Common use of Reports to Customers Clause in Contracts

Reports to Customers. (A) After each revised Transition Charge has gone into effect pursuant to a Transition Charge Adjustment, the Servicer shall, to the extent and in the manner and time frame required by applicable PUCT Regulations, if any, cause to be prepared and delivered to Customers any required notices announcing such revised Transition Charges. (B) The Servicer shall comply with the requirements of the Financing Order and Tariff with respect to the identification of Transition Charges on Bills. In addition, at least once each year, the Servicer shall (to the extent that it does not separately identify the Transition Charges as being owned by the Issuer in the Bills regularly sent to Customers or REPs) cause to be prepared and delivered to such Customers and REPs a notice stating, in effect, that the Transition Property and the Transition Charges are owned by the Issuer and not the Seller. Unless prohibited by applicable PUCT Regulations, the Servicer shall use reasonable efforts to cause each REP, at least once each year, to include similar notices in the bills sent by such REP to Customers indicating additionally that the Transition Charges are not owned by such REP (to the extent that such REP does not include such information in the Bills regularly sent to Customers). Such notice shall be included either as an insert to or in the text of the Bills delivered to such Customers or shall be delivered to Customers by electronic means or such other means as the Servicer or the REPs may from time to time use to communicate with its respective Customers. (C) Except to the extent that applicable PUCT Regulations make the REPs responsible for such costs, or the REPs have otherwise agreed to pay such costs, the Servicer shall pay from its own funds all costs of preparation and delivery incurred in connection with clauses (A) and (B) above, including printing and postage costs.

Appears in 5 contracts

Sources: Transition Property Servicing Agreement, Transition Property Servicing Agreement (CenterPoint Energy Transition Bond Co IV, LLC), Transition Property Servicing Agreement (CenterPoint Energy Transition Bond Co IV, LLC)

Reports to Customers. (A) After each revised Transition System Restoration Charge has gone into effect pursuant to a Transition System Restoration Charge Adjustment, the Servicer shall, to the extent and in the manner and time frame required by applicable PUCT Regulations, if any, cause to be prepared and delivered to Customers any required notices announcing such revised Transition System Restoration Charges. (B) The Servicer shall comply with the requirements of the Financing Order and the Tariff with respect to the identification of Transition System Restoration Charges on Bills. In addition, at least once each year, the Servicer shall (to the extent that it does not separately identify the Transition System Restoration Charges as being owned by the Issuer in the Bills regularly sent to Customers or REPs) cause to be prepared and delivered to such Customers and REPs a notice stating, in effect, that the Transition System Restoration Property and the Transition System Restoration Charges are owned by the Issuer and not the Seller. Unless prohibited by applicable PUCT Regulations, the Servicer shall use reasonable efforts to cause each REP, at least once each year, to include similar notices in the bills sent by such REP to Customers indicating additionally that the Transition System Restoration Charges are not owned by such REP (to the extent that such REP does not include such information in the Bills regularly sent to Customers). Such notice shall be included either as an insert to or in the text of the Bills delivered to such Customers or shall be delivered to Customers by electronic means or such other means as the Servicer or the REPs may from time to time use to communicate with its respective Customers. (C) Except to the extent that applicable PUCT Regulations make the REPs responsible for such costs, or the REPs have otherwise agreed to pay such costs, the Servicer shall pay from its own funds all costs of preparation and delivery incurred in connection with clauses (ASection 4.01(f)(iii)(A) and (B) aboveSection 4.01(f)(iii)(B), including printing and postage costs.

Appears in 5 contracts

Sources: System Restoration Property Servicing Agreement (Centerpoint Energy Houston Electric LLC), System Restoration Property Servicing Agreement (Centerpoint Energy Houston Electric LLC), System Restoration Property Servicing Agreement (Centerpoint Energy Houston Electric LLC)

Reports to Customers. (A) After each revised Transition Charge has gone into effect pursuant to a Transition Charge True-Up Adjustment, the Servicer shall, to the extent and in the manner and time frame required by applicable PUCT Regulations, if any, cause to be prepared and delivered to Customers any required notices announcing such revised Transition System Restoration Charges. (B) The Servicer shall comply with the requirements of the Financing Order and Tariff with respect to the identification of Transition System Restoration Charges on Bills. In addition, at least once each year, the Servicer shall (to the extent that it does not separately identify the Transition System Restoration Charges as being owned by the Issuer in the Bills regularly sent to Customers or any REPs, when and if ETI’s Service Area becomes subject to retail competition) cause to be prepared and delivered to such Customers and REPs a notice stating, in effect, that the Transition Property and the Transition System Restoration Charges are owned by the Issuer and not the Seller. Unless prohibited by applicable PUCT Regulations, the Servicer shall use reasonable efforts to cause each Applicable REP, at least once each year, to include similar notices in the bills sent by such Applicable REP to Customers indicating additionally that the Transition System Restoration Charges are not owned by such Applicable REP (to the extent that such Applicable REP does not include such information in the Bills regularly sent to Customers). Such notice shall be included either as an insert to or in the text of the Bills delivered to such Customers or shall be delivered to Customers by electronic means or such other means as the Servicer or the REPs Applicable REP may from time to time use to communicate with its respective Customers. (C) Except to the extent that applicable PUCT Regulations make the REPs any future Applicable REP responsible for such costs, or the REPs have Applicable REP has otherwise agreed to pay such costs, the Servicer shall pay from its own funds all costs of preparation and delivery incurred in connection with clauses (A) and (B) above, including printing and postage costscosts as the same may increase or decrease from time to time.

Appears in 3 contracts

Sources: Transition Property Servicing Agreement (Entergy Texas, Inc.), Transition Property Servicing Agreement (Entergy Texas, Inc.), Transition Property Servicing Agreement (Entergy Texas, Inc.)

Reports to Customers. (A) After each revised Transition System Restoration Charge has gone into effect pursuant to a Transition Charge True-Up Adjustment, the Servicer shall, to the extent and in the manner and time frame required by applicable PUCT Regulations, if any, cause to be prepared and delivered to Customers any required notices announcing such revised Transition System Restoration Charges. (B) The Servicer shall comply with the requirements of the Financing Order and Tariff with respect to the identification of Transition System Restoration Charges on Bills. In addition, at least once each year, the Servicer shall (to the extent that it does not separately identify the Transition System Restoration Charges as being owned by the Issuer in the Bills regularly sent to Customers or REPs) cause to be prepared and delivered to such Customers and REPs a notice stating, in effect, that the Transition Property and the Transition System Restoration Charges are owned by the Issuer and not the Seller. Unless prohibited by applicable PUCT Regulations, the Servicer shall use reasonable efforts to cause each Applicable REP, at least once each year, to include similar notices in the bills sent by such Applicable REP to Customers indicating additionally that the Transition System Restoration Charges are not owned by such Applicable REP (to the extent that such Applicable REP does not include such information in the Bills regularly sent to Customers)) or the Seller. Such notice shall be included either as an insert to or in the text of the Bills delivered to such Customers or shall be delivered to Customers by electronic means or such other means as the Servicer or the REPs Applicable REP may from time to time use to communicate with its respective Customers. (C) Except to the extent that applicable PUCT Regulations make the REPs Applicable REP responsible for such costs, or the REPs have Applicable REP has otherwise agreed to pay such costs, the Servicer shall pay from its own funds all costs of preparation and delivery incurred in connection with clauses (A) and (B) above, including printing and postage costscosts as the same may increase or decrease from time to time.

Appears in 3 contracts

Sources: Transition Property Servicing Agreement (AEP Texas Restoration Funding LLC), Transition Property Servicing Agreement (AEP Texas Restoration Funding LLC), Transition Property Servicing Agreement (AEP Texas Restoration Funding LLC)

