State Action. Under the Securitization Law, the State of Missouri and its agencies, including the MPSC, have pledged for the benefit and protection of the bondholders, the owners of the securitized utility tariff property , other financing parties and the Issuer, that it will not alter the provisions of the Securitization Law, take or permit any action that would impair the value of the Securitized Utility Tariff Property transferred on such date, or, except as permitted by Section 393.1700.2(3)(c)e of the Securitization Law, reduce, alter or impair the Securitized Utility Tariff Charges relating to the Securitized Utility Tariff Property until any and all principal, interest, premium, financing costs and other fees, expenses, or charges incurred and contracts to be performed in connection with the Securitized Utility Tariff Bonds relating to the Securitized Utility Tariff Property have been paid and performed in full.
Appears in 6 contracts
Samples: Utility Tariff Property Purchase and Sale Agreement (Evergy Missouri West Storm Funding I, LLC), Utility Tariff Property Purchase and Sale Agreement (Evergy Missouri West Storm Funding I, LLC), Securitized Utility Tariff Property Purchase and Sale Agreement (Empire District Bondco, LLC)
