"Fair Value" And "Fair Value To The Obligor" - Securities
The mortgage bond indenture (herein called a "Mortgage") under which many electric and gas utility companies in the United States issue debt securities...
Source: mondaq.com
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Utility Mortgage Bond Indentures and the Trust Indenture Act of 1939
Mortgages contain complex provisions relating to release of property from lien of Mortgage and use of property held by company as basis for issuance of bonds. Of particular interest are certification requirements for fair value in connection with these operations.
Source: natlawreview.com