Reports to Customers. (A) After each revised Transition Charge has gone into effect pursuant to a Transition Charge True-Up Adjustment, the Servicer shall, to the extent and in the manner and time frame required by applicable PUCT Regulations, if any, cause to be prepared and delivered to Customers any required notices announcing such revised Transition Charges. (B) The Servicer shall comply with the requirements of the each Financing Order and Tariff with respect to the identification of Transition Charges on Bills. In addition, at least once each year, the Servicer shall (to the extent that it does not separately identify the Transition Charges as being owned by the Issuer in the Bills regularly sent to Customers or REPs) cause to be prepared and delivered to such Customers and REPs a notice stating, in effect, that the Transition Property and the Transition Charges are owned by the Issuer and not the Seller. Unless prohibited by applicable PUCT Regulations, the Servicer shall use reasonable efforts to cause each Applicable REP, at least once each year, to include similar notices in the bills sent by such Applicable REP to Customers indicating additionally that the Transition Charges are not owned by such Applicable REP (to the extent that such Applicable REP does not include such information in the Bills regularly sent to Customers). Such notice shall be included either as an insert to or in the text of the Bills delivered to such Customers or shall be delivered to Customers by electronic means or such other means as the Servicer or the REPs Applicable REP may from time to time use to communicate with its respective Customers. (C) Except to the extent that applicable PUCT Regulations make the REPs Applicable REP responsible for such costs, or the REPs have Applicable REP has otherwise agreed to pay such costs, the Servicer shall pay from its own funds all costs of preparation and delivery incurred in connection with clauses (A) and (B) above, including printing and postage costscosts as the same may increase or decrease from time to time.

Appears in 2 contracts

Sources: Transition Property Servicing Agreement (Aep Texas Central Co), Transition Property Servicing Agreement (Aep Texas Central Co)

Reports to Customers. (A) After each revised Transition Qualified Rate Stabilization Charge has gone into effect pursuant to a Transition Charge True-Up Adjustment, the Servicer shall, to the extent and in the manner and time frame required by applicable PUCT PSC Regulations, if any, cause to be prepared and delivered to Customers any required notices announcing such revised Transition Qualified Rate Stabilization Charges. (B) The Servicer shall comply with the requirements applicable Requirements of the Financing Order and Tariff Law with respect to the identification of Transition Qualified Rate Stabilization Charges on Bills. In addition, at least once each yearand, the Servicer shall (to the extent that it does not separately identify the Transition Charges as being owned by the Issuer in the Bills regularly sent to Customers or REPs) cause to be prepared and delivered to such Customers and REPs a notice statingThird-Party Collectors, in effect, that the Transition Property and Servicer will separately identify the Transition Qualified Rate Stabilization Charges are as being owned by the Issuer and not the SellerIssuer. Unless prohibited by applicable PUCT RegulationsRequirements of Law, the Servicer shall use reasonable efforts to cause each REPApplicable Third-Party Collector, at least once each year, to include similar notices in the bills sent by such REP Applicable Third-Party Collector to Customers indicating additionally that the Transition Qualified Rate Stabilization Charges are not owned by such REP Applicable Third-Party Collector (to the extent that such REP Applicable Third-Party Collector does not include such information in the Bills regularly sent to Customers). Such notice shall be included either as an insert to or in the text of the Bills delivered to such Customers or shall be delivered to Customers by electronic means or such other means as the Servicer or the REPs Applicable Third-Party Collector may from time to time use to communicate with its respective Customers. (C) Except to the extent that applicable PUCT PSC Regulations make the REPs Applicable Third-Party Collector responsible for such costs, or the REPs have Applicable Third-Party Collector has otherwise agreed to pay such costs, the Servicer shall pay from its own funds all costs of preparation and delivery incurred in connection with clauses (A) and (B) above, including printing and postage costscosts as the same may increase or decrease from time to time.

Appears in 2 contracts

Sources: Rate Stabilization Property Servicing Agreement (RSB Bondco LLC), Rate Stabilization Property Servicing Agreement (RSB Bondco LLC)

