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 for the benefit of the Securitization Bondholders of all right, title and interest of the Issuer in, to and under the Transferred Securitization 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.
Appears in 3 contracts
Samples: Servicing Agreement (Consumers Funding LLC), Servicing Agreement (Consumers Energy Co Financing V), Servicing Agreement (Consumers Funding LLC)
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 for the benefit of the Securitization Bondholders of all right, title and interest of the Issuer in, to and under the Transferred Securitization 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 ’s rights hereunder to the Trustee.
Appears in 2 contracts
Samples: Servicing Agreement (JCP&L Transition Funding II LLC), Servicing Agreement (JCP&L Transition Funding II LLC)
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 for the benefit of the Securitization BGS Transition Bondholders of all right, title and interest of the Issuer in, to and under the Transferred Securitization BGS 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.
Appears in 2 contracts
Samples: Transition Property Servicing Agreement (PSE&G Transition Funding II LLC), Transition Property Servicing Agreement (PSE&G Transition Funding II LLC)
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 for the benefit of the Securitization Bondholders of all right, title and interest of the Issuer in, to and under the Transferred Securitization Property owned by the Issuer and the proceeds thereof and the assignment of any or all of the Issuer's ’s rights hereunder to the Trustee.
Appears in 2 contracts
Samples: Securitization Property Servicing Agreement (Consumers Energy Co), Securitization Property Servicing Agreement (Consumers Energy Co)
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 Securitization applicable Bondholders and the Trustee, of all right, title and interest of the Issuer in, to and under the Transferred Securitization 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 Trusteesuch Trustee or Trustees.
Appears in 2 contracts
Samples: Property Servicing Agreement (FPL Recovery Funding LLC), Florida Power & Light Co
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 any Trustee pursuant to any Additional Indenture, for the benefit of the Securitization applicable Bondholders and the Trustee, of all right, title and interest of the Issuer in, to and under the Transferred Securitization 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 Trusteesuch Trustee or Trustees.
Appears in 1 contract
Samples: FPL Recovery Funding LLC
