Dominion and Control Over the RRB Property. Notwithstanding any other provision herein, the Issuer shall have dominion and control over the RRB Property, and the Servicer, in accordance with the terms hereof, is acting solely as the servicing agent and custodian for the Issuer with respect to the RRB Property and the RRB Property Records. The Servicer shall not take any action that is not authorized by this Agreement or that shall impair the rights of the Issuer or the Trustee in the RRB Property, in each case unless such action is required by applicable law.
Appears in 5 contracts
Samples: Servicing Agreement (PSNH Funding LLC), Servicing Agreement (Northeast Utilities System), Servicing Agreement (Northeast Utilities System)
Dominion and Control Over the RRB Property. Notwithstanding any other provision herein, the Issuer shall have dominion and control over the RRB Property, and the Servicer, in accordance with the terms hereof, is acting solely as the servicing agent and custodian for the Issuer with respect to the RRB Property and the RRB Property Records. The Servicer shall not take any action that is not authorized by this Agreement Agreement, that would contravene the Finance Order or that shall impair the rights of the Issuer or the Indenture Trustee in the RRB Property, in each case unless such action is required by applicable lawlaw or court or regulatory order.
Appears in 3 contracts
Samples: Servicing Agreement (PSNH Funding LLC 3), Servicing Agreement (PSNH Funding LLC 3), Servicing Agreement
Dominion and Control Over the RRB Property. Notwithstanding ------------------------------------------ any other provision herein, the Issuer shall have dominion and control over the RRB Property, and the Servicer, in accordance with the terms hereof, is acting solely as the servicing agent and custodian for the Issuer with respect to the RRB Property and the RRB Property Records. The Servicer shall not take any action that is not authorized by this Agreement or that shall impair the rights of the Issuer or the Trustee in the RRB Property, in each case unless such action is required by applicable law.
Appears in 1 contract
Dominion and Control Over the RRB Property. Notwithstanding any other provision herein, the Issuer shall have dominion and control over the RRB Property, and the Servicer, in accordance with the terms hereof, is acting solely as the servicing agent and custodian for the Issuer with respect to the RRB Property and the RRB Property Records. The Servicer shall not take any action that is not authorized by this Agreement Agreement, that would contravene the Finance Order or that shall impair the rights of the Issuer or the Trustee in the RRB Property, in each case unless such action is required by applicable lawlaw or court or regulatory order.
Appears in 1 contract
Samples: Servicing Agreement