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

Assignment of Servicer's Obligations. 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 the 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. Pursuant to paragraph 13 of the In 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 the 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. 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 the 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. Pursuant to paragraph 13 of the 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 the 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.