Intangible Transition Property Documentation definition
Examples of Intangible Transition Property Documentation in a sentence
All reasonable costs and expenses (including attorneys fees and expenses) incurred in connection with transferring the Intangible Transition Property Documentation to the successor Servicer and amending this Agreement 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.
As soon as practicable after receipt by the Servicer of such Termination Notice, the Servicer shall deliver the Intangible Transition Property Documentation to the successor Servicer.
To assure uniform quality in servicing the Serviced Intangible Transition Property and to reduce administrative costs, the Servicer shall keep on file, in accordance with its customary procedures, all documents relating to the Intangible Transition Property, including copies of the Qualified Rate Order and all documents filed with the PUC in connection with any Intangible Transition Charges Adjustment (collectively, the "Intangible Transition Property Documentation").
The Servicer shall promptly report to each Issuer and each Bond Trustee any failure on the Servicer's part to hold the Intangible Transition Property Documentation and maintain its accounts, records and computer systems as herein provided and promptly take appropriate action to remedy any such failure.
The Servicer shall maintain the Intangible Transition Property Documentation at ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇ or at such other office as shall be specified to each Issuer and each Bond Trustee by written notice not later than 30 days prior to any change in location.
The Servicer shall permit each Issuer and each Bond Trustee or their respective duly authorized representatives, attorneys, agents or auditors at any time during normal business hours to inspect, audit and make copies of and abstracts from the Servicer's records regarding the Intangible Transition Property and Intangible Transition Charges and the Intangible Transition Property Documentation.
The Servicer shall promptly report to the Issuer and the Bond Trustee any failure on the Servicer's part to hold the Intangible Transition Property Documentation and maintain its accounts, records and computer systems as herein provided and promptly take appropriate action to remedy any such failure.
Nothing herein shall be deemed to require an initial review or any periodic review by the Issuer or the Bond Trustee of the Intangible Transition Property Documentation.
The Servicer shall conduct, or cause to be conducted, periodic audits of the Intangible Transition Property Documentation held by it under this Agreement and of the related accounts, records and computer systems, in such a manner as shall enable each Issuer and each Bond Trustee, as pledgee of the applicable Issuer, to verify the accuracy of the Servicer's record keeping.
Nothing herein shall be deemed to require an initial review or any periodic review by any Issuer or any Bond Trustee of the Intangible Transition Property Documentation.