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, in the case of a Customer who has elected Consolidated Third Party Billing, to an Applicable Third Party, for such Customer’s respective Charge as a general practice once approximately every 30 days or such other time period as allowed by the Authority, at the same time, with the same frequency and on the same Xxxx as that containing the Servicer’s T&D Rates 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 Bond Issuer, the Bond Trustee, the Allocation Agent 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 the Servicer may not make any modification that will materially adversely affect the Bondholders.

Frequency of Bills; Billing Practices. In accordance with the Servicer’s then- 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, 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 30 thirty days or such other time period as allowed by the AuthorityBPU, at the same time, with the same frequency and on the same Xxxx as that containing the Servicer’s T&D Rates 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 Bond Issuer, the Bond Trustee, the Allocation Agent Trustee and the Rating Agencies as soon as practicable, and in no event later than 60 sixty Business Days after such modification goes into effect; provided, however, that the Servicer may not make any modification that will materially adversely affect the Bondholders.that

Frequency of Bills; Billing Practices. In accordance with the Servicer’s then- '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, in the case of a Customer who xxx 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 30 thirty days or such other time period as allowed by the AuthorityBPU, at the same time, with the same frequency and on the same Xxxx Bill as that containing the Servicer’s T&D Rates to such 's own charges tx xxch 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 Bond Issuer, the Bond Trustee, the Allocation Agent Trustee and the Rating Agencies as soon as practicable, and in no event later than 60 sixty Business Days after such modification goes into effect; provided, however, that the Servicer may not make any modification that will materially adversely affect the Bondholders.that

Frequency of Bills; Billing Practices. In accordance with the Servicer’s then- '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, in the case of a Customer who Customex xxo 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 30 thirty days or such other time period as allowed by the AuthorityBPU, at the same time, with the same frequency and on the same Xxxx Bill as that containing the Servicer’s T&D Rates to such 's own charges xx xuch 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 Bond Issuer, the Bond Trustee, the Allocation Agent Trustee and the Rating Agencies as soon as practicable, and in no event later than 60 sixty Business Days after such modification goes into effect; provided, however, that the Servicer may not make any modification that will materially adversely affect the Bondholders.that

Frequency of Bills; Billing Practices. In accordance with the Servicer’s then- '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 Xxxx 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 Charge as a general practice once approximately every 30 days or such other time period as allowed by the AuthorityPUC, at the same time, with the same frequency and on the same Xxxx as that containing the Servicer’s T&D Rates '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 Bond Issuer, the Bond Trustee, the Allocation Agent 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 the Servicer may not make any modification that will materially adversely affect the Bondholders.that