Qualified Transition Bonds of the Borrower shall mean securities, however denominated, that are (i) issued by a Qualified Transition Bond Issuer, (ii) secured by or otherwise payable from transition charges authorized pursuant to the financing order referred to in clause (iii) (A) of the definition of “Qualified Transition Bond Issuer”, and (iii) non-recourse to the Borrower or any of its Consolidated Subsidiaries (other than the issuer of such securities).
Qualified Transition Bonds means securities, however denominated, that are (i) issued by a Consolidated Subsidiary formed and operating solely for the purpose of (A) purchasing and owning transition property created under a "financing order" (as such term is defined in the Texas Utilities Code) issued by the Public Utility Commission of Texas, (B) issuing such securities pursuant to such order, (C) pledging its interests in such transition property to secure such securities and (D) engaging in activities ancillary to those described in clauses (A), (B) and (C) above, (ii) secured by or otherwise payable from transition charges authorized pursuant to such order, and (iii) non-recourse to TXU or any of its other Consolidated Subsidiaries.
Qualified Transition Bonds of any Borrower shall mean securities, however denominated, that are (i) issued by such Borrower or a Consolidated Subsidiary of such Borrower formed and operating solely for the purpose of (A) purchasing and owning transition property created under a "financing order" (as such term is defined in the Texas Utilities Code) issued by the Commission, (B) issuing such securities pursuant to such order, (C) pledging its interests in such transition property to secure such securities and (D) engaging in activities ancillary to those described in clauses (A), (B) and (C) above, (ii) secured by or otherwise payable from transition charges authorized pursuant to such order, and (iii) non-recourse to such Borrower or any of its Consolidated Subsidiaries (other than the issuer of such securities).
More Definitions of Qualified Transition Bonds
Qualified Transition Bonds means securities, however denominated, that are (i) issued by a Qualified Transition Bond Issuer, (ii) secured by or otherwise payable from transition charges authorized pursuant to a "financing order" (as such term is defined in the Texas Utilities Code) issued by the Commission, and (iii) non-recourse to the Borrower or any of its Consolidated Subsidiaries (other than the issuer of such securities).
Qualified Transition Bonds of the Company shall mean securities, however denominated, that are (i) issued by a Qualified Transition Bond Issuer, (ii) secured by or otherwise payable from transition charges authorized pursuant to the financing order referred to in clause (ii) (A) of the definition of “Qualified Transition Bond Issuer”, and (iii) non-recourse to the Company or any of its Consolidated Subsidiaries (other than the issuer of such securities).
Qualified Transition Bonds means the securities, however denominated, that are issued by the Qualified Transition Bond Issuer.
Qualified Transition Bonds means securities, however denominated, that are (i) issued by the Borrower or a Consolidated Subsidiary of the Borrower formed and operating solely for the purpose of (A) purchasing and owning transition property created under a "financing order" (as such term is defined in the Texas Utilities Code) issued by the Commission, (B) issuing such securities pursuant to such order, (C) pledging its interests in such transition property to secure such securities and (D) engaging in activities ancillary to those described in clauses (A), (B) and (C) above (any such Consolidated Subsidiary, a "QTB SUBSIDIARY"), (ii) secured by or otherwise payable from transition charges authorized pursuant to such order, and (iii) non-recourse to the Borrower or any of its Consolidated Subsidiaries (other than the issuer of such securities).
Qualified Transition Bonds of Oncor shall mean securities, however denominated, that are (i) issued by a Qualified Transition Bond Issuer, (ii) secured by or otherwise payable from transition charges authorized pursuant to the financing order referred to in clause (ii) (A) of the definition of “Qualified Transition Bond Issuer”, and (iii) non-recourse to Oncor or any of its consolidated Subsidiaries (other than the issuer of such securities).
Qualified Transition Bonds of any Originator shall mean securities, however denominated, that are (i) issued by a Qualified Transition Bond Issuer of such Originator, (ii) secured by or otherwise payable from transition charges authorized pursuant to the financing order referred to in clause (iii)(A) of the definition of “Qualified Transition Bond Issuer”, and (iii) non-recourse to such Originator and its Consolidated Subsidiaries (other than the issuer of such securities).
Qualified Transition Bonds of the Borrower shall mean securities, however denominated, that are (i) issued by a Qualified Transition Bond Issuer,