Notices to Customers. (A) After each revised Charge has gone into effect pursuant to a True-Up Adjustment, the Servicer shall, to the extent and in the manner and time frame required by applicable Authority Regulations, if any, cause to be prepared and delivered to customers any required notices announcing such revised Charges. (B) The Servicer shall comply with the requirements of the LIPA Reform Act and the Financing Order with respect to the identification of the Charges on Bills. In addition, at least once each year, the Servicer shall (to the extent that it does not separately identify the Charges as being owned by the Bond Issuer in the Bills regularly sent to Customers) cause to be prepared and delivered to such Customers a notice stating, in effect, that the Restructuring Property and the Charges are owned solely by the Bond Issuer and not the Servicer. 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 may from time to time use to communicate with its own Customers.
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Samples: Restructuring Property Servicing Agreement, Restructuring Property Servicing Agreement, Restructuring Property Servicing Agreement
