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Finding and Order ordered that Applicant is authorized, within twelve months of the date of this Order to: (a) issue and sell secured or unsecured promissory notes, debentures or other debt securities in one or more series, (b) borrow from the Ohio Air Quality Authority through the issuance of tax exempt bonds, (c) enter into one or more secured or unsecured term loan or revolving credit agreements, (d) issue and sell any combination of Notes and Credit Facilities to one or more commercial banks, financial
institutions or other institutional investors, or borrowing from the Authority from time to time, in an aggregate principal amount of up to $1,300 million, and (e) enter into Interest Rate Management Agreements, all consistent with the parameters specified in the Application and Exhibits; that Applicant is authorized to apply the proceeds from the sale of the securities for the purposes set forth in this Order; that Applicant shall file written reports with this Commission with the terms and full particulars of each issuance of the Securities, as promptly as possible, ordered that Applicant shall account for the issuance of the Securities and Interest Rate Management Agreements as prescribed by the Federal Energy Regulatory Commission Uniform System of Accounts as currently in effect. |
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