Transition bonds definition

Transition bonds means bonds, notes, certificates of

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Transition bonds means bonds, notes, certificates of participation, beneficial interest, or other evidences of indebtedness or ownership issued pursuant to an indenture, contract, or other agreement of an electric public utility or a financing entity, the proceeds of which are used, directly or indirectly, to recover, finance or refinance bondable stranded costs and which are, directly or indirectly, secured by or payable from bondable transition property. References in P.L.1999, c.23 (C.48:3-49 et al.) to principal, interest, and acquisition or redemption premium with respect to transition bonds which are issued in the form of certificates of participation or beneficial interest or other evidences of ownership shall refer to the comparable payments on such securities.

Transition bonds means any bond, debenture, note, interim certificate, collateral, trust certificate, or other evidence of indebtedness or ownership issued by the board or other transition bonds issuer that is secured by or payable from fixed transition amounts or transition property. Proceeds from transition bonds must be used to recover, reimburse, finance, or refinance transition costs and to acquire transition property.

Examples of Transition bonds in a sentence

• Under the laws of the State of Texas in effect on the Closing Date, the State of Texas has agreed for the benefit of the Holders, pursuant to Section 39.310 of the Securitization Law, as follows: "Transition bonds are not a debt or obligation of the state and are not a charge on its full faith and credit or taxing power.

• Under the laws of the State of Texas in effect on the Closing Date, the State of Texas (including the PUCT) has agreed for the benefit of the Holders, pursuant to Section 39.310 of the Securitization Law, as follows: "Transition bonds are not a debt or obligation of the state and are not a charge on its full faith and credit or taxing power.

• Under the laws of the State of Texas in effect on the Closing Date, the State of Texas has agreed for the benefit of the Holders and the Indenture Trustee, pursuant to Sections 39.310 and 39.460 of the Securitization Law, as follows: "Transition bonds are not a debt or obligation of the state and are not a charge on its full faith and credit or taxing power.

• The Securitization Law provides that: "Transition bonds are not a debt or obligation of the state and are not a charge on its full faith and credit or taxing power.

• Under the laws of the State of Texas in effect on the Closing Date, the State of Texas has agreed for the benefit of the Holders and the Indenture Trustee, pursuant to Sections 39.310 and 36.403 of the Securitization Law, as follows: "Transition bonds are not a debt or obligation of the state and are not a charge on its full faith and credit or taxing power.

More Definitions of Transition bonds

Transition bonds means any bond, debenture, note, interim certificate, collateral, trust

Transition bonds means bonds described as “transition bonds” in the New Jersey Transition Bond Statute.

Transition bonds means "transition bonds" (as defined in the Statute) issued by any Issuer.

Transition bonds means the Transition Bonds authorized by the Financing Order and issued under the Indenture.

Transition bonds has the meaning specified in the Indenture.

Transition bonds. (as defined in the Statute) issued by any Issuer.

Transition bonds means the 2008 Senior Secured Transition Bonds issued by the Company pursuant to the Indenture.