Intangible Transition Property definition

Intangible Transition Property means assets described as “bondable transition property” in the New Jersey Transition Bond Statute.

Intangible Transition Property means (i) “intangible transition property,” as defined in Section 18-102 of the Illinois Public Utilities Act, and (ii) any property created pursuant to an order of the Illinois Commerce Commission issued pursuant to state legislation described in clause (ii) of the definition of “Transitional Funding Instruments,” which consists primarily of the right to impose non-bypassable charges to customers of a utility in order to facilitate the utility’s recovery of specified costs and/or deferred rates.

Intangible Transition Property has the meaning specified in the Servicing Agreement.

Examples of Intangible Transition Property in a sentence

• Except as provided in this Agreement, the Servicer shall not be under any obligation to appear in, prosecute or defend any legal action that is not incidental to its duties to service the Serviced Intangible Transition Property in accordance with this Agreement or related to its obligation to pay indemnification, and that in its reasonable opinion may cause it to incur any expense or liability.

• The Issuer shall not make any expenditure (by long-term or operating lease or otherwise) for capital assets (either realty or personalty) other than Intangible Transition Property purchased from the Seller pursuant to, and in accordance with, the Sale Agreement.

• The Servicer is a corporation duly organized and in good standing under the laws of the state of its incorporation, with the corporate power and authority to own its properties and to conduct its business as such properties are currently owned and such business is presently conducted, and has the power, authority and legal right to service the Serviced Intangible Transition Property.

• The Servicer shall follow such customary and usual practices and procedures as it shall deem necessary or advisable in its servicing of all or any portion of the Serviced Intangible Transition Property, which, in the Servicer's judgment, may include the taking of legal action pursuant to Section 3.09 hereof or otherwise.

• The Servicer will manage, service, administer and make collections in respect of the Serviced Intangible Transition Property.

More Definitions of Intangible Transition Property

Intangible Transition Property means the irrevocable right of West Penn or its successor or assignee to collect Intangible Transition Charges from Customers to recover the Qualified Transition Expenses described in the Qualified Rate Order, including all right, title and interest of West Penn or its successor or assignee in such order and in all revenues, collections, claims, payments, money or proceeds of or arising from Intangible Transition Charges pursuant to such order, and all proceeds of any of the foregoing.

Intangible Transition Property or "ITP" means all intangible transition property as defined in Section 18-102 of the Funding Law created in favor of the Grantee pursuant to a Funding Order and assigned to the Note Issuer pursuant to a Sale Agreement, including the 1998 Transition Property and any Subsequent Transition Property, and, including, without limitation, all Allocable IFC Revenue Amounts.

Intangible Transition Property means the irrevocable right of PP&L or its successor or assignee to collect Intangible Transition Charges from Customers to recover through the issuance of Transition Bonds the Qualified Transition Expenses described in the Qualified Rate Order, including all right, title and interest of PP&L or its successor or assignee in such order and in all revenues, collections, claims, payments, money or proceeds of or arising from Intangible Transition Charges pursuant to such order, and all proceeds of any of the foregoing.

Intangible Transition Property has the meaning specified in Section 5.02(e)(viii)(A).

Intangible Transition Property shall have the meaning specified in Section 2.3.

Intangible Transition Property means the irrevocable right of PP&L or its successor or assignee to collect Intangible Transition Charges from Customers to recover through the issuance of Transition Bonds the Qualified Transition Expenses described in the Qualified Rate Order, including all right, title and interest of PP&L or its successor or assignee in such order and in all revenues, collections, claims, payments, money or proceeds of or arising from Intangible Transition Charges pursuant to the Qualified Rate Order, and all proceeds of any of the foregoing, which term is intended and shall be construed to be the same as "intangible transition property" as used in the Competition Act and the Qualified Rate Order.

Intangible Transition Property means the right, title and interest of an electric