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 Intangible Transition Property (including maintaining records of the cumulative total of IFC Collections and verifying that such amount has not exceeded any cap established by the ICC pursuant to a Funding Order)(1); obtaining meter reads, calculating usage, billing, collections and posting of all payments in respect of the Intangible Transition Property; responding to inquiries by Customers, the ICC or any federal, local or other state governmental authorities with respect to the Intangible Transition Property; delivering Bills to Customers and ARES, investigating and handling delinquencies, processing and depositing collections and making periodic remittances; furnishing periodic reports to the Grantee, the Note Issuer, the Indenture Trustee and the Rating Agencies; and taking all necessary action in connection with Adjustments as set forth herein. Certain of the duties set forth above may be performed by ARES pursuant to ARES Service Agreements. Anything to the contrary notwithstanding, the duties of the Servicer set forth in this Agreement shall be qualified in their entirety by any ICC 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 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, including without limitation payment of all Allocable IFC Revenue Amounts described therein.

Duties of Servicer Generally. The Servicer's duties in general shall include management, servicing and administration of the Intangible Transition Property (including maintaining records of the cumulative total of IFC Collections and verifying that such amount has not exceeded any cap established by the ICC pursuant to a Funding Order)(1)Property; obtaining meter reads, calculating usageusage (including usage by Customers of any TPS), billing, collections and posting of all payments in respect of the Intangible Transition Property; responding to inquiries by Customers, the ICC MPSC, or any federal, local or other state governmental authorities with respect to the Intangible Transition Property; delivering Bills to Customers and ARES, investigating and handling delinquenciesTPSs, processing and depositing collections and making periodic remittances; pursuing delinquent accounts; furnishing periodic reports to the Grantee, the Note Issuer, the Indenture Trustee and the Rating Agencies; and taking all necessary action in connection with True-Up Adjustments as set forth herein. Certain of the duties set forth above may be performed by ARES pursuant to ARES Service Agreements. Anything to the contrary notwithstanding, the duties of the Servicer set forth in this Agreement shall be qualified in their entirety by any ICC MPSC 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 calculation, billing, customer service functions, collections, payment processing and remittance set forth in Annex I hereto, including without limitation payment of all Allocable IFC Revenue Amounts described therein.