Common use of Indemnities of Servicer Clause in Contracts

Indemnities of Servicer. Release of Claims 14 SECTION 6.03. Binding Effect of Servicing Obligations 16 SECTION 6.04. Limitation on Liability of Servicer and Others 17 SECTION 6.05. Consumers Energy Not to Resign as Servicer 17 SECTION 6.06. Servicing Compensation 17 SECTION 6.07. Compliance with Applicable Law 18 SECTION 6.08. Access to Certain Records and Information Regarding Securitization Property 19 SECTION 6.09. Appointments 19 SECTION 6.10. No Servicer Advances 19 SECTION 6.11. Remittances 19 SECTION 6.12. Maintenance of Operations 20 ARTICLE VII DEFAULT 20 SECTION 7.01. Servicer Default 20 SECTION 7.02. Appointment of Successor 22 SECTION 7.03. Waiver of Past Defaults 22 SECTION 7.04. Notice of Servicer Default 23 SECTION 7.05. Cooperation with Successor 23 ARTICLE VIII MISCELLANEOUS PROVISIONS 23 SECTION 8.01. Amendment 23 SECTION 8.02. Maintenance of Accounts and Records 23 SECTION 8.03. Notices 24 SECTION 8.04. Assignment 24 SECTION 8.05. Limitations on Rights of Others 24 SECTION 8.06. Severability 25 SECTION 8.07. Separate Counterparts 25 SECTION 8.08. Governing Law 25 SECTION 8.09. Assignment to Indenture Trustee 25 SECTION 8.10. Nonpetition Covenants 25 SECTION 8.11. Limitation of Liability 25 SECTION 8.12. Rule 17g-5 Compliance 26 SECTION 8.13. Indenture Trustee Actions 26 EXHIBITS Exhibit A Servicing Procedures Exhibit B Form of Monthly Servicer’s Certificate Exhibit C Form of Semi-Annual Servicer’s Certificate Exhibit D Form of Servicer Certificate Exhibit E Form of Certificate of Compliance Exhibit F Expected Amortization Schedule APPENDIX Appendix A Definitions and Rules of Construction This SECURITIZATION PROPERTY SERVICING AGREEMENT, dated as of July 22, 2014, is by and between CONSUMERS 2014 SECURITIZATION FUNDING LLC, a Delaware limited liability company, as issuer, and CONSUMERS ENERGY COMPANY, a Michigan corporation, as servicer, and acknowledged and accepted by The Bank of New York Mellon, as indenture trustee.

Indemnities of Servicer. Release of Claims 14 SECTION 6.03. Binding Effect of Servicing Obligations 16 SECTION 6.04. Limitation on Liability of Servicer and Others 17 SECTION 6.05. Consumers Energy Not to Resign as Servicer 17 SECTION 6.06. Servicing Compensation 17 SECTION 6.07. Compliance with Applicable Law 18 SECTION 6.08. Access to Certain Records and Information Regarding Securitization Property 19 SECTION 6.09. Appointments 19 SECTION 6.10. No Servicer Advances 19 SECTION 6.11. Remittances 19 SECTION 6.12. Maintenance of Operations 20 ARTICLE VII DEFAULT 20 SECTION 7.01. Servicer Default 20 SECTION 7.02. Appointment of Successor 22 SECTION 7.03. Waiver of Past Defaults 22 SECTION 7.04. Notice of Servicer Default 23 SECTION 7.05. Cooperation with Successor 23 ARTICLE VIII MISCELLANEOUS PROVISIONS 23 SECTION 8.01. Amendment 23 SECTION 8.02. Maintenance of Accounts and Records 23 SECTION 8.03. Notices 24 SECTION 8.04. Assignment 24 SECTION 8.05. Limitations on Rights of Others 24 SECTION 8.06. Severability 25 SECTION 8.07. Separate Counterparts 25 SECTION 8.08. Governing Law 25 SECTION 8.09. Assignment to Indenture Trustee 25 SECTION 8.10. Nonpetition Covenants 25 SECTION 8.11. Limitation of Liability 25 SECTION 8.12. Rule 17g-5 Compliance 26 SECTION 8.13. Indenture Trustee Actions 26 EXHIBITS Exhibit A Servicing Procedures Exhibit B Form of Monthly Servicer’s Certificate Exhibit C Form of Semi-Annual Servicer’s Certificate Exhibit D Form of Servicer Certificate Exhibit E Form of Certificate of Compliance Exhibit F Expected Amortization Schedule APPENDIX Appendix A Definitions and Rules of Construction This SECURITIZATION PROPERTY SERVICING AGREEMENT, dated as of July 22[ ], 2014, is by and between CONSUMERS 2014 SECURITIZATION FUNDING LLC, a Delaware limited liability company, as issuer, and CONSUMERS ENERGY COMPANY, a Michigan corporation, as servicer, and acknowledged and accepted by The Bank of New York Mellon, as indenture trustee.

