Storm Recovery Bond Collateral definition

Storm Recovery Bond Collateral means the applicable Storm Recovery Property and related properties and rights, including, without limitation, the related Sale Agreement and certain deposit accounts and securities accounts, which are encumbered by the Company as collateral for the applicable Series of Storm Recovery Bonds.
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Storm Recovery Bond Collateral means the Storm Recovery Property created under and pursuant to the Financing Order or a Subsequent Financing Order and the Storm Recovery Law with respect to such series, and transferred by the Seller to the Company pursuant to the related Sale Agreement (including, to the fullest extent permitted by law, the right to impose, collect and receive Storm Recovery Charges, the right to obtain periodic adjustments to the Storm Recovery Charges, and all revenue, collections, claims, rights to payments, payments, money and or proceeds of or arising from the Storm Recovery Charges out of the rights and interests created under the Financing Order), (a) all Storm Recovery Charges related to the Storm Recovery Property with respect to such series, (b) the Sale Agreement and the Bxxx of Sale executed in connection with such series of Storm Recovery Bonds therewith and all property and interests in property transferred under the Sale Agreement and the Bxxx of Sale with respect to the foregoing Storm Recovery Property and the such series of Storm Recovery Bonds, (c) the Servicing Agreement, the Administration Agreement, the Intercreditor Agreement and any subservicing, agency, administration or collection agreements executed in connection therewith, to the extent related to the foregoing Storm Recovery Property and such series of Storm Recovery Bonds, (d) the Collection Account, all subaccounts thereof and all amounts of cash, instruments, investment property or other assets on deposit therein or credited thereto from time to time and all financial assets and securities entitlements carried therein or credited thereto with respect to such series of Storm Recovery Bonds, (e) all rights to compel the Servicer to file for and obtain adjustments to the Storm Recovery Charges in accordance with Section 62-172(b)(3)d. of the Storm Recovery Law and the related Financing Order, (f) all present and future claims, demands, causes and choses in action in respect of any or all of the foregoing, whether such claims, demands, causes and choses in action constitute Storm Recovery Property, accounts, general intangibles, instruments, contract rights, chattel paper or proceeds of such items or any other form of property with respect to such series of Storm Recovery Bonds, (g) all accounts, chattel paper, deposit accounts, documents, general intangibles, goods, instruments, investment property, letters of credit, letters-of-credit rights, money, commercial tort claims and supporting obl...
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Storm Recovery Bond Collateral means the Storm Recovery Property and related properties and rights, including, without limitation, the Sale Agreement and certain deposit accounts and securities accounts, which are encumbered by the Company as collateral for the Storm Recovery Bonds.
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Examples of Storm Recovery Bond Collateral in a sentence

  • In addition, for federal income tax purposes, the Company may not claim any credit on, or make any deduction from the principal or premium, if any, or interest payable in respect of, the Storm Recovery Bonds (other than amounts properly withheld from such payments under the Internal Revenue Code or other tax laws) or assert any claim against any present or former bondholder by reason of the payment of the taxes levied or assessed upon any part of the Storm Recovery Bond Collateral.


More Definitions of Storm Recovery Bond Collateral

Storm Recovery Bond Collateral has the meaning specified in the preamble of the Indenture.
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Related to Storm Recovery Bond Collateral

  • Series 2015 Bonds means, collectively, the Series 2015B Bonds, Series 2015C Bonds and Series 2015D Bonds.

  • Collateral Agency Agreement means that certain Collateral Agency Agreement, dated as of the Issue Date, made by and among the Issuers, the other Grantors, the Trustee, the Collateral Agent and each other Secured Debt Representative, as amended, modified, renewed, restated or replaced, in whole or in part, from time to time, in accordance with its terms.

  • Sale and Servicing Agreement Collateral shall have the meaning set forth in Section 2.4.

  • Bond Indenture means, for any series of Bonds, the indenture pursuant to which such Bonds are issued and any supplement thereto relating to such Bonds.

  • Collateral Security means security, other than a security interest in a motor vehicle that is the subject of an installment sale contract, that is given to secure performance of an obligation of the buyer, or of any surety or guarantor for the buyer, under an installment sale contract. The term includes the undertakings of any surety or guarantor for the buyer and any interest in, encumbrance on, or pledge of real or personal property other than the motor vehicle that is the subject of the installment sale contract.

  • Collateral has the meaning set forth in Section 2.