Common use of No Advances Clause in Contracts

No Advances. The Servicer shall not be obligated to advance any of its own funds to the Issuer. EXHIBIT B FORM OF MONTHLY SERVICER’S CERTIFICATE See Attached MONTHLY SERVICER’S CERTIFICATE DUKE ENERGY PROGRESS SC STORM FUNDING LLC $[ ] Storm Recovery Senior Secured Storm Recovery Bonds Pursuant to Section 3.01(b) of the Storm Recovery Property Servicing Agreement dated as of [ ], 2024 by and between Duke Energy Progress, LLC, as Servicer, and Duke Energy Progress SC Storm Funding LLC, as Issuer (the “Servicing Agreement”), the Servicer does hereby certify as follows: Capitalized terms used but not defined in this Monthly Servicer’s Certificate have their respective meanings as set forth in the Servicing Agreement. References herein to certain sections and subsections are references to the respective sections or subsections of the Servicing Agreement. Current BILLING MONTH: {__________} Current BILLING MONTH: {__/__/20__} - {__/__/20__} Standard Billing for prior BILLING MONTH Residential Total Billed ${__________} Residential STORM RECOVERY CHARGE (“SRC”) Billed ${__________} {_.____}% Small General Service Total Billed ${__________} Small General Service SRC Billed ${__________} {_.____}% Medium General Service Billed ${__________} Medium General Service SRC Billed ${__________} {_.____}% Large General Service Total Billed ${__________} Large General Service SRC Billed ${__________} {_.____}% Lighting Total Billed ${__________} Lighting SRC Billed ${__________} {_.____}% YTD Net Write-offs as a % of Billed Revenue Non-Residential Class Customer Write-offs {_.____}% Residential Class Customer Write-offs {_.____}% Total Write-offs {_.____}% Aggregate SRC Collections Total SRC Remitted for BILLING MONTH Residential SRC Collected ${__________} Small General Service SRC Collected ${__________} Medium General Service SRC Collected ${__________} Large General Service SRC Collected ${__________} Lighting SRC Collected ${__________} Sub-Total of SRC Collected ${__________} Total SRC Collected and Remitted ${__________} Aggregate SRC Remittances for {__________ 20__} BILLING MONTH ${__________} Aggregate SRC Remittances for {__________ 20__} BILLING MONTH ${__________} Aggregate SRC Remittances for {__________ 20__} BILLING MONTH ${__________} Total Current SRC Remittances ${__________} Current BILLING MONTH: {__/__/20__} - {__/__/20__} Executed as of this {____} day of {__________} 20{__}. Duke Energy Progress, LLC, as Servicer By: Name: Title: CC: DUKE ENERGY PROGRESS SC STORM FUNDING LLC EXHIBIT C FORM OF SEMI-ANNUAL SERVICER’S CERTIFICATE See attached SEMI-ANNUAL SERVICER’S CERTIFICATE Pursuant to Section 4.01(c)(ii) of the Storm Recovery Property Servicing Agreement, dated as of [ ], 2024 (the “Servicing Agreement”), by and between Duke Energy Progress, LLC, as servicer (the “Servicer”), and Duke Energy Progress SC Storm Funding LLC, the Servicer does hereby certify, for the {__________}, 20{__} Payment Date (the “Current Payment Date”), as follows: Capitalized terms used but not defined herein have their respective meanings as set forth in the Servicing Agreement. References herein to certain sections and subsections are references to the respective sections of the Servicing Agreement or the Indenture, as the context indicates. Collection Periods: {__________} to {__________} Payment Date: {__________}, 20{__}

Appears in 2 contracts

Samples: Recovery Property Servicing Agreement (Duke Energy Progress SC Storm Funding LLC), Recovery Property Servicing Agreement (Duke Energy Progress SC Storm Funding LLC)

