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 Bill to each Customer, for such Customers’ Securitized Utility Tariff Charges once every applicable billing period, at the same time, with the same frequency and on the same Bill as that containing the Servicer’s own charges to such Customers. In the event that the Servicer makes any material modification to its Servicer Policies and Practices for its own charges, it shall notify the Issuer, the Indenture Trustee, the MPSC 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-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 Bill to each Customer, for such Customers’ Securitized Utility Tariff Charges once every applicable billing periodBilling Period, at the same appropriate time, with the same frequency and on the same Bill as that containing the Servicer’s own charges to such Customers. In the event that the Servicer makes any material modification to its Servicer Policies and Practices for its own chargesthese practices, it shall notify the Issuer, the Indenture Trustee, the MPSC and the Rating Agencies as soon as practicable, prior to the effectiveness of any such modification; 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 BondholdersHolders.

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 Bill to each Customer, Customer for such Customers’ Securitized Utility Tariff Customer’s Securitization Charges once every applicable billing periodBilling Period, at the same time, with the same frequency and on the same Bill as that containing the Servicer’s own charges to such Customers. In the event that the Servicer makes any material modification to its Servicer Policies and Practices for its own charges, it shall notify the Issuer, the Indenture Trustee, the MPSC Commission 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 BondholdersHolders.

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 Bill Xxxx to each Customer, Customer for such Customers’ Securitized Utility Tariff Customer’s Securitization Charges once every applicable billing periodBilling Period, at the same time, with the same frequency and on the same Bill Xxxx as that containing the Servicer’s own charges to such Customers. In the event that the Servicer makes any material modification to its Servicer Policies and Practices for its own charges, it shall notify the Issuer, the Indenture Trustee, the MPSC Commission 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 BondholdersHolders.

Frequency of Bills; Billing Practices. In accordance with the Servicer’s '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 Bill to each Customer, the Applicable REP for such sucx XXP's Customers’ Securitized Utility Tariff ' respective Series 2003-1 Transition Charges once every applicable billing periodBilling Period, at the same time, with the same frequency and on the same Bill as that containing the Servicer’s Servicxx'x own charges to such CustomersREP. In the event that the Servicer makes any material modification to its Servicer Policies and Practices for its own chargesthese practices, it shall notify the Issuer, the Indenture Trustee, the MPSC and the Rating Agencies as soon as practicable, and in no event later than 60 Business Days after prior to the effective- ness of any such modification goes into effectmodification; provided, however, that the Servicer may not make any modification that will materially adversely affect the BondholdersHolders.