Transition Costs definition

Transition Costs means the reasonable costs and expenses (including reasonable attorneys’ fees but excluding overhead) incurred or payable by the Successor Servicer in connection with the transfer of servicing (whether due to termination, resignation or otherwise), including allowable compensation of employees and overhead costs incurred or payable in connection with the transfer of the Receivable Files or any amendment to the Sale and Servicing Agreement required in connection with the transfer of servicing.

Transition Costs shall have the meaning specified in Section 8.2(b) of the Sale and Servicing Agreement.

Transition Costs shall have the meaning specified in Section 8.2(b).

Examples of Transition Costs in a sentence

• All Transition Costs shall be paid by the outgoing Servicer (or by the initial Servicer if the outgoing Servicer is the Indenture Trustee acting on an interim basis) upon presentation of reasonable documentation of such costs and expenses.

• Any such Transition Costs not paid by the outgoing Servicer shall be paid solely from the application of Available Funds pursuant to Sections 2.8(a)(ii) and (xiii) or Section 5.4(b)(ii) of the Indenture, as applicable.

• By Order dated June 8, 2006, the BPU approved the securitization of Deferred BGS Transition Costs.

• Any such Transition Costs not paid by the outgoing Servicer shall be paid solely from the application of Available Funds pursuant to Section 2.8(a)(ii) and (xiii) or Section 5.4(b)(ii) of the Indenture, as applicable.

• Effective November 15, 2021, the MTC/NGC Factor shall be -$0.000215 per KWH (excluding SUT), with the DB-TBC and DB-MTC-Tax associated with the securitization of Deferred BGS Transition Costs at zero Rate.

More Definitions of Transition Costs

Transition Costs means the reasonable costs and expenses incurred by the Backup Servicer in transitioning to Servicer; provided, however, that the Administrative Agent’s consent shall be required if such Transition Costs exceed $50,000.00 in the aggregate.

Transition Costs means all reasonable costs and expenses incurred by the Back-Up Servicer in connection with a transfer of servicing.

Transition Costs means any documented expenses and allocated cost of personnel reasonably incurred by the Backup Servicer in connection with a transfer of servicing from the Servicer to the Backup Servicer as the successor Servicer; provided, that such expenses and allocated costs do not exceed $60,000.

Transition Costs means all reasonable costs and expenses incurred by the Back-Up Servicer in connection with a transfer of servicing in accordance with the Back-Up Servicing Agreement (including for the avoidance of doubt during the Servicing Centralization Period).

Transition Costs means the value of the above-market costs of an uneconomic utility investment.

Transition Costs has the meaning set forth in Section 6.3(a).

Transition Costs has the meaning specified in the Sale and Servicing Agreement.