Qualified Rate Order definition
Examples of Qualified Rate Order in a sentence
The Servicer shall institute any action or proceeding necessary to compel performance by the PUC or the Commonwealth of Pennsylvania of any of their obligations or duties under the Statute or the Qualified Rate Order with respect to the Intangible Transition Property.
To assure uniform quality in servicing the Serviced Intangible Transition Property and to reduce administrative costs, the Servicer shall keep on file, in accordance with its customary procedures, all documents relating to the Intangible Transition Property, including copies of the Qualified Rate Order and all documents filed with the PUC in connection with any Intangible Transition Charges Adjustment (collectively, the "Intangible Transition Property Documentation").
The Servicer further agrees to take such legal or administrative actions, including without limitation defending against or instituting and pursuing legal actions and appearing or testifying at hearings or similar proceedings, as may be reasonably necessary to block or overturn any attempts to cause a repeal of, modification of or supplement to the Rate Stabilization Law or any Qualified Rate Order.
Such Servicing Fee shall be determined without regard to the income of the Issuer, shall not be deemed to constitute distributions to the recipient of any profit, loss or capital of the Issuer, shall not be considered an Operating Expense of the Issuer, and shall be subject to any limitations on such expenses set forth in the Applicable Qualified Rate Order.
The Servicer shall institute any action or proceeding necessary to compel performance by the PUC or the Commonwealth of Pennsylvania of any of their obligations or duties under the Competition Act or the Qualified Rate Order with respect to the Intangible Transition Property.
The Servicing Fee shall be modified, and this Section 6.05(a) shall be deemed to have been amended, without further act or deed by any Person to reflect any such modification or amendment, to the extent provided in any Qualified Rate Order issued by the PSC providing for the issuance of an additional series of Rate Stabilization Bonds.
The aggregate Outstanding Amount of Rate Stabilization Bonds that may be authenticated and delivered under this Indenture shall not exceed the aggregate of the amounts of Rate Stabilization Bonds that are authorized in each Applicable Qualified Rate Order but otherwise shall be unlimited.
Any services required for or contemplated by the performance of the above-referenced services by the Administrator to be provided by unaffiliated third parties (including independent auditors' fees and counsel fees) may, if provided for or otherwise contemplated by any related Qualified Rate Order issued by the PSC and if the Issuer deems it necessary or desirable, be arranged by the Issuer or by the Administrator at the direction (which may be general or specific) of the Issuer.
Pursuant to and in accordance with the Applicable Qualified Rate Order, amounts received from any Third-Party Collector as a security deposit shall be deposited into the applicable TPC Deposit Account.
The Issuer shall have made or caused to be made all filings with the PSC, the Maryland State Department of Assessments and Taxation, and the Delaware Secretary of State pursuant to the Qualified Rate Order, the Rate Stabilization Law and the UCC and all other filings necessary to perfect the Grant of the Series Rate Stabilization Bond Collateral to the Indenture Trustee and the Lien of this Indenture.