Indemnities of Servicer. Release of Claims 14 SECTION 16 Section 6.03. Binding Effect of Servicing Obligations 16 SECTION Obligations. 18 Section 6.04. Limitation on Liability of Servicer and Others 17 SECTION 19 Section 6.05. Consumers Energy ERCOT Not to Resign as Servicer 17 SECTION Servicer. 20 Section 6.06. Servicing Compensation 17 SECTION 20 Section 6.07. Compliance with Applicable Law 18 SECTION 21 Section 6.08. Access to Certain Records and Information Regarding Securitization Uplift Property 19 SECTION 21 Section 6.09. Appointments 19 SECTION 21 Section 6.10. No Servicer Advances 19 SECTION Advances. 21 Section 6.11. Remittances 19 SECTION 6.12. Maintenance of Operations 20 21 ARTICLE VII DEFAULT 20 SECTION 22 Section 7.01. Servicer Default 20 SECTION 22 Section 7.02. Appointment of Successor 22 SECTION 24 Section 7.03. Waiver of Past Defaults 22 SECTION 24 Section 7.04. Notice of Servicer Default 23 SECTION 24 Section 7.05. Cooperation with Successor 23 25 ARTICLE VIII MISCELLANEOUS PROVISIONS 23 SECTION 25 Section 8.01. Amendment 23 SECTION Amendments 25 Section 8.02. Commission Condition 26 Section 8.03. Maintenance of Accounts and Records 23 SECTION 8.0327 Section 8.04. Notices 24 SECTION 8.0428 Section 8.05. Assignment 24 SECTION 8.0528 Section 8.06. Limitations on Rights of Others 24 SECTION 8.0628 Section 8.07. Independent Contractor/Separate Entities 29 Section 8.08. Severability 25 SECTION 8.0729 Section 8.09. Reserved 29 Section 8.10. Separate Counterparts 25 SECTION 8.0829 Section 8.11. Governing Law 25 SECTION 8.09Headings 29 Section 8.12. GOVERNING LAW 29 Section 8.13. Assignment to Indenture Trustee 25 SECTION 8.1030 Section 8.14. Nonpetition Covenants 25 SECTION 8.1130 Section 8.15. Limitation of Liability 25 SECTION 8.1230 Section 8.16. Rule 17g-5 Compliance 26 SECTION 8.13. Indenture Trustee Actions 26 30 EXHIBITS AND SCHEDULES Exhibit A Servicing Procedures Form of Monthly Servicer's Certificate Exhibit B Form of Monthly Servicer’s 's Payment Certificate Exhibit C C-1 Form of Semi-Annual Servicer’s Certificate Exhibit D Form of Servicer Certificate Exhibit E Form of 's Reg AB Certificate of Compliance Exhibit F C-2 Form of Annual Compliance Certificate Schedule 4.01(a) Expected Amortization Schedule APPENDIX Appendix A Definitions and Rules of Construction ANNEXES Annex I ERCOT's Texas Stabilization N Protocols This SECURITIZATION UPLIFT PROPERTY SERVICING AGREEMENTAGREEMENT (this "Agreement"), dated as of July 22June 15, 20142022, is by and between CONSUMERS 2014 SECURITIZATION TEXAS ELECTRIC MARKET STABILIZATION FUNDING N LLC, a Delaware limited liability company, as issuerissuer (the "Issuer"), and CONSUMERS ENERGY COMPANYELECTRIC RELIABILITY COUNCIL OF TEXAS, INC. ("ERCOT"), a Michigan Texas non-profit corporation, as servicer, and acknowledged and accepted by The Bank of New York Mellon, as indenture trusteeservicer (the "Servicer").

