Common use of Custody of Transition Property Records Clause in Contracts

Custody of Transition Property Records. To assure --------------------------------------- uniform quality in servicing the Transition Property and to reduce administrative costs, the Note Issuer hereby revocably appoints the Servicer, and the Servicer hereby accepts such appointment, to act as the agent of the Note Issuer and the Note Trustee as custodian of any and all documents and records that the Seller shall keep on file, in accordance with its customary procedures, relating to the Transition Property, including copies of the Financing Order and Advice Letters relating thereto and all documents filed with the CPUC in connection with any True-Up Adjustment (collectively, the "Transition Property Records"), which are hereby constructively delivered to the Note Trustee, as pledgee of the Note Issuer (or, in the case of the Subsequent Transition Property, will as of the applicable Subsequent Sale Date be constructively delivered to the Note Trustee, as pledgee of the Note Issuer) with respect to all Transition Property.

Custody of Transition Property Records. To assure --------------------------------------- -------------------------------------- uniform quality in servicing the Transition Property and to reduce administrative costs, the Note Issuer hereby revocably appoints the Servicer, and the Servicer hereby accepts such appointment, to act as the agent of the Note Issuer and the Note Trustee as custodian of any and all documents and records that the Seller shall keep on file, in accordance with its customary procedures, relating to the Transition Property, including copies of the Financing Order and Advice Letters relating thereto and all documents filed with the CPUC in connection with any True-Up Adjustment (collectively, the "Transition Property Records"), which are hereby constructively delivered to the Note Trustee, as pledgee of the Note Issuer (or, in the case of the Subsequent Transition Property, will as of the applicable Subsequent Sale Date be constructively delivered to the Note Trustee, as pledgee of the Note Issuer) with respect to all Transition Property.

Custody of Transition Property Records. To assure --------------------------------------- uniform ------------ -------------------------------------- quality in servicing the Transition Property and to reduce administrative costs, the Note Issuer hereby revocably appoints the Servicer, and the Servicer hereby accepts such appointment, to act act, as the agent of the Note Issuer and the Note Trustee Trustee, as custodian of any and all documents and records that the Seller shall keep on file, file in accordance with its customary procedures, relating procedures and that relate to the Transition Property, including copies of the Financing Order and Advice Letters relating thereto and all documents filed with the CPUC in connection with any True-Up Adjustment (collectively, the "Transition Property Records"), which are --------------------------- hereby constructively delivered to the Note Trustee, as pledgee of the Note Issuer (or, in the case of the Subsequent Transition Property, will as of the applicable Subsequent Sale Date be constructively delivered to the Note Trustee, as pledgee of the Note Issuer) with respect to all Transition Property.