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 Xxxx to each Customer for such Customers’ Storm Recovery Charges once every applicable Billing Month, at the same time, with the same frequency and on the same Xxxx as that containing the Servicer’s own charges to such Customers. 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 2 contracts

Samples: Storm Recovery Property Servicing Agreement (Entergy Arkansas Restoration Funding, LLC), Storm Recovery Property Servicing Agreement (Entergy Arkansas Restoration 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 Xxxx to Bill xx each Customer Customer, for such Customers’ Storm Recovery Charges once every applicable Billing MonthPeriod, at the same appropriate time, with the same frequency and on the same Xxxx as Bill xx that containing the Servicer’s own charges to such Customers. 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 and the Servicer may not make any modification that will materially adversely affect the Holders.

Appears in 2 contracts

Samples: Servicing Agreement (Entergy New Orleans Storm Recovery Funding I, L.L.C.), Servicing Agreement (Entergy New Orleans Storm Recovery Funding I, L.L.C.)

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 Xxxx Bxxx to each Customer Customer, for such Customers’ Storm Investment Recovery Charges once every applicable Billing MonthPeriod, at the same appropriate time, with the same frequency and on the same Xxxx Bxxx as that containing the Servicer’s own charges to such Customers. 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 and the Servicer may not make any modification that will materially adversely affect the Holders.

Appears in 2 contracts

Samples: Investment Recovery Property Servicing Agreement (Entergy Louisiana Investment Recovery Funding I, L.L.C.), Investment Recovery Property Servicing Agreement (Entergy Louisiana Investment Recovery Funding I, L.L.C.)

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 Xxxx to each Customer Customer, for such Customers’ Storm Recovery Charges once every applicable Billing MonthPeriod, at the same appropriate time, with the same frequency and on the same Xxxx as that containing the Servicer’s own charges to such Customers. 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 and the Servicer may not make any modification that will materially adversely affect the Holders.. (b)

Appears in 1 contract

Samples: Servicing Agreement

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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 Xxxx to each Customer for such Customers’ Storm Recovery Charges once every applicable Billing Month, at the same time, with the same frequency and on the same Xxxx as that containing the Servicer’s own charges to such Customers. 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.. (b)

Appears in 1 contract

Samples: Property Servicing Agreement

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 Xxxx to each Customer Customer, for such Customers’ Storm Recovery Charges once every applicable Billing MonthPeriod, at the same appropriate time, with the same frequency and on the same Xxxx as that containing the Servicer’s own charges to such Customers. 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 and the Servicer may not make any modification that will materially adversely affect the Holders.

Appears in 1 contract

Samples: Servicing Agreement (Entergy New Orleans Storm Recovery Funding I, L.L.C.)

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