AutoNDA by SimpleDocs

No Advances. The Servicer shall not be obligated to advance any of its own funds to the Issuer. EXHIBIT B FORM OF MONTHLY SERVICER’S CERTIFICATE See Attached MONTHLY SERVICER’S CERTIFICATE DUKE ENERGY PROGRESS SC NC STORM FUNDING LLC $[ ] Storm Recovery 769,627,000 Senior Secured Storm Recovery Bonds Pursuant to Section 3.01(b) of the Storm Recovery Property Servicing Agreement dated as of [ ]November 24, 2024 2021 by and between Duke Energy Progress, LLC, as Servicer, and Duke Energy Progress SC NC Storm Funding LLC, as Issuer (the “Servicing Agreement”), the Servicer does hereby certify as follows: Capitalized terms used but not defined in this Monthly Servicer’s Certificate have their respective meanings as set forth in the Servicing Agreement. References herein to certain sections and subsections are references to the respective sections or subsections of the Servicing Agreement. Current BILLING MONTH: {__________} Current BILLING MONTH: {__/__/20__} - {__/__/20__} Standard Billing for prior BILLING MONTH Residential Total Billed $$ {___________ } Residential STORM RECOVERY CHARGE (“SRC”) Billed $$ {___________ } {_.____}% .____ }% Small General Service Total Billed $$ {___________ } Small General Service SRC Billed $$ {___________ } {_.____}% .____ }% Medium General Service Billed $$ {___________ } Medium General Service SRC Billed $$ {___________ } {_.____}% .____ }% Large General Service Total Billed $$ {___________ } Large General Service SRC Billed $$ {___________ } {_.____}% .____ }% Lighting Total Billed $$ {___________ } Lighting SRC Billed $$ {___________ } {_.____}% .____ }% YTD Net Write-offs as a % of Billed Revenue Non-Residential Class Customer Write-offs {_.____}% .____ }% Residential Class Customer Write-offs {_.____}% .____ }% Total Write-offs {_.____}% .____ }% Aggregate SRC Collections Total SRC Remitted for BILLING MONTH Residential SRC Collected $$ {___________ } Small General Service SRC Collected $$ {___________ } Medium General Service SRC Collected $$ {___________ } Large General Service SRC Collected $$ {___________ } Lighting SRC Collected $$ {___________ } Sub-Total of SRC Collected $$ {___________ } Total SRC Collected and Remitted $$ {___________ } Aggregate SRC Remittances for {__________ 20__} BILLING MONTH $$ {___________ } Aggregate SRC Remittances for {__________ 20__} BILLING MONTH $$ {___________ } Aggregate SRC Remittances for {__________ 20__} BILLING MONTH $$ {___________ } Total Current SRC Remittances $$ {___________ } Current BILLING MONTH: {__/__/20__} - {__/__/20__} Executed as of this {____} day of {__________} 20{__}. Duke Energy Progress, LLC, as Servicer By: Name: Title: CC: DUKE ENERGY PROGRESS SC STORM FUNDING LLC EXHIBIT C FORM OF SEMI-ANNUAL SERVICER’S CERTIFICATE See attached SEMI-ANNUAL SERVICER’S CERTIFICATE Pursuant to Section 4.01(c)(ii) of the Storm Recovery Property Servicing Agreement, dated as of [ ], 2024 (the “Servicing Agreement”), by and between Duke Energy Progress, LLC, as servicer (the “Servicer”), and Duke Energy Progress SC Storm Funding LLC, the Servicer does hereby certify, for the {__________}, 20{__} Payment Date (the “Current Payment Date”), as follows: Capitalized terms used but not defined herein have their respective meanings as set forth in the Servicing Agreement. References herein to certain sections and subsections are references to the respective sections of the Servicing Agreement or the Indenture, as the context indicates. Collection Periods: {__________} to {__________} Payment Date: {__________}, 20{__}:

Appears in 2 contracts

Samples: Recovery Property Servicing Agreement (Duke Energy Progress NC Storm Funding LLC), Recovery Property Servicing Agreement (Duke Energy Progress NC Storm Funding LLC)

No Advances. The Servicer shall not be obligated to advance any of its own funds to the Issuer. EXHIBIT B FORM OF MONTHLY SERVICER’S CERTIFICATE See Attached MONTHLY SERVICER’S CERTIFICATE DUKE ENERGY PROGRESS SC CAROLINAS NC STORM FUNDING LLC $[ ] Storm Recovery 237,210,000 Senior Secured Storm Recovery Bonds Pursuant to Section 3.01(b) of the Storm Recovery Property Servicing Agreement dated as of [ ]November 24, 2024 2021 by and between Duke Energy ProgressCarolinas, LLC, as Servicer, and Duke Energy Progress SC Carolinas NC Storm Funding LLC, as Issuer (the “Servicing Agreement”), the Servicer does hereby certify as follows: Capitalized terms used but not defined in this Monthly Servicer’s Certificate have their respective meanings as set forth in the Servicing Agreement. References herein to certain sections and subsections are references to the respective sections or subsections of the Servicing Agreement. Current BILLING MONTH: {__________} Current BILLING MONTH: {__/__/20__} - {__/__/20__} Standard Billing for prior BILLING MONTH Residential Total Billed ${__________} Residential STORM RECOVERY CHARGE (“SRC”) Billed ${__________} {_.____}% Small General Service Total Billed ${__________} Small General Service SRC Billed ${__________} {_.____}% Medium General Service Billed ${__________} Medium General Service SRC Billed ${__________} {_.____}% Large General Service Total Billed ${__________} Large General Service SRC Billed ${__________} {_.____}% Lighting Total Billed ${__________} Lighting SRC Billed ${__________} {_.____}% YTD Net Write-offs as a % of Billed Revenue Non-Residential Class Customer Write-offs {_.____}% Residential Class Customer Write-offs {_.____}% Total Write-offs {_.____}% Aggregate SRC Collections Total SRC Remitted for BILLING MONTH Residential SRC Collected ${__________} Small General Service SRC Collected ${__________} Medium General Service SRC Collected ${__________} Large General Service SRC Collected ${__________} Lighting SRC Collected ${__________} Sub-Total of SRC Collected ${__________} Total SRC Collected and Remitted ${__________} Aggregate SRC Remittances for {__________ 20__} BILLING MONTH ${__________} Aggregate SRC Remittances for {__________ 20__} BILLING MONTH ${__________} Aggregate SRC Remittances for {__________ 20__} BILLING MONTH ${__________} Total Current SRC Remittances ${__________} Current BILLING MONTH: {__/__/20__} - {__/__/20__} Executed as of this {____} day of {__________} 20{__}. Duke Energy ProgressCarolinas, LLC, as Servicer By: Name: Title: CC: DUKE ENERGY PROGRESS SC CAROLINAS NC STORM FUNDING LLC EXHIBIT C FORM OF SEMI-ANNUAL SERVICER’S CERTIFICATE See attached SEMI-ANNUAL SERVICER’S CERTIFICATE Pursuant to Section 4.01(c)(ii) of the Storm Recovery Property Servicing Agreement, dated as of [ ]November 24, 2024 2021 (the “Servicing Agreement”), by and between Duke Energy ProgressCarolinas, LLC, as servicer (the “Servicer”), and Duke Energy Progress SC Carolinas NC Storm Funding LLC, the Servicer does hereby certify, for the {__________}, 20{__} Payment Date (the “Current Payment Date”), as follows: Capitalized terms used but not defined herein have their respective meanings as set forth in the Servicing Agreement. References herein to certain sections and subsections are references to the respective sections of the Servicing Agreement or the Indenture, as the context indicates. Collection Periods: {__________} to {__________} Payment Date: {__________}, 20{__}

Appears in 2 contracts

Samples: Recovery Property Servicing Agreement (Duke Energy Carolinas NC Storm Funding LLC), Recovery Property Servicing Agreement (Duke Energy Carolinas NC Storm Funding LLC)

