Examples of Recovery Bonds in a sentence
The waiver and release are part of the consideration for issuance of the Recovery Bonds.
The Recovery Bonds shall be Book-Entry Recovery Bonds and the applicable provisions of Section 2.11 of the Indenture shall apply to the Recovery Bonds.
Date: PG&E Recovery Funding LLC By: Name: Title: INDENTURE TRUSTEE’S CERTIFICATE OF AUTHENTICATION Dated: __________ ___, ____ This is one of the Tranche [ - ] Recovery Bonds, designated above and referred to in the within-mentioned Indenture.
The Recovery Bonds shall be issuable in the Minimum Denomination and integral multiples of $1,000 in excess thereof.
Section 9.01 of the Indenture provides, among other things, that the Issuer and the Indenture Trustee may at any time enter into an indenture supplemental to the Indenture for the purposes of authorizing the issuance by the Issuer of the Recovery Bonds and specifying the terms thereof.
The amount payable with respect to the Recovery Bonds pursuant to Section 8.02(e)(i) shall not exceed $200,000 annually; provided, however, that the Indenture Trustee Cap shall be disregarded and inapplicable upon the acceleration of the Recovery Bonds following the occurrence of an Event of Default.
This Supplement amends, modifies and supplemented the Indenture only in so far as it relates to the Recovery Bonds.
The Indenture Trustee, as indenture trustee on behalf of the Secured Parties of the 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 Indenture Trustee shall deliver the Recovery Bonds to the Issuer when authenticated in accordance with Section 2.03 of the Indenture.
Reference in Recovery Bonds to Supplemental Indentures 72 ARTICLE X MISCELLANEOUS 73 SECTION 10.01.