ASSIGNMENT TO THE TRUSTEE. (a) The Servicer hereby acknowledges and consents to any pledge, assignment and grant of a security interest by the Issuer to the Trustee pursuant to the Indenture for the benefit of the Transition Bondholders of all right, title and interest of the Issuer in, to and under the Transferred Bondable Transition Property owned by the Issuer and the proceeds thereof and the assignment of any or all of the Issuer's rights hereunder to the Trustee.
Appears in 4 contracts
Samples: Servicing Agreement (Jcp&l Transition Funding LLC), Servicing Agreement (Pse&g Transition Funding LLC), Servicing Agreement (Jcp&l Transition Funding LLC)
ASSIGNMENT TO THE TRUSTEE. (a) The Servicer hereby acknowledges and consents to any pledge, assignment and grant of a security interest by the Issuer to the Trustee pursuant to the Indenture for the benefit of the Transition Securitization Bondholders of all right, title and interest of the Issuer in, to and under the Transferred Bondable Transition Securitization Property owned by the Issuer and the proceeds thereof and the assignment of any or all of the Issuer's rights hereunder to the Trustee.
Appears in 2 contracts
Samples: Securitization Property Servicing Agreement (Detroit Edison Securitization Funding LLC), Securitization Property Servicing Agreement (Detroit Edison Securitization Funding LLC)