Reports to Customers. (A) After each revised Transition Charge has gone into effect pursuant to a Transition Charge True-Up Adjustment, the Servicer shall, to the extent and in the manner and time frame required by applicable PUCT Regulations, if any, cause to be prepared and delivered to Customers any required notices announcing such revised Transition Charges. (B) The Servicer shall comply with the requirements of the each Financing Order and Tariff with respect to the identification of Transition Charges on Bills. In addition, at least once each year, the Servicer shall (to the extent that it does not separately identify the Transition Charges as being owned by the Note Issuer in the Bills regularly sent to Customers Applicable REPs or REPsCustomers) cause to be prepared and delivered to REPs and such Customers and REPs a notice stating, in effect, that the Transition Property and the Transition Charges are owned by the Note Issuer and not the Seller. Unless prohibited by applicable PUCT Regulations, the Servicer shall use reasonable efforts to cause each Applicable REP, at least once each year, to include similar notices in the bills sent by such REP Applicable REPs to Customers indicating additionally that the Transition Charges are not owned by such the REP (to the extent that such REP does not include such information in the Bills regularly sent to Customers). Such notice shall be included either as an insert to or in the text of the Bills delivered to such Customers or shall be delivered to Customers by electronic means or such other means as the Servicer or the REPs Applicable REP may from time to time use to communicate with its respective Customerscustomers. (C) Except to the extent that applicable PUCT Regulations make the REPs Applicable REP responsible for such costs, or the REPs have Applicable REP has otherwise agreed to pay such costs, the Servicer shall pay from its own funds all costs of preparation and delivery incurred in connection with clauses (A) and (B) above, including printing and postage costscosts as the same may increase or decrease from time to time.

Appears in 2 contracts

Sources: Transition Property Servicing Agreement (CPL Transition Funding LLC), Transition Property Servicing Agreement (CPL Transition Funding LLC)

Reports to Customers. (A) After each revised Transition Charge has gone into effect pursuant to a Transition Charge True-Up Adjustment, the Servicer shall, to the extent and in the manner and time frame required by applicable PUCT Regulations, if any, cause to be prepared and delivered to Customers any required notices announcing such revised Transition Charges. (B) The Servicer shall comply with the requirements of the Financing Order and Tariff with respect to the identification of Transition Charges on Bills. In addition, at least once each year, the Servicer shall (to the extent that it does not separately identify the Transition Charges as being owned by the Issuer in the Bills regularly sent to Customers or REPs) cause to be prepared and delivered to such Customers and REPs a notice stating, in effect, that the Transition Property and the Transition Charges are owned by the Issuer and not the Seller. Unless prohibited by applicable PUCT Regulations, the Servicer shall use reasonable efforts to cause each Applicable REP, at least once each year, to include similar notices in the bills sent by such Applicable REP to Customers indicating additionally that the Transition Charges are not owned by such Applicable REP (to the extent that such Applicable REP does not include such information in the Bills regularly sent to Customers). Such notice shall be included either as an insert to or in the text of the Bills delivered to such Customers or shall be delivered to Customers by electronic means or such other means as the Servicer or the REPs Applicable REP may from time to time use to communicate with its respective Customers. (C) Except to the extent that applicable PUCT Regulations make the REPs Applicable REP responsible for such costs, or the REPs have Applicable REP has otherwise agreed to pay such costs, the Servicer shall pay from its own funds all costs of preparation and delivery incurred in connection with clauses (A) and (B) above, including printing and postage costscosts as the same may increase or decrease from time to time.

Appears in 2 contracts

Sources: Transition Property Servicing Agreement (AEP Transition Funding III LLC), Transition Property Servicing Agreement (AEP Transition Funding III LLC)

Reports to Customers. (A) After each revised Transition System Restoration Charge has gone into effect pursuant to a Transition System Restoration Charge Adjustment, the Servicer shall, to the extent and in the manner and time frame required by applicable PUCT Regulations, if any, cause to be prepared and delivered to Customers any required notices announcing such revised Transition System Restoration Charges. (B) The Servicer shall comply with the requirements of the Financing Order and Tariff with respect to the identification of Transition System Restoration Charges on Bills. In addition, at least once each year, the Servicer shall (to the extent that it does not separately identify the Transition System Restoration Charges as being owned by the Issuer in the Bills regularly sent to Customers or REPs) cause to be prepared and delivered to such Customers and REPs a notice stating, in effect, that the Transition System Restoration Property and the Transition System Restoration Charges are owned by the Issuer and not the Seller. Unless prohibited by applicable PUCT Regulations, the Servicer shall use reasonable efforts to cause each REP, at least once each year, to include similar notices in the bills sent by such REP to Customers indicating additionally that the Transition System Restoration Charges are not owned by such REP (to the extent that such REP does not include such information in the Bills regularly sent to Customers). Such notice shall be included either as an insert to or in the text of the Bills delivered to such Customers or shall be delivered to Customers by electronic means or such other means as the Servicer or the REPs may from time to time use to communicate with its respective Customers. (C) Except to the extent that applicable PUCT Regulations make the REPs responsible for such costs, or the REPs have otherwise agreed to pay such costs, the Servicer shall pay from its own funds all costs of preparation and delivery incurred in connection with clauses (A) and (B) above, including printing and postage costs.

