ITC Bonds definition

ITC Bonds. Each series of Transition Bonds issued pursuant to the ITC Indenture and any related series supplements, as authorized by the PUC under Section 2812 of the Competition Act.
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Examples of ITC Bonds in a sentence

  • In addition, if the ITC Bond Documents are terminated for any reason (including upon repayment of the ITC Bonds), then, upon the occurrence of a Servicer Default, the Agent may designate as Servicer any Person acceptable to the Agent to succeed PPL Electric as Servicer.

  • Promptly, upon the filing thereof, copies of all notices, requests, reports, statements, financial information, annual reconciliation filings, filings with respect to the ITC Bonds, the Receivables or the CTC Receivables which it files with, or receives from the PUC.

  • That certain Indenture, dated as of August 10, 1999 (the “ITC Indenture”), by and between PPL Transition Bond Company LLC and The Bank of New York, the ITC Bonds Servicing Agreement and each other Basic Document (as defined in the ITC Indenture), as each may be amended, supplemented, modified or amended and restated, and all other documents related thereto.

  • Promptly, upon the filing thereof, copies of all notices, requests, reports, statements, financial information, annual reconciliation filings, filings with respect to the ITC Bonds, the Receivables and the CTC Receivables which it files with, or receives from, the PUC.

  • Except as otherwise permitted in its capacity as Servicer pursuant to the ITC Bonds Servicing Agreement, it will not extend, amend or otherwise modify the terms of any Receivable or any Contract related thereto other than in accordance with the Credit and Collection Practices.