Appointment of Servicer; Acceptance of Appointment. Subject to Section 5.04 and Article VI, the Issuer hereby appoints the Servicer, and the Servicer hereby accepts such appointment, to perform the Servicer's obligations pursuant to this Agreement on behalf of and for the benefit of the Issuer in accordance with the terms of this Agreement. This appointment and the Servicer's acceptance thereof may not be revoked except in accordance with the express terms of this Agreement.
Appears in 4 contracts
Samples: Intangible Transition Property Servicing Agreement (Pp&l Transition Bond Co Inc), Servicing Agreement (West Penn Funding LLC), Intangible Transition Property Servicing Agreement (Pp&l Transition Bond Co Inc)
Appointment of Servicer; Acceptance of Appointment. Subject to Section 5.04 and Article VI, the each Issuer hereby appoints the Servicer, and the Servicer hereby accepts such appointment, to perform the Servicer's obligations pursuant to this Agreement on behalf of and for the benefit of the each Issuer in accordance with the terms of this Agreement. This appointment and the Servicer's acceptance thereof may not be revoked except in accordance with the express terms of this Agreement.
Appears in 3 contracts
Samples: Master Servicing Agreement (Peco Energy Transition Trust), Master Servicing Agreement (Peco Energy Transition Trust), Master Servicing Agreement (Peco Energy Transition Trust)
Appointment of Servicer; Acceptance of Appointment. Subject to Section 5.04 5.06 and Article VI, the Issuer hereby appoints the Servicer, and the Servicer hereby accepts such appointment, to perform the Servicer's obligations pursuant to this Servicing Agreement on behalf of and for the benefit of the Issuer in accordance with the terms of this Servicing Agreement. This appointment and the Servicer's acceptance thereof may not be revoked except in accordance with the express terms of this Servicing Agreement.
Appears in 2 contracts
Samples: Servicing Agreement (Jcp&l Transition Funding LLC), Servicing Agreement (Jcp&l Transition Funding LLC)
Appointment of Servicer; Acceptance of Appointment. Subject to Section 5.04 5.04, Section 5.06 and Article VI, the Issuer hereby appoints the Servicer, and the Servicer hereby accepts such appointment, to perform the Servicer's obligations pursuant to this Agreement on behalf of and for the benefit of the Issuer in accordance with the terms of this Agreement. This appointment and the Servicer's acceptance thereof may not be revoked except in accordance with the express terms of this Agreement.
Appears in 1 contract
Samples: Transition Property Servicing Agreement (Reliant Energy Transition Bond Co LLC)
