Frequency of Bills; Billing Practices. In accordance with the Servicer’s then-existing Servicer Policies and Practices, as such Servicer Policies and Practices may be modified from time to time, the Servicer shall generate and issue a ▇▇▇▇ to each Customer, or, in the case of a Customer who has elected Consolidated Third Party Billing, to an Applicable Third Party, for such Customer’s respective Transition Bond Charge as a general practice once approximately every thirty days or such other time period as allowed by the BPU, at the same time, with the same frequency and on the same ▇▇▇▇ as that containing the Servicer’s own charges to such Customer or Third Party, as the case may be. In the event that the Servicer makes any material modification to these practices, it shall notify the Issuer, the Trustee and the Rating Agencies as soon as practicable, and in no event later than sixty Business Days after such modification goes into effect; provided, however, that (i) the Servicer may not make any modification that will materially adversely affect the Transition Bondholders and (ii) the Rating Agencies shall receive prior notice of any modification that would change the frequency with which Bills are issued or would change any tariff charged.
Appears in 2 contracts
Sources: Servicing Agreement (JCP&L Transition Funding II LLC), Servicing Agreement (JCP&L Transition Funding II LLC)
Frequency of Bills; Billing Practices. In accordance with the Servicer’s 's then-existing Servicer Policies and PracticesPractices for its own charges, as such Servicer Policies and Practices may be modified from time to time, the Servicer shall generate and issue a ▇▇▇▇ to each Customer, or, in the case of a Customer who has elected Consolidated Third Party Billing, to an Applicable Third Party, for such Customer’s 's respective Intangible Transition Bond Charge as a general practice once approximately every thirty 27 to 33 days or such other time period as allowed by the BPUPUC, at the same time, with the same frequency and on the same ▇▇▇▇ as that containing the Servicer’s 's own charges to such Customer or Third Party, as the case may be. In the event that the Servicer makes any material modification to these practices, it shall notify the each Issuer, the each Bond Trustee and the Rating Agencies as soon as practicable, and in no event later than sixty 60 Business Days after such modification goes into effect; provided, however, that
that (i) the Servicer may not make any modification that will materially adversely affect the Transition Bondholders and
and (ii) the Rating Agencies shall receive prior notice of any modification that would change the frequency with which Bills are issued or would change any tariff charged.
Appears in 2 contracts
Sources: Master Servicing Agreement (Peco Energy Transition Trust), Master Servicing Agreement (Peco Energy Transition Trust)
Frequency of Bills; Billing Practices. In accordance with the Servicer’s 's then-existing Servicer Policies and Practices, as such Servicer Policies and Practices may be modified from time to time, the Servicer shall generate and issue a ▇▇▇▇ Bill to each Customer, or, in the case of a Customer who ▇▇▇ has elected Consolidated Third Party Billing, to an Applicable Third Party, for such Customer’s 's respective Transition Bond Charge as a general practice once approximately every thirty days or such other time period as allowed by the BPU, at the same time, with the same frequency and on the same ▇▇▇▇ Bill as that containing the Servicer’s 's own charges to such t▇ ▇▇ch Customer or Third Party, as the case may be. In the event that the Servicer makes any material modification to these practices, it shall notify the Issuer, the Trustee and the Rating Agencies as soon as practicable, and in no event later than sixty Business Days after such modification goes into effect; provided, however, that
(i) the Servicer may not make any modification that will materially adversely affect the Transition Bondholders and
(ii) the Rating Agencies shall receive prior notice of any modification that would change the frequency with which Bills are issued or would change any tariff charged.
Appears in 1 contract
Frequency of Bills; Billing Practices. In accordance with the Servicer’s 's then-existing Servicer Policies and Practices, as such Servicer Policies and Practices may be modified from time to time, the Servicer shall generate and issue a ▇▇▇▇ Bill to each Customer, or, in the case of a Customer who Custome▇ ▇▇o has elected Consolidated Third Party Billing, to an Applicable Third Party, for such Customer’s 's respective Transition Bond Charge as a general practice once approximately every thirty days or such other time period as allowed by the BPU, at the same time, with the same frequency and on the same ▇▇▇▇ Bill as that containing the Servicer’s 's own charges to such ▇▇ ▇uch Customer or Third Party, as the case may be. In the event that the Servicer makes any material modification to these practices, it shall notify the Issuer, the Trustee and the Rating Agencies as soon as practicable, and in no event later than sixty Business Days after such modification goes into effect; provided, however, that
(i) the Servicer may not make any modification that will materially adversely affect the Transition Bondholders and
(ii) the Rating Agencies shall receive prior notice of any modification that would change the frequency with which Bills are issued or would change any tariff charged.
