BPU Financing Orders definition
Examples of BPU Financing Orders in a sentence
The assumptions used in calculating the Transition Bond Charge in the Advice Letter delivered by the Issuer to the BPU in connection with the Transition Bonds issued and sold on such Transfer Date pursuant to the BPU Financing Orders are reasonable and made in good faith.
The Servicer may assign any or all of its obligations and duties hereunder to one or more successors if either (i) the Rating Agency Condition and any other condition specified in the BPU Financing Orders have been satisfied with respect to such assignment or (ii) the Servicer is replaced by such successor or successors pursuant to Section 5.03.
The Seller shall use proceeds from the sale of the Transferred Bondable Transition Property in accordance with the BPU Financing Orders and the Competition Act.
A Person shall qualify as a successor Servicer only if (i) such Person is permitted to perform the duties of the Servicer pursuant to the Competition Act, the BPU Regulations, the BPU Financing Orders and this Agreement, (ii) the Rating Agency Condition has been satisfied with respect to such succession, and (iii) such Person enters into a servicing agreement with the Issuer having substantially the same provisions as this Agreement.
The Servicer shall obtain a calculatio▇ ▇▇ each Customer's usage (which may be based on data obtained from such Customer's meter read or on usage estimates determined in accordance with applicable BPU Regulations) at least once each calendar month and shall determine therefrom each Customer's individual charge relating to the Transition Bond Charge to be included on such Customer's Bill pursuant to the BPU Financing Orders and BPU Regulations.
This filing shall include the data specified in the Petition and the BPU Financing Orders.