Examples of Securitized Bonds in a sentence
Credit Risk on Securitized Bonds depends upon the Originator and varies depending on whether they are issued with Recourse to Originator or otherwise.
ALLOCATION: Costs associated with repaying the Securitized Bonds shall be collected under the Securitized Charges described below; provided, however, the Securitized Charges shall not be billed to any Excluded Customer as provided in the Financing Order.
TERM: The charges associated with repaying the Securitized Bonds (“Securitized Charges”) imposed by this rider shall become effective the first billing cycle following the issuance of the Securitized Bonds and shall remain in effect until the complete repayment and retirement of the Securitized Bonds and payment in full of the Ongoing Financing Costs.
TRUE UP: The Securitized Charges imposed by this rider shall be set and adjusted from time to time as set forth in any True-Up Letter delivered to the Cooperative by the Master Servicer for the Securitized Bonds, delivered under the terms of and in accordance with the Financing Order and the Master ServicingBARTLETT ELECTRIC COOPERATIVE, INC.
The termination fee shall equal the Securitized Charges billed to the Member over the previous 12 months (or an approximate annualized amount, based on amounts billed to such customer to date, for Members that have been billed the Securitized Charges for fewer than 12 months) multiplied by the remaining years that the Securitized Bonds are scheduled to be outstanding.