Appears in 2 contracts

Sources: System Restoration Property Servicing Agreement (CenterPoint Energy Restoration Bond Company, LLC), System Restoration Property Servicing Agreement (CenterPoint Energy Restoration Bond Company, LLC)

Reports to Customers. (A) After each revised Transition Charge has gone into effect pursuant to a Transition Charge True-Up Adjustment, the Servicer shall, to the extent and in the manner and time frame required by applicable PUCT Regulations, if any, cause to be prepared and delivered to Customers any required notices announcing such revised Transition Charges. (B) . The Servicer shall comply with the requirements of the each Financing Order and Tariff with respect to the identification of Transition Charges on Bills. In addition, at least once each year, the Servicer shall (to the extent that it does not separately identify the Transition Charges as being owned by the Issuer in the Bills regularly sent to Customers or any REPs, when and if EGSI's Service Area becomes subject to retail competition) cause to be prepared and delivered to such Customers and REPs a notice stating, in effect, that the Transition Property and the Transition Charges are owned by the Issuer and not the Seller. Unless prohibited by applicable PUCT Regulations, the Servicer shall use reasonable efforts to cause each Applicable REP, at least once each year, to include similar notices in the bills sent by such Applicable REP to Customers indicating additionally that the Transition Charges are not owned by such Applicable REP (to the extent that such Applicable REP does not include such information in the Bills regularly sent to Customers). Such notice shall be included either as an insert to or in the text of the Bills delivered to such Customers or shall be delivered to Customers by electronic means or such other means as the Servicer or the REPs Applicable REP may from time to time use to communicate with its respective Customers. (C) . Except to the extent that applicable PUCT Regulations make the REPs any future Applicable REP responsible for such costs, or the REPs have Applicable REP has otherwise agreed to pay such costs, the Servicer shall pay from its own funds all costs of preparation and delivery incurred in connection with clauses (A) and (B) above, including printing and postage costscosts as the same may increase or decrease from time to time.

Appears in 2 contracts

Sources: Transition Property Servicing Agreement, Transition Property Servicing Agreement (Entergy Gulf States Reconstruction Funding I, LLC)

Reports to Customers. (A) After each revised Transition Charge has gone into effect pursuant to a Transition Charge True-Up Adjustment, the Servicer shall, to the extent and in the manner and time frame required by applicable PUCT Regulations, if any, cause to be prepared and delivered to Customers any required notices announcing such revised Transition Charges. (B) The Servicer shall comply with the requirements of the Financing Order and Tariff with respect to the identification of Transition Charges on Bills. In addition, at least once each year, the Servicer shall (to the extent that it does not separately identify include the Transition Charges as being owned by the Issuer notice described below in the Bills regularly sent to Customers Applicable REPs or REPsCustomers) cause to be prepared and delivered to REPs and such Customers and REPs a notice stating, in effect, that the Transition Property and the Transition Charges are owned by the Note Issuer and not the Seller. Unless prohibited by applicable PUCT Regulations, the The Servicer shall use reasonable efforts to cause each Applicable REP, at least once each year, to include similar notices in the bills sent by such REP Applicable REPs to Customers indicating additionally that the Transition Charges are not owned by such REP (to the extent that such REP does not include such information in the Bills regularly sent to Customers)REP. Such notice shall be included either as an insert to or in the text of the Bills delivered to such Customers or shall be delivered to Customers by electronic means or such other means as the Servicer or the REPs Applicable REP may from time to time use to communicate with its their respective Customerscustomers. (C) Except to the extent that applicable PUCT Regulations make the REPs Applicable REP responsible for such costs, or the REPs have Applicable REP has otherwise agreed to pay such costs, the Servicer shall pay from its own funds all costs of preparation and delivery incurred in connection with clauses (A) and (B) above, including printing and postage costscosts as the same may increase or decrease from time to time.