Indemnities of Servicer. Release of Claims 14 SECTION 16 Section 6.03. Binding Effect of Servicing Obligations 16 SECTION 6.04. Limitation on Liability of Servicer and Others 17 SECTION 18 Section 6.04. Merger or Consolidation of, or Assumption of the Obligations of, Servicer 18 Section 6.05. Consumers Energy Commonwealth Electric Company Not to Resign as Servicer 17 SECTION 19 Section 6.06. Servicing Compensation 17 SECTION Compensation. 19 Section 6.07. Compliance with Applicable Law 18 SECTION 20 Section 6.08. Access to Certain Records and Information Regarding Securitization Transition Property 19 SECTION 20 Section 6.09. Appointments 19 SECTION 20 Section 6.10. No Servicer Advances 19 SECTION 21 Section 6.11. Remittances 19 SECTION 6.12. Maintenance of Operations 20 21 ARTICLE VII VII. DEFAULT 20 SECTION 21 Section 7.01. Servicer Default 20 SECTION 21 Section 7.02. Appointment of Successor Successor. 22 SECTION Section 7.03. Waiver of Past Defaults 22 SECTION 23 Section 7.04. Notice of Servicer Default 23 SECTION 7.05ARTICLE VIII. Cooperation with Successor 23 ARTICLE VIII MISCELLANEOUS PROVISIONS 23 SECTION Section 8.01. Amendment 23 SECTION Section 8.02. Maintenance of Accounts and Records 23 SECTION Records. 24 Section 8.03. Notices 24 SECTION Section 8.04. Assignment 24 SECTION 26 Section 8.05. Limitations on Rights of Others 24 SECTION Third Parties 26 Section 8.06. Severability 25 SECTION 26 Section 8.07. Separate Counterparts 25 SECTION 27 Section 8.08. Headings 27 Section 8.09. Governing Law 25 SECTION 8.0927 Section 8.10. Assignment to Indenture Note Trustee 25 SECTION 8.1027 Section 8.11. Nonpetition Covenants 25 SECTION 8.11. Limitation of Liability 25 SECTION 8.12. Rule 17g-5 Compliance 26 SECTION 8.13. Indenture Trustee Actions 26 27 EXHIBITS AND SCHEDULES Exhibit A Servicing Procedures Form of Certificate of Compliance Exhibit B Form of Monthly Servicer’s Certificate Routine True-Up Letter Exhibit C Form of Semi-Annual Servicer’s Monthly Servicer Certificate Exhibit D Form of Semiannual Servicer Certificate Exhibit E Form of Certificate of Compliance Exhibit F Annual Reconciliation Schedule 4.01(a) Expected Amortization Schedule APPENDIX Appendix ANNEXES Annex I Servicing Procedures Schedule A Definitions and Rules of Construction to Annex I Additional Servicing Procedures Applicable to TPSs This SECURITIZATION TRANSITION PROPERTY SERVICING AGREEMENT, dated as of July 22, 20142005, is by and between CONSUMERS 2014 SECURITIZATION FUNDING CEC Funding, LLC, a Delaware limited liability company, as issuercompany (the “Note Issuer”), and CONSUMERS ENERGY COMPANYCommonwealth Electric Company, a Michigan Massachusetts corporation, as servicer, and acknowledged and accepted by The Bank of New York Mellon, as indenture trustee.

Indemnities of Servicer. Release of Claims 14 SECTION 15 Section 6.03. Binding Effect of Servicing Obligations 16 SECTION 6.04. Limitation on Liability of Servicer and Others 17 SECTION Section 6.04. Merger or Consolidation of, or Assumption of the Obligations of, Servicer 18 Section 6.05. Consumers Energy Boston Edison Company Not to Resign as Servicer 17 SECTION 18 Section 6.06. Servicing Compensation 17 SECTION Compensation. 18 Section 6.07. Compliance with Applicable Law 18 SECTION 19 Section 6.08. Access to Certain Records and Information Regarding Securitization Transition Property 19 SECTION Section 6.09. Appointments 19 SECTION Section 6.10. No Servicer Advances 19 SECTION 20 Section 6.11. Remittances 19 SECTION 6.12. Maintenance of Operations 20 ARTICLE VII VII. DEFAULT 20 SECTION Section 7.01. Servicer Default 20 SECTION Section 7.02. Appointment of Successor 22 SECTION Successor. 21 Section 7.03. Waiver of Past Defaults 22 SECTION Section 7.04. Notice of Servicer Default 23 SECTION 7.0522 ARTICLE VIII. Cooperation with Successor 23 ARTICLE VIII MISCELLANEOUS PROVISIONS 23 SECTION 22 Section 8.01. Amendment 23 SECTION 22 Section 8.02. Maintenance of Accounts and Records Records. 23 SECTION Section 8.03. Notices 24 SECTION 23 Section 8.04. Assignment 24 SECTION 25 Section 8.05. Limitations on Rights of Others 24 SECTION Third Parties 25 Section 8.06. Severability 25 SECTION 26 Section 8.07. Separate Counterparts 25 SECTION 26 Section 8.08. Headings 26 Section 8.09. Governing Law 25 SECTION 8.0926 Section 8.10. Assignment to Indenture Note Trustee 25 SECTION 8.1026 Section 8.11. Nonpetition Covenants 25 SECTION 8.11. Limitation of Liability 25 SECTION 8.12. Rule 17g-5 Compliance 26 SECTION 8.13. Indenture Trustee Actions 26 EXHIBITS AND SCHEDULES Exhibit A Servicing Procedures Form of Certificate of Compliance Exhibit B Form of Monthly Servicer’s Certificate Routine True-Up Letter Exhibit C Form of Semi-Annual Servicer’s Monthly Servicer Certificate Exhibit D Form of Semiannual Servicer Certificate Exhibit E Form of Certificate of Compliance Exhibit F Annual Reconciliation Schedule 4.01(a) Expected Amortization Schedule APPENDIX Appendix ANNEXES Annex I Servicing Procedures Schedule A Definitions and Rules of Construction to Annex I Additional Servicing Procedures Applicable to TPSs This SECURITIZATION TRANSITION PROPERTY SERVICING AGREEMENT, dated as of July 22, 20142005, is by and between CONSUMERS 2014 SECURITIZATION FUNDING BEC Funding II, LLC, a Delaware limited liability company, as issuercompany (the “Note Issuer”), and CONSUMERS ENERGY COMPANYBoston Edison Company, a Michigan Massachusetts corporation, as servicer, and acknowledged and accepted by The Bank of New York Mellon, as indenture trustee.