Appears in 1 contract
Frequency of Bills; Billing Practices. In accordance with the Servicer’s 's then-existing Servicer Policies and Practices, as such Servicer Policies and Practices may be modified from time to time, the Servicer shall generate and issue a ▇▇▇▇ Bill to each Customer, or, in the case of a Customer who has elected Consolidated elect▇▇ ▇onsolidated Third Party Billing, to an Applicable Third Party, for such Customer’s 's respective Transition Bond Charge as a general practice once approximately every thirty 30 days or such other time period as allowed by the BPU, at the same time, with the same frequency and on the same ▇▇▇▇ Bill as that containing the Servicer’s 's own charges to such Customer or Custome▇ ▇▇ Third Party, as the case may be. In the event that the Servicer makes any material modification to these practices, it shall notify the Issuer, the Trustee and the Rating Agencies as soon as practicable, and in no event later than sixty 60 Business Days after such modification goes into effect; provided, however, that:
(i) the Servicer may not make any modification that will materially adversely affect the Transition Bondholders Bondholders, and
(ii) the Rating Agencies shall receive prior notice of any modification that would change the frequency with which Bills are issued or would change any tariff charged.
Appears in 1 contract
Sources: Bondable Transition Property Servicing Agreement (Atlantic City Electric Transition Funding LLC)
Frequency of Bills; Billing Practices. In accordance with the Servicer’s 's then-existing Servicer Policies and PracticesPractices for its own charges, as such Servicer Policies and Practices may be modified from time to time, the Servicer shall generate and issue a ▇▇▇▇ to each Customer, or, in the case of a Customer who has elected Consolidated Third Party Billing, to an Applicable Third Party, for such Customer’s 's respective Intangible Transition Bond Charge as a general practice once approximately every thirty 30 days or such other time period as allowed by the BPUPUC, at the same time, with the same frequency and on the same ▇▇▇▇ as that containing the Servicer’s 's own charges to such Customer or Third Party, as the case may be. In the event that the Servicer makes any material modification to these practices, it shall notify the Issuer, the Trustee and the Rating Agencies as soon as practicable, and in no event later than sixty 60 Business Days after such modification goes into effect; provided, however, that
(i) the Servicer may not make any modification that will materially adversely affect the Transition Bondholders and
(ii) the Rating Agencies shall receive prior notice of any modification that would change the frequency with which Bills are issued or would change any tariff charged.
Appears in 1 contract
Sources: Intangible Transition Property Servicing Agreement (Pp&l Transition Bond Co Inc)
Frequency of Bills; Billing Practices. In accordance with the Servicer’s 's then-existing Servicer Policies and Practices, as such Servicer Policies and Practices may be modified from time to time, the Servicer shall generate and issue a ▇▇▇▇ to each Customer, or, in the case of a Customer who has elected Consolidated Third Party Billing, to an Applicable Third Party, for such Customer’s 's respective Transition Bond Charge as a general practice once approximately every thirty 30 days or such other time period as allowed by the BPU, at the same time, with the same frequency and on the same ▇▇▇▇ as that containing the Servicer’s 's own charges to such Customer or Third Party, as the case may be. In the event that the Servicer makes any material modification to these practices, it shall notify the Issuer, the Trustee and the Rating Agencies as soon as practicable, and in no event later than sixty 60 Business Days after such modification goes into effect; provided, however, that
(i) the Servicer may not make any modification that will materially adversely affect the Transition Bondholders Bondholders, and
(ii) the Rating Agencies shall receive prior notice of any modification that would change the frequency with which Bills are issued or would change any tariff charged.
Appears in 1 contract
Frequency of Bills; Billing Practices. In accordance with the Servicer’s 's then-existing Servicer Policies and Practices, as such Servicer Policies and Practices may be modified from time to time, the Servicer shall generate and issue a ▇▇▇▇ Bill to each Customer, or, in the case of a Customer who has elected Consolidated elect▇▇ ▇onsolidated Third Party Billing, to an Applicable Third Party, for such Customer’s 's respective BGS Transition Bond Charge as a general practice once approximately every thirty 30 days or such other time period as allowed by the BPU, at the same time, with the same frequency and on the same ▇▇▇▇ Bill as that containing the Servicer’s 's own charges to such Customer or Custome▇ ▇▇ Third Party, as the case may be. In the event that the Servicer makes any material modification to these practices, it shall notify the Issuer, the Trustee and the Rating Agencies as soon as practicable, and in no event later than sixty 60 Business Days after such modification goes into effect; provided, however, that
(i) the Servicer may not make any modification that will materially adversely affect the BGS Transition Bondholders Bondholders, and
(ii) the Rating Agencies shall receive prior notice of any modification that would change the frequency with which Bills are issued or would change any tariff charged.
Appears in 1 contract
Sources: BGS Bondable Transition Property Servicing Agreement (PSE&G Transition Funding II LLC)