Common use of The Financing Order Clause in Contracts

The Financing Order. (a) The Financing Order was issued by the Indiana Commission on January 4, 2023 in accordance with the Securitization Act; the Financing Order and the process by which it was issued comply with all applicable laws, rules and regulations of the State of Indiana and the federal laws of the United States, and the Financing Order is final, non-appealable and in full force and effect. (b) As of the date of issuance of the Securitization Bonds, the Securitization Bonds will be entitled to the protections provided by the Securitization Act and the Financing Order, the Issuance Advice Letter and the Securitization Charges authorized therein will have become irrevocable and not subject to reduction, impairment or adjustment by further action of the Indiana Commission, except for changes made pursuant to the adjustment mechanism authorized under the Securitization Act, and the Issuance Advice Letter and the Securitization Tariffs have been filed in accordance with the Financing Order. The initial Securitization Charges and the final terms of the Securitization Bonds set forth in the Issuance Advice Letter have become effective. No other approval, authorization, consent, order or other action of, or filing with any Governmental Authority is required in connection with the creation of the Securitization Property transferred on such date, except those that have been obtained or made.