Recovery Bonds definition
Examples of Recovery Bonds in a sentence
The waiver and release are part of the consideration for issuance of the Recovery 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 Storm Recovery Bonds, all as provided in the Indenture and to secure the performance by the Issuer of all of its obligations under the Indenture.
The Indenture Trustee shall deliver the Series A Storm Recovery Bonds to the Issuer when authenticated in accordance with Section 2.03 of the Indenture.
The Series A Storm Recovery Bonds shall be issuable in denominations of $2,000 and integral multiples of $1,000 in excess thereof, except for one bond, which may be a smaller denomination} (the “Authorized Denominations”).
The waiver and release are part of the consideration for issuance of the Series A Storm Recovery Bonds.
This Supplement amends, modifies and supplements the Indenture only insofar as it relates to the Series A Storm Recovery Bonds.
The Series A Storm Recovery Bonds shall be Book-Entry Storm Recovery Bonds, and the applicable provisions of Section 2.11 of the Indenture shall apply to the Series A Storm Recovery Bonds.
The Indenture Trustee, as indenture trustee on behalf of the Secured Parties of the Series A Storm Recovery 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.
The Series A Storm Recovery Bonds shall be designated generally as the Storm Recovery Bonds.
The amount payable with respect to the Series A Storm Recovery Bonds pursuant to Section 8.02(e)(i) of the Indenture shall not exceed $200,000 annually; provided, however, that the Indenture Trustee Cap shall be disregarded and inapplicable upon the acceleration of the Storm Recovery Bonds following the occurrence of an Event of Default.