Examples of PSCW Regulations in a sentence
The Servicer (a) shall obtain a calculation of each Customer’s usage (which may be based on data obtained from such Customer’s meter read or on usage estimates determined in accordance with PSCW Regulations) in accordance with the Servicer Policies and Practices and (b) shall determine therefrom Billed EC Charges.
In accordance with the Servicer Policies and Practices, the Servicer shall obtain usage measurements for each Customer; provided, however, that the Servicer may estimate any Customer’s usage determined in accordance with applicable PSCW Regulations.
The Servicer shall not take any action that is not authorized by this Servicing Agreement, that would contravene the Statute, the PSCW Regulations or the Financing Order, that is not consistent with its customary procedures and practices or that shall impair the rights of the Issuer in the Environmental Control Property, in each case unless such action is required by applicable law or court or regulatory order.
Anything to the contrary notwithstanding, the duties of the Servicer set forth in this Servicing Agreement shall be qualified in their entirety by any PSCW Regulations, the Financing Order and the U.S. federal securities laws and the rules and regulations promulgated thereunder, including, without limitation, Regulation AB, as in effect at the time such duties are to be performed.
The Servicer shall immediately notify the Issuer, the Indenture Trustee and the Rating Agencies in writing of any Requirements of Law or PSCW Regulations hereafter promulgated that have a material adverse effect on the Servicer’s ability to perform its duties under this Servicing Agreement.
Notwithstanding anything to the contrary in this Servicing Agreement, the duties of the Servicer set forth in this Servicing Agreement shall be qualified and limited in their entirety by the Statute, the Financing Order and any PSCW Regulations as in effect at the time such duties are to be performed.
A Person shall qualify as a successor Servicer only if (i) such Person is permitted under PSCW 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.