount payable with respect to the Series A Energy Transition Bonds pursuant to Section 8.02(e)(i) of the Indenture shall not exceed $200,000 annually prior to an Event of Default.
Section 9.01 of the Indenture provides, among other things, that the Issuer and the Indenture Trustee may at any time enter into an indenture supplemental to the Indenture for the purposes of authorizing the issuance by the Issuer of a Series of the Energy Transition Bonds and specifying the terms thereof.
The Holders of not less than a majority of the Outstanding Amount of the Energy Transition Bonds may remove the Indenture Trustee by so notifying the Indenture Trustee not less than 31 days prior to the date of removal and may appoint a successor Indenture Trustee.