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 Notes, the Servicer shall, in accordance with the Servicing Standard, implement such procedures and policies as are necessary to ensure that the obligations of all Third-Party Collectors to remit IFC Payments are properly enforced in accordance with the terms and provisions of the Tariffs. Such procedures and policies shall include the following:

Appears in 2 contracts

Samples: Servicing Agreement (Illinois Power Securitization Limited Liability Co), Intangible Transition Property Servicing Agreement (Illinois Power Securitization Limited Liability Co)

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Monitoring of Third-Party Collectors. From time to time, until the Retirement of the Notes, the Servicer shall, in accordance with the Servicing Standard, implement such procedures and policies as are necessary to ensure that the obligations of all Third-Party Collectors to remit IFCs or IFC Payments are properly enforced in accordance with the terms and provisions of the Tariffs, and any other applicable ICC Regulations in effect from time to time. Such procedures and policies shall include the following:

Appears in 1 contract

Samples: Intangible Transition Property Servicing Agreement (Comed Funding LLC)

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Monitoring of Third-Party Collectors. From time to time, until the Retirement of the Notes, the Servicer shall, in accordance with the Servicing Standard, 18 implement such procedures and policies as are necessary to ensure that the obligations of all Third-Party Collectors to remit IFCs or IFC Payments are properly enforced in accordance with the terms and provisions of the Tariffs, and any other applicable ICC Regulations in effect from time to time. Such procedures and policies shall include the following:

Appears in 1 contract

Samples: Servicing Agreement (Comed Funding LLC)

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