ASSIGNMENT TO THE TRUSTEE Sample Clauses
ASSIGNMENT TO THE TRUSTEE. The Servicer hereby acknowledges and consents to any pledge, assignment and grant of a security interest by the Issuer to the Trustee pursuant to the Indenture for the benefit of any Transition Bondholders of all right, title and interest of the Issuer in, to and under the Transition Property owned by the Issuer and the proceeds thereof and the assignment of any or all of the Issuer’s rights hereunder and under the Intercreditor Agreement to the Trustee. Notwithstanding such assignment, in no event shall the Trustee have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer, hereunder or in any of the certificates, notices or agreements delivered pursuant hereto, as to all of which recourse shall be had solely to the assets of the Issuer.
ASSIGNMENT TO THE TRUSTEE. The Servicer hereby acknowledges and consents to the mortgage, pledge, assignment and grant of a security interest by the Issuer to the Trustee pursuant to the Indenture for the benefit of the Transition Bondholders of all right, title and interest of the Issuer in, to and under the Transferred Bondable Transition Property owned by the Issuer and the proceeds thereof and the assignment of any or all of the Issuer's rights hereunder to the Trustee. In no event shall the Trustee have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer, hereunder or in any of the certificates, notices or agreements delivered pursuant hereto, as to all of which recourse shall be had solely to the assets of the Issuer.
ASSIGNMENT TO THE TRUSTEE. The Company hereby acknowledges that pursuant to the Indenture, the Issuer shall assign to the Trustee in order to secure payment of the Bonds, all of the Issuer's right, title and interest in (a) this Agreement (except the Issuer's rights under Sections 4.2(b), 6.2 and 7.4 hereof), and all amounts payable hereunder (except payments pursuant to Sections 4.2(b), 6.2 and 7.4 hereof) and (b) the Deeds of Trust and the Security Agreement. The Company expressly consents to such assignment.
ASSIGNMENT TO THE TRUSTEE. (a) The Servicer hereby acknowledges and consents to any pledge, assignment and grant of a security interest by the Issuer to the Trustee pursuant to the Indenture or to any Trustee pursuant to any Additional Indenture, for the benefit of the applicable Bondholders and the Trustee, of all right, title and interest of the Issuer in, to and under the Storm-Recovery Property owned by the Issuer and the proceeds thereof and the assignment of any or all of the Issuer's rights hereunder to such Trustee or Trustees.
(b) In no event shall any Trustee have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer hereunder or in any of the certificates, notices or agreements delivered pursuant hereto, as to all of which recourse shall be had solely to the assets of the Issuer.
(c) The Trustee, in acting hereunder, is entitled to all rights, benefits, protections, immunities and indemnities accorded to it under the Indenture.
ASSIGNMENT TO THE TRUSTEE. (a) The Servicer hereby acknowledges and consents to any pledge, assignment and grant of a security interest by the Issuer to the Trustee pursuant to the Indenture of all right, title and interest of the Issuer in, to and under the Transferred Bondable Transition Property and other Collateral owned by the Issuer and the proceeds thereof and the assignment of any or all of the Issuer’s rights hereunder to the Trustee.
(b) In no event shall the Trustee have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer hereunder or in any of the certificates, notices or agreements delivered pursuant hereto, as to all of which recourse shall be had solely to the assets of the Issuer.
(c) The Trustee, in acting hereunder, is entitled to all rights, benefits, protections, immunities and indemnities accorded to it under the Indenture.
ASSIGNMENT TO THE TRUSTEE. The Servicer hereby acknowledges and consents to any pledge, assignment and grant of a security interest by the Issuer to the Trustee pursuant to the Indenture for the benefit of any Storm Recovery Bondholders of all right, title and interest of the Issuer in, to and under the Storm Recovery Property owned by the Issuer and the proceeds thereof and the assignment of any or all of the Issuer’s rights hereunder to the Trustee. Notwithstanding such assignment, in no event shall the Trustee have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer, hereunder or in any of the certificates, notices or agreements delivered pursuant hereto, as to all of which recourse shall be had solely to the assets of the Issuer.
ASSIGNMENT TO THE TRUSTEE. 24 SECTION 7.10. NONPETITION COVENANTS.......................................... 25 SECTION 7.11. TERMINATION.................................................... 25 SECTION 7.12. PUCT CONSENT................................................... 25 SECTION 7.13. EFFECT OF SUBSEQUENT PUCT REGULATIONS.......................... 26 SCHEDULE A TO SERVICING AGREEMENT ANNEX 1 TO SERVICING AGREEMENT APPENDIX A - MASTER DEFINITIONS EXHIBIT A - SERVICER PROCEDURES TRANSITION PROPERTY SERVICING AGREEMENT dated as of December 16, 2005 (this "Agreement") between CENTERPOINT ENERGY TRANSITION BOND COMPANY II, LLC, a Delaware limited liability company (the "Issuer"), and CENTERPOINT ENERGY HOUSTON ELECTRIC, LLC, a Texas limited liability company ("CenterPoint Houston"), as the servicer of the Transition Property hereunder (together with each successor to CenterPoint Houston in such capacity pursuant to Section 5.03 or 6.04, the "Servicer").
ASSIGNMENT TO THE TRUSTEE. 23 SECTION 7.10. NONPETITION COVENANTS........................................................ 24 SECTION 7.11. TERMINATION.................................................................. 24 SECTION 7.12.
ASSIGNMENT TO THE TRUSTEE. 25 SECTION 7.10. NONPETITION COVENANTS ................................... 25 SECTION 7.11. TERMINATION ............................................. 25 SECTION 7.12. IMPLEMENTATION OF TEXAS ELECTRIC CHOICE PLAN ............ 25 SECTION 7.13. PUCT CONSENT ............................................ 25 SECTION 7.14. EFFECT OF SUBSEQUENT PUCT REGULATIONS ................... 26 SCHEDULE A TO SERVICING AGREEMENT ANNEX 1 TO SERVICING AGREEMENT APPENDIX A - MASTER DEFINITIONS TRANSITION PROPERTY SERVICING AGREEMENT dated as of October 24, 2001 (this "Agreement") between RELIANT ENERGY TRANSITION BOND COMPANY LLC, a Delaware limited liability company (the "Issuer"), and RELIANT ENERGY, INCORPORATED, a Texas corporation ("Reliant Energy"), as the servicer of the Transition Property hereunder (together with each successor to Reliant Energy in such capacity pursuant to Section 5.03 or 6.04, the "Servicer").