PU Code definition

PU Code means the California Public Utilities Code, as amended from ------- time to time. "Rating Agency" means Xxxxx'x Investors Service Inc., Standard & ------------- Poor's Rating Services and Fitch Investors Service, L.L.P., or their respective successors or such nationally recognized statistical rating organizations designated by the Company with notice to the Note Trustee, the Certificate Trustee and the Initial Member in its role as servicer under the Servicing Agreement. "Rating Agency Condition" means, with respect to any action, that each ----------------------- Rating Agency shall have been given ten days prior notice thereof and that each of the Rating Agencies shall have notified the Company in writing that such action will not result in a reduction or withdrawal of the then current rating by such Rating Agency of any Series or Class of the Notes. "Sale Agreement" means the Transition Property Purchase and Sale -------------- Agreement to be entered into between the Company and the Initial Member, as seller. "Sale Documents" means the collective reference to the Sale Agreement, -------------- any Subsequent Sale Agreements and the agreements, instruments and documents contemplated thereby, as the same may be amended, supplemented or otherwise modified from time to time. "Series" means each series of Notes issued and authenticated pursuant ------ to the Indenture. "Servicing Agreement" means the Transition Property Servicing ------------------- Agreement to be entered into between the Company and the Initial Member, as servicer, as the same may be amended, supplemented or otherwise modified from time to time. "Statute" means Assembly Xxxx 1890, Chapter 854, California Statutes ------- of 1996, as amended by Senate Xxxx 477, Chapter 275, California Statutes of 1997, and as further amended from time to time. "Subsequent Sale Agreement" means any sale agreement substantially ------------------------- similar to the Sale Agreement, and entered into subsequently thereto, pursuant to which the Initial Member will sell Subsequent Transition Property to the Company.
PU Code means the Arizona Revised Statutes Sections 40-101 et seq., as amended.

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).


More Definitions of PU Code

PU Code means the California Public Utilities Code, as amended from ------- time to time. "Rating Agency" means Xxxxx'x Investors Service Inc., Standard & Poor's ------------- Rating Services, and Fitch Investors Service, L.P., or their respective successors or such nationally recognized statistical rating organizations designated by the Company with notice to the Note Trustee, the Certificate Trustee and the Initial Member in its role as servicer under the Servicing Agreement. "Rating Agency Condition" means, with respect to any action, that each ----------------------- Rating Agency shall have been given ten days prior notice thereof and that each of the Rating Agencies shall have notified the Company in writing that such action will not result in a reduction or withdrawal of the then current rating by such Rating Agency of any Series or Class of the Notes. "Sale Agreement" means the Transition Property Purchase and Sale Agreement -------------- to be entered into between the Company and the Initial Member, as seller.

Related to PU Code

  • JORC Code means the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves prepared by the Joint Ore Reserves Committee of the Australasian Institute of Mining and Metallurgy, Australian Institute of Geoscientists and Minerals Council of Australia, as amended;

  • Grid Code / “IEGC” or “State Grid Code” shall mean the Grid Code specified by the Central Commission under clause (h) of sub-section (1) of Section 79 of the Electricity Act and/or the State Grid Code as specified by the concerned State Commission referred under clause (h) of sub-section (1) of Section 86 of the Electricity Act, as applicable;

  • Network Code means the document now known as the Network Code and formerly known as the Railtrack Track Access Conditions 1995;

  • SIC code means “Standard Industrial Classification code,” as assigned to a site by the United States Department of Transportation, Federal Highway Administration, based on the particular activities that occur on the site, as set forth in its publication “Standard Industrial Classification Manual,” incorporated by reference in Section 720.111(a).

  • Code means the Internal Revenue Code of 1986, as amended.

  • STCW Code means the Seafarers’ Training, Certification and Watchkeeping Code as adopted by resolution 2 of the 1995 Conference of Parties to the STCW Convention, in its up-to-date version;

  • IT Act means the Income-tax Act, 1961 and rules and regulations made thereunder and shall include any statutory modification, amendment or re-enactment thereof for the time being in force.

  • the 1988 Act means the Local Government Finance Act 1988.

  • Sort code means the 6-digit code that identifies a particular bank and bank branch in the Republic of Ireland;

  • EU Data Protection Law means (i) prior to 25 May 2018, Directive 95/46/EC of the European Parliament and of the Council on the protection of individuals with regard to the processing of Personal Data and on the free movement of such data ("Directive") and on and after 25 May 2018, Regulation 2016/679 of the European Parliament and of the Council on the protection of natural persons with regard to the processing of Personal Data and on the free movement of such data (General Data Protection Regulation) ("GDPR"); and (ii) Directive 2002/58/EC concerning the processing of Personal Data and the protection of privacy in the electronic communications sector and applicable national implementations of it (as may be amended, superseded or replaced).

  • 1954 Code means the Internal Revenue Code of 1954 as amended from time to time through the date of enactment of the Code. References to the 1954 Code and Sections of the 1954 Code include relevant applicable regulations (including temporary regulations) and proposed regulations thereunder and any successor provisions to those Sections, regulations or proposed regulations.

  • Access Code means the Railways (Access) Code 2000;

  • General Data Protection Regulation GDPR" means regulation (EU) 2016/679 of the European parliament and of the council as amended from time to time.

  • POPI Act means the Protection of Personal Information Act, 4 of 2013;

  • Federal Regulations means those federal regulations relating to cable television services, 47 C.F.R. Section 76.1 et seq. (and, to the extent applicable, any other federal rules and regulations relating to cable television, including but not limited to, those described in 47 C.F.R. Section 76.3), or as such regulations may be amended.