Common use of Monitoring of Third-Party Collectors Clause in Contracts

Monitoring of Third-Party Collectors. From time to time, until the Retirement of the Series 2003-1 Bonds, the Servicer shall, in accordance with the Servicing Standard, take all actions with respect to Third-Party Collectors required to be taken by the Servicer as set forth in the Tariffs and any applicable PUCT Regulations in effect from time to time and implement such additional procedures and policies as are necessary to ensure that the obligations of all Third-Party Collectors in connection with Series 2003-1 Transition Charges are properly enforced in accordance with the terms and provisions of the Tariffs and any applicable PUCT Regulations in effect from time to time. Such procedures and policies shall include the following:

Monitoring of Third-Party Collectors. From time to time, until the Retirement of the Series 2003-1 BondsNotes, the Servicer shall, in accordance with the Servicing Standard, take all actions with respect to Third-Party Collectors required to be taken by the Servicer as set forth in the Tariffs and any other applicable PUCT Regulations in effect from time to time and implement such additional procedures and policies as are necessary to ensure that the obligations of all Third-Party Collectors (including Applicable REPs) in connection with Series 2003-1 Transition Charges are properly enforced in accordance with the terms and provisions of the Tariffs and any other applicable PUCT Regulations in effect from time to time. Such procedures and policies shall include the following:

Monitoring of Third-Party Collectors. From time to time, until the Retirement of the Series 20032004-1 Bonds, the Servicer shall, in accordance with the Servicing Standard, take all actions with respect to Third-Party Collectors required to be taken by the Servicer as set forth in the Tariffs and any applicable PUCT Regulations in effect from time to time and implement such additional procedures and policies as are necessary to ensure that the obligations of all Third-Party Collectors in connection with Series 20032004-1 Transition Charges are properly enforced in accordance with the terms and provisions of the Tariffs and any applicable PUCT Regulations in effect from time to time. Such procedures and policies shall include the following: