Bondable Property definition

Bondable Property means the Mortgaged Property as of December 1, 1986, plus any property acquired or constructed by the Company which is included in the Mortgaged Property after December 1, 1986: (i) Bondable Property: (A) need not consist of a specific or completed develop- ment, plant, betterment, addition, extension, improvement or enlargement, but may include construction work in progress and property in the process of purchase insofar as the Com- pany shall have acquired legal title to such property, and may include the following:

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Bondable Property means property consisting of the

Bondable Property means all property owned by us on December 31, 1954, of the same nature as property defined in the indenture as Property Additions, and all Property Additions purchased, constructed, or otherwise acquired by us on or after January 1, 1955.

Examples of Bondable Property in a sentence

No Bonds shall be authenticated and delivered at any time under this Article III upon the basis of Bonded Bondable Property.
To the extent such withdrawal of cash is based upon Unbonded Bondable Property as permitted by Section 11.01(a)(ii), the Company shall comply with all applicable provisions of Article III as if such Unbonded Bondable Property were made a basis for the authentication and delivery of Bonds thereon equivalent in principal amount to the amount of the cash to be withdrawn on such basis.
Bonds of any one or more series may be authenticated and delivered under this Article III in a principal amount not exceeding 70% of the amount of Unbonded Bondable Property existing at the time of such application as stated on the Engineer’s Certificate provided for in Section 3.04(c).
The Cost or Fair Value of any Bondable Property and the fair value to the Company in cash of any securities or other property delivered in payment therefor or for the acquisition thereof and the amounts of any deductions and any additions made in respect of Bondable Property pursuant to Section 1.03(l)(ii) or Section 1.03(l)(iii) shall be determined for the purposes of this Article III by the certificates provided for in Section 3.04.
The Trustee shall, from time to time, upon the written order or orders of the Company signed by its Chairman of the Board, Chief Executive Officer, President or a Vice-President and its Secretary, an Assistant Secretary, its Treasurer or an Assistant Trea- surer, authenticate and deliver Bonds of one or more series, or any portion of a series, upon the basis of Bondable Property, but only in accordance with and subject to the conditions, provisions and limitations set forth in this Article III.

More Definitions of Bondable Property

Bondable Property means the Mortgaged Property as of the date of this Indenture, plus any property acquired or constructed by the Company which is included in the Mortgaged Property after the date of this Indenture, subject to the following:

Bondable Property means the Mortgaged Property as of March 1, 2022, plus any property acquired or constructed by the Company which is included in the Mortgaged Property after March 1, 2022:

Bondable Property means all Property Additions, and all property owned by the Company on the Cut-Off Date which would constitute Property Additions if acquired after that date (except for the requirement to deliver Title Evidence with respect to such property), but Bondable Property shall not include any Excepted Property or Excludable Property .

Bondable Property means and comprise any property now owned by Mortgagor, located in the State of Louisiana, which is used by or useful to Mortgagor in the business of furnishing, transmitting, generating, or distributing electricity, for heat, light, power or other uses, or in any business which is incidental thereto, including, without limiting the generality of the foregoing, all properties necessary or appropriate for purchasing, transmitting, supplying, distributing, generating, and/or disposing of electricity, together with betterments, improvements, additions, repairs, replacements, or alterations, of, upon and to such property of Mortgagor and equipment and appliances installed as a part of the operating property of Mortgagor; provided that such property shall be property which Mortgagor under its charter and all applicable laws shall be lawfully authorized to own and use in the business in connection with which such property is used or to be used by it. Except as otherwise provided in this Instrument, the Mortgaged Property to remain so specially mortgaged, affected and hypothecated unto and in favor of Mortgagee until the satisfaction of all Obligations and a written cancellation of this Instrument signed by Mortgagee, Mortgagor being hereby obligated, except as otherwise provided in this Instrument, not to sell, alienate, deteriorate or otherwise encumber the Mortgaged Property to the prejudice of this Instrument, and not to permit or suffer the same to be so sold, alienated, deteriorated or encumbered.

Bondable Property. 4 "Bonded" or "Bonding" 7 "Bondholder" 8 "Bonds" 8 "Business Day" 8 "Company" 8 "Cost" 8 "Coupon Bond" 9 "Default" 9 "Engineer" 9 "Engineer's Certificate11 9 "Excepted Property" 9 "Fair Value" II "Generally Accepted Accounting Principles" 11 "Governmental Obligations" 12 "Indenture" 12 "Independent" 12 "Lien of this Indenture" 12 " 1946 Mortgage" 12 "1946 Mortgage Bonds" 12 ''Mortgaged Property" 12 "Officers' Certificate" 13 "Opinion of Counsel" 13 "Outstanding" 13 "Permissible Encumbrances" 13 "Person" 16 "Prior Lien" 16

Bondable Property means property consisting of the irrevocable right to impose, charge, collect, and receive, and be paid from collections of, bond charges, in the amount necessary to provide for the full recovery of all qualified bondable costs as set forth in the related financing order, all rights of the related electric utility under the financing order, including, without limitation, all rights to obtain periodic adjustments of the related bond charges pursuant to subsection (b) of Section 20-115, and all revenues, collections, payments, money, and proceeds arising under, or with respect to, all of the foregoing.

Bondable Property. As defined in the Mortgage Indenture.