Appointment of Servicer; Acceptance of Appointment Sample Clauses

Appointment of Servicer; Acceptance of Appointment. The Issuer hereby appoints the Servicer, and the Servicer hereby accepts such appointment, to perform the Servicer’s obligations pursuant to this Agreement on behalf of and for the benefit of the Issuer or any assignee thereof in accordance with the terms of this Agreement and applicable law. This appointment and the Servicer’s acceptance thereof may not be revoked except in accordance with the express terms of this Agreement.
Appointment of Servicer; Acceptance of Appointment. 1 Section 2.02. Authorization..............................................2 Section 2.03. Dominion and Control Over the Storm-Recovery Property......2 ARTICLE THREE BILLING SERVICES
Appointment of Servicer; Acceptance of Appointment. 6 Section 2.02. Authorization..........................................6 Section 2.03. Dominion and Control Over the Transition Property......7
Appointment of Servicer; Acceptance of Appointment. Subject to Public Service Company of New Hampshire Not to Resign as Servicer. Subject to the provisions of Merger or Consolidation of, or Assumption of the Obligations of, Servicer. Any Person (a) into which the Servicer may be merged or consolidated, (b) which may result from any merger or consolidation to which the Servicer shall be a party or (c) which may succeed to the properties and assets of the Servicer substantially as a whole, which Person in any of the foregoing cases executes an agreement of assumption to perform every obligation of the Servicer hereunder, shall be the successor to the Servicer under this Agreement without further act on the part of any of the parties to this Agreement; provided, however, that (i) immediately after giving effect to such transaction, no Servicer Default and no event which, after notice or lapse of time, or both, would become a Servicer Default shall have occurred and be continuing, (ii) the Servicer shall have delivered to the Issuer and the Trustee an Officers' Certificate stating that such consolidation, merger or succession and such agreement of assumption comply with this Section and that all conditions precedent provided for in this Agreement relating to such transaction have been complied with, (iii) the Servicer shall have delivered to the Issuer and the Trustee an Opinion of Counsel stating that, in the opinion of such counsel (A) such consolidation, merger or succession and such agreement of assumption comply with this Section and that all conditions precedent provided for in this Agreement relating to such transaction have been complied with and (B) either (1) all filings to be made by the Servicer, including filings with the NHPUC pursuant to the Statute and filings under the applicable Uniform Commercial Code, have been executed and filed that are necessary to preserve and protect fully the interests of the Issuer and the Trustee in the RRB Property and reciting the details of such filings or (2) no such action shall be necessary to preserve and protect such interests and (iv) the Rating Agencies shall have received prior written notice of such transaction. When any Person acquires the properties and assets of the Servicer substantially as a whole and becomes the successor to the Servicer in accordance with the terms of this then upon satisfaction of all of the other conditions of this the Servicer shall automatically and without further notice be released from all its obligations hereunder., Public ...
Appointment of Servicer; Acceptance of Appointment. 4 SECTION 2.02. Authorization. . . . . . . . . . . . . . . . . . . . . . . 4 SECTION 2.03. Dominion and Control Over the Intangible Transition Property . . . . . . . . . . . . . . . . . . . . . . . . . 4 ARTICLE III Billing Services
Appointment of Servicer; Acceptance of Appointment. 14 SECTION 2.02. Authorization.................................................. 14 SECTION 2.03. Dominion and Control Over the Transition Property.............. 15
Appointment of Servicer; Acceptance of Appointment. 2 SECTION 2.02. AUTHORIZATION................................................................ 2 SECTION 2.03. DOMINION AND CONTROL OVER TRANSITION PROPERTY................................ 2 ARTICLE III
Appointment of Servicer; Acceptance of Appointment. 2 SECTION 2.02. Authorization...............................................................................2 SECTION 2.03. Dominion and Control Over the Securitization Property.......................................2

Related to Appointment of Servicer; Acceptance of Appointment

  • ACCEPTANCE OF APPOINTMENT The Sub-Adviser accepts its appointment as sub-adviser to the Portfolio(s) and agrees to render the services herein set forth, for the compensation herein provided. The assets of the Portfolio(s) will be maintained in the custody of a custodian (who shall be identified by the Adviser in writing). The Sub-Adviser will not have custody of any cash, securities or other assets of the Portfolio(s) and will not be liable for any loss resulting from any act or omission of the custodian other than acts or omissions arising in reliance on instructions of the Sub-Adviser.

  • Termination of Appointment 6.1 The Issuer may terminate the appointment of the Calculation Agent at any time by giving to the Calculation Agent at least 45 days' prior written notice to that effect, provided that, so long as any of the Relevant Notes is outstanding:

  • Appointment of Custodian The Trustee may at any time on or after the Closing Date, with the consent of the Depositor and the Servicer, appoint one or more Custodians to hold all or a portion of the Mortgage Files as agent for the Trustee, by entering into a custodial agreement in a form acceptable to the Depositor and the Servicer. Subject to this Article IX, the Trustee agrees to comply with the terms of each Custodial Agreement and to enforce the terms and provisions thereof against the Custodian for the benefit of the Certificateholders. Each Custodian shall be a depository institution subject to supervision by federal or state authority, shall have a combined capital and surplus of at least $10,000,000 and shall be qualified to do business in the jurisdiction in which it holds any Mortgage File.