Lease Indentures definition
Examples of Lease Indentures in a sentence
In addition, pursuant to Section 3.9(b) of the Beaver Valley Unit 2 Lease Indentures, DLC will assume all of the obligations of the Beaver Valley Unit 2 Owner Trustees under those indenture and the notes issued and outstanding thereunder (the "Beaver Valley Unit 2 Indentures Notes") and shall make all payments required thereby.
The Initial Payment will be distributed in accordance with the provisions of the Lease Indentures.
Exercise of Rights and Powers Under Pledged Lessor Notes and Lease Indentures.................................
The Pledged Lessor Notes and the Lease Indentures relating to any series of Bonds shall contain the provisions summarized below or other provisions substantially as protective or more protective of the interests of Holders of Outstanding Bonds.
Receipt by the Trustee of the Officers' Certificate referred to in clause (2) above shall be conclusively presumed for all purposes of this Indenture to establish that the Lease Indentures, the Leases and the Pledged Lessor Notes referred to in such certification comply with the requirements of Exhibit A hereto.
All Pledged Lessor Bonds (as hereinafter defined) as shall be actually pledged and assigned by the Company to the Trustee pursuant to the Series Supplemental Indentures or other supplemental indentures to be executed and delivered as provided in this Indenture, together with the interest of the Company, if any, in the Lease Indentures (as hereinafter defined) securing said Pledged Lessor Bonds.
This Agreement shall in no way be construed to limit or preclude in any manner any right of the Owner Lessor Parties to purchase or assume the Lessor Notes pursuant to Sections 2.10 or 2.12 of the Lease Indentures.
Upon the occurrence and during the continuance of a Lease Event of Default under both Facility Leases, both Lease Indenture Trustees shall, so long as the Lien of their respective Lease Indentures shall not have been terminated or discharged, have the right to the exclusion of PPL Montana and either Owner Lessor, to jointly appoint the representative to the Owner's Committee and direct all such representative's actions and votes thereunder.
Upon the occurrence and during the continuance of a Lease Event of Default under both Facility Leases, both Lease Indenture Trustees shall, so long as the Lien of their respective Lease Indentures shall not have been terminated or discharged, have the right to the exclusion of PPL Montana and either Owner Lessor, to jointly direct the parties appointed pursuant to Section 2(b) in the exercise of all of PPL Montana's rights under the Vote Sharing Agreement with respect to the Shared Vote.
No such rescission shall affect any subsequent default or impair any right consequent thereon and no such annulment shall take place unless all declarations of acceleration of all Pledged Lessor Notes theretofore given have also been annulled in accordance with the terms of the applicable Lease Indentures.