Assignment of Servicer's Obligations. The Servicer may assign any or all of its obligations hereunder to any successor if either (i) the Rating Agency Condition and any other condition specified in the Financing Order have been satisfied, or (ii) the Servicer is replaced by a successor pursuant to Section 5.03 hereof.
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Samples: Servicing Agreement (Pse&g Transition Funding LLC), BGS Bondable Transition Property Servicing Agreement (PSE&G Transition Funding II LLC), Servicing Agreement (PSE&G Transition Funding II LLC)
Assignment of Servicer's Obligations. The Servicer may not assign any or all of its obligations hereunder to any successor if unless either (i) the Rating Agency Condition and any other condition specified in the Financing Order have been satisfied, or (ii) the Servicer is replaced by a successor pursuant to Section 5.03 6.03 hereof.
Appears in 2 contracts
Samples: Securitization Property Servicing Agreement (Detroit Edison Securitization Funding LLC), Securitization Property Servicing Agreement (Detroit Edison Securitization Funding LLC)
Assignment of Servicer's Obligations. The Servicer may assign any or all of its obligations hereunder to any successor if either (i) prior notice to the Rating Agency Condition Agencies has been provided and any other condition specified in the Financing Order have has been satisfied, or (ii) the Servicer is replaced by a successor pursuant to Section 5.03 hereof.
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