Appears in 1 contract

Sources: Transition Property Servicing Agreement (Central & South West Corp)

Reports to Customers. (A) After each revised Series 2004-1 Transition Charge has gone into effect pursuant to a Transition Charge True-Up Adjustment, the Servicer shall, to the extent and in the manner and time frame required by applicable PUCT Regulations, if any, cause to be prepared and delivered to Customers any required notices announcing such revised Series 2004-1 Transition Charges. (B) The Servicer shall comply with the requirements of the Financing Order and Tariff with respect to the identification of Series 2004-1 Transition Charges on Bills. In addition, at least once each year, the Servicer shall (to the extent that it does not separately identify the Series 2004-1 Transition Charges as being owned by the Issuer in the Bills regularly sent to Applicable REPs, other Third-Party Collectors or Customers or REPsthat are billed directly by the Servicer) cause to be prepared and delivered to REPs, other Third-Party Collectors and such Customers and REPs a notice stating, in effect, that the Series 2004-1 Transition Property and the Series 2004-1 Transition Charges are owned by the Issuer and not the Seller. Unless prohibited by applicable PUCT Regulations, the Servicer shall use reasonable efforts to cause each REPApplicable REP and any other Third-Party Collector, at least once each year, to include similar notices in the bills sent by such Applicable REP or Third-Party Collector to Customers indicating additionally that the Series 2004-1 Transition Charges are not owned by such the REP or Third-Party Collector (to the extent that such REP or Third-Party Collector does not include such information in the Bills regularly sent to Customers). Such notice shall be included either as an insert to or in the text of the Bills delivered to such Customers or shall be delivered to Customers by electronic means or such other means as the Servicer Servicer, the Applicable REP or the REPs Third-Party Collector may from time to time use to communicate with its respective Customerscustomers. (C) Except to the extent that applicable PUCT Regulations make the REPs Applicable REP or other Third Party Collector responsible for such costs, or the REPs have Applicable REP has otherwise agreed to pay such costs, the Servicer shall pay from its own funds all costs of preparation and delivery incurred in connection with clauses (A) and (B) above, including printing and postage costscosts as the same may increase or decrease from time to time.

Appears in 1 contract

Sources: Transition Property Servicing Agreement (Txu Electric Delivery Transition Bond Co LLC)

Reports to Customers. (A) After each revised Transition Charge has gone into effect pursuant to a Transition Charge True-Up Adjustment, the Servicer shall, to the extent and in the manner and time frame required by applicable PUCT Regulations, if any, cause to be prepared and delivered to Customers any required notices announcing such revised Transition Charges. (B) The Servicer shall comply with the requirements of the Financing Order and Tariff with respect to the identification of Transition Charges on Bills. In addition, at least once each year, the Servicer shall (to the extent that it does not separately identify the Transition Charges as being owned by the Issuer in the Bills regularly sent to Customers or any REPs, when and if ETI’s Service Area becomes subject to retail competition) cause to be prepared and delivered to such Customers and REPs a notice stating, in effect, that the Transition Property and the Transition Charges are owned by the Issuer and not the Seller. Unless prohibited by applicable PUCT Regulations, the Servicer shall use reasonable efforts to cause each Applicable REP, at least once each year, to include similar notices in the bills sent by such Applicable REP to Customers indicating additionally that the Transition Charges are not owned by such Applicable REP (to the extent that such Applicable REP does not include such information in the Bills regularly sent to Customers). Such notice shall be included either as an insert to or in the text of the Bills delivered to such Customers or shall be delivered to Customers by electronic means or such other means as the Servicer or the REPs Applicable REP may from time to time use to communicate with its respective Customers. (C) Except to the extent that applicable PUCT Regulations make the REPs any future Applicable REP responsible for such costs, or the REPs have Applicable REP has otherwise agreed to pay such costs, the Servicer shall pay from its own funds all costs of preparation and delivery incurred in connection with clauses (A) and (B) above, including printing and postage costscosts as the same may increase or decrease from time to time.

