Common use of Duties of Servicer Generally Clause in Contracts

Duties of Servicer Generally. The Servicer’s duties in general shall include management, servicing and administration of the Recovery Property; obtaining meter reads, calculating electric usage, billing, collections and posting of all payments in respect of the Recovery Property; responding to inquiries by Consumers, the CPUC, or any federal, local or other state governmental authorities with respect to the Recovery Property; delivering Bills to Consumers and ESPs, processing and depositing collections and making periodic remittances pursuant to the Financing Order and each Tariff; furnishing periodic reports to the Issuer, the Indenture Trustee and the Rating Agencies; and taking action in connection with True-Up Adjustments as set forth herein. Certain of the duties set forth above may be performed by ESPs pursuant to ESP Service Agreements if such ESPs satisfy the creditworthiness requirements as set forth in PG&E’s Electric Rule 22.P., “Credit Requirements.” Anything to the contrary notwithstanding, the duties of the Servicer set forth in this Servicing Agreement shall be qualified in their entirety by any CPUC Regulations, the Financing Order and the U.S. federal securities laws and the rules and regulations promulgated thereunder, including Regulation AB, as in effect at the time such duties are to be performed. Without limiting the generality of this Section 3.01(a), in furtherance of the foregoing, the Servicer hereby agrees that it shall also have, and shall comply with, the duties and responsibilities relating to data acquisition, usage and xxxx calculation, billing, customer service functions, collections, payment processing and remittance set forth in Annex I hereto, as it may be amended from time to time. For the avoidance of doubt, the term “usage” when used herein includes references to both kilowatt hour consumption and kilowatt demand.

Appears in 7 contracts

Samples: Recovery Property Servicing Agreement (PG&E Corp), Recovery Property Servicing Agreement (PG&E Wildfire Recovery Funding LLC), Recovery Property Servicing Agreement (PG&E Corp)

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Duties of Servicer Generally. The Servicer’s duties in general shall include include: management, servicing and administration of the Recovery Securitization Property; obtaining meter reads, calculating electric usage, usage and billing, collections collecting and posting of all payments in respect of the Recovery PropertySecuritization Property or Securitization Charges; responding to inquiries by ConsumersCustomers, the CPUC, Commission or any federal, local or other state governmental authorities Governmental Authority with respect to the Recovery PropertySecuritization Property or Securitization Charges; delivering Bills to Consumers Customers; investigating and ESPshandling delinquencies (and furnishing reports with respect to such delinquencies to the Issuer), processing and depositing collections and making periodic remittances pursuant to the Financing Order and each Tariffremittances; furnishing periodic reports to the Issuer, the Indenture Trustee and the Rating Agencies; making all filings with the Commission and taking such other action as may be necessary to perfect the Issuer’s ownership interests in and the Indenture Trustee’s first priority Lien on the Securitization Property; making all filings and taking such other action as may be necessary to perfect and maintain the perfection and priority of the Indenture Trustee’s Lien on all Securitization Bond Collateral; selling as the agent for the Issuer as its interests may appear defaulted or written off accounts in accordance with the Servicer’s usual and customary practices; taking all necessary action in connection with True-Up Adjustments as set forth herein. Certain of ; and performing such other duties as may be specified under the duties set forth above may Financing Order to be performed by ESPs pursuant to ESP Service Agreements if such ESPs satisfy the creditworthiness requirements as set forth in PG&E’s Electric Rule 22.P., “Credit Requirements.” it. Anything to the contrary notwithstanding, the duties of the Servicer set forth in this Servicing Agreement shall be qualified in their entirety by any CPUC Commission Regulations, the Financing Order and the U.S. federal securities laws and the rules and regulations promulgated thereunder, including Regulation AB, as in effect at the time such duties are to be performed. Without limiting the generality of this Section 3.01(a), in furtherance of the foregoing, the Servicer hereby agrees that it shall also have, and shall comply with, the duties and responsibilities relating to data acquisition, usage and xxxx calculation, billing, customer service functions, collections, posting, payment processing and remittance set forth in Annex I heretoExhibit A. Any processing and depositing of collections, as it may making of periodic remittances and furnishing of periodic reports set forth in this Section 3.01(a) shall be amended from time subject to time. For the avoidance provisions of doubt, the term “usage” when used herein includes references to both kilowatt hour consumption and kilowatt demandIntercreditor Agreement.

Appears in 6 contracts

Samples: Securitization Property Servicing Agreement (Consumers Energy Co), Intercreditor Agreement (Consumers Energy Co), Securitization Property Servicing Agreement (Consumers Energy Co)

Duties of Servicer Generally. The Servicer’s duties in general shall include management, servicing and administration of the Recovery Property; obtaining meter reads, calculating electric usage, billing, collections and posting of all payments in respect of the Recovery Property; responding to inquiries by Consumers, the CPUC, or any federal, local or other state governmental authorities with respect to the Recovery Property; delivering Bills to Consumers and ESPs, processing and depositing collections and making periodic remittances pursuant to the Financing Order and each Tariff; furnishing periodic reports to the Issuer, the Indenture Trustee and the Rating Agencies; and taking action in connection with True-Up Adjustments as set forth herein. Certain of the duties set forth above may be performed by ESPs pursuant to ESP Service Agreements if such ESPs satisfy the creditworthiness requirements as set forth in PG&ESCE’s Electric Rule 22.P., “Credit Requirements.” Anything to the contrary notwithstanding, the duties of the Servicer set forth in this Servicing Agreement shall be qualified in their entirety by any CPUC Regulations, the Financing Order and the U.S. federal securities laws and the rules and regulations promulgated thereunder, including Regulation AB, as in effect at the time such duties are to be performed. Without limiting the generality of this Section 3.01(a), in furtherance of the foregoing, the Servicer hereby agrees that it shall also have, and shall comply with, the duties and responsibilities relating to data acquisition, usage and xxxx calculation, billing, customer service functions, collections, payment processing and remittance set forth in Annex I hereto, as it may be amended from time to time. For the avoidance of doubt, the term “usage” when used herein includes references to both kilowatt hour consumption and kilowatt demand.

Appears in 6 contracts

Samples: Recovery Property Servicing Agreement (SCE Recovery Funding LLC), Recovery Property Servicing Agreement (SCE Recovery Funding LLC), Recovery Property Servicing Agreement (SCE Recovery Funding LLC)

Duties of Servicer Generally. (i) The Servicer’s duties in general shall include include: management, servicing and administration of the Storm Recovery Property; obtaining meter readscalculating consumption, calculating electric usagebilling the Storm Recovery Charges, billing, collections collecting the Storm Recovery Charges from Customers and posting of all payments in respect of the Recovery Propertycollections; responding to inquiries by ConsumersCustomers, the CPUC, Commission or any federal, local or other state governmental authorities Governmental Authority with respect to the Storm Recovery PropertyProperty or Storm Recovery Charges; delivering Bills investigating and handling delinquencies (and furnishing reports with respect to Consumers and ESPs, such delinquencies to the Issuer); processing and depositing collections and making periodic remittances pursuant to the Financing Order and each Tariffremittances; furnishing periodic and current reports to the Issuer, the Commission, the Indenture Trustee and the Rating Agencies; making all filings with the Commission and taking such other action as may be necessary to perfect the Issuer’s ownership interests in and the Indenture Trustee’s first priority Lien on the Storm Recovery Property; making all filings and taking such other action as may be necessary to perfect and maintain the perfection and priority of the Indenture Trustee’s Lien on all Storm Recovery Collateral; selling as the agent for the Issuer, as its interests may appear, defaulted or written off accounts in accordance with the Servicer’s usual and customary practices; taking all necessary action in connection with True-Up Adjustments as set forth herein. Certain of ; and performing such other duties as may be specified under the duties set forth above may Financing Order to be performed by ESPs pursuant to ESP Service Agreements if such ESPs satisfy the creditworthiness requirements as set forth in PG&E’s Electric Rule 22.P., “Credit Requirements.” it. Anything to the contrary notwithstanding, the duties of the Servicer set forth in this Servicing Agreement shall be qualified in their entirety by any CPUC Commission Regulations, the Financing Order and the U.S. federal securities laws and the rules and regulations promulgated thereunder, including without limitation, Regulation AB, as in effect at the time such duties are to be performed. Without limiting the generality of this Section 3.01(a3.01(a)(i), in furtherance of the foregoing, the Servicer hereby agrees that it shall also have, and shall comply with, the duties and responsibilities relating to data acquisition, usage consumption and xxxx bill calculation, billing, customer service functions, collections, posting, payment processing and remittance set forth in Annex I heretoExhibit A. Any processing and depositing of collections, as it may making of periodic remittances and furnishing of periodic reports set forth in this Section 3.01(a)(i) shall be amended from time subject to time. For the avoidance provisions of doubt, the term “usage” when used herein includes references to both kilowatt hour consumption and kilowatt demandIntercreditor Agreement.

