Common use of Frequency of Bills; Billing Practices Clause in Contracts

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 Xxxx to each Customer, or to an Applicable Third Party, for such Customer’s respective Environmental Control Charge as a general practice once approximately every 60 days or such other time period as allowed by the PSCWV, at the same time, with the same frequency and on the same Xxxx 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 Indenture Trustee and the Rating Agencies as soon as practicable, and in no event later than 60 Business Days after such modification goes into effect; provided, however, that

Appears in 7 contracts

Samples: Servicing Agreement, Re: Servicing Agreement (MP Environmental Funding LLC), Control Property Servicing Agreement (MP Environmental Funding LLC)

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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 Xxxx Bxxx to each Customer, or to an Applicable Third Party, for such Customer’s respective Environmental Control Charge as a general practice once approximately every 60 days or such other time period as allowed by the PSCWV, at the same time, with the same frequency and on the same Xxxx Bxxx 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 Indenture Trustee and the Rating Agencies as soon as practicable, and in no event later than 60 Business Days after such modification goes into effect; provided, however, that

Appears in 2 contracts

Samples: Servicing Agreement (MP Environmental Funding LLC), Servicing Agreement (PE Environmental Funding LLC)

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 Xxxx Bill to each Customer, or or, in the case of a Customer who has electxx Xonsolidated Third Party Billing, to an Applicable Third Party, for such Customer’s 's respective Environmental Control Transition Bond Charge as a general practice once approximately every 60 30 days or such other time period as allowed by the PSCWVBPU, at the same time, with the same frequency and on the same Xxxx Bill as that containing the Servicer’s 's own charges to such Customer or Customex xx 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 Indenture Trustee and the Rating Agencies as soon as practicable, and in no event later than 60 Business Days after such modification goes into effect; provided, however, that:

Appears in 1 contract

Samples: Atlantic City Electric Transition Funding LLC

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 Xxxx to each Customer, or 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 Environmental Control Transition Bond Charge as a general practice once approximately every 60 30 days or such other time period as allowed by the PSCWVBPU, at the same time, with the same frequency and on the same Xxxx 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 Indenture Trustee and the Rating Agencies as soon as practicable, and in no event later than 60 Business Days after such modification goes into effect; provided, however, that

Appears in 1 contract

Samples: Servicing Agreement (Pse&g Transition Funding LLC)

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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 Xxxx Bill to each Customer, or or, in the case of a Customer who has electxx Xonsolidated Third Party Billing, to an Applicable Third Party, for such Customer’s 's respective Environmental Control BGS Transition Bond Charge as a general practice once approximately every 60 30 days or such other time period as allowed by the PSCWVBPU, at the same time, with the same frequency and on the same Xxxx Bill as that containing the Servicer’s 's own charges to such Customer or Customex xx 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 Indenture Trustee and the Rating Agencies as soon as practicable, and in no event later than 60 Business Days after such modification goes into effect; provided, however, that

Appears in 1 contract

Samples: Transition Property Servicing Agreement (PSE&G Transition Funding II LLC)

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