Securitized property definition

Securitized property means the assets of each of the Members sold to the Issuer LLC pursuant to the related Property Sales Agreement, including without limitation the right to impose, bill, collect, receive and enforce the securitized charges as described in the Financing Order, as adjusted from time to time pursuant to and in accordance with the Financing Order.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Securitized property means the property right

Securitized property means the property right created under this subchapter, including the right, title, and interest of the electric cooperative or its assignee:

Examples of Securitized property in a sentence

Securitized Property Owner has good and marketable title to the Initial Securitized Properties.
Archon SPE Holdings is the sole owner of all of the issued and outstanding stock in Securitized Property Owner.
Lender shall also receive (1) copies of EPT DownREIT Inc.'s owner's title insurance policies insuring the Initial Pad Properties certified true; complete, correct, and without notice of claim or defense by a Financial Officer of Megaplex Owner, and (2) copies of Securitized Property Owner's owner's title insurance policies insuring the Initial Securitized Properties certified true, complete, correct, and without notices of claim or defense by a Financial Officer of Archon SPE Holdings.
If there is any condemnation for public use of any Securitized Property (or to the extent now or hereafter applicable, any T-Two Collateral), T-Two shall give immediate written notice thereof to the Administrative Agent.
Lender shall also receive (1) copies of EPT DownREIT Inc.'s owner's title insurance policies insuring the Initial Pad Properties certified true, complete, correct, and without notice of claim or defense by a Financial Officer of Megaplex Owner, and (2) copies of Securitized Property Owner's owner's title insurance policies insuring the Initial Securitized Properties certified true, complete, correct, and without notices of claim or defense by a Financial Officer of Archon SPE Holdings.
If there is any condemnation for public use of any Securitized Property (or to the extent now or hereafter applicable, any T-Two Collateral), T-Two shall give immediate written notice thereof to Agent.

More Definitions of Securitized property

Securitized property means: 19 (a) All rights and interests of a utility, its successor, or assignee under a

Securitized property means all securitized property as defined in Section 41.151(b)(11) of the Financing Act created pursuant to the Financing Order and sold or otherwise conveyed to the Issuer under the Sale Agreements, including the right to impose, collect and receive the Securitized Charges authorized in the Financing Order. As used in the Basic Documents, the term “Securitized Property” when used with respect to each of the Participating Members includes the contract rights of each Participating Member with respect to its Member Securitized Property that exist prior to the time that such rights are first transferred in connection with the issuance of the Securitized Bonds, at which time they become securitized property in accordance with Section 41.153 of the Financing Act.

Securitized property means the Member Securitized Property (as defined in the Financing Order), created pursuant to the Financing Act and the Financing Order, which includes, the rights, title and interest of the Seller (i) in and to the Securitized Charges established under the Financing Order, and (ii) in and to all revenue, collections, claims, payments, money, or proceeds of or arising from the Securitized Charges, which rights, title and interests are herein provided to be sold, transferred, assigned, set over and conveyed by the Seller to the Issuer as of the Closing Date.

Securitized property means: (a) All rights and interests of a utility, its successor, or assignee under a financing order, including the right to impose, bill, charge, collect, and receive securitized surcharges authorized under the financing order and to obtain periodic adjustments to those charges authorized under Sections 1 to 15 of this Act and as provided in the financing order; and (b) All revenues, collections, claims, rights to payments, payments, moneys, or proceeds arising from the rights and interests specified in the financing order, regardless of whether those revenues, collections, claims, rights to payment, payments, moneys, or proceeds are imposed, billed, received, collected, or maintained together with or commingled with other revenues, collections, rights to payment, payments, moneys, or proceeds;