Common use of Transition Property Clause in Contracts

Transition Property. Custody of the Series 2003-1 Transition Property Records To assure uniform quality in servicing the Series 2003-1 Transition Property and to reduce administrative costs, the Issuer hereby revocably appoints the Servicer, and the Servicer hereby accepts such appointment, to act as the agent of the Issuer and the Indenture Trustee as custodian of any and all documents and records that the Seller shall keep on file, in accordance with its customary procedures, relating to the Series 2003-1 Transition Property, including copies of the Financing Order, any Issuance Advice Letters, Tariffs and Amendatory Tariffs relating thereto and all Series 2003-1 Transition Property Records which are hereby constructively delivered to the Indenture Trustee, as pledgee of the Issuer with respect to all Series 2003-1 Transition Property.

Transition Property. Custody of the Series 2003-1 Transition Property Records To assure uniform quality in servicing the Series 2003-1 Transition Property and to reduce administrative costs, the Issuer hereby revocably appoints the Servicer, and the Servicer hereby accepts such appointment, to act as the agent of the Issuer and the Indenture Trustee as custodian of any and all documents and records that the Seller shall keep on file, in accordance with its customary procedures, relating to the Series 2003-1 Transition Property, including copies of the Financing Order, any Issuance Advice Letters, Tariffs Tariff and Amendatory Tariffs relating thereto and all Series 2003-1 Transition Property Records which are hereby constructively delivered to the Indenture Trustee, as pledgee of the Issuer with respect to all Series 2003-1 Transition Property.