Appears in 1 contract

Sources: Transition Property Servicing Agreement (Entergy Texas Restoration Funding, LLC)

Reports to Customers. (A) After each revised Transition Charge has gone into effect pursuant to a Transition Charge True-Up Adjustment, the Servicer shall, to the extent and in the manner and time frame required by applicable PUCT Regulations, if any, cause to be prepared and delivered to Customers any required notices announcing such revised Transition Charges. (B) The Servicer shall comply with the requirements of the each Financing Order and Tariff with respect to the identification of Transition Charges on Bills. In addition, at least once each year, the Servicer shall (to the extent that it does not separately identify the Transition Charges as being owned by the Issuer in the Bills regularly sent to Customers or any REPs, when and if EGSI's Service Area becomes subject to retail competition) cause to be prepared and delivered to such Customers and REPs a notice stating, in effect, that the Transition Property and the Transition Charges are owned by the Issuer and not the Seller. Unless prohibited by applicable PUCT Regulations, the Servicer shall use reasonable efforts to cause each Applicable REP, at least once each year, to include similar notices in the bills sent by such Applicable REP to Customers indicating additionally that the Transition Charges are not owned by such Applicable REP (to the extent that such Applicable REP does not include such information in the Bills regularly sent to Customers). Such notice shall be included either as an insert to or in the text of the Bills delivered to such Customers or shall be delivered to Customers by electronic means or such other means as the Servicer or the REPs Applicable REP may from time to time use to communicate with its respective Customers. (C) Except to the extent that applicable PUCT Regulations make the REPs any future Applicable REP responsible for such costs, or the REPs have Applicable REP has otherwise agreed to pay such costs, the Servicer shall pay from its own funds all costs of preparation and delivery incurred in connection with clauses (A) and (B) above, including printing and postage costscosts as the same may increase or decrease from time to time.

Appears in 1 contract

Sources: Transition Property Servicing Agreement (Entergy Gulf States Reconstruction Funding I, LLC)

Reports to Customers. (A) After each revised Transition Charge has gone into effect pursuant to a Transition Charge True-Up Adjustment, the Servicer shall, to the extent and in the manner and time frame required by applicable PUCT Regulations, if any, cause to be prepared and delivered to Customers any required notices announcing such revised Transition Charges. (B) . The Servicer shall comply with the requirements of the Financing Order and Tariff with respect to the identification of Transition Charges on Bills. In addition, at least once each year, the Servicer shall (to the extent that it does not separately identify the Transition Charges as being owned by the Issuer in the Bills regularly sent to Customers or any REPs, when and if ETI's Service Area becomes subject to retail competition) cause to be prepared and delivered to such Customers and REPs a notice stating, in effect, that the Transition Property and the Transition Charges are owned by the Issuer and not the Seller. Unless prohibited by applicable PUCT Regulations, the Servicer shall use reasonable efforts to cause each Applicable REP, at least once each year, to include similar notices in the bills sent by such Applicable REP to Customers indicating additionally that the Transition Charges are not owned by such Applicable REP (to the extent that such Applicable REP does not include such information in the Bills regularly sent to Customers). Such notice shall be included either as an insert to or in the text of the Bills delivered to such Customers or shall be delivered to Customers by electronic means or such other means as the Servicer or the REPs Applicable REP may from time to time use to communicate with its respective Customers. (C) . Except to the extent that applicable PUCT Regulations make the REPs any future Applicable REP responsible for such costs, or the REPs have Applicable REP has otherwise agreed to pay such costs, the Servicer shall pay from its own funds all costs of preparation and delivery incurred in connection with clauses (A) and (B) above, including printing and postage costscosts as the same may increase or decrease from time to time.

Appears in 1 contract

Sources: Transition Property Servicing Agreement (Entergy Texas Restoration Funding, LLC)