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 for its own charges, as such Servicer Policies and Practices may be modified from time to time, the Servicer shall generate and issue a Bxxx to each Customer, or, where a Third-Party Collector is responsible for billing the Customers, to the Third-Party Collector, for such Customers’ Phase-In-Recovery Charges once every applicable Billing Period, at the same time, with the same frequency and on the same Bxxx as that containing the Servicer’s own charges to such Customers or Third-Party Collectors, 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 prior to the effectiveness of any such modification; provided, however, that the Servicer may not make any modification that will materially adversely affect the Holders.

Appears in 3 contracts

Samples: Servicing Agreement (Ohio Phase-in-Recovery Funding LLC), Servicing Agreement (Ohio Phase-in-Recovery Funding LLC), Servicing Agreement (Ohio Phase-in-Recovery Funding LLC)

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Frequency of Bills; Billing Practices. In accordance with the Servicer’s then-existing Servicer Policies and Practices for its own charges, as such Servicer Policies and Practices may be modified from time to time, the Servicer shall generate and issue a Bxxx to each Customer, or, where a Third-Party Collector is responsible for billing the Customers, to the Third-Party Collector, for such Customers’ Phase-In-Recovery CRR Charges once every applicable Billing Period, at the same time, with the same frequency and on the same Bxxx as that containing the Servicer’s own charges to such Customers or Third-Party Collectors, 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 prior to the effectiveness of any such modification; provided, however, that the Servicer may not make any modification that will materially adversely affect the Holders.

Appears in 3 contracts

Samples: CRR Property Servicing Agreement (Appalachian Consumer Rate Relief Funding LLC), CRR Property Servicing Agreement (Appalachian Consumer Rate Relief Funding LLC), CRR Property Servicing Agreement (Appalachian Consumer Rate Relief Funding LLC)

Frequency of Bills; Billing Practices. In accordance with the Servicer’s 's then-existing Servicer Policies policies and Practices practices for its own charges, as such Servicer Policies policies and Practices practices may be modified from time to time, the Servicer shall generate and issue a Bxxx Bill to each Customer, or, where a Third-Party Collector Collector, if any, is responsible for billing the Customers, to the Third-Party Collector, for such Customers’ Phase-In-' Storm Recovery Charges once every applicable Billing Period, at the same time, with the same frequency and on the same Bxxx Bill as that containing the Servicer’s 's own charges to such Customers or Third-Party Collectors, 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 prior to the effectiveness of any such modification; provided, however, that the Servicer may not make any modification that will materially adversely affect the Holders.

Appears in 1 contract

Samples: Recovery Property Servicing Agreement (Cleco Katrina/Rita Hurricane Recovery Funding LLC)

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Frequency of Bills; Billing Practices. In accordance with the Servicer’s then-existing Servicer Policies policies and Practices practices for its own charges, as such Servicer Policies policies and Practices practices may be modified from time to time, the Servicer shall generate and issue a Bxxx Xxxx to each Customer, or, where a Third-Party Collector Collector, if any, is responsible for billing the Customers, to the Third-Party Collector, for such Customers’ Phase-In-Storm Recovery Charges once every applicable Billing Period, at the same time, with the same frequency and on the same Bxxx Xxxx as that containing the Servicer’s own charges to such Customers or Third-Party Collectors, 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 prior to the effectiveness of any such modification; provided, however, that the Servicer may not make any modification that will materially adversely affect the Holders.

Appears in 1 contract

Samples: Property Servicing Agreement (Cleco Katrina/Rita Hurricane Recovery Funding LLC)

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