{"component": "definition", "props": {"groups": [{"size": 40, "samples": [{"hash": "6vK0CLgNXOt", "uri": "/contracts/6vK0CLgNXOt#state-pledge", "label": "Indenture (Duke Energy Carolinas NC Storm Funding II LLC)", "score": 36.7453804016, "published": true}, {"hash": "quge0YDWJu", "uri": "/contracts/quge0YDWJu#state-pledge", "label": "Indenture (Duke Energy Carolinas NC Storm Funding II LLC)", "score": 36.7316894531, "published": true}, {"hash": "5RDXMGpj4H9", "uri": "/contracts/5RDXMGpj4H9#state-pledge", "label": "Indenture (Duke Energy Carolinas NC Storm Funding II LLC)", "score": 36.671459198, "published": true}], "snippet": "means the pledge of the State of North Carolina as set forth in Section 62-172(k) of the Storm Recovery Law.", "snippet_links": [{"key": "the-pledge", "type": "definition", "offset": [6, 16]}, {"key": "state-of-north-carolina", "type": "clause", "offset": [24, 47]}, {"key": "storm-recovery-law", "type": "definition", "offset": [89, 107]}], "hash": 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"published": true}], "snippet": "means the pledge of the State of Louisiana and the Louisiana Legislature as set forth in Section 1234 of the Storm Recovery Securitization Law.", "snippet_links": [{"key": "the-pledge", "type": "definition", "offset": [6, 16]}, {"key": "state-of-louisiana", "type": "clause", "offset": [24, 42]}, {"key": "securitization-law", "type": "definition", "offset": [124, 142]}], "hash": "dfed908fad7b9be04f901d6a02284e5a", "id": 8}, {"size": 6, "samples": [{"hash": "4UH3FbfaHQT", "uri": "/contracts/4UH3FbfaHQT#state-pledge", "label": "Indenture (RG&E Storm Funding LLC)", "score": 36.1211509705, "published": true}, {"hash": "kqFUyMXa1RP", "uri": "/contracts/kqFUyMXa1RP#state-pledge", "label": "Indenture (NYSEG Storm Funding LLC)", "score": 36.1129379272, "published": true}, {"hash": "7v9IVEcNWFg", "uri": "/contracts/7v9IVEcNWFg#state-pledge", "label": "Indenture (RG&E Storm Funding LLC)", "score": 36.1101989746, "published": true}], "snippet": "means the pledge of the State of New York as set forth in Section 9 of the Act.", "snippet_links": [{"key": "the-pledge", "type": "definition", "offset": [6, 16]}, {"key": "state-of-new-york", "type": "definition", "offset": [24, 41]}, {"key": "section-9", "type": "definition", "offset": [58, 67]}, {"key": "the-act", "type": "clause", "offset": [71, 78]}], "hash": "671fc017def09d4e87b0980602b7bcf6", "id": 9}, {"size": 6, "samples": [{"hash": "fW5KXxXeXIY", "uri": "/contracts/fW5KXxXeXIY#state-pledge", "label": "Indenture (Comed Funding LLC)", "score": 18.0, "published": true}, {"hash": "fVaubpKuH86", "uri": "/contracts/fVaubpKuH86#state-pledge", "label": "Indenture (Comed Funding LLC)", "score": 18.0, "published": true}, {"hash": "fKLgX59td8K", "uri": "/contracts/fKLgX59td8K#state-pledge", "label": "Indenture (Comed Funding LLC)", "score": 18.0, "published": true}], "snippet": "means the pledge of the State of Illinois as set forth in Section 18-105(b) of the Funding Law.", "snippet_links": [{"key": "the-pledge", "type": "definition", "offset": [6, 16]}, {"key": "state-of-illinois", "type": "definition", "offset": [24, 41]}, {"key": "section-18", "type": "definition", "offset": [58, 68]}, {"key": "funding-law", "type": "definition", "offset": [83, 94]}], "hash": "7ef93190933a872894b5917495382953", "id": 10}], "next_curs": "ClkSU2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjULEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIVc3RhdGUtcGxlZGdlIzAwMDAwMDBhDKIBAmVuGAAgAA==", "definition": {"size": 242, "title": "State Pledge", "snippet": "means the pledge of the State of North Carolina as set forth in Section 62-172(k) of the Storm Recovery Law.", "id": "state-pledge", "examples": ["Under the Storm Recovery Securitization Law, the State of Louisiana and the Louisiana Legislature have made the <strong>State Pledge</strong> 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 <strong>State Pledge</strong> 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 <strong>State Pledge</strong> 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 <strong>State Pledge</strong> 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 <strong>State Pledge</strong> and the LPSC has made the Commission Pledge.", "Further, it is also our opinion, subject to all of the qualifications, limitations and assumptions set forth in this Opinion, that the <strong>State Pledge</strong> is not an impermissible attempt to \u201ccontract away\u201d the police power of the State of Louisiana, and will not be disregarded under the reserved powers doctrine, and that the Securitization Act is constitutional in all material respects under the Louisiana Constitution.", "Nothing in this [<strong>State Pledge</strong>] shall preclude limitation or alteration if full compensation is made by law for the full protection of the storm-recovery charges collected pursuant to a financing order and of the holders of bonds and any assignee or financing party entering into a contract with the electric utility.", "The <strong>State Pledge</strong> is hereby incorporated into this Indenture and made a part hereof.", "The Seller shall not indemnify any party under this Section 5.01 for any changes in law after the 2009 Sale Date or the Subsequent Sale Date, as applicable, or as a result of the State of West Virginia\u2019s exercise of its power under the Statute or the State of West Virginia\u2019s limitation, alteration, impairment or reduction of the value of Environmental Control Property or Environmental Control Charges after any issuance date in breach of the <strong>State Pledge</strong>.", "Further, the Certificate Issuer does hereby pledge and agree with the Note Issuer and the Holders of the Certificates that it will not act in a manner inconsistent with the <strong>State Pledge</strong> and will not take any action that would impair any rights of the Note Issuer or the Holders of the Certificates or the Notes, the Transition Property or the Certificates."], "related": [["note-pledgee", "Note Pledgee", "Note Pledgee"], ["state-plan", "State plan", "State plan"], ["sale-or-pledge", "Sale or Pledge", "Sale or Pledge"], ["state-party", "State Party", "State Party"], ["company-pledge-agreement", "Company Pledge Agreement", "Company Pledge Agreement"]], "related_snippets": [], "updated": "2026-03-01T05:21:46+00:00"}, "json": true, "cursor": ""}}