Common use of Transition Charges Clause in Contracts

Transition Charges. The Servicer shall comply with the requirements of the Financing Order and Tariff with respect to the identification of Series 2003-1 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 2003-1 Transition Charges as being owned by the Issuer in the Bills regularly sent to Applicable REPs, other Third-Party Collectors or Customers that are billed directly by the Servicer) cause to be prepared and delivered to REPs, other Third-Party Collectors and such Customers a notice stating, in effect, that the Series 2003-1 Transition Property and the Series 2003-1 Transition Charges are owned by the Issuer and not the Seller. Unless prohibited by applicable PUCT Regulations, the Servicer shall cause each Applicable 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 2003-1 Transition Charges are not owned by 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, the Applicable REP or Third-Party Collector may from time to time use to communicate with its respective customers.