Term of Agreement; Resignation and Removal of Administrator. (a) This Administration Agreement shall continue in force until the payment in full of the Storm Recovery Bonds and any other amount that may become due and payable under the Indenture, upon which event this Administration Agreement shall automatically terminate. Notwithstanding the foregoing, the Administrator’s obligation under Section 11(c) to indemnify DEP Customers shall survive termination of this Administration Agreement.
Appears in 7 contracts
Samples: Administration Agreement (Duke Energy Progress SC Storm Funding LLC), Administration Agreement (Duke Energy Progress SC Storm Funding LLC), Administration Agreement (Duke Energy Progress SC Storm Funding LLC)
Term of Agreement; Resignation and Removal of Administrator. (a) This Administration Agreement shall continue in force until the payment in full of the Storm Recovery Bonds and any other amount that may become due and payable under the Indenture, upon which event this Administration Agreement shall automatically terminate. Notwithstanding the foregoing, the Administrator’s obligation under Section 11(c) to indemnify DEP DEC Customers shall survive termination of this Administration Agreement.
Appears in 3 contracts
Samples: Administration Agreement (Duke Energy Carolinas NC Storm Funding LLC), Administration Agreement (Duke Energy Carolinas NC Storm Funding LLC), Administration Agreement (Duke Energy Carolinas NC Storm Funding LLC)
