POR Receivable definition
POR Receivable means a payment obligation of a Utility to an Originator arising from the sale of a Purchased-by-Utility Receivable by such Originator to such Utility.
POR Receivable means all indebtedness and other obligations of any Obligor that is a Utility, whether constituting an account, chattel paper, instrument or general intangible, arising in connection with the sale of a Purchased-by-Utility Receivable by an Originator to such Utility, and further includes, without limitation, the obligation to pay any Finance Charges with respect thereto.
POR Receivable means all indebtedness and other obligations of any Obligor that is a Utility, whether constituting an account, chattel paper, instrument or general intangible, arising in connection with the sale of a Purchased-by-Utility Receivable by an Originator to such Utility, and further includes, without limitation, the obligation to pay any Finance Charges with respect thereto. “Potential Amortization Event” means an event which, with the passage of time or the giving of notice, or both, would constitute an Amortization Event. “Prime Rate” means a rate per annum equal to the prime rate of interest announced from time to time by MUFG or its parent (which is not necessarily the lowest rate charged to any customer), changing when and as said prime rate changes. “Proposed Reduction Date” has the meaning set forth in Section 1.3. “Pro Rata Share” means, for each Purchase Group, a percentage equal to (i) the Commitment of the Financial Institutions in such Purchase Group, divided by (ii) the aggregate amount of all Commitments of all Financial Institutions. “Purchase” means an Incremental Purchase or a Reinvestment. “Purchase Limit” means $1,100,000,000. “Purchase Notice” has the meaning set forth in Section 1.2(a).
More Definitions of POR Receivable
POR Receivable means an account receivable identified and referred to on (a) First Revised pages 91-93 and Second Revised page 94 of Supplement ▇▇. ▇ ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇. ▇▇▇ ▇▇. ▇▇ ▇▇▇ (▇) First Revised pages 33-35 of Supplement No. 4 to Tariff Gas Pa. PUC No. 1S which has been purchased by the Seller from an Other Energy Supplier in accordance with such Tariffs.”
POR Receivable means all POR Electric Receivables and all POR Gas Receivables. “Portion of Capital” means, with respect to any Lender and its related Capital, the portion of such Capital being funded or maintained by such Lender by reference to a particular interest rate basis. “Potential Amortization Event” means an event which, with the passage of time or the giving of notice, or both, would constitute an Amortization Event. “Prime Rate” means a rate per annum equal to the prime rate of interest announced from time to time by MUFG or its parent (which is not necessarily the lowest rate charged to any customer), changing when and as said prime rate changes. “Pro Rata Share” means, for each Group, a percentage equal to (i) the Commitment of the Committed Lenders in such Group, divided by (ii) the aggregate amount of all Commitments of all Committed Lenders. “Purchased-by-Utility Electric Program” means a “purchase of receivables” or similar program pursuant to which an Electric Utility agrees to purchase Electric Receivables from an Originator. “Purchased-by-Utility Electric Receivable” means any Electric Receivable sold or contracted to be sold, by an Originator to an Electric Utility pursuant to a Purchased-by-Utility Electric Program. “Purchased-by-Utility Gas Program” means a “purchase of receivables” or similar program pursuant to which a Gas Utility agrees to purchase Gas Receivables from an Originator. “Purchased-by-Utility Gas Receivable” means any Gas Receivable sold or contracted to be sold, by an Originator to a Gas Utility pursuant to a Purchased-by-Utility Gas Program. “Purchased-by-Utility Program” means a Purchased-by-Utility Electric Program or a Purchased-by-Utility Gas Program. “Purchased-by-Utility Receivable” means a Purchased-by-Utility Electric Receivable or a Purchased-by-Utility Gas Receivable. “RBC” means Royal Bank of Canada. “Receivable” means all End-User Receivables and POR Receivables; provided, however, that “Receivable” shall not include any Excluded Receivable. Indebtedness and other rights and obligations arising from any one transaction, including, without limitation, indebtedness and other