Appears in 4 contracts

Samples: Storm Recovery Property Servicing Agreement (Duke Energy Progress SC Storm Funding LLC), Storm Recovery Property Servicing Agreement (Duke Energy Progress SC Storm Funding LLC), Storm Recovery Property Servicing Agreement (Duke Energy Progress SC Storm Funding LLC)

Duties of Servicer Generally. The Servicer will manage, service, administer and make collections in respect of the Environmental Control Property. The Servicer’s duties in general shall will include management(i) calculating and billing the Environmental Control Charges, servicing collecting Environmental Control Charge Payments, and administration of remitting all Environmental Control Charge Collections to the Recovery PropertyIndenture Trustee; obtaining meter reads, calculating electric usage, billing, collections and posting of all payments in respect of the Recovery Property; (ii) responding to inquiries by ConsumersCustomers, Third Parties, the CPUCPSCWV, or any federal, local or other state governmental authorities Governmental Authority with respect to the Recovery Environmental Control Property, including the Environmental Control Charges; delivering Bills to Consumers and ESPs(iii) accounting for Environmental Control Charge Collections, investigating delinquencies, processing and depositing collections and making periodic remittances pursuant to the Financing Order and each Tariff; remittances, furnishing periodic reports to the Issuer, the Indenture Trustee Trustee, the PSCWV and the Rating Agencies; (iv) selling defaulted or written off accounts in accordance with the Servicer’s usual and customary practices; and (v) taking action in connection with True-Up Adjustments as according to the procedures set forth hereinherein and in Exhibit A hereto. Certain of the duties set forth above may be performed by ESPs pursuant to ESP Service Agreements if such ESPs satisfy the creditworthiness requirements as set forth in PG&E’s Electric Rule 22.P., “Credit Requirements.” Anything to the contrary notwithstanding, the duties of the Servicer set forth in this Servicing Agreement shall be qualified in their entirety by any CPUC Regulations, the Financing Order and the U.S. federal securities laws and the rules and regulations promulgated thereunder, including Regulation AB, applicable Requirements of Law as may be in effect at the time such duties are to be performed. Without limiting the generality of this Section 3.01(a), in furtherance of the foregoing, the Servicer hereby agrees that it shall also have, and shall comply with, the duties and responsibilities relating to data acquisition, usage usage, demand and xxxx calculation, billing, customer service functions, collections, payment processing and remittance set forth in Annex I Exhibit A hereto, as it may be amended from time to time. For the avoidance of doubt, the term “usage” when used herein includes references to both kilowatt hour consumption and kilowatt demand.

Appears in 4 contracts

Samples: Environmental Control Property Servicing Agreement (MP Environmental Funding LLC), Environmental Control Property Servicing Agreement (MP Environmental Funding LLC), Environmental Control Property Servicing Agreement (MP Environmental Funding LLC)

Duties of Servicer Generally. The Servicer’s duties in general shall include include: management, servicing and administration of the Recovery Securitization Property; obtaining meter reads, calculating electric usage, usage and billing, collections collecting and posting of all payments in respect of the Recovery PropertySecuritization Property or Securitization Charges; responding to inquiries by ConsumersCustomers, the CPUC, Commission or any federal, local or other state governmental authorities Governmental Authority with respect to the Recovery PropertySecuritization Property or Securitization Charges; delivering Bills to Consumers Customers; investigating and ESPshandling delinquencies (and furnishing reports with respect to such delinquencies to the Issuer), processing and depositing collections and making periodic remittances pursuant to the Financing Order and each Tariffremittances; furnishing periodic reports to the Issuer, the Indenture Trustee and the Rating Agencies; making all filings with the Commission and taking such other action as may be necessary to perfect the Issuer’s ownership interests in and the Indenture Trustee’s first priority Lien on the Securitization Property; making all filings and taking such other action as may be necessary to perfect and maintain the perfection and priority of the Indenture Trustee’s Lien on all Securitization Bond Collateral; selling as the agent for the Issuer as its interests may appear defaulted or written off accounts in accordance with the Servicer’s usual and customary practices; taking all necessary action in connection with True-Up Adjustments as set forth herein. Certain of ; and performing such other duties as may be specified under the duties set forth above may Financing Order to be performed by ESPs pursuant to ESP Service Agreements if such ESPs satisfy the creditworthiness requirements as set forth in PG&E’s Electric Rule 22.P., “Credit Requirements.” it. Anything to the contrary notwithstanding, the duties of the Servicer set forth in this Servicing Agreement shall be qualified in their entirety by the Statute, any CPUC Commission Regulations, the Financing Order and the U.S. federal securities laws and the rules and regulations promulgated thereunder, including Regulation AB, as in effect at the time such duties are to be performed. Without limiting the generality of this Section 3.01(a), in furtherance of the foregoing, the Servicer hereby agrees that it shall also have, and shall comply with, the duties and responsibilities relating to data acquisition, usage and xxxx bill calculation, billing, customer service functions, collections, posting, payment processing and remittance set forth in Annex I heretoExhibit A. Any processing and depositing of collections, as it may making of periodic remittances and furnishing of periodic reports set forth in this Section 3.01(a) shall be amended from time subject to time. For the avoidance provisions of doubt, the term “usage” when used herein includes references to both kilowatt hour consumption and kilowatt demandIntercreditor Agreement.

Appears in 4 contracts

Samples: Intercreditor Agreement (Consumers 2023 Securitization Funding LLC), Securitization Property Servicing Agreement (Consumers 2023 Securitization Funding LLC), Securitization Property Servicing Agreement (Consumers 2023 Securitization Funding LLC)

Duties of Servicer Generally. The Servicer’s duties in general shall include management, servicing and administration of the Recovery Securitized Utility Tariff Property; obtaining meter reads, calculating electric usage, billing, collections and posting of all payments in respect of the Recovery Securitized Utility Tariff Property; responding to inquiries by ConsumersCustomers, the CPUCMPSC, or any federal, local or other state governmental authorities with respect to the Recovery PropertySecuritized Utility Tariff Property or Securitized Utility Tariff Charges; delivering Bills investigating and handling delinquencies (and furnishing reports with respect to Consumers and ESPssuch delinquencies to the Issuer), processing and depositing collections and making periodic remittances pursuant to the Financing Order and each Tariff; furnishing periodic reports and current reports to the Issuer, the Indenture Trustee and the Rating Agencies; collecting applicable sales, franchise and other similar taxes on the Securitized Utility Tariff Charges and remitting such taxes to the appropriate taxing authority on a timely basis; and taking action in connection with True-Up Adjustments as set forth herein. Certain of the duties set forth above may be performed by ESPs pursuant to ESP Service Agreements if such ESPs satisfy the creditworthiness requirements as set forth in PG&E’s Electric Rule 22.P., “Credit Requirements.” Anything to the contrary notwithstanding, the duties of the Servicer set forth in this Servicing Agreement shall be qualified and limited in their entirety by any CPUC MPSC Regulations, the Securitization Law, the Financing Order and the U.S. federal securities laws and the rules and regulations promulgated thereunder, including Regulation AB, as in effect at the time such duties are to be performed. Without limiting the generality of this Section 3.01(a), in furtherance of the foregoing, the Servicer hereby agrees that it shall also have, and shall comply with, the duties and responsibilities relating to data acquisition, usage and xxxx bill calculation, billing, customer service functions, collections, payment processing and remittance set forth in Annex I hereto, as it may be amended from time to time. For the avoidance of doubt, the term “usage” when used herein includes references to both kilowatt hour consumption and kilowatt demand.

Appears in 4 contracts

Samples: Intercreditor Agreement (Evergy Missouri West Storm Funding I, LLC), Securitized Utility Tariff Property Servicing Agreement (Evergy Missouri West Storm Funding I, LLC), Securitized Utility Tariff Property Servicing Agreement (Evergy Missouri West Storm Funding I, LLC)

Duties of Servicer Generally. (i) The Servicer’s duties in general shall include include: management, servicing and administration of the Storm Recovery Property; obtaining meter readscalculating consumption, calculating electric usagebilling the Storm Recovery Charges, billing, collections collecting the Storm Recovery Charges from Customers and posting of all payments in respect of the Recovery Property; collections, responding to inquiries by ConsumersCustomers, the CPUC, Commission or any federal, local or other state governmental authorities Governmental Authority with respect to the Storm Recovery PropertyProperty or Storm Recovery Charges; delivering Bills investigating and handling delinquencies (and furnishing reports with respect to Consumers and ESPssuch delinquencies to the Issuer), processing and depositing collections and making periodic remittances pursuant to the Financing Order and each Tariffremittances; furnishing periodic and current reports to the Issuer, the Commission, the Indenture Trustee and the Rating Agencies; making all filings with the Commission and taking such other action as may be necessary to perfect the Issuer’s ownership interests in and the Indenture Trustee’s first priority Lien on the Storm Recovery Property; making all filings and taking such other action as may be necessary to perfect and maintain the perfection and priority of the Indenture Trustee’s Lien on all Storm Recovery Collateral; selling as the agent for the Issuer, as its interests may appear, defaulted or written off accounts in accordance with the Servicer’s usual and customary practices; taking all necessary action in connection with True-Up Adjustments as set forth herein. Certain of ; and performing such other duties as may be specified under the duties set forth above may Financing Order to be performed by ESPs pursuant to ESP Service Agreements if such ESPs satisfy the creditworthiness requirements as set forth in PG&E’s Electric Rule 22.P., “Credit Requirements.” it. Anything to the contrary notwithstanding, the duties of the Servicer set forth in this Servicing Agreement shall be qualified in their entirety by any CPUC Commission Regulations, the Financing Order and the U.S. federal securities laws and the rules and regulations promulgated thereunder, including without limitation, Regulation ABAB1, as in effect at the time such duties are to be performed. Without limiting the generality of this Section 3.01(a3.01(a)(i), in furtherance of the foregoing, the Servicer hereby agrees that it shall also have, and shall comply with, the duties and responsibilities relating to data acquisition, usage consumption and xxxx bxxx calculation, billing, customer service functions, collections, posting, payment processing and remittance set forth in Annex I heretoExhibit A. Any processing and depositing of collections, as it may making of periodic remittances and furnishing of periodic reports set forth in this Section 3.01(a)(i) shall be amended from time subject to time. For the avoidance provisions of doubt, the term “usage” when used herein includes references to both kilowatt hour consumption and kilowatt demandIntercreditor Agreement.

