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

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.

Appears in 3 contracts

Samples: Servicing Agreement (Pse&g Transition Funding LLC), Transition Property Servicing Agreement (PSE&G Transition Funding II LLC), Transition Property Servicing Agreement (PSE&G Transition Funding II LLC)

AutoNDA by SimpleDocs

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.

Appears in 1 contract

Samples: Servicing Agreement (Pse&g Transition Funding LLC)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!