Examples of DTE Electric in a sentence
Except for such Reimbursable Expenses, the Servicer shall be required to pay all other costs and expenses incurred by the Servicer in performing its activities hereunder (but, for the avoidance of doubt, excluding any such costs and expenses incurred by DTE Electric in its capacity as Administrator).
In connection with any such appointment, DTE Electric may make such arrangements for the compensation of such Successor Servicer as it and such successor shall agree, subject to the limitations set forth in Section 8.02 and in the Servicing Agreement.
DTE Electric, in its capacity as Seller, will not at any time assert any Lien against, or with respect to, any of the Securitization Property.
Subject to the provisions of Section 6.03, DTE Electric shall not resign from the obligations and duties hereby imposed on it as Servicer under this Servicing Agreement except upon either (a) a determination by DTE Electric that the performance of its duties under this Servicing Agreement shall no longer be permissible under applicable law, or (b) satisfaction of the Rating Agency Condition.
Termination of DTE Electric as Servicer shall not terminate DTE Electric’s rights or obligations under the Sale Agreement (except rights thereunder deriving from its rights as the Servicer hereunder).
Subject to Section 6.03, DTE Electric agrees to continue, unless prevented by circumstances beyond its control, to operate its electric distribution system to provide service so long as it is acting as the Servicer under this Servicing Agreement.
No such resignation shall become effective until a successor Servicer shall have assumed the responsibilities and obligations of DTE Electric in accordance with Section 7.02.
For purposes of determining whether a majority of Holders have consented, the Securitization Bonds owned by the Issuer, DTE Electric or any Affiliate shall be disregarded; provided; the Indenture Trustee shall only be required to disregard any Securitization Bonds it actually knows to be so owned.
For services not exceeding 240V see the two methods above for installing DTE Electric metering equipment in multiple occupancy buildings for three-phase service to tenants.
Method Two: DTE Electric will list the manufacturer and catalog numbers of multiple meter equipment, which has been accepted for metering tenant accounts in multiple occupancy buildings.