Collections Payment Processing Remittance Sample Clauses
Collections Payment Processing Remittance. (a) Collection Efforts, Policies, Procedures.
(i) The Servicer shall use reasonable efforts to collect all Billed TCs from Customers and REPs as and when the same become due and shall follow such collection procedures as it follows with respect to comparable assets that it services for itself or others, including with respect to the following:
(A) The Servicer shall prepare and deliver overdue notices to its Customers and REPs in accordance with applicable PUCT Regulations.
(B) The Servicer shall apply late payment charges to its outstanding Customer and REP balances in accordance with applicable PUCT Regulations and as required by the Financing Order.
(C) In circumstances where the Servicer bills Customers directly, the Servicer shall deliver final notices of delinquency and possible disconnection in accordance with applicable PUCT Regulations.
(D) The Servicer shall adhere to and carry out disconnection policies and termination of REP billing in accordance with the Utilities Code, the Financing Order and applicable PUCT Regulations.
(E) The Servicer may employ the assistance of collection agents to collect any past-due Transition Charges from its Customers and REPs in accordance with applicable PUCT Regulations and the Tariff.
(F) The Servicer shall apply its Customer and REP deposits to the payment of delinquent accounts in accordance with the Tariff, the Financing Order and applicable PUCT Regulations and according to the priorities set forth in Section 6(b)(ii) and (iii) of this Annex I.
(ii) The Servicer shall not waive any late payment charge or any other fee or charge relating to delinquent payments, if any, or waive, vary or modify any terms of payment of any amounts payable by its Customer or an REP, in each case unless such waiver or action: (A) would be in accordance with the Servicer’s customary practices or those of any successor Servicer with respect to comparable assets that it services for itself and for others; (B) would not materially adversely affect the rights of the Transition Bondholders; and (C) would comply with applicable law.
(iii) The Servicer shall accept payment in respect of Billed TCs in such forms and methods and at such times and places as the Servicer accepts payments of its own charges in accordance with, if applicable, the Financing Order, the Tariff and any other PUCT Regulations.
Collections Payment Processing Remittance. Collection Efforts, Policies, Procedures.
Collections Payment Processing Remittance. (a) Collection Efforts, Policies, Procedures.
(i) The Servicer shall collect Billed Energy Transition Charges for the Series A Bonds (including late charges in respect of Series Charges) from Customers as and when the same become due in accordance with such collection procedures as it follows with respect to comparable assets that it services for itself or others including, in accordance with Commission Regulations and the Servicer Policies and Practices, that:
(A) The Servicer shall prepare and deliver overdue notices to Customers.
(B) The Servicer shall deliver past-due and shut-off notices.
(C) The Servicer may employ the assistance of collection agents.
(D) The Servicer shall apply Customer deposits to the payment of delinquent accounts.
(ii) The Servicer shall not waive any late payment charge or any other fee or charge relating to delinquent payments, if any, or waive, vary or modify any terms of payment of any amounts payable by a Customer, in each case unless such waiver or action: (A) would be in accordance with the Servicer Policies and Practices and (B) would comply in all material respects with applicable law.
(iii) The Servicer shall accept payment from Customers in respect of Billed Energy Transition Charges for the Series A Bonds in such forms and methods and at such times and places in accordance with the Servicer Policies and Practices.
Collections Payment Processing Remittance. (a) Collection Efforts, Policies, Procedures. ----------------------------------------
(i) The Servicer shall use reasonable efforts to collect all Billed FTA Revenues from Customers and ESPs as and when the same become due and shall follow such collection procedures as it follows with respect to comparable assets that it services for itself or others, including with respect to the following:
(A) The Servicer shall prepare and deliver overdue notices to Customers and ESPs in accordance with applicable CPUC Regulations and Servicer Policies and Practices.
(B) The Servicer shall apply late payment charges, if any, to outstanding ESP balances in accordance with applicable CPUC
Collections Payment Processing Remittance. (a) Collection Efforts, Policies, Procedures.
(i) The Servicer shall use reasonable efforts to collect all Billed Intangible Transition Charges from Customers and Third Parties as and when the same become due and shall follow such collection procedures as it follows with respect to comparable assets that it services for itself or others, including with respect to the following:
(A) The Servicer shall prepare and deliver overdue notices to Customers and Third Parties in accordance with applicable PUC Regulations and Servicer Policies and Practices.
(B) The Servicer shall apply late payment charges to outstanding Customer and Third Party balances in accordance with applicable PUC Regulations. All late payment charges and interest collected shall be payable to and retained by the Servicer as a component of its compensation under the Servicing Agreement, and no Issuer shall have any right to share in the same.
(C) The Servicer shall deliver verbal and written final call notices in accordance with applicable PUC Regulations and Servicer Policies and Practices.
(D) The Servicer shall adhere and carry out disconnection policies in accordance with the Statute, other applicable law and PUC Regulations and Servicer Policies and Practices.
(E) The Servicer may employ the assistance of collections agents in accordance with applicable PUC Regulations and Servicer Policies and Practices.
(F) The Servicer shall apply Customer and Third Party deposits to the payment of delinquent accounts in accordance with applicable PUC Regulations and Servicer Policies and Practices and according to the priorities set forth in Section 6(b)(ii), (iii) and (iv) of this Exhibit A.
Collections Payment Processing Remittance
Collections Payment Processing Remittance
Collections Payment Processing Remittance