PU Code definition

PU Code means the California Public Utilities Code, as amended from time to time.
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PU Code means the California Public Utilities Code, as amended from ------- time to time. "Rating Agency" means ▇▇▇▇▇'▇ Investors Service Inc., Standard & ------------- Poor's Rating Services and Fitch Investors Service, L.L.P., or their respective successors or such nationally recognized statistical rating organizations designated by the Company with notice to the Note Trustee, the Certificate Trustee and the Initial Member in its role as servicer under the Servicing Agreement. "Rating Agency Condition" means, with respect to any action, that each ----------------------- Rating Agency shall have been given ten days prior notice thereof and that each of the Rating Agencies shall have notified the Company in writing that such action will not result in a reduction or withdrawal of the then current rating by such Rating Agency of any Series or Class of the Notes. "Sale Agreement" means the Transition Property Purchase and Sale -------------- Agreement to be entered into between the Company and the Initial Member, as seller. "Sale Documents" means the collective reference to the Sale Agreement, -------------- any Subsequent Sale Agreements and the agreements, instruments and documents contemplated thereby, as the same may be amended, supplemented or otherwise modified from time to time. "Series" means each series of Notes issued and authenticated pursuant ------ to the Indenture. "Servicing Agreement" means the Transition Property Servicing ------------------- Agreement to be entered into between the Company and the Initial Member, as servicer, as the same may be amended, supplemented or otherwise modified from time to time. "Statute" means Assembly ▇▇▇▇ 1890, Chapter 854, California Statutes ------- of 1996, as amended by Senate ▇▇▇▇ 477, Chapter 275, California Statutes of 1997, and as further amended from time to time. "Subsequent Sale Agreement" means any sale agreement substantially ------------------------- similar to the Sale Agreement, and entered into subsequently thereto, pursuant to which the Initial Member will sell Subsequent Transition Property to the Company.
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PU Code means the California Public Utilities Code, as amended from ------- time to time. "Rating Agency" means ▇▇▇▇▇'▇ Investors Service Inc., Standard & Poor's ------------- Rating Services, and Fitch Investors Service, L.P., or their respective successors or such nationally recognized statistical rating organizations designated by the Company with notice to the Note Trustee, the Certificate Trustee and the Initial Member in its role as servicer under the Servicing Agreement. "Rating Agency Condition" means, with respect to any action, that each ----------------------- Rating Agency shall have been given ten days prior notice thereof and that each of the Rating Agencies shall have notified the Company in writing that such action will not result in a reduction or withdrawal of the then current rating by such Rating Agency of any Series or Class of the Notes. "Sale Agreement" means the Transition Property Purchase and Sale Agreement -------------- to be entered into between the Company and the Initial Member, as seller.
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Examples of PU Code in a sentence

  • Subject to and in accordance with the terms of the Trust Agreement, the Originator has represented and warranted under the Trust Agreement that the Trust constitutes a "special purpose trust" under Section 63010 of the California Government Code and a "financing entity" under Section 840 of the PU Code, and that the Certificates constitute "rate reduction bonds" under Section 840 of the PU Code and that the Holders of the Certificates are entitled to the rights and benefits thereunder.

  • In addition, upon a Servicer Default described in Section 7.01(a), each of the following shall be entitled to apply to the CPUC for sequestration and payment of revenues arising with respect to the Transition Property: (1) the Certificateholders and the Certificate Trustee as beneficiary of any statutory lien permitted by the PU Code; (2) the Note Issuer or its assignees; or (3) pledgees or transferees, including transferees under Section 844 of the PU Code, of the Transition Property.

  • Pursuant to the Statute and the Financing Order, the Seller and the Note Issuer are concurrently entering into the Sale Agreement pursuant to which the Seller is selling to the Note Issuer the Transition Property created pursuant to the PU Code, the Financing Order and the Issuance Advice Letter described in such agreement, and the Seller may sell other Transition Property to the Note Issuer pursuant to Subsequent Sale Agreements.

  • The Note Issuer shall have caused all Collateral --------------- to have been Granted to the Note Trustee or, if requested by the Note Trustee, its nominee and will have caused all related filings with the CPUC pursuant to the PU Code and other filings in connection with such Grant to have been duly made.

  • The Seller shall notify the Note ---------------- Issuer and the Note Trustee promptly after becoming aware of any Lien on any of the Transition Property other than the conveyances hereunder or under the Indenture or any statutory lien under Section 843(g) of the PU Code.

  • Such sale, transfer, assignment, set over and conveyance is hereby expressly stated to be a sale and, pursuant to Section 844(a) of the PU Code, shall be treated as an absolute transfer of all of the Seller's right, title and interest (as in a true sale), and not as a pledge or other financing, of the Transition Property.

  • No further action, other than any filings required by Sections 9-403(2)-(3), 9-306, 9-402(7) and 9-103 of the Uniform Commercial Code and Sections 843 and 844 of the PU Code, is required to maintain such first priority perfected ownership or security interest (subject to any statutory lien in favor of the holders of the rate reduction bonds issued pursuant to the Financing Order and the trustee or the representative for such holders pursuant to Section 843(g) of the PU Code).

  • The Seller takes the position that it has no rights in the Transition Property to which such a security interest could attach because it has sold all rights in the Transition Property to the Note Issuer pursuant to Section 844(a) of the PU Code.

  • This is the statement referred to in Section 844(a) of the PU Code.

  • Such sale, transfer, assignment, set over and conveyance is hereby expressly stated to be a sale and, pursuant to Section 844(a) of the PU Code, shall be treated as an absolute transfer of all of the Seller's right, title and interest (as in a true sale), and not as a pledge or other financing, of the Transition Property, other than for federal and state income and franchise tax purposes.


More Definitions of PU Code

PU Code means the Arizona Revised Statutes Sections 40-101 et seq., as amended.
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Related to PU Code

  • JORC Code means the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves prepared by the Joint Ore Reserves Committee of the Australasian Institute of Mining and Metallurgy, Australian Institute of Geoscientists and Minerals Council of Australia, as amended;

  • Uniform Network Code means the uniform network code as defined in Standard Special Condition A11(6) of National Grid’s transporters licence, as such code may be amended from time to time in accordance with the terms thereof.

  • Grid Code / “IEGC” or “State Grid Code” shall mean the Grid Code specified by the Central Commission under clause (h) of sub-section (1) of Section 79 of the Electricity Act and/or the State Grid Code as specified by the concerned State Commission referred under clause (h) of sub-section (1) of Section 86 of the Electricity Act, as applicable;

  • QR Code means a matrix barcode that links to information about a battery model;

  • IMDG Code means the International Maritime Dangerous Goods Code, for the implementation of Chapter VII, Part A, of the International Convention for the Safety of Life at Sea, 1974 (SOLAS Convention), published by the International Maritime Organization (IMO), London;