CUSTODY OF INTANGIBLE TRANSITION PROPERTY RECORDS. To assure uniform quality in servicing the Intangible Transition Property and to reduce administrative costs, the Grantee revocably appoints the Servicer, and the Servicer accepts such appointment, to act as the agent of the Grantee, the Note Issuer and the Indenture Trustee as custodian of any and all documents and records that the Grantee shall keep on file, in accordance with its customary procedures, relating to the Intangible Transition Property, including copies of each Funding Order and all Tariffs relating thereto, and all documents filed with the ICC in connection with any Reconciliation Adjustment or True-Up Adjustment (collectively, the "Intangible Transition Property Records"), which are hereby constructively delivered to the Note Issuer, as transferee of the Grantee (or, in the case of the Subsequent Intangible Transition Property, will as of the applicable Subsequent Sale Date be constructively delivered to the Note Issuer, as transferee of the Grantee) with respect to all Intangible Transition Property.
Appears in 3 contracts
Samples: Servicing Agreement (Comed Funding LLC), Intangible Transition Property Servicing Agreement (Comed Funding LLC), Servicing Agreement (Comed Funding LLC)
CUSTODY OF INTANGIBLE TRANSITION PROPERTY RECORDS. To assure uniform quality in servicing the Intangible Transition Property and to reduce administrative costs, the Grantee revocably appoints the Servicer, and the Servicer accepts such appointment, to act as the agent of the Grantee, the Note Issuer and the Indenture Trustee as custodian of any and all documents and records that the Grantee shall keep on file, in accordance with its customary procedures, relating to the Intangible Transition Property, including copies of each Funding Order and all Tariffs relating thereto, and all documents filed with the ICC in connection with any Reconciliation Adjustment or True-Up Adjustment (collectively, the "Intangible Transition Property Records"), which are hereby constructively delivered to the Note Issuer, as transferee of the Grantee (or, in the case of the Subsequent Intangible Transition Property, will as of the applicable Subsequent Sale Date be constructively delivered to the Note Issuer, as transferee of the Grantee) with respect to all Intangible Transition Property.
Appears in 2 contracts
Samples: Servicing Agreement (Illinois Power Securitization Limited Liability Co), Servicing Agreement (Illinois Power Securitization Limited Liability Co)