Appears in 4 contracts

Samples: Storm Recovery Property Servicing Agreement (Duke Energy Carolinas NC Storm Funding LLC), Storm Recovery Property Servicing Agreement (Duke Energy Progress NC Storm Funding LLC), Storm Recovery Property Servicing Agreement (Duke Energy Progress NC Storm Funding LLC)

Duties of Servicer Generally. (i) The Servicer’s duties in general shall include include: management, servicing and administration of the Recovery Series Property; obtaining meter readscalculating number of customers, calculating electric usageusage and demand, billingbilling the Series Charges, collections collecting the Series Charges from Customers and posting of all payments in respect of the Recovery Property; collections, responding to inquiries by ConsumersCustomers, the CPUC, Commission or any federal, local or other state governmental authorities Governmental Authority with respect to the Recovery PropertySeries Property or Series Charges; delivering Bills investigating and handling delinquencies (and furnishing reports with respect to Consumers and ESPssuch delinquencies to the Issuer), processing and depositing collections and making periodic remittances pursuant to the Financing Order and each Tariffremittances; furnishing periodic and current reports to the Issuer, the Indenture Trustee and the Rating Agencies; making all filings with the Commission and taking such other action as may be necessary to perfect the Issuer’s ownership interests in and the Indenture Trustee’s first priority Lien on the Series Property; making all filings and taking such other action as may be necessary to perfect and maintain the perfection and priority of the Indenture Trustee’s Lien on all the Collateral; selling as the agent for the Issuer, as its interests may appear, defaulted or written off accounts in accordance with the Servicer’s usual and customary practices; taking all necessary action in connection with True-Up Adjustments as set forth herein. Certain of ; and performing such other duties as may be specified under the duties set forth above may Financing Order to be performed by ESPs pursuant to ESP Service Agreements if such ESPs satisfy the creditworthiness requirements as set forth in PG&E’s Electric Rule 22.P., “Credit Requirements.” it. Anything to the contrary notwithstanding, the duties of the Servicer set forth in this Servicing Agreement shall be qualified in their entirety by any CPUC Commission Regulations, the Financing Order and the U.S. federal securities laws and the rules and regulations promulgated thereunder, including Regulation AB, as in effect at the time such duties are to be performed. Without limiting the generality of this Section 3.01(a3.01(a)(i), in furtherance of the foregoing, the Servicer hereby agrees that it shall also have, and shall comply with, the duties and responsibilities relating to data acquisition, usage usage, demand, customer count and xxxx bill calculation, billing, customer service functions, collections, posting, payment processing and remittance set forth in Annex I hereto, as it may be amended from time to time. For the avoidance of doubt, the term “usage” when used herein includes references to both kilowatt hour consumption and kilowatt demand.Exhibit A.

Appears in 4 contracts

Samples: Energy Transition Property Servicing Agreement (PNM Energy Transition Bond Co I, LLC), Energy Transition Property Servicing Agreement (PNM Energy Transition Bond Co I, LLC), Energy Transition Property Servicing Agreement (PNM Energy Transition Bond Co I, LLC)

Duties of Servicer Generally. The Servicer’s duties in general shall include management, servicing and administration of the Recovery Property; obtaining meter reads, calculating electric usage, billing, collections and posting of all payments in respect of the Recovery Property; responding to inquiries by Consumers, the CPUC, or any federal, local or other state governmental authorities with respect to the Recovery Property; delivering Bills to Consumers and ESPs, processing and depositing collections and making periodic remittances pursuant to the Wildfire Financing Law, the Financing Order and each Tariff; furnishing periodic reports to the Issuer, the Indenture Trustee and the Rating Agencies; and taking action in connection with True-Up Adjustments as set forth herein. Certain of the duties set forth above may be performed by ESPs pursuant to ESP Service Agreements if such ESPs satisfy the creditworthiness requirements as set forth in PG&E’s Electric Rule 22.P., “Credit Requirements.” Anything to the contrary notwithstanding, the duties of the Servicer set forth in this Servicing Agreement shall be qualified in their entirety by any CPUC Regulations, the Financing Order and the U.S. federal securities laws and the rules and regulations promulgated thereunder, including Regulation AB, as in effect at the time such duties are to be performed. Without limiting the generality of this Section 3.01(a), in furtherance of the foregoing, the Servicer hereby agrees that it shall also have, and shall comply with, the duties and responsibilities relating to data acquisition, usage and xxxx bill calculation, billing, customer service functions, collections, payment processing and remittance set forth in Annex I hereto, as it may be amended from time to time. For the avoidance of doubt, the term “usage” when used herein includes references to both kilowatt hour consumption and kilowatt demand.

Appears in 3 contracts

Samples: Recovery Property Servicing Agreement (PACIFIC GAS & ELECTRIC Co), Recovery Property Servicing Agreement (PG&E Recovery Funding LLC), Recovery Property Servicing Agreement (PG&E Recovery Funding LLC)

Duties of Servicer Generally. The Servicer’s duties in general shall include management, servicing and administration of the Phase-In-Recovery Property; obtaining meter reads, calculating electric usage, billing, collections and posting of all payments in respect of the Phase-In-Recovery PropertyProperty or Phase-In-Recovery Charges; responding to inquiries by ConsumersCustomers, the CPUCCommission, or any federal, local or other state governmental authorities Governmental Authority with respect to the Phase-In-Recovery PropertyProperty or Phase-In-Recovery Charges; delivering Bills to Consumers Customers; investigating and ESPshandling delinquencies (and furnishing reports with respect to such delinquencies to the Issuer), processing and depositing collections and making periodic remittances pursuant to the Financing Order and each Tariffremittances; furnishing periodic reports to the Issuer, the Indenture Trustee and the Rating Agencies; making all filings with the Commission and taking such other action as may be necessary to perfect the Issuer’s ownership interests in and the Indenture Trustee’s first priority Lien on and security interest in the Phase-In-Recovery Property; making all filings and taking such other action as may be necessary to perfect and maintain the perfection and priority of the Indenture Trustee’s Lien on and security interest in all Phase-In-Recovery Bond Collateral; selling as the agent for the Issuer as its interests may appear defaulted or written off accounts in accordance with the Servicer’s usual and customary practices; taking all necessary action in connection with True-Up Adjustments as set forth herein. Certain of ; and performing such other duties as may be specified under the duties set forth above may Financing Order to be performed by ESPs pursuant to ESP Service Agreements if such ESPs satisfy the creditworthiness requirements as set forth in PG&E’s Electric Rule 22.P., “Credit Requirements.” it. Anything to the contrary notwithstanding, the duties of the Servicer set forth in this Servicing Agreement shall be qualified in their entirety by any CPUC Commission Regulations, the Financing Order Order, and the U.S. federal securities laws and the rules and regulations promulgated thereunder, including without limitation, Regulation AB, as in effect at the time such duties are to be performed. Without limiting the generality of this Section 3.01(a), in furtherance of the foregoing, the Servicer hereby agrees that it shall also have, and shall comply with, the duties and responsibilities relating to data acquisition, usage and xxxx bxxx calculation, billing, customer service functions, collections, payment processing and remittance set forth in Annex I hereto, as it may be amended from time to time. For the avoidance of doubt, the term “usage” when used herein includes references refers to both kilowatt kilowatt-hour consumption and kilowatt demand.

Appears in 3 contracts

Samples: Phase in Recovery Property Servicing Agreement (Ohio Phase-in-Recovery Funding LLC), Phase in Recovery Property Servicing Agreement (Ohio Phase-in-Recovery Funding LLC), Phase in Recovery Property Servicing Agreement (Ohio Phase-in-Recovery Funding LLC)

Duties of Servicer Generally. (i) The Servicer’s duties in general shall include include: management, servicing and administration of the Recovery Securitization Property; obtaining meter reads, calculating electric usage, usage and billing, collections collecting and posting of all payments in respect of the Recovery PropertySecuritization Property or Securitization Charges; responding to inquiries by ConsumersCustomers, the CPUC, Commission or any federal, local or other state governmental authorities Governmental Authority with respect to the Recovery PropertySecuritization Property or Securitization Charges; delivering Bills to Consumers the Customers; investigating and ESPshandling delinquencies (and furnishing reports with respect to such delinquencies to the Issuer), processing and depositing collections and making periodic remittances pursuant to the Financing Order and each Tariffremittances; furnishing periodic reports to the Issuer, the Indenture Trustee and the Rating Agencies; making all filings with the Commission and taking such other action as may be necessary to perfect the Issuer’s ownership interests in and the Indenture Trustee’s first priority Lien on the Securitization Property; making all filings and taking such other action as may be necessary to perfect and maintain the perfection and priority of the Indenture Trustee’s Lien on all Securitization Bond Collateral; selling as the agent for the Issuer, as its interests may appear, defaulted or written off accounts in accordance with the Servicer’s usual and customary practices; taking all necessary action in connection with True-Up Adjustments as set forth herein. Certain of ; and performing such other duties as may be specified under the duties set forth above may Financing Order to be performed by ESPs pursuant to ESP Service Agreements if such ESPs satisfy the creditworthiness requirements as set forth in PG&E’s Electric Rule 22.P., “Credit Requirements.” it. Anything to the contrary notwithstanding, the duties of the Servicer set forth in this Servicing Agreement shall be qualified in their entirety by the Statute, any CPUC Commission Regulations, the Financing Order and the U.S. federal securities laws and the rules and regulations promulgated thereunder, including including, without limitation, Regulation AB, as in effect at the time such duties are to be performed. Without limiting the generality of this Section 3.01(a3.01(a)(i), in furtherance of the foregoing, the Servicer hereby agrees that it shall also have, and shall comply with, the duties and responsibilities relating to data acquisition, usage and xxxx usage, bill calculation, billing, customer service functions, collections, posting, payment processing and remittance set forth in Annex I attached hereto. Any processing and depositing of collections, as it may making of periodic remittances and furnishing of periodic reports set forth in this Section 3.01(a) shall be amended from time subject to time. For the avoidance provisions of doubt, the term “usage” when used herein includes references to both kilowatt hour consumption and kilowatt demandIntercreditor Agreement.

