Common use of Transition Charges Clause in Contracts

Transition Charges. As soon as practicable after receipt by the Servicer of such Termination Notice, the Servicer shall deliver the Series 2003-1 Transition Property Records to the successor Servicer. In case a successor Servicer is appointed as a result of a Servicer Default, all reasonable costs and expenses (including reasonable attorney's fees and expenses) incurred in connection with transferring the Series 2003-1 Transition Property Records to the successor Servicer and amending this Agreement or any intercreditor agreement to which the Issuer and the Servicer are parties to reflect such succession as Servicer pursuant to this Section shall be paid by the predecessor Servicer upon presentation of reasonable documentation of such costs and expenses [or, if the predecessor Servicer fails to pay, such costs and expenses shall be reimbursable pursuant to Section 8.02(e)(iii) of the Indenture]. In no event shall the Indenture Trustee be responsible for the costs and expenses incurred in the transfer of the Series 2003-1 Transition Property Records to a successor Servicer. Termination of Oncor as Servicer shall not terminate Oncor's rights or obligations under the Sale Agreement or any intercreditor agreement to which the Issuer and the Servicer are parties (except rights thereunder deriving from its rights as the Servicer hereunder).

Transition Charges. As soon as practicable after receipt by the Servicer of such Termination Notice, the Servicer shall deliver the Series 20032004-1 Transition Property Records to the successor Servicer. In case a successor Servicer is appointed as a result of a Servicer Default, all reasonable costs and expenses (including reasonable attorney's fees and expenses) incurred in connection with transferring the Series 20032004-1 Transition Property Records to the successor Servicer and amending this Agreement or any intercreditor agreement to which the Issuer and the Servicer are parties to reflect such succession as Servicer pursuant to this Section shall be paid by the predecessor Servicer upon presentation of reasonable documentation of such costs and expenses [or, if the predecessor Servicer fails to pay, such costs and expenses shall be reimbursable pursuant to Section 8.02(e)(iii) of the Indenture]. In no event shall the Indenture Trustee be responsible for the costs and expenses incurred in the transfer of the Series 20032004-1 Transition Property Records to a successor Servicer. Termination of Oncor TXU Electric as Servicer shall not terminate OncorTXU Electric's rights or obligations under the Sale Agreement or any intercreditor agreement to which the Issuer and the Servicer are parties (except rights thereunder deriving from its rights as the Servicer hereunder).