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

Assignment of Servicer's Obligations. In each Qualified Rate Order the PUC authorizes PECO Energy to contract with an alternative party to perform PECO Energy's obligations contemplated in such Qualified Rate Order, and under each such Qualified Rate Order the Servicer may assign its obligations hereunder to any electric distribution company (as such term is defined in the Statute) which succeeds to the major part of PECO Energy's electric distribution business. Prior to any such assignment, the Servicer shall provide written notice thereof to each of the Rating Agencies.

Assignment of Servicer's Obligations. In each Pursuant to paragraph 13 of the Qualified Rate Order in which the PUC authorizes PECO Energy to contract with an alternative party to perform PECO Energy's obligations contemplated in such the Qualified Rate Order, and under each such Qualified Rate Order the Servicer may assign its obligations hereunder to any electric distribution company (as such term is defined in the Statute) which succeeds to the major part of PECO Energy's electric distribution business. Prior to any such assignment, the Servicer shall provide written notice thereof to each of the Rating Agencies.

Assignment of Servicer's Obligations. In each Pursuant to paragraph 13 of the Qualified Rate Order in which the PUC authorizes PECO Energy to contract with an alternative party to perform PECO Energy's obligations contemplated in such the Qualified Rate Order, and under each such Qualified Rate Order the Servicer may assign its obligations hereunder to any electric distribution company (as such term is defined in the Statute) which succeeds to the major part of PECO Energy's electric distribution business. Prior to any such assignment, the Servicer shall provide written notice thereof to each of the Rating Agencies.

Assignment of Servicer's Obligations. In Pursuant to paragraph 13 of each Qualified Rate Order in which the PUC authorizes PECO Energy to contract with an alternative party to perform PECO Energy's obligations contemplated in such Qualified Rate Order, and under each such Qualified Rate Order the Servicer may assign its obligations hereunder to any electric distribution company (as such term is defined in the Statute) which succeeds to the major part of PECO Energy's electric distribution business. Prior to any such assignment, the Servicer shall provide written notice thereof to each of the Rating Agencies.