Common use of Cooperation with Successor Clause in Contracts

Cooperation with Successor. The predecessor Servicer covenants and agrees with the Issuer that it will, on an ongoing basis, cooperate with the Issuer and Successor Servicer and provide whatever information is, and take whatever actions are, reasonably necessary to assist the Successor Servicer in performing its obligations hereunder. All reasonable costs and expenses (including reasonable attorney’s fees and expenses) incurred by the predecessor Servicer in connection with this Section 7.05 shall be paid by the Issuer or the Successor Servicer from SRC Collections available under the Indenture, following presentation of reasonable documentation of such costs and expenses.

Appears in 3 contracts

Samples: Storm Recovery Property Servicing Agreement (SWEPCO Storm Recovery Funding LLC), Storm Recovery Property Servicing Agreement (SWEPCO Storm Recovery Funding LLC), Storm Recovery Property Servicing Agreement (SWEPCO Storm Recovery Funding LLC)

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Cooperation with Successor. The predecessor Servicer covenants and agrees with the Issuer that it will, on an ongoing basis, cooperate with the Issuer and Successor Servicer and provide whatever information is, and take whatever actions are, reasonably necessary to assist the Successor Servicer in performing its obligations hereunder. All reasonable costs and expenses (including reasonable attorney’s fees and expenses) incurred by the predecessor Servicer in connection with this Section 7.05 shall be paid by the Issuer or the Successor Servicer from SRC Securitized Utility Tariff Charge Collections available under the Indenture, following presentation of reasonable documentation of such costs and expenses.

Appears in 3 contracts

Samples: Securitized Utility Tariff Property Servicing Agreement (Atmos Energy Kansas Securitization I, LLC), Securitized Utility Tariff Property Servicing Agreement (Atmos Energy Kansas Securitization I, LLC), Securitized Utility Tariff Property Servicing Agreement (Atmos Energy Kansas Securitization I, LLC)

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