Appears in 3 contracts

Samples: Securitization Property Servicing Agreement (DTE Electric Securitization Funding II LLC), Securitization Property Servicing Agreement (DTE Electric Securitization Funding II LLC), Securitization Property Servicing Agreement (DTE Electric Securitization Funding II LLC)

Duties of Servicer Generally. The Servicer’s duties in general shall include management, servicing and administration of the Recovery Securitized Utility Tariff Property; obtaining meter reads, calculating electric usage, billing, collections and posting of all payments in respect of the Recovery Securitized Utility Tariff Property; responding to inquiries by ConsumersCustomers, the CPUCMoPSC, or any federal, local or other state governmental authorities with respect to the Recovery Securitized Utility Tariff Property; delivering Bills investigating and handling delinquencies (and furnishing reports with respect to Consumers and ESPssuch delinquencies to the Issuer), processing and depositing collections and making periodic remittances pursuant to the Financing Order and each TariffSecuritized Utility Tariff Charge Rider SUR; furnishing periodic reports and current reports to the Issuer, the Indenture Trustee and the Rating Agencies; collecting applicable sales, franchise and other similar taxes on the Securitized Utility Tariff Charges and remitting such taxes to the appropriate taxing authority on a timely basis; and taking action in connection with True-Up Adjustments as set forth herein. Certain of the duties set forth above may be performed by ESPs pursuant to ESP Service Agreements if such ESPs satisfy the creditworthiness requirements as set forth in PG&E’s Electric Rule 22.P., “Credit Requirements.” Anything to the contrary notwithstanding, the duties of the Servicer set forth in this Servicing Agreement shall be qualified and limited in their entirety by any CPUC MoPSC Regulations, the Securitization Law, the Financing Order and the U.S. federal securities laws and the rules and regulations promulgated thereunder, including Regulation AB, as in effect at the time such duties are to be performed. Without limiting the generality of this Section 3.01(a), in furtherance of the foregoing, the Servicer hereby agrees that it shall also have, and shall comply with, the duties and responsibilities relating to data acquisition, usage and xxxx bill calculation, billing, customer service functions, collections, payment processing and remittance set forth in Annex I hereto, as it may be amended from time to time. For the avoidance of doubt, the term “usage” when used herein includes references to both kilowatt hour consumption and kilowatt demand.

Appears in 3 contracts

Samples: Securitized Utility Tariff Property Servicing Agreement (Ameren Missouri Securitization Funding I, LLC), Securitized Utility Tariff Property Servicing Agreement (Ameren Missouri Securitization Funding I, LLC), Securitized Utility Tariff Property Servicing Agreement (Ameren Missouri Securitization Funding I, LLC)

Duties of Servicer Generally. The Servicer’s duties in general shall include management, servicing and administration of the Recovery Transition Property; obtaining meter reads, calculating electric usageusage (including demand and including any such usage by Customers served by a REP), billing, collections and posting of all payments in respect of the Recovery Transition Property; responding to inquiries by ConsumersCustomers, REPs, the CPUCPUCT, or any federal, local or other state governmental authorities Governmental Authority with respect to the Recovery Transition Property; delivering Bills to Consumers Customers or REPs; investigating and ESPshandling delinquencies (and furnishing reports with respect to such delinquencies to the Issuer), processing and depositing collections and making periodic remittances pursuant to the Financing Order and each Tariffremittances; furnishing periodic reports to the Issuer, the Indenture Trustee and the Rating Agencies; making all filings with the PUCT and taking such other action as may be necessary to perfect the Issuer’s ownership interests in and the Indenture Trustee’s first priority Lien on and security interest in the Transition Property; making all filings and taking such other action as may be necessary to perfect and maintain the perfection and priority of the Indenture Trustee’s Lien on and security interest in all System Restoration Bond Collateral; selling as the agent for the Issuer as its interests may appear defaulted or written off accounts in accordance with the Servicer’s usual and customary practices; taking all necessary action in connection with True-Up Adjustments as set forth herein. Certain of ; and performing such other duties as may be specified under the duties set forth above may Financing Order to be performed by ESPs pursuant to ESP Service Agreements if such ESPs satisfy the creditworthiness requirements as set forth in PG&E’s Electric Rule 22.P., “Credit Requirements.” it. Anything to the contrary notwithstanding, the duties of the Servicer set forth in this Servicing Agreement shall be qualified in their entirety by any CPUC PUCT Regulations, the Financing Order Order, and the U.S. federal securities laws and the rules and regulations promulgated thereunder, including without limitation, Regulation AB, as in effect at the time such duties are to be performed. Without limiting the generality of this Section 3.01(a), in furtherance of the foregoing, the Servicer hereby agrees that it shall also have, and shall comply with, the duties and responsibilities relating to data acquisition, usage and xxxx calculation, billing, customer service functions, collections, payment processing and remittance set forth in Annex I hereto, as it may be amended from time to time. For the avoidance of doubt, the term “usage” when used herein includes references refers to both kilowatt hour consumption and kilowatt demand.

Appears in 3 contracts

Samples: Transition Property Servicing Agreement (AEP Texas Restoration Funding LLC), Transition Property Servicing Agreement (AEP Texas Restoration Funding LLC), Transition Property Servicing Agreement (AEP Texas Restoration Funding LLC)

Duties of Servicer Generally. The Servicer’s duties in general shall include management, servicing and administration of the Recovery Transition Property; obtaining meter reads, calculating electric usageusage (including demand and including any such usage by Customers served by a REP, when and if the Service Area becomes subject to retail competition), billing, collections and posting of all payments in respect of the Recovery Transition Property; responding to inquiries by ConsumersCustomers, REPs, the CPUCPUCT, or any federal, local or other state governmental authorities Governmental Authority with respect to the Recovery Transition Property; delivering Bills to Consumers Customers or REPs, if any; investigating and ESPshandling delinquencies (and furnishing reports with respect to such delinquencies to the Issuer), processing and depositing collections and making periodic remittances pursuant to the Financing Order and each Tariffremittances; furnishing periodic reports to the Issuer, the Indenture Trustee and the Rating Agencies; making all filings with the PUCT and taking such other action as may be necessary to perfect the Issuer’s ownership interests in and the Indenture Trustee’s first priority Lien on and security interest in the Transition Property; making all filings and taking such other action as may be necessary to perfect and maintain the perfection and priority of the Indenture Trustee’s Lien on and security interest in all System Restoration Bond Collateral; selling as the agent for the Issuer as its interests may appear defaulted or written off accounts in accordance with the Servicer’s usual and customary practices; taking all necessary action in connection with True-Up Adjustments as set forth herein. Certain of ; and performing such other duties as may be specified under the duties set forth above may Financing Order to be performed by ESPs pursuant to ESP Service Agreements if such ESPs satisfy the creditworthiness requirements as set forth in PG&E’s Electric Rule 22.P., “Credit Requirements.” it. Anything to the contrary notwithstanding, the duties of the Servicer set forth in this Servicing Agreement shall be qualified in their entirety by any CPUC PUCT Regulations, the Financing Order Order, and the U.S. federal securities laws and the rules and regulations promulgated thereunder, including including, without limitation, Regulation AB, as in effect at the time such duties are to be performed. Without limiting the generality of this Section 3.01(a), in furtherance of the foregoing, the Servicer hereby agrees that it shall also have, and shall comply with, the duties and responsibilities relating to data acquisition, usage and xxxx calculation, billing, customer service functions, collections, payment processing and remittance set forth in Annex I hereto, as it may be amended from time to time. For the avoidance of doubt, the term “usage” when used herein includes references refers to both kilowatt hour consumption and kilowatt demand.

Appears in 3 contracts

Samples: Transition Property Servicing Agreement (Entergy Texas, Inc.), Transition Property Servicing Agreement (Entergy Texas, Inc.), Transition Property Servicing Agreement (Entergy Texas, Inc.)

Duties of Servicer Generally. The Servicer’s duties in general shall include management, servicing and administration of the Recovery Securitized Utility Tariff Property; obtaining meter reads, calculating electric usage, billing, collections and posting of all payments in respect of the Recovery Securitized Utility Tariff Property; responding to inquiries by ConsumersCustomers, the CPUCMPSC, or any federal, local or other state governmental authorities with respect to the Recovery Securitized Utility Tariff Property; delivering Bills to Consumers and ESPsCustomers, processing and depositing collections and making periodic remittances pursuant to the Financing Order and each Tariff; furnishing periodic reports to the Issuer, the Indenture Trustee and the Rating Agencies; collecting applicable sales, franchise and other similar taxes on the Securitized Utility Tariff Charges and remitting such taxes to the appropriate taxing authority on a timely basis; collecting Income Tax, included in the Securitized Utility Tariff Charge, that will be owed by the Liberty with respect to such Securitized Utility Tariff Charges and distributing such amounts to Liberty Utilities (America) Co. which will file the consolidated US income tax return on behalf of the consolidated group that includes Liberty; and taking action in connection with True-Up Adjustments as set forth herein. Certain of the duties set forth above may be performed by ESPs pursuant to ESP Service Agreements if such ESPs satisfy the creditworthiness requirements as set forth in PG&E’s Electric Rule 22.P., “Credit Requirements.” Anything to the contrary notwithstanding, the duties of the Servicer set forth in this Servicing Agreement shall be qualified in their entirety by any CPUC MPSC Regulations, the Financing Order and the U.S. federal securities laws and the rules and regulations promulgated thereunder, including Regulation AB, as in effect at the time such duties are to be performed. Without limiting the generality of this Section 3.01(a), in furtherance of the foregoing, the Servicer hereby agrees that it shall also have, and shall comply with, the duties and responsibilities relating to data acquisition, usage and xxxx bill calculation, billing, customer service functions, collections, payment processing and remittance set forth in Annex I hereto, as it may be amended from time to time. For the avoidance of doubt, the term “usage” when used herein includes references to both kilowatt hour consumption and kilowatt demand.

