Transition bonds definition

Transition bonds means bonds, notes, certificates of

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

• 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.

• 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.

• Transition bonds are a subset of sustainable debt finance instruments whereby the issuer is raising funds in debt markets for climate and/or just transition-related purposes.

• Transition bonds are a newer type of financial instrument and can be issued to fund a utility’s transitions towards improved environmental impacts and lower carbon emissions.59 This type of bond does not require the issuer to meet the same strict environmental and GHG emissions criteria to be classified as “green” as is the case for green bonds.60 It is sometimes challenging for electric utilities in carbon-intensive energy sectors to fulfill these strict criteria and be able to issue green bonds.

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 bonds, debentures, notes, certificates of participation or of beneficial interest, or other evidences of indebtedness or ownership that are issued by an electric utility, its successors, or an assignee under a financing order, that have a term not longer than 15 years, and that are secured by or payable from transition property. If certificates of participation, beneficial interest, or ownership are issued, references in this subchapter to principal, interest, or premium shall refer to comparable amounts under those certificates.