CRR Property definition

CRR Property means all CRR Property as defined in Section 24-2-4f(b)(9) of the Securitization Law created pursuant to the Financing Order and under the Securitization Law, including the right to impose, charge and collect the CRR Charges, the right to obtain adjustments to those charges, and all revenues, receipts, collections, rights to payment, payments, moneys, claims or other proceeds arising from the rights and interests created under the Financing Order; provided, that so long as and to the extent that the Servicer is entitled to and does include any local tax surcharge or other tax adjustments in its Bills, CRR Property shall not include any amounts expressly excluded from CRR Charges pursuant to the penultimate sentence of the definition thereof. As used in the Sale Agreement and the other Basic Documents with respect to APCo, the term “CRR Property” when used with respect to APCo means and includes the rights of APCo that exist prior to the time that such rights are first transferred in connection with the issuance of the Consumer Rate Relief Bonds so as to become CRR Property in accordance with Section 24-2-4f(e)(7) of the Securitization Law and the Financing Order.
CRR Property means all CRR Property as defined in Section 24-2-4f(b)(9) of the Securitization Law created pursuant to the Financing Order and under the Securitization Law, including the right to impose, charge and collect the CRR Charges authorized in the Financing Order from customers of APCo or any successor and the right to obtain adjustments to those charges, and any revenues, receipts, collections, rights to payment, payments, moneys, claims or other proceeds arising from the rights and interests created under the Financing Order.
CRR Property means the property described in 25 Section 104.365.

Examples of CRR Property in a sentence

  • The lien and security interest shall attach automatically from the time that value is received for the CRR bonds and, on perfection through the filing of notice with the secretary of state in accordance with the rules prescribed under subsection (d), shall be a continuously perfected lien and security interest in the CRR property and all proceeds of the property, whether accrued or not, shall have priority in the order of filing and take precedence over any subsequent judicial or other lien creditor.

  • Directors to discuss speaking with Jeff Rasmussen (Jefferson County Administrative Officer) to determine the feasibility and process of pursuing an initiative that would result in a ballot measure to increase SRD road taxes for CRR property owners.

  • The interest of an assignee or pledgee in CRR property, including the revenues and collections arising from CRR charges are not subject to setoff, counterclaim, surcharge, or defense by the gas utility or any other person or in connection with the bankruptcy of the gas utility, the authority, or any other entity.

  • If CRR property has been transferred to an assignee, any proceeds of that property shall be held in trust for the assignee.(f) If a default or termination occurs under the CRR bonds, the financing parties or their representatives, a district court of Travis County, on application by or on behalf of the financing parties, shall order the sequestration and payment to them of revenues arising from the CRR charges.

  • CRR charges, if authorized by the commission through a financing order in its sole discretion, will be imposed pursuant to CRR property, and not by a gas utility.(d) Except as provided by (c), this subchapter does not in any way limit or impair a regulatory authority's plenary jurisdiction over the rates, charges and services rendered by gas utilities in this state under Chapter 102 of this subtitle.

  • The creation, granting, perfection, and enforcement of liens and security interests in CRR property are governed by this section and not by the Business & Commerce Code.(b) A valid and enforceable lien and security interest in CRR property may be created only by a financing order and the execution and delivery of a security agreement with a financing party in connection with the issuance of CRR bonds.


More Definitions of CRR Property

CRR Property means the property described in 24 Section 104.365.

Related to CRR Property

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Other Properties shall have the meaning set forth in Section 9.1.

  • New property means (i) the assessed value, after final

  • Property means any interest in any kind of property or asset, whether real, personal or mixed, or tangible or intangible.

  • Common Property means any and all real and personal property and easements and other interests therein, together with the facilities and improvements located thereon, now or hereafter owned by the Association for the common use and enjoyment of the Owners.

  • Subject Property means any premises located in the County on which an energy efficiency improvements, water efficiency improvements, or renewable resource applications are being or have been made and financed through an outstanding PACE loan.

  • Unimproved Real Property means Property in which the Company has an equity interest that was not acquired for the purpose of producing rental or other operating income, that has no development or construction in process and for which no development or construction is planned, in good faith, to commence within one (1) year.

  • Mining Property means a property used for mining operations as defined in the Mineral and Petroleum Resources Development Act, 2002 (Act No. 28 of 2002);

  • Loan Property means any property in which the applicable party (or a Subsidiary of it) holds a security interest, and, where required by the context, includes the owner or operator of such property, but only with respect to such property. "Participation Facility" means any facility in which the applicable party (or a Subsidiary of it) participates in the management (including all property held as trustee or in any other fiduciary capacity) and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Other Property shall have the meaning set forth in Section 4.4.

  • Real Property Assets means, as of any time, the real property assets (including interests in participating mortgages in which the Borrower’s interest therein is characterized as equity according to GAAP) owned directly or indirectly by the Borrower, EQR and the Consolidated Subsidiaries of either or both at such time.

  • Joint Property means property that is owned by 2 or more persons with rights of survivorship, and includes a tenancy by the entireties in real property, a tenancy in personal property as provided in section 1 of 1927 PA 212, MCL 557.151, a joint tenancy, a joint tenancy with rights of survivorship, and a joint life estate with contingent remainder in fee. For purposes of this part, joint property is considered to consist of a present interest and a future interest. The future interest is the right of survivorship.

  • Mortgaged Real Property means each of the parcels of real property set forth on Schedule 4 hereto, or interests therein, owned in fee by a Credit Party, together with each other parcel of Real Property that shall become subject to a Mortgage after the Closing Date, in each case together with all of such Credit Party’s right, title and interest in the improvements and buildings thereon and all appurtenances, easements or other rights belonging thereto.

  • Adjoining Property means all sidewalks, driveways, curbs, gores and vault spaces adjoining any of the Leased Premises.

  • Undeveloped Property means all Assessor’s Parcels of Taxable Property which are not Developed Property.

  • Existing Property means all property against which ad valorem property taxes were levied by a local unit for its concluding fiscal year, minus all property that is considered losses for purposes of ad valorem property tax levies of the local unit for the ensuing fiscal year.

  • Partnership Property means any property, real, personal or mixed, or any interest therein or appurtenant thereto which may be owned or acquired by the Partnership.

  • Developed Property means all Assessor’s Parcels of Taxable Property for which Building Permits were issued on or before May 1 of the prior Fiscal Year, provided that such Assessor's Parcels were created on or before January 1 of the prior Fiscal Year and that each such Assessor's Parcel is associated with a Lot, as determined reasonably by the Board.

  • Hotel Property for any hotel means the Real Property and the Personal Property for such hotel.

  • School property means in or within any building, structure, athletic playing field, playground, parking lot or land contained within the real property boundary line of a public elementary or secondary school, or in or on a school bus, as defined in Vehicle and Traffic Law §142.

  • The Properties means and refer to all such existing properties, and additions thereto, as are subject to this Declaration or any Supplemental Declaration under the provisions of Article II, hereof.

  • Surplus property means excess personal property not required by any Federal agency as determined by the Administrator of the General Services Administration (GSA).

  • Additional Property means, in respect of a Series, the rights and benefits provided in respect of the Series, or applicable Class, pursuant to any letter of credit, surety bond, cash collateral account, spread account, guaranteed rate agreement, maturity liquidity facility, tax protection agreement, interest rate and/or currency swap agreement, loan agreement, enhancement agreement or other similar arrangement as contemplated under the Pooling and Servicing Agreement and as provided for in the related Series Purchase Agreement.

  • Abandoned property means personal property left by an owner who intentionally

  • Transition Property means the property right created by a financing order, including without