Storm Recovery Bonds definition

Storm Recovery Bonds means the Series A Senior Secured Storm Recovery Bonds issued by the Issuer on the Closing Date.

Storm Recovery Bonds means the Storm Recovery Bonds authorized by the (i) Financing Order or (ii) a Subsequent Financing Order, each and issued under an Indenture.

Storm Recovery Bonds means bonds, debentures, notes, certif-

Examples of Storm Recovery Bonds in a sentence

• The waiver and release are part of the consideration for issuance of the Storm Recovery Bonds.

• Each of the Issuer, the Indenture Trustee, the Securities Intermediary and each Holder (by its acceptance of the Storm Recovery Bonds) irrevocably waives, to the fullest extent that it may effectively do so under applicable law, trial by jury.

• This Administration Agreement may not be assigned by the Administrator unless such assignment is previously consented to in writing by the Issuer and the Indenture Trustee (acting at the written direction of the Holders of Storm Recovery Bonds representing a majority of the Outstanding Amount of Storm Recovery Bonds) and subject to the satisfaction of the Rating Agency Condition in connection therewith.

• The Servicer’s duties to hold the Storm Recovery Property Documentation set forth in this Section 5.02, to the extent such Storm Recovery Property Documentation has not been previously transferred to a successor Servicer, shall terminate one (1) year and one (1) day after the earlier of the date on which (i) the Servicer is succeeded by a successor pursuant to the provisions of the Agreement and (ii) no Storm Recovery Bonds are Outstanding.

• The Servicer shall not make any advances of interest on or principal of the Storm Recovery Bonds.

• In addition, so long as any of the Storm Recovery Bonds are Outstanding, the Servicer shall provide to the Issuer, to the LPSC and to the Indenture Trustee, within a reasonable time after written request therefor, any information available to the Servicer or reasonably obtainable by it that is necessary to calculate the Storm Recovery Charges applicable to each Customer Class.

• The initial Storm Recovery Charges and the final terms of the Storm Recovery Bonds set forth in the Issuance Advice Letter have become effective.

• The Seller has the corporate power and authority to obtain the Financing Order and to execute and deliver this Agreement and to carry out its terms; to own the Storm Recovery Property under the Financing Order related to the Storm Recovery Bonds, and to sell and assign the Storm Recovery Property under the Financing Order to the Issuer, and the execution, delivery and performance of this Agreement have been duly authorized by the Seller by all necessary corporate action.

• For the avoidance of doubt, any breach which would adversely affect scheduled payments on the Storm Recovery Bonds will be deemed to be a material breach for purposes of this Section 4.14.

• There is no assurance, however, that, even if a court were to award just compensation it would be sufficient to pay the full amount of principal and interest on the Storm Recovery Bonds.

More Definitions of Storm Recovery Bonds

Storm Recovery Bonds means bonds, debentures, notes, certificates of participation, certificates of ownership, or other evidences of Indebtedness or ownership that are issued by Finsub pursuant to an indenture, contract, or other agreement pursuant to a Storm Recovery Financing Order, the proceeds of which are used directly or indirectly to provide, recover, finance, or refinance LPSC-approved Storm Recovery Costs, Storm Recovery Financing Costs and costs to replenish or fund a Storm Recovery Reserve to such level as the LPSC may authorize in the applicable Storm Recovery Financing Order, and which are secured by or payable from Storm Recovery Property.

Storm Recovery Bonds means one or more Series of Storm Recovery Bonds authorized by a Financing Order and issued under and governed by an Indenture.

Storm Recovery Bonds means bonds, debentures, notes, certificates of participation, certificates of beneficial interest, certificates of ownership, or other evidences of indebtedness or ownership that are issued by an elec- tric utility or an assignee pursuant to a financing order, the proceeds of which are used directly or indirectly to recover, finance, or refinance com- mission-approved storm-recovery costs, financing cost, costs to replenish the storm-recovery reserve to the level that existed before the storm or storms, or such other level as the commission may authorize in a financing order, and which are secured by or payable from storm-recovery property.

Storm Recovery Bonds means any Bonds and any Additional Bonds.

Storm Recovery Bonds means one or more series of storm recovery bonds authorized by a Financing Order and issued under the Indenture.