Appears in 3 contracts

Samples: Securitized Utility Tariff Property Servicing Agreement (Empire District Bondco, LLC), Securitized Utility Tariff Property Servicing Agreement (Empire District Bondco, LLC), Securitized Utility Tariff Property Servicing Agreement (Empire District Bondco, LLC)

Duties of Servicer Generally. The Servicer’s duties in general shall include include: management, servicing and administration of the Recovery Securitization Property; obtaining meter readscalculating electricity consumption, calculating electric usagebilling the Securitization Charges, billing, collecting the Securitization Charges from Customers and remitting all collections and posting of all payments in respect of the Recovery Securitization Property; responding to inquiries by ConsumersCustomers, the CPUCIndiana Commission, or any federal, local or other state governmental authorities Governmental Authority with respect to the Recovery PropertySecuritization Property or the Securitization Charges; delivering Bills investigating and handling delinquencies (and furnishing reports with respect to Consumers and ESPssuch delinquencies to the Issuer), processing and depositing collections and making periodic remittances pursuant to the Financing Order and each Tariffremittances; furnishing periodic and current reports to the Issuer, the Indenture Indiana Commission, the Trustee and the Rating Agencies; making all filings with the Indiana Commission and taking such other action as may be necessary to perfect the Issuer’s ownership interests in and the Trustee’s first priority Lien on the Securitization Property and other portions of the Trust Estate; making all filings and taking such other action as may be necessary to perfect and maintain the perfection and priority of the Trustee’s Lien on all of the Trust Estate; selling, as the agent for the Issuer, defaulted or written off accounts in accordance with the Servicer’s usual and customary practices; taking all necessary action in connection with True-Up Adjustments as set forth herein. Certain of ; and performing such other duties as may be specified under the duties set forth above may Financing Order to be performed by ESPs pursuant to ESP Service Agreements if such ESPs satisfy the creditworthiness requirements as set forth in PG&E’s Electric Rule 22.P., “Credit Requirements.” it. Anything to the contrary notwithstanding, the duties of the Servicer set forth in this Servicing Agreement shall be qualified in their entirety by any CPUC applicable Indiana Commission Regulations, the Financing Order and the U.S. federal securities laws and the rules and regulations promulgated thereunder, including without limitation, Regulation ABAB and Rule 17g-5, as in effect at the time such duties are to be performed. Without limiting the generality of this Section 3.01(a), in furtherance of the foregoing, the Servicer hereby agrees that it shall also have, and shall comply with, the duties and responsibilities relating to data acquisition, usage and xxxx bill calculation, billing, customer service functions, collections, payment processing and remittance set forth in Annex I hereto, as it may be amended from time to time. For the avoidance of doubt, the term “usage” when used herein includes references to both kilowatt hour consumption and kilowatt demand.I.

Appears in 3 contracts

Samples: Securitization Property Servicing Agreement (SIGECO Securitization I, LLC), Securitization Property Servicing Agreement (SIGECO Securitization I, LLC), Securitization Property Servicing Agreement (SIGECO Securitization I, LLC)

Duties of Servicer Generally. The Servicer’s duties in general shall include management, servicing and administration of the Recovery Property; obtaining meter reads, calculating electric usage, billing, collections and posting of all payments in respect of the Recovery Property; responding to inquiries by Consumers, the CPUC, or any federal, local or other state governmental authorities with respect to the Recovery Property; delivering Bills to Consumers and ESPs, processing and depositing collections and making periodic remittances pursuant to the Financing Order and each Tariff; furnishing periodic reports to the Issuer, the Indenture Trustee and the Rating Agencies; and taking action in connection with True-Up Adjustments as set forth herein. Certain of the duties set forth above may be performed by ESPs pursuant to ESP Service Agreements if such ESPs satisfy the creditworthiness requirements as set forth in PG&ESCE’s Electric Rule 22.P., “Credit Requirements.” Anything to the contrary notwithstanding, the duties of the Servicer set forth in this Servicing Agreement shall be qualified in their entirety by any CPUC Regulations, the Financing Order and the U.S. federal securities laws and the rules and regulations promulgated thereunder, including Regulation AB, as in effect at the time such duties are to be performed. Without limiting the generality of this Section 3.01(a), in furtherance of the foregoing, the Servicer hereby agrees that it shall also have, and shall comply with, the duties and responsibilities relating to data acquisition, usage and xxxx bill calculation, billing, customer service functions, collections, payment processing and remittance set forth in Annex I hereto, as it may be amended from time to time. For the avoidance of doubt, the term “usage” when used herein includes references to both kilowatt hour consumption and kilowatt demand.

Appears in 3 contracts

Samples: Recovery Property Servicing Agreement (SCE Recovery Funding LLC), Recovery Property Servicing Agreement (SCE Recovery Funding LLC), Recovery Property Servicing Agreement (SCE Recovery Funding LLC)

Duties of Servicer Generally. The Servicer’s duties in general shall include management, servicing and administration of the Recovery Transition Property; obtaining meter reads, calculating electric usageusage (including demand and including any such usage by Customers served by a REP), billing, collections and posting of all payments in respect of the Recovery Transition Property; responding to inquiries by ConsumersCustomers, REPs, the CPUCPUCT, or any federal, local or other state governmental authorities Governmental Authority with respect to the Recovery Transition Property; delivering Bills to Consumers Customers or REPs; investigating and ESPshandling delinquencies (and furnishing reports with respect to such delinquencies to the Issuer), processing and depositing collections and making periodic remittances pursuant to the Financing Order and each Tariffremittances; furnishing periodic reports to the Issuer, the Indenture Trustee and the Rating Agencies; making all filings with the PUCT and taking such other action as may be necessary to perfect the Issuer’s ownership interests in and the Indenture Trustee’s first priority lien and security interest on the Transition Property; making all filings and taking such other action as may be necessary to perfect and maintain the perfection and priority of the Indenture Trustee’s lien on and security interest in all Transition Bond Collateral; selling as the agent for the Issuer as its interests may appear defaulted or written off accounts in accordance with the Servicer’s usual and customary practices; taking all necessary action in connection with True-Up Adjustments as set forth herein. Certain of ; and performing such other duties as may be specified under the duties set forth above may Applicable Financing Order to be performed by ESPs pursuant to ESP Service Agreements if such ESPs satisfy the creditworthiness requirements as set forth in PG&E’s Electric Rule 22.P., “Credit Requirements.” it. Anything to the contrary notwithstanding, the duties of the Servicer set forth in this Servicing Agreement shall be qualified in their entirety by any CPUC PUCT Regulations, the Applicable Financing Order Orders, and the U.S. federal securities laws and the rules and regulations promulgated thereunder, including without limitation, Regulation AB, as in effect at the time such duties are to be performed. Without limiting the generality of this Section 3.01(a), in furtherance of the foregoing, the Servicer hereby agrees that it shall also have, and shall comply with, the duties and responsibilities relating to data acquisition, usage and xxxx calculation, billing, customer service functions, collections, payment processing and remittance set forth in Annex I hereto, as it may be amended from time to time. For the avoidance of doubt, the term “usage” when used herein includes references refers to both kilowatt hour consumption and kilowatt demand.

Appears in 2 contracts

Samples: Transition Property Servicing Agreement (Aep Texas Central Co), Transition Property Servicing Agreement (Aep Texas Central Co)

Duties of Servicer Generally. The Servicer’s duties in general shall include management, servicing and administration of the Recovery Property; obtaining meter reads, calculating electric usage, billing, collections and posting of all payments in respect of the Recovery Property; responding to inquiries by ConsumersCustomers, the CPUCNYPSC, or any federal, local or other state governmental authorities with respect to the Recovery PropertyProperty or Recovery Charges; delivering Bills investigating and handling delinquencies (and furnishing reports with respect to Consumers and ESPssuch delinquencies to the Issuer), processing and depositing collections and making periodic remittances pursuant to the Financing Order and each Tariffthe Compliance Tariff Statement; furnishing periodic reports and current reports to the Issuer, the Indenture Trustee and the Rating Agencies; collecting applicable sales, franchise and other similar taxes on the Recovery Charges and remitting such taxes to the appropriate taxing authority on a timely basis; and taking action in connection with True-Up Adjustments as set forth herein. Certain of the duties set forth above may be performed by ESPs pursuant to ESP Service Agreements if such ESPs satisfy the creditworthiness requirements as set forth in PG&E’s Electric Rule 22.P., “Credit Requirements.” Anything to the contrary notwithstanding, the duties of the Servicer set forth in this Servicing Agreement shall be qualified and limited in their entirety by any CPUC NYPSC Regulations, the Act, the Financing Order and the U.S. federal securities laws and the rules and regulations promulgated thereunder, including Regulation AB, as in effect at the time such duties are to be performed. Without limiting the generality of this Section 3.01(a), in furtherance of the foregoing, the Servicer hereby agrees that it shall also have, and shall comply with, the duties and responsibilities relating to data acquisition, usage and xxxx bill calculation, billing, customer service functions, collections, payment processing and remittance set forth in Annex I hereto, as it may be amended from time to time. For the avoidance of doubt, the term “usage” when used herein includes references to both kilowatt hour consumption and kilowatt demand.

