Genco Security Agreement definition
Genco Security Agreement means the Security Agreement dated as of March 28, 2003 among Reliant Energy Retail Services ("RERS"), LLC, StarEn Power, LLC ("StarEn") and Reliant Energy Solutions, LLC ("Solutions"), as debtors, and Texas ▇▇▇▇▇, ▇.▇. as secured party securing up to $250,000,000 of obligations owing to Texas ▇▇▇▇▇, ▇.▇. under the Master Power Purchase and Sale Agreement and the related Guaranty dated as of October 1, 2002 by Reliant Energy Retail Holdings, LLC, RERS, StarEn and Solutions in favor of Texas Genco, as the same may be amended, amended and restated, supplemented or otherwise modified, renewed or replaced from time to time.
Examples of Genco Security Agreement in a sentence
For the avoidance of doubt, any Collateral acquired by Texas Genco or its Subsidiaries shall be governed by the Texas Genco Security Agreement and the Texas Genco Collateral Trust Agreement unless and until the Texas Genco Collateral Trust Agreement is terminated in compliance with Article 10 of the NRG Collateral Trust Agreement.
The Administrative Agent shall have received a fully executed copy of (i) an amendment to the Master Power Purchase and Sale Agreement and (ii) the Genco Security Agreement, in each case, in form and substance satisfactory to the Agents.