Common use of Assignment of Servicer's Obligations Clause in Contracts

Assignment of Servicer's Obligations. The Servicer may not assign its obligations hereunder to any successor unless either (i) the Rating Agency Condition has been satisfied and the PSCWV has approved such assignment, or (ii) the Servicer is replaced by a Successor Servicer pursuant to Section 6.04.

Appears in 8 contracts

Samples: Environmental Control Property Servicing Agreement (PE Environmental Funding LLC), Environmental Control Property Servicing Agreement (MP Environmental Funding LLC), Environmental Control Property Servicing Agreement (MP Environmental Funding LLC)

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Assignment of Servicer's Obligations. The Servicer may not assign its obligations hereunder to any successor unless either (i) the Rating Agency Condition has been satisfied and the PSCWV Commission has approved such assignment, or (ii) the Servicer is replaced by a Successor Servicer pursuant to Section 6.046.03.

Appears in 3 contracts

Samples: Storm Recovery Property Servicing Agreement (FPL Recovery Funding LLC), Storm Recovery Property Servicing Agreement (FPL Recovery Funding LLC), Storm Recovery Property Servicing Agreement (Florida Power & Light Co)

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Assignment of Servicer's Obligations. The Servicer may not assign its obligations hereunder to any successor unless either (i) the Rating Agency Condition has been 13 satisfied and the PSCWV has approved such assignment, or (ii) the Servicer is replaced by a Successor Servicer pursuant to Section 6.04.. SECTION 5.05

Appears in 1 contract

Samples: Transferred Environmental Control Property Servicing Agreement

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