Common use of Method of Adjustment and Allocation Clause in Contracts

Method of Adjustment and Allocation. Each of the Parties hereto acknowledge that: (i) the Initial Servicer will adjust, calculate and allocate payments of Initial Recovery Charges in accordance with Section 4.01 of the Initial Servicing Agreement and Section 6 of Annex 1 of the Initial Servicing Agreement in the form attached thereto, and (ii) the Servicer will adjust, calculate and allocate payments of Recovery Charges in accordance with Section 4.01 of the Servicing Agreement and Section 6 of Annex 1 of the Servicing Agreement in the form attached thereto. Each of the parties hereto hereby acknowledges that (a) none of the Initial Secured Parties shall be deemed or required under this Agreement to have any knowledge of or responsibility for the terms of the Servicing Agreement and Annex 1 thereto, or any adjustment, calculation and allocation thereunder, and (b) none of the Secured Parties shall be deemed or required under this Agreement to have any knowledge of or responsibility for the terms of the Initial Servicing Agreement and Annex 1 thereto, or any adjustment, calculation and allocation thereunder. Accordingly, (A) each of the Initial Secured Parties may, solely for the purpose of this Agreement, conclusively rely on the accuracy of the calculations of the Servicer in making adjustments, calculations and allocations under the Servicing Agreement and Annex I thereto, and (B) each of the Secured Parties may, solely for the purpose of this Agreement, conclusively rely on the accuracy of the calculations of the Initial Servicer in making adjustments, calculations and allocations under the Initial Servicing Agreement and Annex I thereto. Such acknowledgement shall not relieve the Southern California Edison Company of any of its obligations to make payments in accordance with the terms of the Initial Sale Agreement and the Sale Agreement, nor shall it relieve the Initial Servicer or the Servicer of their obligations under the Initial Servicing Agreement and the Servicing Agreement, respectively.

Method of Adjustment and Allocation. Each of the Parties parties hereto acknowledge acknowledges that: (i) the Initial M Servicer will adjust, calculate and allocate payments of Initial Recovery Default Charges in accordance with Section 4.01 3.01 of the Initial Default Property Servicing Agreement and Section 6 of Annex 1 I of the Initial Default Property Servicing Agreement in the form attached thereto, and (ii) the N Servicer will adjust, calculate and allocate payments of Recovery Uplift Charges in accordance with Section 4.01 3.01 of the Uplift Property Servicing Agreement and Section 6 of Annex 1 I of the Uplift Property Servicing Agreement in the form attached thereto. Each of the parties hereto hereby acknowledges that (a) none of the Initial M Secured Parties shall be deemed or required under this Agreement to have any knowledge of or responsibility for the terms of the Uplift Property Servicing Agreement and Annex 1 thereto, I thereto or any adjustment, calculation and allocation thereunder, and (b) none of the N Secured Parties shall be deemed or required under this Agreement to have any knowledge of or responsibility for the terms of the Initial Default Property Servicing Agreement and Annex 1 thereto, I thereto or any adjustment, calculation and allocation thereunder. Accordingly, (A) each of the Initial M Secured Parties may, solely for the purpose of this Agreement, conclusively rely on the accuracy of the calculations of the N Servicer in making adjustments, calculations and allocations under the Uplift Property Servicing Agreement and Annex I thereto, and (B) each of the N Secured Parties may, solely for the purpose of this Agreement, conclusively rely on the accuracy of the calculations of the Initial M Servicer in making adjustments, calculations and allocations under the Initial Default Property Servicing Agreement and Annex I thereto. Such acknowledgement shall not relieve the Southern California Edison Company of any of its obligations to make payments in accordance with the terms of the Initial Sale Agreement and the Sale AgreementAgreements, nor shall it relieve the Initial M Servicer or the N Servicer of their obligations under the Initial Servicing Agreement and the Servicing Agreement, respectivelyAgreements.