Alternative Energy Suppliers. So long as any of the Storm-Recovery Bonds are Outstanding, the Servicer shall take reasonable efforts to assure that no AES bills or collects Storm-Recovery Charges on behalf of the Issuer unless required by applicable law or regulation and, to the extent permitted by applicable law or regulation, the Rating Agency Condition is satisfied. If an AES does bill or collect Storm-Recovery Charges on behalf of the Issuer, xxxx the reasonable request of the Issuer, the Commission, any Trustee, or any Rating Agency, the Servicer shall take reasonable steps to assure that such an AES provides to the Issuer, the Commission, each Trustee or the Rating Agencies, as the case may be, any public financial information in respect of such AES, or any material information regarding the Storm-Recovery Property to the extent it is reasonably available to such AES, as may be reasonably necessary and permitted by law for the Issuer, the Commission, any Trustee or the Rating Agencies to monitor such AES' performance hereunder. In addition, so long as any of the Storm-Recovery Bonds are Outstanding, Servicer will use commercially reasonable efforts to ensure that such AES provide to the Issuer and to any Trustee, within a reasonable time after written request therefor, any information available to the AES or reasonably obtainable by it that is necessary to calculate the Storm-Recovery Charges.
Appears in 3 contracts
Samples: Property Servicing Agreement (FPL Recovery Funding LLC), Florida Power & Light Co, FPL Recovery Funding LLC
Alternative Energy Suppliers. So long as any of the Storm-Recovery Series A Bonds are Outstanding, the Servicer shall take reasonable efforts to assure that no AES bills or collects Storm-Recovery Series Charges on behalf of the Issuer unless required by applicable law or regulation and, to the extent permitted by applicable law or regulation, the Rating Agency Condition is satisfied. If an AES does bill xxxx or collect Storm-Recovery Series Charges on behalf of the Issuer, xxxx upon the reasonable request of the Issuer, the Commission, any the Indenture Trustee, or any Rating Agency, the Servicer shall take reasonable steps to assure that such an AES provides to the Issuer, the Commission, each the Indenture Trustee or the Rating Agencies, as the case may be, any public financial information in respect of such AES, or any material information regarding the Storm-Recovery Series Property to the extent it is reasonably available to such AES, as may be reasonably necessary and permitted by law for the Issuer, the Commission, any the Indenture Trustee or the Rating Agencies to monitor such AES' β performance hereunder. In addition, so long as any of the Storm-Recovery Series A Bonds are Outstanding, Servicer will use commercially reasonable efforts to ensure that such AES provide to the Issuer and to any the Indenture Trustee, within a reasonable time after written request therefor, any information available to the AES or reasonably obtainable by it that is necessary to calculate the Storm-Recovery Series Charges.
Appears in 3 contracts
Samples: Property Servicing Agreement (Duke Energy Florida, Llc.), Property Servicing Agreement (Duke Energy Florida, Llc.), Property Servicing Agreement (Duke Energy Florida, Llc.)