Examples of Additional TC Servicer in a sentence
The Person named as replacement Initial TC Servicer or Additional TC Servicer (as the case may be) in accordance with this Section 4 is referred to herein as the “Replacement Servicer”.
The Person named as replacement First Additional TC Servicer, Second Additional TC Servicer and System Restoration Servicer in accordance with this Section 4 is referred to herein as the “Replacement Servicer.” The parties hereto agree that the Replacement Servicer for the First Additional TC Servicer, the Second Additional TC Servicer and the System Restoration Servicer shall be the same entity.
The Initial Transition Bond Issuer, the Initial Transition Bond Trustee, the Initial TC Servicer, the Additional Transition Bond Issuer, the Additional Transition Bond Trustee, and the Additional TC Servicer each acknowledge that collections with respect to the Initial Transition Property and the Additional Transition Property may from time to time be deposited into one or more designated accounts of the Utility (the “Deposit Accounts”).
The parties hereto agree that the Replacement Servicer for the Initial TC Servicer and the Additional TC Servicer shall be the same entity.
Accordingly, each of the Initial Transition Bond Issuer and the Initial Transition Bond Trustee may, solely for the purposes of this Agreement, conclusively rely on the accuracy of the calculations of the Additional TC Servicer in making such adjustments, calculations and allocations.
Such acknowledgement shall not relieve the Company of any of its obligations to make payments in accordance with the terms of the Initial Sale Agreement and the Additional Sale Agreement, nor shall it relieve the Initial TC Servicer or the Additional TC Servicer of their obligations under the Initial Servicing Agreement and the Additional Servicing Agreement, respectively.
The Person named as replacement Initial TC Servicer, Additional TC Servicer, Third TC Servicer, Restoration Servicer or Fourth TC Servicer (as the case may be) in accordance with this Section 4 is referred to herein as the “Replacement Servicer”.
The Utility shall allocate and pay all interest accrued on amounts in each Deposit Account to the Initial TC Servicer or the Additional TC Servicer, as applicable.
Each of the Initial Transition Bond Issuer, the Initial Transition Bond Trustee, the Initial TC Servicer, the Additional Transition Bond Issuer, the Additional Transition Bond Trustee and the Additional TC Servicer acknowledges that Collections with respect to the Initial Transition Property and the Additional Transition Property may from time to time be deposited into one or more designated accounts of the Utility (the “Deposit Accounts”).
AEP TEXAS INC., as Company, First Additional TC Servicer, Second Additional TC Servicer, System Restoration Servicer and as collection agent By: /s/ Xxxxx X.