State Pledge definition

State Pledge means the pledge of the State of North Carolina as set forth in Section 62-172(k) of the Storm Recovery Law.
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State Pledge means the pledge of the State of Michigan as set forth in Section 10n(2) of the Securitization Law.
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State Pledge means the pledge of the State of Texas as set forth in Section 39.310 of the Securitization Law.
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Examples of State Pledge in a sentence

  • Under the Storm Recovery Securitization Law, the State of Louisiana and the Louisiana Legislature have made the State Pledge and the Council has made the Council Pledge.

  • In addition, the Originator has pledged and agreed with the Note Issuer, the Trust and the Holders of the Certificates that the Originator will not act in a manner inconsistent with the State Pledge and will not take any action that would impair any rights of the Note Issuer, the Trust or the Holders of the Certificates in the Notes, the Transition Property or the Certificates.

  • Under the takings clauses of the United States and Ohio Constitutions, the State of Ohio could not repeal or amend the Securitization Law or take any other action in contravention of the State Pledge without paying just compensation to the Holders, as determined by a court of competent jurisdiction if doing so would constitute a substantial impairment of a contractual relationship and deprive the Holders of their reasonable expectations arising from their investments in the Phase-In-Recovery Bonds.

  • Further, the Originator does hereby pledge and agree with the Note Issuer, the Trust and the Holders of the Certificates that the Originator will not act in a manner inconsistent with the State Pledge and will not take any action that would impair any rights of the Note Issuer, the Trust or the Holders of the Certificates in the Notes, the Transition Property or the Certificates.

  • Under the Investment Recovery Securitization Law, the State of Louisiana and the Louisiana Legislature have made the State Pledge and the LPSC has made the Commission Pledge.


More Definitions of State Pledge

State Pledge means the pledge of the State of California as set forth in Section 850.1(e) of the Wildfire Financing Law.
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State Pledge means the pledge of the State of Florida as set forth in Section 366.95(11) of the Nuclear Asset-Recovery Law.
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State Pledge means the pledge of the State of Missouri as set forth in Section 393.1700.11
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State Pledge has the meaning set forth in Section 11.01(a).
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State Pledge has the meaning specified in Section 2.13.
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State Pledge means the pledge of the State of Louisiana as set forth in Section 1234 of the Securitization Act.
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State Pledge means the pledge of the State of New York as set forth in Section 9 of the Act.
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