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The term \u201cSecuritization Property\u201d when used with respect to Consumers Energy means and includes the rights of Consumers Energy that exist prior to the time that such rights are first transferred in connection with the issuance of the Securitization Bonds so as to become Securitization Property in accordance with Section 10j(2) of the Securitization Law and the Financing Order.", "hash": "ded2fa68a7f9a67f642257d496b329c4", "id": 3}, {"samples": [{"hash": "lN2owRVLjOQ", "uri": "/contracts/lN2owRVLjOQ#securitization-property", "label": "Administration Agreement (Consumers 2023 Securitization Funding LLC)", "score": 34.9438743591, "published": true}, {"hash": "ku71dIPPxGi", "uri": "/contracts/ku71dIPPxGi#securitization-property", "label": "Intercreditor Agreement (Consumers 2023 Securitization Funding LLC)", "score": 34.9438743591, "published": true}, {"hash": "8kxxAG24v55", "uri": "/contracts/8kxxAG24v55#securitization-property", "label": "Securitization Property Servicing Agreement (Consumers 2023 Securitization Funding LLC)", "score": 34.9438743591, "published": true}], "snippet_links": [{"key": "defined-in-section", "type": "clause", "offset": [37, 55]}, {"key": "the-statute", "type": "definition", "offset": [66, 77]}, {"key": "the-financing-order", "type": "clause", "offset": [98, 117]}, {"key": "right-to", "type": "definition", "offset": [155, 163]}, {"key": "securitization-charges", "type": "definition", "offset": [196, 218]}, {"key": "provide-the", "type": "clause", "offset": [245, 256]}, {"key": "recovery-of", "type": "clause", "offset": [262, 273]}, {"key": "qualified-costs", "type": "definition", "offset": [278, 293]}, {"key": "periodic-adjustments", "type": "clause", "offset": [341, 361]}, {"key": "arising-out-of", "type": "definition", "offset": [484, 498]}, {"key": "rights-and-interests", "type": "definition", "offset": [503, 523]}, {"key": "the-term", "type": "definition", "offset": [570, 578]}, {"key": "with-respect-to", "type": "clause", "offset": [615, 630]}, {"key": "consumers-energy", "type": "definition", "offset": [631, 647]}, {"key": "rights-of", "type": "definition", "offset": [671, 680]}, {"key": "prior-to-the", "type": "clause", "offset": [709, 721]}, {"key": "such-rights", "type": "definition", "offset": [732, 743]}, {"key": "in-connection-with", "type": "clause", "offset": [766, 784]}, {"key": "the-securitization-bonds", "type": "clause", "offset": [801, 825]}, {"key": "in-accordance-with", "type": "definition", "offset": [866, 884]}], "size": 13, "snippet": "means all securitization property as defined in Section 10h(j) of the Statute created pursuant to the Financing Order and under the Statute, including the right to impose, collect and receive the Securitization Charges in an amount necessary to provide the full recovery of all Qualified Costs, the right under the Financing Order to obtain periodic adjustments of Securitization Charges under Section 10k(3) of the Statute and all revenue, collections, payments, moneys and proceeds arising out of the rights and interests described under Section 10(j) of the Statute. The term \u201cSecuritization Property\u201d when used with respect to Consumers Energy means and includes the rights of Consumers Energy that exist prior to the time that such rights are first transferred in connection with the issuance of the Securitization Bonds so as to become Securitization Property in accordance with Section 10j(2) of the Statute and the Financing Order.", "hash": "71a0162ac400f68ad247db079672b96c", "id": 4}, {"samples": [{"hash": "kBDQ3cUZcYV", "uri": "/contracts/kBDQ3cUZcYV#securitization-property", "label": "Servicing Agreement (Consumers Energy Co Financing V)", "score": 18.0, "published": true}, {"hash": "eb1tQjSUca6", "uri": "/contracts/eb1tQjSUca6#securitization-property", "label": "Indenture (Consumers Energy Co Financing V)", "score": 18.0, "published": true}, {"hash": "dyc7KqR2wEB", "uri": "/contracts/dyc7KqR2wEB#securitization-property", "label": "Servicing Agreement (Consumers Funding LLC)", "score": 18.0, "published": true}], "snippet_links": 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provide the full recovery of all Qualified Costs, the right under the Financing Order to obtain periodic adjustments of Securitization Charges under Section 10k(3) of the Securitization Law and all revenue, collections, payments, moneys and proceeds arising out of the rights and interests described under Section 10(j) of the Securitization Law.", "hash": "d8f4c2888602906738271a336c4f4402", "id": 9}, {"samples": [{"hash": "jOMHDaR1DWp", "uri": "/contracts/jOMHDaR1DWp#securitization-property", "label": "Limited Liability Company Agreement (Consumers 2023 Securitization Funding LLC)", "score": 34.9438743591, "published": true}, {"hash": "iaz2mQO6XFC", "uri": "/contracts/iaz2mQO6XFC#securitization-property", "label": "Limited Liability Company Agreement (Consumers 2023 Securitization Funding LLC)", "score": 34.9274482727, "published": true}, {"hash": "fFzRh3bacXi", "uri": "/contracts/fFzRh3bacXi#securitization-property", "label": "Limited Liability Company Agreement (Consumers 2023 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Order and under the Statute, including the right to impose, collect and receive the Securitization Charges in an amount necessary to provide the full recovery of all Qualified Costs, the right under the Financing Order to obtain periodic adjustments of Securitization Charges under Section 10k(3) of the Statute and all revenue, collections, payments, moneys and proceeds arising out of the rights and interests described under Section 10(j) of the Statute.", "hash": "ccd843eb91aa23cff579803e7e0a91e7", "id": 10}], "next_curs": "CmQSXmoVc35sYXdpbnNpZGVyY29udHJhY3RzckALEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIgc2VjdXJpdGl6YXRpb24tcHJvcGVydHkjMDAwMDAwMGEMogECZW4YACAA", "definition": {"size": 157, "title": "Securitization Property", "snippet": "means the property described in section 10j.", "id": "securitization-property", "examples": ["As soon as practicable after receipt by the Servicer of such Termination Notice, the Servicer shall deliver the <strong>Securitization Property</strong> Records to the successor Servicer.", "The Servicer shall follow such customary and usual practices and procedures as it shall deem necessary or advisable in its servicing of all or any portion of the <strong>Securitization Property</strong>, which, in the Servicer\u2019s judgment, may include the taking of legal action, at the Issuer\u2019s expense but subject to the priority of payments set forth in Section 8.02(e) of the Indenture.", "Notwithstanding any other provision herein, the Issuer shall have dominion and control over the <strong>Securitization Property</strong>, and the Servicer, in accordance with the terms hereof, is acting solely as the servicing agent and custodian for the Issuer with respect to the <strong>Securitization Property</strong> and the <strong>Securitization Property</strong> Records.", "Nothing in this Servicing Agreement, whether express or implied, shall be construed to give to any other Person any legal or equitable right, remedy or claim in the <strong>Securitization Property</strong> or Securitization Bond Collateral or under or in respect of this Servicing Agreement or any covenants, conditions or provisions contained herein.", "Upon instruction from the Indenture Trustee in accordance with the Indenture, the Servicer shall release any <strong>Securitization Property</strong> Records to the Indenture Trustee, the Indenture Trustee\u2019s agent or the Indenture Trustee\u2019s designee, as the case may be, at such place or places as the Indenture Trustee may designate, as soon as practicable.", "The Servicer shall hold the <strong>Securitization Property</strong> Records on behalf of the Issuer and the Indenture Trustee and maintain such accurate and complete accounts, records and computer systems pertaining to the <strong>Securitization Property</strong> Records as shall enable the Issuer and the Indenture Trustee, as applicable, to comply with this Servicing Agreement, the Sale Agreement and the Indenture.", "With respect to all or any portion of the <strong>Securitization Property</strong>, the Servicer shall be, and hereby is, authorized and empowered by the Issuer to (a) execute and deliver, on behalf of itself and/or the Issuer, as the case may be, any and all instruments, documents or notices, and (b) on behalf of itself and/or the Issuer, as the case may be, make any filing and participate in proceedings of any kind with any Governmental Authority, including with the Commission.", "Not applicable; no removals or substitutions of <strong>Securitization Property</strong> are contemplated or allowed under the transaction documents.", "The Servicer\u2019s duties to hold the <strong>Securitization Property</strong> Records set forth in this Section 5.02, to the extent the <strong>Securitization Property</strong> 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 the Servicer is succeeded by a successor Servicer in accordance with Article VII and (ii) the first date on which no Securitization Bonds are Outstanding.", "Nothing herein shall be deemed to require an initial review or any periodic review by the Issuer or the Indenture Trustee of the <strong>Securitization Property</strong> Records."], "related": [["securitization-assets", "Securitization Assets", "Securitization Assets"], ["securitization-asset", "Securitization Asset", "Securitization Asset"], ["securitization", "Securitization", "Securitization"], ["permitted-securitization", "Permitted Securitization", "Permitted Securitization"], ["securitization-financing", "Securitization Financing", "Securitization Financing"]], "related_snippets": [], "updated": "2026-03-01T05:21:46+00:00"}, "json": true, "cursor": ""}}