Recovery Property Records. The Servicer’s duties to hold the Phase-In-Recovery Property Records on behalf of the Bond Issuer set forth in this Section 5.02, to the extent such Phase-In-Recovery Property Records have not been previously transferred to a successor Servicer pursuant to Article VII, shall terminate one year and one day after the earlier of the date on which (i) the Servicer is succeeded by a successor Servicer in accordance with Article VII hereof and (ii) no Bonds are outstanding.
Appears in 5 contracts
Samples: Servicing Agreement (FirstEnergy Ohio PIRB Special Purpose Trust 2013), Servicing Agreement (FirstEnergy Ohio PIRB Special Purpose Trust 2013), Servicing Agreement (FirstEnergy Ohio PIRB Special Purpose Trust 2013)
Recovery Property Records. The Servicer’s duties to hold the Phase-In-Recovery Property Records on behalf of the Bond Issuer set forth in this Section 5.02, to the extent such the Phase-In-Recovery Property Records have not been previously transferred to a successor Servicer pursuant to Article VII, shall terminate one year and one day after the earlier of (i) the date on which (i) the Servicer is succeeded by a successor Servicer in accordance with Article VII hereof and (ii) the first date on which no Phase-In-Recovery Bonds are outstandingOutstanding.
Appears in 3 contracts
Samples: Servicing Agreement (Ohio Phase-in-Recovery Funding LLC), Servicing Agreement (Ohio Phase-in-Recovery Funding LLC), Servicing Agreement (Ohio Phase-in-Recovery Funding LLC)