Appears in 2 contracts

Samples: Recovery Property Servicing Agreement (RG&E Storm Funding LLC), Recovery Property Servicing Agreement (NYSEG Storm Funding LLC)

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Duties of Servicer Generally. (i) The Servicer’s duties in general shall include include: management, servicing and administration of the Recovery Securitization Property; obtaining meter reads, calculating electric usage, ; billing, collections and posting of all payments in respect of the Recovery PropertySecuritization Property or Securitization Charges; responding to inquiries by ConsumersCustomers, the CPUC, Commission or any federal, local or other state governmental authorities Governmental Authority with respect to the Recovery PropertySecuritization Property or Securitization Charges; delivering Bills to Consumers the respective Customers; investigating and ESPshandling delinquencies (and furnishing reports with respect to such delinquencies to the Issuer), processing and depositing collections and making periodic remittances pursuant to the Financing Order and each Tariffremittances; furnishing periodic reports to the Issuer, the Indenture Trustee and the Rating Agencies; making all filings with the Commission and taking such other action as may be necessary to perfect the Issuer’s ownership interests in and the Indenture Trustee’s first priority Lien on the Securitization Property; making all filings and taking such other action as may be necessary to perfect and maintain the perfection and priority of the Indenture Trustee’s Lien on all Securitization Bond Collateral; selling as the agent for the Issuer, as its interests may appear, defaulted or written off accounts in accordance with the Servicer’s usual and customary practices; taking all necessary action in connection with True-Up Adjustments as set forth herein. Certain of ; and performing such other duties as may be specified under the duties set forth above may Financing Order to be performed by ESPs pursuant to ESP Service Agreements if such ESPs satisfy the creditworthiness requirements as set forth in PG&E’s Electric Rule 22.P., “Credit Requirements.” it. Anything to the contrary notwithstanding, the duties of the Servicer set forth in this Servicing Agreement shall be qualified in their entirety by any CPUC Commission Regulations, the Financing Order and the U.S. federal securities laws and the rules and regulations promulgated thereunder, including including, without limitation, Regulation AB, as in effect at the time such duties are to be performed. Without limiting the generality of this Section 3.01(a3.01(a)(i), in furtherance of the foregoing, the Servicer hereby agrees that it shall also have, and shall comply with, the duties and responsibilities relating to data acquisition, usage and usage, xxxx calculation, billing, customer service functions, collections, posting, payment processing and remittance set forth in Annex I attached hereto, as it may be amended from time to time. For the avoidance of doubt, the term “usage” when used herein includes references to both kilowatt hour consumption and kilowatt demand.

Appears in 2 contracts

Samples: Securitization Property Servicing Agreement (DTE Electric Securitization Funding I LLC), Securitization Property Servicing Agreement (DTE Electric Securitization Funding I LLC)

Duties of Servicer Generally. The Servicer’s duties in general shall include management, servicing and administration of the Recovery Property; obtaining meter reads, calculating electric usage, billing, collections and posting of all payments in respect of the Recovery Property; responding to inquiries by Consumers, the CPUC, or any federal, local or other state governmental authorities with respect to the Recovery Property; delivering Bills to Consumers and ESPs, processing and depositing collections and making periodic remittances pursuant to the Financing Order and each Tariff; furnishing periodic reports to the Issuer, the Indenture Trustee and the Rating Agencies; and taking action in connection with True-Up Adjustments as set forth herein. Certain of the duties set forth above may be performed by ESPs pursuant to ESP Service Agreements if such ESPs satisfy the creditworthiness requirements as set forth in PG&E’s Electric Rule 22.P., “Credit Requirements.” Anything to the contrary notwithstanding, the duties of the Servicer set forth in this Servicing Agreement shall be qualified in their entirety by any CPUC Regulations, the Financing Order and the U.S. federal securities laws and the rules and regulations promulgated thereunder, including Regulation AB, as in effect at the time such duties are to be performed. Without limiting the generality of this Section 3.01(a), in furtherance of the foregoing, the Servicer hereby agrees that it shall also have, and shall comply with, the duties and responsibilities relating to data acquisition, usage and xxxx bill calculation, billing, customer service functions, collections, payment processing and remittance set forth in Annex I hereto, as it may be amended from time to time. For the avoidance of doubt, the term “usage” when used herein includes references to both kilowatt hour consumption and kilowatt demand.

Appears in 2 contracts

Samples: Recovery Property Servicing Agreement (PACIFIC GAS & ELECTRIC Co), Recovery Property Servicing Agreement (PG&E Recovery Funding LLC)

Duties of Servicer Generally. The Servicer’s duties in general shall include management, servicing and administration of the Investment Recovery Property; obtaining meter reads, calculating electric electricity usage, billing, collections and posting of all payments in respect of the Investment Recovery Property; responding to inquiries by ConsumersCustomers, the CPUCLPSC, or any federal, local or other state governmental authorities Governmental Authority with respect to the Investment Recovery Property; delivering Bills to Consumers Customers; investigating and ESPshandling delinquencies (and furnishing reports with respect to such delinquencies to the Issuer), processing and depositing collections and making periodic remittances pursuant to the Financing Order and each Tariffremittances; furnishing periodic reports to the Issuer, the Indenture Trustee and the Rating Agencies; making all filings with the LPSC and taking such other action as may be necessary to perfect the Issuer’s ownership interests in and the Indenture Trustee’s first priority lien and security interest on the Investment Recovery Property; making all filings and taking such other action as may be necessary to perfect and maintain the perfection and priority of the Indenture Trustee’s lien on and security interest in all Investment Recovery Bond Collateral; selling, as the agent for the Issuer, as its interests may appear defaulted or written off accounts in accordance with the Servicer’s usual and customary practices; taking all necessary action in connection with True-Up Adjustments as set forth herein. Certain of ; and performing such other duties as may be specified under the duties set forth above may Financing Order to be performed by ESPs pursuant to ESP Service Agreements if such ESPs satisfy the creditworthiness requirements as set forth in PG&E’s Electric Rule 22.P., “Credit Requirements.” it. Anything to the contrary notwithstanding, the duties of the Servicer set forth in this Servicing Agreement shall be qualified in their entirety by any CPUC LPSC Regulations, the Financing Order Order, and the U.S. federal securities laws and the rules and regulations promulgated thereunder, including without limitation, Regulation AB, as in effect at the time such duties are to be performed. Without limiting the generality of this Section 3.01(a), in furtherance of the foregoing, the Servicer hereby agrees that it shall also have, and shall comply with, the duties and responsibilities relating to data acquisition, usage and xxxx bxxx calculation, billing, customer service functions, collections, payment processing and remittance set forth in Annex I hereto, as it may be amended from time to time. For the avoidance of doubt, the term “usage” when used herein includes references refers to both kilowatt hour consumption and kilowatt demand.

Appears in 2 contracts

Samples: Investment Recovery Property Servicing Agreement (Entergy Louisiana Investment Recovery Funding I, L.L.C.), Investment Recovery Property Servicing Agreement (Entergy Louisiana Investment Recovery Funding I, L.L.C.)

Duties of Servicer Generally. The Servicer’s duties in general shall include management, servicing and administration of the Recovery Transition Property; obtaining meter reads, calculating electric usageusage (including demand and including any such usage by Customers served by a REP), billing, collections and posting of all payments in respect of the Recovery Transition Property; responding to inquiries by ConsumersCustomers, REPs, the CPUCPUCT, or any federal, local or other state governmental authorities Governmental Authority with respect to the Recovery Transition Property; delivering Bills to Consumers Customers or REPs; investigating and ESPshandling delinquencies (and furnishing reports with respect to such delinquencies to the Issuer), processing and depositing collections and making periodic remittances pursuant to the Financing Order and each Tariffremittances; furnishing periodic reports to the Issuer, the Indenture Trustee and the Rating Agencies; making all filings with the PUCT and taking such other action as may be necessary to perfect the Issuer’s ownership interests in and the Indenture Trustee’s first priority Lien on and security interest in the Transition Property; making all filings and taking such other action as may be necessary to perfect and maintain the perfection and priority of the Indenture Trustee’s Lien on and security interest in all Transition Bond Collateral; selling as the agent for the Issuer as its interests may appear defaulted or written off accounts in accordance with the Servicer’s usual and customary practices; taking all necessary action in connection with True-Up Adjustments as set forth herein. Certain of ; and performing such other duties as may be specified under the duties set forth above may Financing Order to be performed by ESPs pursuant to ESP Service Agreements if such ESPs satisfy the creditworthiness requirements as set forth in PG&E’s Electric Rule 22.P., “Credit Requirements.” it. Anything to the contrary notwithstanding, the duties of the Servicer set forth in this Servicing Agreement shall be qualified in their entirety by any CPUC PUCT Regulations, the Financing Order Order, and the U.S. federal securities laws and the rules and regulations promulgated thereunder, including without limitation, Regulation AB, as in effect at the time such duties are to be performed. Without limiting the generality of this Section 3.01(a), in furtherance of the foregoing, the Servicer hereby agrees that it shall also have, and shall comply with, the duties and responsibilities relating to data acquisition, usage and xxxx bxxx calculation, billing, customer service functions, collections, payment processing and remittance set forth in Annex I hereto, as it may be amended from time to time. For the avoidance of doubt, the term “usage” when used herein includes references refers to both kilowatt hour consumption and kilowatt demand.

