Examples of Kansas Commission in a sentence
Notwithstanding anything to the contrary in Section 9.01 or 9.02, no indenture or indentures supplemental to this Indenture (other than the Series Supplement which shall not be subject to the Kansas Commission Condition (as described in this Section 9.03)) shall be effective if such supplemental indenture or indentures increases Ongoing Financing Costs, except upon satisfaction of the conditions precedent in this Section 9.03.
The Issuer agrees to give the Indenture Trustee, the Kansas Commission and the Rating Agencies prompt written notice in the form of an Officer’s Certificate of each Default or Event of Default hereunder as provided in Section 5.01, and upon the actual knowledge of a Responsible Officer of the Issuer thereof each default on the part of the Seller or the Servicer of its obligations under the Sale Agreement or the Servicing Agreement, respectively.
Notice of any such appointment shall be promptly given to each Rating Agency and to the Kansas Commission by the Indenture Trustee.
The Seller hereby agrees not to withdraw the filing of the Issuance Advice Letter with the Kansas Commission.
The Servicer shall hold the Securitized Utility Tariff Property Records on behalf of the Issuer and maintain such accurate and complete accounts, records and computer systems pertaining to the Securitized Utility Tariff Property Records as shall enable the Issuer, the Kansas Commission and the Indenture Trustee, as applicable, to comply with this Servicing Agreement, the Sale Agreement and the Indenture.
Except as permitted by Section 6.03, a Person shall qualify as a Successor Servicer only if (i) such Person is permitted under Kansas Commission Regulations to perform the duties of the Servicer, (ii) the Rating Agency Condition shall have been satisfied, and (iii) such Person enters into a servicing agreement with the Issuer having substantially the same provisions as this Servicing Agreement.
Notwithstanding anything to the contrary contained herein, for the avoidance of doubt, any right, remedy or claim to which any Customer may be entitled pursuant to the Financing Order and to this Servicing Agreement may be asserted or exercised only by the Kansas Commission (or by the Attorney General of the State of Kansas in the name of the Kansas Commission) for the benefit of such Customer.
In addition, the Kansas Commission may at any time order the Servicer to account for any interest earnings, if any, on Securitized Utility Tariff Charge Collections.
Notwithstanding the foregoing, no Successor Servicer shall begin providing service until (i) the date the Kansas Commission approves the appointment of the Successor Servicer or (ii) if the Kansas Commission does not act to either approve or reject the appointment within 30 days after notice of such proposed appointment is given to the Kansas Commission.
Anything to the contrary notwithstanding, the duties of the Servicer set forth in this Servicing Agreement shall be qualified in their entirety by any Kansas Commission Regulations, the Financing Order and the federal securities laws and the rules and regulations promulgated thereunder, including without limitation, Regulation AB and Rule 17g-5, as in effect at the time such duties are to be performed.