REQUEST OF THE ISSUER,
THE TRUSTEE, THE LPSC OR ANY RATING AGENCY, THE SERVICER SHALL PROVIDE TO THE
ISSUER, THE TRUSTEE, THE LPSC OR SUCH RATING AGENCY, AS THE CASE MAY BE, ANY
PUBLIC FINANCIAL INFORMATION IN RESPECT OF THE SERVICER, OR ANY MATERIAL
INFORMATION REGARDING THE STORM RECOVERY PROPERTY TO THE EXTENT IT IS REASONABLY
AVAILABLE TO THE SERVICER, THAT MAY BE REASONABLY NECESSARY AND PERMITTED BY LAW
FOR THE ISSUER, THE TRUSTEE, THE LPSC OR SUCH RATING AGENCY TO MONITOR THE
PERFORMANCE BY THE SERVICER HEREUNDER. IN ADDITION, SO LONG AS ANY
4
OF THE STORM RECOVERY BONDS ARE OUTSTANDING, THE SERVICER SHALL PROVIDE TO THE
ISSUER, TO THE LPSC AND TO THE TRUSTEE, WITHIN A REASONABLE TIME AFTER WRITTEN
REQUEST THEREFOR, ANY INFORMATION AVAILABLE TO THE SERVICER OR REASONABLY
OBTAINABLE BY IT THAT IS NECESSARY TO CALCULATE THE STORM RECOVERY CHARGES
APPLICABLE TO EACH CUSTOMER CLASS.
(III)
PREPARATION OF REPORTS. THE SERVICER SHALL PREPARE AND DELIVER
SUCH ADDITIONAL REPORTS AS REQUIRED UNDER THIS AGREEMENT, INCLUDING A COPY OF
EACH SEMI-ANNUAL SERVICER'S CERTIFICATE DESCRIBED IN SECTION 6.13, THE ANNUAL
SERVICER'S REGULATION AB COMPLIANCE CERTIFICATE AND CERTIFICATE OF COMPLIANCE
DESCRIBED IN SECTION 3.03, AND THE ANNUAL ACCOUNTANT'S REPORT DESCRIBED IN
SECTION 3.04. IN ADDITION, THE SERVICER SHALL PREPARE, PROCURE, DELIVER AND/OR
FILE, OR CAUSE TO BE PREPARED, PROCURED, DELIVERED OR FILED, ANY REPORTS,
ATTESTATIONS, EXHIBITS, CERTIFICATES OR OTHER DOCUMENTS REQUIRED TO BE DELIVERED
OR FILED WITH THE SEC (AND/OR ANY OTHER GOVERNMENTAL AUTHORITY) BY THE ISSUER OR
THE SPONSOR UNDER THE FEDERAL SECURITIES OR OTHER APPLICABLE LAWS OR IN
ACCORDANCE WITH THE BASIC DOCUMENTS, INCLUDING, BUT WITHOUT LIMITING THE
GENERALITY OF FOREGOING, FILING WITH THE SEC, IF APPLICABLE, A COPY OR COPIES OF
(I) THE SEMI-ANNUAL SERVICER'S CERTIFICATES DESCRIBED IN SECTION 6.13 (UNDER
FORM 10-D OR ANY OTHER APPLICABLE FORM), (III) THE ANNUAL STATEMENTS OF
COMPLIANCE, ATTESTATION REPORTS AND OTHER CERTIFICATES DESCRIBED IN
SECTION 3.03, AND (IV) THE ANNUAL ACCOUNTANT'S REPORT (AND ANY ATTESTATION
REQUIRED UNDER REGULATION AB) DESCRIBED IN SECTION 3.04. IN ADDITION, THE
APPROPRIATE OFFICER OR OFFICERS OF THE SERVICER SHALL (IN ITS SEPARATE CAPACITY
AS SERVICER) SIGN THE SPONSOR'S ANNUAL REPORT ON FORM 10-K (AND ANY OTHER
APPLICABLE SEC OR OTHER REPORTS, ATTESTATIONS, CERTIFICATIONS AND OTHER
DOCUMENTS), TO THE EXTENT THAT THE SERVICER'S SIGNATURE IS REQUIRED BY, AND
CONSISTENT WITH, THE FEDERAL SECURITIES LAW AND/OR ANY OTHER APPLICABLE LAW.
(C)
OPINIONS OF COUNSEL.
THE SERVICER SHALL DELIVER TO THE ISSUER, TO THE LPSC AND TO THE TRUSTEE:
(I)
PROMPTLY AFTER THE EXECUTION AND DELIVERY OF THIS AGREEMENT AND
OF EACH AMENDMENT HERETO, AN OPINION OF COUNSEL EITHER:
(A)
ALL ACTIONS OR FILINGS (INCLUDING FILINGS WITH THE LOUISIANA UCC
FILING OFFICER IN ACCORDANCE WITH THE RULES PRESCRIBED UNDER THE SECURITIZATION
ACT AND THE UCC) NECESSARY TO PERFECT THE LIEN AND SECURITY INTEREST CREATED BY
THE INDENTURE HAVE BEEN TAKEN OR MADE, AND RECITING THE DETAILS OF SUCH ACTIONS
AND FILINGS, OR
(B)
NO SUCH ACTIONS OR FILINGS ARE NECESSARY TO PERFECT SUCH LIEN AND
SECURITY INTEREST.