Appears in 2 contracts

Samples: Transition Property Servicing Agreement (AEP Transition Funding III LLC), Transition Property Servicing Agreement (AEP Transition Funding III LLC)

Duties of Servicer Generally. The Servicer will manage, service, administer and make collections in respect of the Transferred Environmental Control Property. The Servicer’s duties in general shall will include management(i) calculating and billing the Environmental Control Charges, servicing collecting Environmental Control Charge Payments, and administration of remitting all Environmental Control Charge Collections to the Recovery PropertyIndenture Trustee; obtaining meter reads, calculating electric usage, billing, collections and posting of all payments in respect of the Recovery Property; (ii) responding to inquiries by ConsumersCustomers, Third Parties, the CPUCPSCWV, or any federal, local or other state governmental authorities Governmental Authority with respect to the Recovery Transferred Environmental Control Property, including the Environmental Control Charges; delivering Bills to Consumers and ESPs(iii) accounting for Environmental Control Charge Collections, investigating delinquencies, processing and depositing collections and making periodic remittances pursuant to the Financing Order and each Tariff; remittances, furnishing periodic reports to the Issuer, the Indenture Trustee Trustee, the PSCWV and the Rating Agencies; (iv) selling defaulted or written off accounts in accordance with the Servicer’s usual and customary practices; and (v) taking action in connection with True-Up Adjustments as according to the procedures set forth hereinherein and in Exhibit A hereto. Certain of the duties set forth above may be performed by ESPs pursuant to ESP Service Agreements if such ESPs satisfy the creditworthiness requirements as set forth in PG&E’s Electric Rule 22.P., “Credit Requirements.” Anything to the contrary notwithstanding, the duties of the Servicer set forth in this Servicing Agreement shall be qualified in their entirety by any CPUC Regulations, the Financing Order and the U.S. federal securities laws and the rules and regulations promulgated thereunder, including Regulation AB, applicable Requirements of Law as may be in effect at the time such duties are to be performed. Without limiting the generality of this Section 3.01(a), in furtherance of the foregoing, the Servicer hereby agrees that it shall also have, and shall comply with, the duties and responsibilities relating to data acquisition, usage usage, demand and xxxx bxxx calculation, billing, customer service functions, collections, payment processing and remittance set forth in Annex I Exhibit A hereto, as it may be amended from time to time. For the avoidance of doubt, the term “usage” when used herein includes references to both kilowatt hour consumption and kilowatt demand.

Appears in 1 contract

Samples: Transferred Environmental Control Property Servicing Agreement (MP Environmental Funding LLC)

Duties of Servicer Generally. The Servicer’s duties in general shall include include: management, servicing and administration of the Recovery Securitization Property; obtaining meter reads, calculating electric usage, usage and billing, collections collecting and posting of all payments in respect of the Recovery PropertySecuritization Property or Securitization Charges; responding to inquiries by ConsumersCustomers, the CPUC, Commission or any federal, local or other state governmental authorities Governmental Authority with respect to the Recovery PropertySecuritization Property or Securitization Charges; delivering Bills to Consumers Customers; investigating and ESPshandling delinquencies (and furnishing reports with respect to such delinquencies to the Issuer), processing and depositing collections and making periodic remittances pursuant to the Financing Order and each Tariffremittances; furnishing periodic reports to the Issuer, the Indenture Trustee and the Rating Agencies; making all filings with the Commission and taking such other action as may be necessary to perfect the Issuer’s ownership interests in and the Indenture Trustee’s first priority Lien on the Securitization Property; making all filings and taking such other action as may be necessary to perfect and maintain the perfection and priority of the Indenture Trustee’s Lien on all Securitization Bond Collateral; selling as the agent for the Issuer as its interests may appear defaulted or written off accounts in accordance with the Servicer’s usual and customary practices; taking all necessary action in connection with True-Up Adjustments as set forth herein. Certain of ; and performing such other duties as may be specified under the duties set forth above may Financing Order to be performed by ESPs pursuant to ESP Service Agreements if such ESPs satisfy the creditworthiness requirements as set forth in PG&E’s Electric Rule 22.P., “Credit Requirements.” it. Anything to the contrary notwithstanding, the duties of the Servicer set forth in this Servicing Agreement shall be qualified in their entirety by any CPUC Commission Regulations, the Financing Order and the U.S. federal securities laws and the rules and regulations promulgated thereunder, including Regulation AB, as in effect at the time such duties are to be performed. Without limiting the generality of this Section 3.01(a), in furtherance of the foregoing, the Servicer hereby agrees that it shall also have, and shall comply with, the duties and responsibilities relating to data acquisition, usage and xxxx bill calculation, billing, customer service functions, collections, posting, payment processing and remittance set forth in Annex I heretoExhibit A. Any processing and depositing of collections, as it may making of periodic remittances and furnishing of periodic reports set forth in this Section 3.01(a) shall be amended from time subject to time. For the avoidance provisions of doubt, the term “usage” when used herein includes references to both kilowatt hour consumption and kilowatt demandIntercreditor Agreement.

Appears in 1 contract

Samples: Intercreditor Agreement (Consumers 2023 Securitization Funding LLC)

Duties of Servicer Generally. The Servicer will manage, service, administer and make collections in respect of the Transferred Environmental Control Property. The Servicer’s duties in general shall will include management(i) calculating and billing the Environmental Control Charges, servicing collecting Environmental Control Charge Payments, and administration of the Recovery Propertyremitting all Environmental Control Charge Collections; obtaining meter reads, calculating electric usage, billing, collections and posting of all payments in respect of the Recovery Property; (ii) responding to inquiries by ConsumersCustomers, Third Parties, the CPUCPSCWV, or any federal, local or other state governmental authorities Governmental Authority with respect to the Recovery Transferred Environmental Control Property, including the Environmental Control Charges; delivering Bills to Consumers and ESPs(iii) accounting for Environmental Control Charge Collections, investigating delinquencies, processing and depositing collections and making periodic remittances pursuant to the Financing Order and each Tariff; remittances, furnishing periodic reports to the Issuer, the Indenture Trustee Trustee, the PSCWV and the Rating Agencies; (iv) selling defaulted or written off accounts in accordance with the Servicer’s usual and customary practices; and (v) taking action in connection with True-Up Adjustments as according to the procedures set forth hereinherein and in Exhibit A hereto. Certain of the duties set forth above may be performed by ESPs pursuant to ESP Service Agreements if such ESPs satisfy the creditworthiness requirements as set forth in PG&E’s Electric Rule 22.P., “Credit Requirements.” Anything to the contrary notwithstanding, the duties of the Servicer set forth in this Servicing Agreement shall be qualified in their entirety by any CPUC Regulations, the Financing Order and the U.S. federal securities laws and the rules and regulations promulgated thereunder, including Regulation AB, applicable Requirements of Law as may be in effect at the time such duties are to be performed. Without limiting the generality of this Section 3.01(a), in furtherance of the foregoing, the Servicer hereby agrees that it shall also have, and shall comply with, the duties and responsibilities relating to data acquisition, usage usage, demand and xxxx calculation, billing, customer service functions, collections, payment processing and remittance set forth in Annex I Exhibit A hereto, as it may be amended from time to time. For the avoidance of doubt, the term “usage” when used herein includes references to both kilowatt hour consumption and kilowatt demand.

Appears in 1 contract

Samples: Transferred Environmental Control Property Servicing Agreement (MP Environmental Funding LLC)

Duties of Servicer Generally. The Servicer’s duties in general shall include management, servicing and administration of the Recovery Property; obtaining meter reads, calculating electric usage, billing, collections and posting of all payments in respect of the Recovery Property; responding to inquiries by Consumers, the CPUC, or any federal, local or other state governmental authorities with respect to the Recovery Property; delivering Bills to Consumers and ESPs, processing and depositing collections and making periodic remittances pursuant to the Financing Order and each Tariff; furnishing periodic reports to the Issuer, the Indenture Trustee and the Rating Agencies; and taking action in connection with True-Up Adjustments as set forth herein. Certain of the duties set forth above may be performed by ESPs pursuant to ESP Service Agreements if such ESPs satisfy the creditworthiness requirements as set forth in PG&EPacific Gas and Electric Company’s Electric Rule 22.P., “Credit Requirements.” Anything to the contrary notwithstanding, the duties of the Servicer set forth in this Servicing Agreement shall be qualified in their entirety by any CPUC Regulations, the Financing Order and the U.S. federal securities laws and the rules and regulations promulgated thereunder, including Regulation AB, Regulations as in effect at the time such duties are to be performed. Without limiting the generality of this Section 3.01(a), in furtherance of the foregoing, the Servicer hereby agrees that it shall also have, and shall comply with, the duties and responsibilities relating to data acquisition, electric usage and xxxx calculation, billing, customer service functions, collections, payment processing and remittance set forth in Annex I hereto, as it may be amended from time to time. For the avoidance of doubt, the term “usage” when used herein includes references to both kilowatt hour consumption and kilowatt demand.

Appears in 1 contract

Samples: Recovery Property Servicing Agreement (PG&E Energy Recovery Funding LLC)

Duties of Servicer Generally. The Servicer will manage, service, administer and make collections in respect of the Transferred Environmental Control Property. The Servicer’s duties in general shall will include management(i) calculating and billing the Environmental Control Charges, servicing collecting Environmental Control Charge Payments, and administration of the Recovery Propertyremitting all Environmental Control Charge Collections; obtaining meter reads, calculating electric usage, billing, collections and posting of all payments in respect of the Recovery Property; (ii) responding to inquiries by ConsumersCustomers, Third Parties, the CPUCPSCWV, or any federal, local or other state governmental authorities Governmental Authority with respect to the Recovery Transferred Environmental Control Property, including the Environmental Control Charges; delivering Bills to Consumers and ESPs(iii) accounting for Environmental Control Charge Collections, investigating delinquencies, processing and depositing collections and making periodic remittances pursuant to the Financing Order and each Tariff; remittances, furnishing periodic reports to the Issuer, the Indenture Trustee Trustee, the PSCWV and the Rating Agencies; (iv) selling defaulted or written off accounts in accordance with the Servicer’s usual and customary practices; and (v) taking action in connection with True-Up Adjustments as according to the procedures set forth hereinherein and in Exhibit A hereto. Certain of the duties set forth above may be performed by ESPs pursuant to ESP Service Agreements if such ESPs satisfy the creditworthiness requirements as set forth in PG&E’s Electric Rule 22.P., “Credit Requirements.” Anything to the contrary notwithstanding, the duties of the Servicer set forth in this Servicing Agreement shall be qualified in their entirety by any CPUC Regulations, the Financing Order and the U.S. federal securities laws and the rules and regulations promulgated thereunder, including Regulation AB, applicable Requirements of Law as may be in effect at the time such duties are to be performed. Without limiting the generality of this Section 3.01(a), in furtherance of the foregoing, the Servicer hereby agrees that it shall also have, and shall comply with, the duties and responsibilities relating to data acquisition, usage usage, demand and xxxx bxxx calculation, billing, customer service functions, collections, payment processing and remittance set forth in Annex I Exhibit A hereto, as it may be amended from time to time. For the avoidance of doubt, the term “usage” when used herein includes references to both kilowatt hour consumption and kilowatt demand.

