Common use of Collateral Bonds Clause in Contracts

Collateral Bonds. The obligation of the Company to make payments with respect to the principal of 2011-3 Collateral Bonds shall be fully or partially, as the case may be, satisfied and discharged to the extent that, at the time that any such payments shall be due, the then due principal of the

Appears in 1 contract

Sources: Supplemental Indenture (CMS Energy Trust V)

Collateral Bonds. The obligation of the Company to make payments with respect to the principal of 20112004-3 1 Collateral Bonds shall be fully or partially, as the case may be, satisfied and discharged to the extent that, at the time that any such payments payment shall be due, the then due principal of thethe Loans and/or the Reimbursement Obligations included in the Obligations shall have been fully or

Appears in 1 contract

Sources: Supplemental Indenture (Consumers Energy Co Financing V)

Collateral Bonds. The obligation of the Company to make payments with respect to the principal of 20112003-3 1 Collateral Bonds shall be fully or partially, as the case may be, satisfied and discharged to the extent that, at the time that any such payments payment shall be due, the then due principal of thethe Loans and/or the Reimbursement Obligations included in the Obligations shall have been fully or

Appears in 1 contract

Sources: Supplemental Indenture (CMS Energy Corp)