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Title: |
Transition Property Servicing Agreement |
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Entities: |
Oncor Electric Delivery Transition Bond Co LLC; Bank of New York |
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Date: |
2004 |
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Size: |
Preview shows 5KB of 164KB total |
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Price: |
$42 |
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ID: |
#1876590 |
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SERIES 2004-1
TRANSITION PROPERTY SERVICING AGREEMENT
BETWEEN
TXU ELECTRIC DELIVERY TRANSITION BOND COMPANY LLC
ISSUER
AND
TXU ELECTRIC DELIVERY COMPANY
SERVICER
DATED AS OF JUNE 7, 2004
{PAGE}
TABLE OF CONTENTS
PAGE
ARTICLE I DEFINITIONS..............................................2
SECTION 1.01. Definitions..............................................2
SECTION 1.02. Other Definitional Provisions............................3
ARTICLE II APPOINTMENT AND AUTHORIZATION............................4
SECTION 2.01. Appointment of Servicer; Acceptance of Appointment.......4
SECTION 2.02. Authorization............................................4
SECTION 2.03. Dominion and Control Over the Series 2004-1
Transition Property.................................4
ARTICLE III ROLE OF SERVICER.........................................4
SECTION 3.01. Duties of Servicer.......................................4
SECTION 3.02. Servicing and Maintenance Standards......................6
SECTION 3.03. Certificate of Compliance................................7
SECTION 3.04. Annual Report by Independent Public Accountants..........7
SECTION 3.05. Monitoring of Third-Party Collectors.....................8
ARTICLE IV SERVICES RELATED TO TRUE-UP ADJUSTMENTS.................10
SECTION 4.01. True-Up Adjustments.....................................11
SECTION 4.02. Limitation of Liability.................................13
ARTICLE V THE SERIES 2004-1 TRANSITION PROPERTY...................14
SECTION 5.01. Custody of the Series 2004-1 Transition
Property Records...................................14
SECTION 5.02. Duties of Servicer as Custodian.........................14
SECTION 5.03. Instructions; Authority to Act..........................16
SECTION 5.04. Custodian's Indemnification.............................16
SECTION 5.05. Effective Period and Termination........................16
ARTICLE VI THE SERVICER............................................16
SECTION 6.01. Representations and Warranties of Servicer..............16
SECTION 6.02. Indemnities of Servicer; Release of Claims..............18
SECTION 6.03. Binding Effect of Servicing Obligations.................20
SECTION 6.04. Limitation on Liability of Servicer and Others..........21
SECTION 6.05. TXU Electric Not to Resign as Servicer..................21
SECTION 6.06. Servicing Compensation..................................22
SECTION 6.07. Compliance with Applicable Law..........................23
SECTION 6.08. Access to Certain Records and Information
Regarding the Series 2004-1 Transition
Property...........................................23
SECTION 6.09. Appointments............................................23
SECTION 6.10. No Servicer Advances....................................23
SECTION 6.11. Remittances.............................................23
SECTION 6.12. Maintenance of Operations...............................25
SECTION 6.13. Covenants of Servicer...................................25
i
{PAGE}
ARTICLE VII DEFAULT.................................................25
SECTION 7.01. Servicer Default........................................25
SECTION 7.02. Appointment of Successor................................27
SECTION 7.03. Waiver of Past Defaults.................................28
SECTION 7.04. Notice of Servicer Default..............................28
SECTION 7.05. Cooperation with Successor..............................28
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