Common use of Action upon Termination, Resignation or Removal Clause in Contracts

Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to Section 10(a) or the resignation or removal of the Administrator pursuant to Section 10(b) or Section 10(c), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the effective date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to Section 10(a) deliver to the Issuing Entity all property and documents of or relating to the Issuing Entity Collateral and the Grantor Trust Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Sections 10(b), 10(c) or 10(d) respectively, the Administrator shall cooperate with the Issuing Entity and take all reasonable steps requested to assist the Issuing Entity in making an orderly transfer of the duties of the Administrator.

Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Administration Agreement pursuant to Section 10(a8(a) or the resignation of the Administrator or the removal of the Administrator pursuant to Section 10(b) or Section 10(c), respectively8, the Administrator shall be entitled to be paid a pro-rated portion of the annual fee described in Section 2 hereof through the date of termination and all fees and reimbursable expenses accruing to Reimbursable Expenses incurred by it to through the effective date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to Section 10(a8(a) deliver to the Issuing Entity Issuer all property and documents of or relating to the Issuing Entity Collateral and the Grantor Trust Securitized Utility Tariff Bond Collateral then in the custody of the Administrator. In the event of the resignation of the Administrator or the removal of the Administrator pursuant to Sections 10(b), 10(c) or 10(d) respectivelySection 8, the Administrator shall cooperate with the Issuing Entity Issuer and take all reasonable steps requested to assist the Issuing Entity Issuer in making an orderly transfer of the duties of the Administrator.

Action upon Termination, Resignation or Removal. Promptly upon ----------------------------------------------- the effective date of termination of this Agreement pursuant to Section 10(a) or the resignation or removal of the Administrator pursuant to Section 10(b) or Section 10(c(c), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the effective date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to Section 10(a) deliver to the Issuing Entity Owner Trustee all property and documents of or relating to the Issuing Entity Collateral and the Grantor Trust Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Sections Section 10(b) or (c), 10(c) or 10(d) respectively, the Administrator shall cooperate with the Issuing Entity Owner Trustee and take all reasonable steps requested to assist the Issuing Entity Owner Trustee in making an orderly transfer of the duties of the Administrator.

Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to Section 10(a8(a) of this Agreement or the resignation or removal of the Administrator pursuant to Section 10(b8(b), (c) or Section 10(c)(d) of this Agreement, respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the effective date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to Section 10(a8(a) of this Agreement deliver to the Issuing Entity all property and documents of or relating to the Issuing Entity Collateral and Notes or the Grantor Trust Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Sections 10(bSection 8(b), 10(c(c) or 10(d(d) of this Agreement, respectively, the Administrator shall cooperate with the Issuing Entity and take all reasonable steps requested to assist the Issuing Entity in making an orderly transfer of the duties of the Administrator.

Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Administration Agreement pursuant to Section 10(a8(a) hereof or the resignation or removal of the Issuer Administrator pursuant to Section 10(b8(b) or Section 10(c)(c) hereof, respectively, the Issuer Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the effective date of such termination, resignation or removal. The Issuer Administrator shall forthwith upon such termination pursuant to Section 10(a8(a) hereof deliver to the Issuing Entity Issuer all property and documents of or relating to the Issuing Entity Collateral and the Grantor Trust Collateral Estate then in the custody of the Issuer Administrator. In the event of the resignation or removal of the Issuer Administrator pursuant to Sections 10(b), 10(cSection 8(b) or 10(d(c) hereof, respectively, the Issuer Administrator shall cooperate with the Issuing Entity Issuer and take all reasonable steps requested to assist the Issuing Entity Issuer in making an orderly transfer of the duties of the Issuer Administrator.

Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to Section 10(a8(a), the resignation of the Administrator pursuant to Section 8(b) or the resignation or removal of the Administrator pursuant to Section 10(b8(c) or Section 10(c(d), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the effective date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to Section 10(a8(a) deliver to the Issuing Entity Issuer all property and documents of or relating to the Issuing Entity Collateral and the Grantor Trust Collateral then in the custody of the Administrator. In the event of the resignation of the Administrator pursuant to Section 8(b) or the removal of the Administrator pursuant to Sections 10(b), 10(cSection 8(c) or 10(d) respectively(d), the Administrator shall cooperate with the Issuing Entity Issuer and take all reasonable steps requested to assist the Issuing Entity Issuer in making an orderly transfer of the duties of the Administrator.

Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to Section 10(a) or the resignation or removal of the Administrator pursuant to Section 10(b) or Section 10(c), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the effective date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to Section 10(a) deliver to the Issuing Entity all property and documents of or relating to the Issuing Entity Collateral [and the Grantor Trust Collateral Collateral] then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Sections 10(b), 10(c) or 10(d) respectively, the Administrator shall cooperate with the Issuing Entity and take all reasonable steps requested to assist the Issuing Entity in making an orderly transfer of the duties of the Administrator.

Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement the Administrator pursuant to Section 10(asubsection 5.08(c) or the resignation or removal of the Administrator pursuant to Section 10(bsubsection 5.08(a) or Section 10(c(b), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the effective date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to Section 10(asubsection 5.08(c) deliver to the Issuing Entity all property and documents of or relating to the Issuing Entity Collateral and the Grantor Trust Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Sections 10(bsubsection 5.08(a), 10(c(b) or 10(d) (d), respectively, the Administrator shall cooperate with the Issuing Entity and take all reasonable steps requested to assist the Issuing Entity in making an orderly transfer of the duties of the Administrator.. [END OF ARTICLE V] ARTICLE VI OTHER MATTERS RELATING TO THE TRANSFEROR

Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement the Administrator pursuant to Section 10(asubsection 5.08(c) or the resignation or removal of the Administrator pursuant to Section 10(bsubsection 5.08(a) or Section 10(c(b), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the effective date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to Section 10(asubsection 5.08(c) deliver to the Issuing Entity all property and documents of or relating to the Issuing Entity Collateral and the Grantor Trust Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Sections 10(bsubsection 5.08(a), 10(c(b) or 10(d) (d), respectively, the Administrator shall cooperate with the Issuing Entity and take all reasonable steps requested to assist the Issuing Entity in making an orderly transfer of the duties of the Administrator.. [END OF ARTICLE V]

Action upon Termination, Resignation or Removal. of the Administrator. Promptly upon the effective date of termination of this Agreement pursuant to Section 10(a9(a) hereof or the resignation or removal of the Administrator pursuant to Section 10(b9(b), (c) or Section 10(c)(g) hereof, respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the effective date of such termination, resignation or removal. The Administrator shall forthwith forthwith, upon such termination pursuant to Section 10(a) 9(a), deliver to the Issuing Entity successor Administrator—or, if this Agreement has been terminated, to the Depositor—all property and documents of or relating to the Issuing Entity Collateral and the Grantor Trust Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Sections 10(bSection 9(b), 10(c(c) or 10(d) (d), respectively, the Administrator shall cooperate with the Issuing Entity and take all reasonable steps requested to assist the Issuing Entity in making an orderly transfer of the duties of the Administrator.