Dominion and Control Over Transferred Environmental Control Property. Notwithstanding any other provision herein, the Servicer and the Issuer agree that the Issuer shall have dominion and control over the Transferred Environmental Control Property. The Servicer hereby agrees that it shall not take any action that is not authorized by this Agreement or applicable Requirements of Law, that is not consistent with its customary procedures and practices, or that shall impair the rights of the Issuer in the Transferred Environmental Control Property, in each case unless such action is required by applicable Requirements of Law.
Appears in 4 contracts
Samples: Servicing Agreement (PE Environmental Funding LLC), Control Property Servicing Agreement (MP Environmental Funding LLC), Re: Servicing Agreement (MP Environmental Funding LLC)
Dominion and Control Over Transferred Environmental Control Property. Notwithstanding any other provision herein, the Servicer and the Issuer agree that the Issuer shall have dominion and control over the Transferred Environmental Control Property. The Servicer hereby agrees that it shall not take any action that is not authorized by this Agreement or applicable Requirements of Law, that is not consistent with its customary procedures and practices, or that shall impair the rights of the Issuer in the Transferred Environmental Control Property, in each case unless such action is required by applicable Requirements of Law.. ARTICLE III BILLING SERVICES SECTION 3.01
Appears in 1 contract
Samples: Servicing Agreement