Transition bonds definition

Transition bonds means bonds, notes, certificates of

Transition bonds means any bond, debenture, note, interim certificate, collateral, trust certificate, or other evidence of indebtedness or ownership issued by the board or other transition bonds issuer that is secured by or payable from fixed transition amounts or transition property. Proceeds from transition bonds must be used to recover, reimburse, finance, or refinance transition costs and to acquire transition property.

Transition bonds means any bond, debenture, note, interim certificate, collateral, trust

Examples of Transition bonds in a sentence

• Transition bonds" means any bond, debenture, note, interim certificate, collateral, trust certificate, or other evidence of indebtedness or ownership issued by the board or other transition bonds issuer that is secured by or payable from fixed transition amounts or transition property.

• Under the laws of the State of Texas in effect on the Closing Date, the State of Texas has agreed for the benefit of the Holders, pursuant to Section 39.310 of the Securitization Law, as follows: "Transition bonds are not a debt or obligation of the state and are not a charge on its full faith and credit or taxing power.

• Under the laws of the State of Texas in effect on the Closing Date, the State of Texas (including the PUCT) has agreed for the benefit of the Holders, pursuant to Section 39.310 of the Securitization Law, as follows: "Transition bonds are not a debt or obligation of the state and are not a charge on its full faith and credit or taxing power.

• Transition bonds require funds to be used for climate-transition activities such as adding carbon capture and storage to an existing coal plant, but generally have less strict criteria if the entity can demonstrate a longer-term positive environmental impact.

• The Securitization Law provides that: "Transition bonds are not a debt or obligation of the state and are not a charge on its full faith and credit or taxing power.

More Definitions of Transition bonds

Transition bonds means bonds, notes, certificates of participation, beneficial interest, or other evidences of indebtedness or ownership issued pursuant to an indenture, contract, or other agreement of an electric public utility or a financing entity, the proceeds of which are used, directly or indirectly, to recover, finance or refinance bondable stranded costs and which are, directly or indirectly, secured by or payable from bondable transition property. References in P.L.1999, c.23 (C.48:3-49 et al.) to principal, interest, and acquisition or redemption premium with respect to transition bonds which are issued in the form of certificates of participation or beneficial interest or other evidences of ownership shall refer to the comparable payments on such securities.

Transition bonds means bonds described as “transition bonds” in the New Jersey Transition Bond Statute.

Transition bonds means "transition bonds" (as defined in the Statute) issued by any Issuer.

Transition bonds means the Transition Bonds authorized by the Financing Order and issued under the Indenture.

Transition bonds has the meaning specified in the Indenture.

Transition bonds. (as defined in the Statute) issued by any Issuer.

Transition bonds means bonds, debentures, notes, certificates of participation or of beneficial interest, or other evidences of indebtedness or ownership that are issued by an electric utility, its successors, or an assignee under a financing order, that have a term not longer than 15 years, and that are secured by or payable from transition property. If certificates of participation, beneficial interest, or ownership are issued, references in this subchapter to principal, interest, or premium shall refer to comparable amounts under those certificates.