Appears in 1 contract

Samples: Transferred Environmental Control Property Servicing Agreement (PE Environmental Funding LLC)

Duties of Servicer Generally. The Servicer’s duties in general shall include managementServicer will manage, servicing service, administer and administration of the Recovery Property; obtaining meter reads, calculating electric usage, billing, make collections and posting of all payments in respect of the Recovery Serviced Intangible Transition Property. The Servicer's duties will include (i) calculating and billing the Intangible Transition Charges and collecting (from Customers and Third Parties, as applicable) and posting all ITC Collections; (ii) responding to inquiries by ConsumersCustomers, Third Parties, the CPUCPUC, or any federalFederal, local or other state governmental authorities with respect to the Recovery PropertyServiced Intangible Transition Property and Intangible Transition Charges; delivering Bills to Consumers and ESPs(iii) accounting for ITC Collections, investigating delinquencies, processing and depositing collections and making periodic remittances pursuant to the Financing Order and each Tariff; remittances, furnishing periodic reports to the Issuer, the Indenture Bond Trustee and the Rating Agencies; (iv) selling, as the agent for the Issuer, as its interest may appear, defaulted or written off accounts in accordance with the Servicer's usual and customary practices; and (v) taking action in connection with True-Up Intangible Transition Charge Adjustments as set forth herein. Certain of the duties set forth above may be performed by ESPs pursuant to ESP Service Agreements if such ESPs satisfy the creditworthiness requirements as set forth in PG&E’s Electric Rule 22.P., “Credit Requirements.” Anything to the contrary notwithstanding, the duties of the Servicer set forth in this Servicing Agreement shall be qualified in their entirety by any CPUC Regulations, the Financing Order and the U.S. federal securities laws and the rules and regulations promulgated thereunder, including Regulation AB, PUC Regulations as in effect at the time such duties are to be performed. Without limiting the generality of this Section 3.01(a), in furtherance of the foregoing, the Servicer hereby agrees that it shall also have, and shall comply with, the duties and responsibilities relating to data acquisition, usage and xxxx calculationbill xxxculation, billing, customer service functions, collections, payment processing and remittance set forth in Annex I Exhibit A hereto, as it may be amended from time to time. For the avoidance of doubt, the term “usage” when used herein includes references to both kilowatt hour consumption and kilowatt demand.

Appears in 1 contract

Samples: Servicing Agreement (West Penn Funding LLC)

Duties of Servicer Generally. The Servicer’s duties in general shall include management, servicing and administration of the Recovery Property; obtaining meter reads, calculating electric usage, billing, collections and posting of all payments in respect of the Recovery Property; responding to inquiries by Consumers, the CPUC, or any federal, local or other state governmental authorities with respect to the Recovery Property; delivering Bills to Consumers and ESPs, processing and depositing collections and making periodic remittances pursuant to the Financing Order and each Tariff; furnishing periodic reports to the Issuer, the Indenture Trustee and the Rating Agencies; and taking action in connection with True-Up Adjustments as set forth herein. Certain of the duties set forth above may be performed by ESPs pursuant to ESP Service Agreements if such ESPs satisfy the creditworthiness requirements as set forth in PG&EPacific Gas and Electric Company’s Electric Rule 22.P., “Credit Requirements.” Anything to the contrary notwithstanding, the duties of the Servicer set forth in this Servicing Agreement shall be qualified in their entirety by any CPUC Regulations, the Financing Order and the U.S. federal securities laws and the rules and regulations promulgated thereunder, including Regulation AB, Regulations as in effect at the time such duties are to be performed. Without limiting the generality of this Section 3.01(a), in furtherance of the foregoing, the Servicer hereby agrees that it shall also have, and shall comply with, the duties and responsibilities relating to data acquisition, electric usage and xxxx bxxx calculation, billing, customer service functions, collections, payment processing and remittance set forth in Annex I hereto, as it may be amended from time to time. For the avoidance of doubt, the term “usage” when used herein includes references to both kilowatt hour consumption and kilowatt demand.

Appears in 1 contract

Samples: Recovery Property Servicing Agreement (PG&E Energy Recovery Funding LLC)

Duties of Servicer Generally. The Servicer will manage, service, administer and make collections in respect of the Transferred Environmental Control Property. The Servicer’s duties in general shall will include management(i) calculating and billing the Environmental Control Charges, servicing collecting Environmental Control Charge Payments, and administration of remitting all Environmental Control Charge Collections to the Recovery PropertyIndenture Trustee; obtaining meter reads, calculating electric usage, billing, collections and posting of all payments in respect of the Recovery Property; (ii) responding to inquiries by ConsumersCustomers, Third Parties, the CPUCPSCWV, or any federal, local or other state governmental authorities Governmental Authority with respect to the Recovery Transferred Environmental Control Property, including the Environmental Control Charges; delivering Bills to Consumers and ESPs(iii) accounting for Environmental Control Charge Collections, investigating delinquencies, processing and depositing collections and making periodic remittances pursuant to the Financing Order and each Tariff; remittances, furnishing periodic reports to the Issuer, the Indenture Trustee Trustee, the PSCWV and the Rating Agencies; (iv) selling defaulted or written off accounts in accordance with the Servicer’s usual and customary practices; and (v) taking action in connection with True-Up Adjustments as according to the procedures set forth hereinherein and in Exhibit A hereto. Certain of the duties set forth above may be performed by ESPs pursuant to ESP Service Agreements if such ESPs satisfy the creditworthiness requirements as set forth in PG&E’s Electric Rule 22.P., “Credit Requirements.” Anything to the contrary notwithstanding, the duties of the Servicer set forth in this Servicing Agreement shall be qualified in their entirety by any CPUC Regulations, the Financing Order and the U.S. federal securities laws and the rules and regulations promulgated thereunder, including Regulation AB, applicable Requirements of Law as may be in effect at the time such duties are to be performed. Without limiting the generality of this Section 3.01(a), in furtherance of the foregoing, the Servicer hereby agrees that it shall also have, and shall comply with, the duties and responsibilities relating to data acquisition, usage usage, demand and xxxx calculation, billing, customer service functions, collections, payment processing and remittance set forth in Annex I Exhibit A hereto, as it may be amended from time to time. For the avoidance of doubt, the term “usage” when used herein includes references to both kilowatt hour consumption and kilowatt demand.

Appears in 1 contract

Samples: Transferred Environmental Control Property Servicing Agreement (MP Environmental Funding LLC)

Duties of Servicer Generally. The Servicer’s duties in general shall include managementServicer will manage, servicing service, administer and administration of the Recovery Property; obtaining meter reads, calculating electric usage, billing, make collections and posting of all payments 223 in respect of the Recovery Serviced Intangible Transition Property. The Servicer's duties will include (i) calculating and billing the Intangible Transition Charges and collecting (from Customers and Third Parties, as applicable) and posting all ITC Collections; (ii) responding to inquiries by ConsumersCustomers, Third Parties, the CPUCPUC, or any federalFederal, local or other state governmental authorities with respect to the Recovery PropertyServiced Intangible Transition Property and Intangible Transition Charges; delivering Bills to Consumers and ESPs(iii) accounting for ITC Collections, investigating delinquencies, processing and depositing collections and making periodic remittances pursuant to the Financing Order and each Tariff; remittances, furnishing periodic reports to the Issuer, the Indenture Bond Trustee and the Rating Agencies; (iv) selling defaulted or written off accounts in accordance with the Servicer's usual and customary practices; and (v) taking action in connection with True-Up Intangible Transition Charge Adjustments as set forth herein. Certain of the duties set forth above may be performed by ESPs pursuant to ESP Service Agreements if such ESPs satisfy the creditworthiness requirements as set forth in PG&E’s Electric Rule 22.P., “Credit Requirements.” Anything to the contrary notwithstanding, the duties of the Servicer set forth in this Servicing Agreement shall be qualified in their entirety by any CPUC Regulations, the Financing Order and the U.S. federal securities laws and the rules and regulations promulgated thereunder, including Regulation AB, PUC Regulations as in effect at the time such duties are to be performed. Without limiting the generality of this Section 3.01(a), in furtherance of the foregoing, the Servicer hereby agrees that it shall also have, and shall comply with, the duties and responsibilities 224 relating to data acquisition, usage and xxxx bill calculation, billing, customer service functions, collectionsxxxlections, payment processing and remittance set forth in Annex I Exhibit A hereto, as it may be amended from time to time. For the avoidance of doubt, the term “usage” when used herein includes references to both kilowatt hour consumption and kilowatt demand.

Appears in 1 contract

Samples: Servicing Agreement (West Penn Funding LLC)

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