No Advances. The Servicer shall not be obligated to advance any of its own funds to the Issuer. EXHIBIT B FORM OF MONTHLY SERVICER’S CERTIFICATE See Attached MONTHLY SERVICER’S CERTIFICATE DUKE ENERGY PROGRESS SC STORM FUNDING FLORIDA PROJECT FINANCE, LLC $[ ] Storm Recovery 1,294,290,000 Series A Senior Secured Storm Nuclear Asset-Recovery Bonds Pursuant to Section 3.01(b) of the Storm Nuclear Asset-Recovery Property Servicing Agreement dated as of [ ]June 22, 2024 2016 by and between Duke Energy ProgressFlorida, LLC, as Servicer, and Duke Energy Progress SC Storm Funding Florida Project Finance, LLC, as Issuer (the “Servicing Agreement”), the Servicer does hereby certify as follows: Capitalized terms used but not defined in this Monthly Servicer’s Certificate have their respective meanings as set forth in the Servicing Agreement. References herein to certain sections and subsections are references to the respective sections or subsections of the Servicing Agreement. Current BILLING MONTH: {__________{ } Current BILLING MONTH: {__/__/20__{ / /20 } - {__/__/20__{ / /20 } Standard Billing for prior BILLING MONTH Residential Total Billed ${__________$ { } Residential STORM NUCLEAR ASSET-RECOVERY CHARGE (“SRCNARC”) Billed ${__________$ { } {_.____}% Small { . }% General Service Non-Demand Total Billed ${__________$ { } Small General Service SRC Non-Demand NARC Billed ${__________$ { } {_.____}% Medium { . }% General Service Billed ${__________$ { } Medium General Service SRC NARC Billed ${__________$ { } {_.____}% Large { . }% General Service Demand Total Billed ${__________$ { } Large General Service SRC Demand NARC Billed ${__________$ { } {_.____}% { . }% Curtailable Total Billed $ { } Curtailable NARC Billed $ { } { . }% Interruptible Total Billed $ { } Interruptible NARC Billed $ { } { . }% Lighting Total Billed ${__________$ { } Lighting SRC NARC Billed ${__________$ { } {_.____}% { . }% YTD Net Write-offs as a % of Billed Revenue Non-Residential Class Customer Write-offs {_.____}% { . }% Residential Class Customer Write-offs {_.____}% { . }% Total Write-offs {_.____}% { . }% Aggregate SRC NARC Collections Total SRC NARC Remitted for BILLING MONTH Residential SRC NARC Collected ${__________$ { } Small General Service SRC Non-Demand NARC Collected ${__________$ { } Medium General Service SRC NARC Collected ${__________$ { } Large General Service SRC Demand NARC Collected ${__________$ { } Curtailable NARC Collected $ { } Interruptible NARC Collected $ { } Lighting SRC NARC Collected ${__________$ { } Sub-Total of SRC NARC Collected ${__________$ { } Total SRC NARC Collected and Remitted ${__________$ { } Aggregate SRC NARC Remittances for {__________ 20__{ 20 } BILLING MONTH ${__________$ { } Aggregate SRC NARC Remittances for {__________ 20__{ 20 } BILLING MONTH ${__________$ { } Aggregate SRC NARC Remittances for {__________ 20__{ 20 } BILLING MONTH ${__________$ { } Total Current SRC NARC Remittances ${__________$ { } Current BILLING MONTH: {__/__/20__{ / /20 } - {__/__/20__{ / /20 } Executed as of this {____{ } day of {__________{ } 20{__{ }. Duke Energy ProgressDUKE ENERGY FLORIDA, LLC, as Servicer By: Name: Title: CC: DUKE ENERGY PROGRESS SC STORM FUNDING FLORIDA PROJECT FINANCE, LLC EXHIBIT C FORM OF SEMI-ANNUAL SERVICER’S CERTIFICATE See attached E-C-1 SEMI-ANNUAL SERVICER’S CERTIFICATE Pursuant to Section 4.01(c)(ii) of the Storm Nuclear Asset-Recovery Property Servicing Agreement, dated as of [ ]June 22, 2024 2016 (the “Servicing Agreement”), by and between Duke Energy ProgressDUKE ENERGY FLORIDA, LLC, as servicer (the “Servicer”), and Duke Energy Progress SC Storm Funding Florida Project Finance, LLC, the Servicer does hereby certify, for the {__________{ }, 20{__{ } Payment Date (the “Current Payment Date”), as follows: Capitalized terms used but not defined herein have their respective meanings as set forth in the Servicing Agreement. References herein to certain sections and subsections are references to the respective sections of the Servicing Agreement or the Indenture, as the context indicates. Collection Periods: {__________{ } to {__________{ } Payment Date: {__________{ }, 20{__{ }

Appears in 2 contracts

Samples: Property Servicing Agreement (Duke Energy Florida, Llc.), Property Servicing Agreement (Duke Energy Florida, Llc.)

