Common use of Duties of Servicer Generally Clause in Contracts

Duties of Servicer Generally. The Servicer will manage, service, administer and make collections in respect of the Serviced Intangible Transition Property. The Servicer's duties will include (i) calculating and billing the Intangible Transition Charges and collecting (from Customers and Third Parties, as applicable) and posting all ITC Collections; (ii) responding to inquiries by Customers, Third Parties, the PUC, or any Federal, local or other state governmental authorities with respect to the Serviced Intangible Transition Property and Intangible Transition Charges; (iii) accounting for ITC Collections, investigating delinquencies, processing and depositing collections and making periodic remittances, furnishing periodic reports to the Issuers, the Bond Trustees and the Rating Agencies; (iv) selling, as the agent for each Issuer, as its interest may appear, defaulted or written off accounts in accordance with the Servicer's usual and customary practices; and (v) taking action in connection with