Common use of Assumptions Clause in Contracts

Assumptions. On the Closing Date, based upon the information available to the Seller on such date, the assumptions used in calculating the Fixed Recovery Charges are reasonable and are made in good faith. Notwithstanding the foregoing, the Seller makes no representation or warranty, express or implied, that amounts actually collected arising from those Fixed Recovery Charges will in fact be sufficient to meet the payment obligations on the related Recovery Bonds or that the assumptions used in calculating such Fixed Recovery Charges will in fact be realized.

Appears in 21 contracts

Samples: Recovery Property Purchase and Sale Agreement (PACIFIC GAS & ELECTRIC Co), Recovery Property Purchase and Sale Agreement (PG&E Recovery Funding LLC), Recovery Property Purchase and Sale Agreement (PG&E Recovery Funding LLC)

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