Common use of Reports to Customers Clause in Contracts

Reports to Customers. (A) After each revised FTA Charge --------------------- has gone into effect pursuant to a True-Up Adjustment, the Servicer shall, to the extent and in the manner and timeframe required by CPUC Regulations, cause to be prepared and delivered to Customers a notice announcing such revised FTA Charges. (B) In addition, at least once each year, to the extent permitted by CPUC Regulations, the Servicer shall cause to be prepared and delivered to Customers a notice stating, in effect, that the Transition Property and the FTA Charges are owned by the Note Issuer and not the Seller. Such notice shall be included either as an insert to or on the back 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 Applicable ESP may from time to time use to communicate with their respective customers. (C) Except to the extent that applicable CPUC Regulations make the Applicable ESP responsible for 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 but not limited to printing and postage costs as the same may increase or decrease from time to time.

Reports to Customers. (A) After each revised FTA Charge --------------------- has gone into effect pursuant to a True-Up Adjustment, the Servicer shall, to the extent and in the manner and timeframe required by applicable CPUC Regulations, if any, cause to be prepared and delivered to Customers a notice announcing such revised FTA Charges. (B) In addition, at least once each year, to the extent permitted by CPUC Regulations, the Servicer shall cause to be prepared and delivered to Customers a notice stating, in effect, that the Transition Property and the FTA Charges are owned by the Note Issuer and not the Seller. Such notice shall be included either as an insert to or on in the back 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 Applicable ESP may from time to time use to communicate with their respective customers. (C) Except to the extent that applicable CPUC Regulations make the Applicable ESP responsible for 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 but not limited to printing and postage costs as the same may increase or decrease from time to time.

Reports to Customers. (A) After each revised FTA Charge --------------------- has gone into effect pursuant to a True-Up Adjustment, the Servicer shall, to the extent and in the manner and timeframe required by applicable CPUC Regulations, if any, cause to be prepared and delivered to Customers a notice announcing such revised FTA Charges. (B) In addition, at least once each year, to the extent permitted by CPUC Regulations, the Servicer shall cause to be prepared and delivered to Customers a notice stating, in effect, that the Transition Property and the FTA Charges are owned by the Note Issuer and not the Seller. Such notice shall be included either as an insert to or on in the back 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 Applicable ESP may from time to time use to communicate with their respective customers. (C) Except to the extent that applicable CPUC Regulations make the Applicable ESP responsible for 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 but not limited to printing and postage costs as the same may increase or decrease from time to time.

Reports to Customers. (A) After each revised FTA Charge --------------------- has -------------------- gone into effect pursuant to a True-Up Adjustment, the Servicer shall, to the extent and in the manner and timeframe required by applicable CPUC Regulations, if any, cause to be prepared and delivered to Customers a notice announcing such revised FTA Charges. (B) In addition, at least once each year, to the extent permitted by CPUC Regulations, the Servicer shall cause to be prepared and delivered to Customers a notice stating, in effect, that the Transition Property and the FTA Charges are owned by the Note Issuer and not the Seller. Such notice shall be included either as an insert to or on in the back 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 Applicable ESP may from time to time use to communicate with their respective customers. (C) Except to the extent that applicable CPUC Regulations make the Applicable ESP responsible for 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 but not limited to printing and postage costs as the same may increase or decrease from time to time.