Note Payment Sequence The application, in accordance with the Priority of Payments, of Interest Proceeds or Principal Proceeds, as applicable, in the following order:
Line section means either that portion of an EDU's electric system connected to a customer bounded by automatic sectionalizing devices, the end of the distribution line, or a line segment identified as appropriate for study by a utility engineer.
Payment Security Mechanism shall have the meaning ascribed thereto in Article 10.4 of this Agreement;
Short-Term U.S. Government Securities means U.S. Government Securities maturing within one (1) month of the applicable date of determination.
Government Securities means direct obligations of, or obligations guaranteed by, the United States of America, and the payment for which the United States pledges its full faith and credit.