Common use of Notification of Laws and Regulations Clause in Contracts

Notification of Laws and Regulations. The Servicer shall promptly notify the Issuer, the LPSC, the Indenture Trustee and each Rating Agency in writing when it becomes aware of any Requirement of Law or LPSC Regulations, orders or directions hereafter promulgated that have a material adverse effect on the Servicer’s ability to perform its duties under this Agreement.

Appears in 3 contracts

Samples: Storm Recovery Property Servicing Agreement (SWEPCO Storm Recovery Funding LLC), Storm Recovery Property Servicing Agreement (SWEPCO Storm Recovery Funding LLC), Storm Recovery Property Servicing Agreement (SWEPCO Storm Recovery Funding LLC)

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Notification of Laws and Regulations. The Servicer shall promptly immediately upon learning thereof notify the Issuer, the LPSC, the Indenture Trustee and each the Rating Agency Agencies in writing when it becomes aware of any Requirement Requirements of Law or LPSC Regulations, orders or directions Regulations hereafter promulgated that have a material adverse effect on the Servicer’s ability to perform its duties under this Agreement.

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.)

Notification of Laws and Regulations. The Servicer shall promptly immediately notify the Issuer, the LPSC, the Indenture Trustee and each Rating Agency in writing when it becomes aware of any Requirement of Law or LPSC Regulations, orders or directions hereafter promulgated that have a material adverse effect on the Servicer’s ability to perform its duties under this Agreement.

Appears in 1 contract

Samples: Energy Transition Property Servicing Agreement (Cleco Power LLC)

Notification of Laws and Regulations. The Upon acquiring actual knowledge thereof in the course of its performance of duties in accordance with the terms hereof, the Servicer shall promptly immediately notify the Issuer, the LPSC, the Indenture Trustee and each Rating Agency in writing when it becomes aware of any Requirement of Law laws or LPSC Regulations, orders or directions hereafter promulgated or LPSC proceedings hereafter initiated related to the Financing Order that have, or in the case of LPSC proceedings, may have a material adverse effect on the Servicer’s ability to perform its duties under this Agreement.

Appears in 1 contract

Samples: Storm Recovery Property Servicing Agreement (Cleco Katrina/Rita Hurricane Recovery Funding LLC)

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Notification of Laws and Regulations. The Upon acquiring actual knowledge thereof in the course of its performance of duties in accordance with the terms hereof, the Servicer shall promptly immediately notify the Issuer, the LPSC, the Indenture Trustee and each Rating Agency in writing when it becomes aware of any Requirement of Law laws or LPSC Regulations, orders or directions hereafter promulgated or LPSC proceedings hereafter initiated related to the Financing Order that have, or in the case of LPSC proceedings, may have a material adverse effect on the Servicer’s 's ability to perform its duties under this Agreement.

Appears in 1 contract

Samples: Storm Recovery Property Servicing Agreement (Cleco Katrina/Rita Hurricane Recovery Funding LLC)

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