No Advances. The Servicer shall not be obligated to advance any of its own funds to the Issuer. EXHIBIT B FORM OF MONTHLY SERVICER’S CERTIFICATE See Attached MONTHLY SERVICER’S CERTIFICATE DUKE ENERGY PROGRESS SC STORM FUNDING LLC $[ ] 177,365,000 Storm Recovery Senior Secured Storm Recovery Bonds Pursuant to Section 3.01(b) of the Storm Recovery Property Servicing Agreement dated as of [ ]April 25, 2024 by and between Duke Energy Progress, LLC, as Servicer, and Duke Energy Progress SC Storm Funding LLC, as Issuer (the “Servicing Agreement”), the Servicer does hereby certify as follows: Capitalized terms used but not defined in this Monthly Servicer’s Certificate have their respective meanings as set forth in the Servicing Agreement. References herein to certain sections and subsections are references to the respective sections or subsections of the Servicing Agreement. Current BILLING MONTH: {__________} Current BILLING MONTH: {__/__/20__} - {__/__/20__} Standard Billing for prior BILLING MONTH Residential Total Billed ${__________} Residential STORM RECOVERY CHARGE (“SRC”) Billed ${__________} {_.____}% Small General Service Total Billed ${__________} Small General Service SRC Billed ${__________} {_.____}% Medium General Service Billed ${__________} Medium General Service SRC Billed ${__________} {_.____}% Large General Service Total Billed ${__________} Large General Service SRC Billed ${__________} {_.____}% Lighting Total Billed ${__________} Lighting SRC Billed ${__________} {_.____}% YTD Net Write-offs as a % of Billed Revenue Non-Residential Class Customer Write-offs {_.____}% Residential Class Customer Write-offs {_.____}% Total Write-offs {_.____}% Aggregate SRC Collections Total SRC Remitted for BILLING MONTH Residential SRC Collected ${__________} Small General Service SRC Collected ${__________} Medium General Service SRC Collected ${__________} Large General Service SRC Collected ${__________} Lighting SRC Collected ${__________} Sub-Total of SRC Collected ${__________} Total SRC Collected and Remitted ${__________} Aggregate SRC Remittances for {__________ 20__} BILLING MONTH ${__________} Aggregate SRC Remittances for {__________ 20__} BILLING MONTH ${__________} Aggregate SRC Remittances for {__________ 20__} BILLING MONTH ${__________} Total Current SRC Remittances ${__________} Current BILLING MONTH: {__/__/20__} - {__/__/20__} Executed as of this {____} day of {__________} 20{__}. Duke Energy Progress, LLC, as Servicer By: Name: Title: CC: DUKE ENERGY PROGRESS SC STORM FUNDING LLC EXHIBIT C FORM OF SEMI-ANNUAL SERVICER’S CERTIFICATE See attached SEMI-ANNUAL SERVICER’S CERTIFICATE Pursuant to Section 4.01(c)(ii) of the Storm Recovery Property Servicing Agreement, dated as of [ ]April 25, 2024 (the “Servicing Agreement”), by and between Duke Energy Progress, LLC, as servicer (the “Servicer”), and Duke Energy Progress SC Storm Funding LLC, the Servicer does hereby certify, for the {__________}, 20{__} Payment Date (the “Current Payment Date”), as follows: Capitalized terms used but not defined herein have their respective meanings as set forth in the Servicing Agreement. References herein to certain sections and subsections are references to the respective sections of the Servicing Agreement or the Indenture, as the context indicates. Collection Periods: {__________} to {__________} Payment Date: {__________}, 20{__}

Appears in 2 contracts

Samples: Recovery Property Servicing Agreement (Duke Energy Progress SC Storm Funding LLC), Recovery Property Servicing Agreement (Duke Energy Progress SC Storm Funding LLC)

