State Action. (a) Under the Texas Electric Choice Plan, the State of Texas has pledged that it will not take or permit any action that would impair the value of the Transition Property or, except as permitted in Section 39.307 of the Texas Electric Choice Plan, reduce, alter or impair the Transition Charges until the principal, interest and premium, if any, and any other charges incurred and contracts to be performed in connection with the Transition Bonds, have been paid and performed in full.
Appears in 3 contracts
Samples: Transition Property Sale Agreement (Centerpoint Energy Houston Electric LLC), Transition Property Sale Agreement (CenterPoint Energy Transition Bond CO III, LLC), Transition Property Sale Agreement (CenterPoint Energy Transition Bond CO II, LLC)
State Action. (a) Under the Texas Electric Choice Plan, the State of Texas has pledged that it will not take or permit any action that would impair the value of the Transition Property Property, or, except as permitted in Section 39.307 of the Texas Electric Choice Plan, reduce, alter or impair the Transition Charges until the principal, interest and premium, if any, and any other charges incurred and contracts to be performed in connection with the Transition Bonds, have been paid and performed in full.
Appears in 1 contract
Samples: Transition Property Sale Agreement (Reliant Energy Transition Bond Co LLC)
