Recoverable Debt definition
Recoverable Debt means, as of the date of determination, any amounts of Debt (other than Securitized Debt) of the Company and its Subsidiaries that are incurred to fund costs in connection with any Unforeseen Event that (a) are of the type approved for recovery by the FPSC and (b) reasonably expected to be filed for recovery within fifteen (15) months of the incurrence of such Debt; provided, however, that (A) any amounts of such Debt incurred to fund costs that are not filed for recovery within fifteen (15) months of the date such Debt is incurred shall no longer constitute “Recoverable Debt” and (B) any amounts of such Debt incurred to fund costs that have been filed for recovery and disallowed by the FPSC shall, from the date that is six (6) months after such disallowance, no longer constitute “Recoverable Debt.”