Required Capital Level definition

Required Capital Level means an amount of capital equal to 0.5% of the initial principal amount of the Securitization Bonds.

Required Capital Level means the amount specified as such in the Series Supplement therefor.

Required Capital Level means an amount equal to 0.50% of the initial principal amount of the Recovery Bonds, or such other amount as may be permitted or required under the Financing Order and applicable Internal Revenue Service rulings, deposited into the Capital Subaccount by the Member prior to or upon the issuance of the Recovery Bonds.

Examples of Required Capital Level in a sentence

• Evidence satisfactory to the Indenture Trustee that the Required Capital Level has been credited to the Capital Subaccount.

• Prior to the Initial Payment Date, all amounts in the Collection Account (other than funds deposited into the Capital Subaccount, up to the Required Capital Level and any Capital Subaccount Investment Earnings) shall be allocated to the General Subaccount.

• Prior to the initial Payment Date, all amounts in the Collection Account (other than funds deposited into the Capital Subaccount up to the Required Capital Level) shall be allocated to the General Subaccount.

• Prior to the initial Payment Date, all amounts in the Collection Account (other than funds deposited into the Capital Subaccount, up to the Required Capital Level) shall be allocated to the General Subaccount.

• Prior to or concurrently with the issuance of Recovery Bonds, the Member shall deposit into the Capital Subaccount an amount equal to the Required Capital Level.

More Definitions of Required Capital Level

Required Capital Level means, as of any Payment Date, the sum of ---------------------- 0.50% of the initial principal amount of each then-outstanding Series of Notes issued pursuant to this Indenture prior to that Payment Date, less $100,000 in the aggregate for all Series of Notes.

Required Capital Level means, with respect to each Series of Transition Bonds, an amount equal to 0.50% of the initial principal amount of such Series, or such other amount as may be permitted or required under the Applicable Financing Order and applicable Internal Revenue Service rulings, deposited into the Capital Subaccount by the Member prior to or upon the issuance of such Series.

Required Capital Level means, with respect to any Series of Nuclear Asset-Recovery Bonds, the amount specified as such in the Series Supplement therefor.

Required Capital Level means the amount specified as such in the Supplemental Indenture.

Required Capital Level means, as of any Payment Date, .50 percent of the initial principal amount of the Notes.

Required Capital Level means an amount equal to 0.50% of the initial principal amount of the Securitization Bonds, or such higher amount as may be set forth in the Series Supplement, deposited into the Capital Account by the Member prior to or upon the issuance of the Securitization Bonds.

Required Capital Level means an amount equal to 0.50% of the initial principal amount of the Securitized Utility Tariff Bonds, or such other amount as may be permitted or required under the Financing Order and applicable Internal Revenue Service rulings, deposited into the Capital Subaccount by the Member prior to or upon the issuance of the Securitized Utility Tariff Bonds.