Examples of PU Code in a sentence
Subject to and in accordance with the terms of the Trust Agreement, the Originator has represented and warranted under the Trust Agreement that the Trust constitutes a "special purpose trust" under Section 63010 of the California Government Code and a "financing entity" under Section 840 of the PU Code, and that the Certificates constitute "rate reduction bonds" under Section 840 of the PU Code and that the Holders of the Certificates are entitled to the rights and benefits thereunder.
Pursuant to the Statute and the Financing Order, the Seller and the Note Issuer are concurrently entering into the Sale Agreement pursuant to which the Seller is selling to the Note Issuer the Transition Property created pursuant to the PU Code, the Financing Order and the Issuance Advice Letter described in such agreement, and the Seller may sell other Transition Property to the Note Issuer pursuant to Subsequent Sale Agreements.
The Note Issuer shall have caused all Collateral --------------- to have been Granted to the Note Trustee or, if requested by the Note Trustee, its nominee and will have caused all related filings with the CPUC pursuant to the PU Code and other filings in connection with such Grant to have been duly made.
The Seller shall notify the Note ---------------- Issuer and the Note Trustee promptly after becoming aware of any Lien on any of the Transition Property other than the conveyances hereunder or under the Indenture or any statutory lien under Section 843(g) of the PU Code.
No further action, other than any filings required by Sections 9-403(2)-(3), 9-306, 9-402(7) and 9-103 of the Uniform Commercial Code and Sections 843 and 844 of the PU Code, is required to maintain such first priority perfected ownership or security interest (subject to any statutory lien in favor of the holders of the rate reduction bonds issued pursuant to the Financing Order and the trustee or the representative for such holders pursuant to Section 843(g) of the PU Code).
Such sale, transfer, assignment, set over and conveyance is hereby expressly stated to be a sale and, pursuant to Section 844(a) of the PU Code, shall be treated as an absolute transfer of all of the Seller's right, title and interest (as in a true sale), and not as a pledge or other financing, of the Transition Property.
This is the statement referred to in Section 844(a) of the PU Code.
The Seller takes the position that it has no rights in the Transition Property to which such a security interest could attach because it has sold all rights in the Transition Property to the Note Issuer pursuant to Section 844(a) of the PU Code.
This is the statement referred to in Section 848.4(a) of the PU Code.
No further action, other than any filings required by Sections 9-403(2)-(3), 9-306, 9-402(7) and 9-103 of the Uniform Commercial Code and Sections 843 and 844 of the PU Code, is required to maintain such first priority perfected ownership or security interest (subject to any statutory lien under Section 843(g) of the PU Code).