No Advances. The Servicer shall not be obligated to advance any of its own funds to the Issuer. EXHIBIT B FORM OF MONTHLY SERVICER’S CERTIFICATE See Attached MONTHLY SERVICER’S CERTIFICATE DUKE ENERGY PROGRESS SC STORM FUNDING VIRGINIA POWER FUEL SECURITIZATION, LLC $[ ] Storm Recovery Senior Secured Storm Recovery Deferred Fuel Cost Bonds Pursuant to Section 3.01(b3.01(b)(i) of the Storm Recovery Deferred Fuel Cost Property Servicing Agreement Agreement, dated as of [ ], 2024 2024, by and between Duke Energy Progress, LLCVirginia Electric and Power Company, as Servicer, and Duke Energy Progress SC Storm Funding Virginia Power Fuel Securitization, LLC, as Issuer Issuer, and acknowledged and accepted by U.S. Bank Trust Company, National Association, not in its individual capacity, but solely in its capacity as indenture trustee (the “Servicing Agreement”), the Servicer does hereby certify as follows: Capitalized terms used but not defined in this Monthly Servicer’s Certificate have their respective meanings as set forth in the Servicing Agreement. References herein to certain sections and subsections are references to the respective sections or subsections of the Servicing Agreement. Current BILLING MONTH: {__________{ } Current BILLING MONTH: {__/__/20__{ / /20 } - {__/__/20__{ / /20 } Standard Billing for prior BILLING MONTH Residential Total Billed ${__________} Residential STORM RECOVERY CHARGE Deferred Fuel Cost Charge (“SRCDFCC”) Billed ${__________$ { } {_.____}% Small General Service Total { . } % Commercial DFCC Billed ${__________$ { } Small General Service SRC { . } % Industrial DFCC Billed ${__________$ { } {_.____}% Medium General Service Billed ${__________{ . } Medium General Service SRC Billed ${__________} {_.____}% Large General Service Total Billed ${__________} Large General Service SRC Billed ${__________} {_.____}% Lighting Total Billed ${__________} Lighting SRC Billed ${__________} {_.____}% % YTD Net Write-offs as a % of Billed Revenue Non-Residential Class Customer Write-offs {_.____}% { . } % Residential Class Customer Write-offs {_.____}% { . } % Total Write-offs {_.____}% { . } % Aggregate SRC DFCC Collections Total SRC DFCC Remitted for BILLING MONTH Residential SRC DFCC Collected ${__________$ { } Small General Service SRC Commercial DFCC Collected ${__________$ { } Medium General Service SRC Industrial DFCC Collected ${__________} Large General Service SRC Collected ${__________} Lighting SRC Collected ${__________} Sub-Total of SRC Collected ${__________$ { } Total SRC DFCC Collected and Remitted ${__________$ { } Aggregate SRC DFCC Remittances for {__________ 20__{ 20 } BILLING MONTH ${__________$ { } Aggregate SRC DFCC Remittances for {__________ 20__{ 20 } BILLING MONTH ${__________$ { } Aggregate SRC DFCC Remittances for {__________ 20__{ 20 } BILLING MONTH ${__________$ { } Total Current SRC DFCC Remittances ${__________$ { } Current BILLING MONTH: {__/__/20__{ / /20 } - {__/__/20__{ / /20 } Executed as of this {____{ } day of {__________{ } 20{__{ }. Duke Energy Progress, LLCVirginia Electric and Power Company, as Servicer By: Name: Title: CC: DUKE ENERGY PROGRESS SC STORM FUNDING Virginia Power Fuel Securitization, LLC EXHIBIT C FORM OF SEMI-ANNUAL SERVICER’S CERTIFICATE See attached SEMI-ANNUAL SERVICER’S CERTIFICATE Pursuant to Section 4.01(c)(ii) of the Storm Recovery Deferred Fuel Cost Property Servicing Agreement, dated as of [ ], 2024 (the “Servicing Agreement”), by and between Duke Energy Progress, LLCVirginia Electric and Power Company, as servicer (the “Servicer”), and Duke Energy Progress SC Storm Funding LLCVirginia Power Fuel Securitization, LLC and acknowledged and accepted by U.S. Bank Trust Company, National Association, not in its individual capacity, but solely in its capacity as indenture trustee (the “Indenture Trustee”), the Servicer does hereby certify, for the {__________{ }, 20{__{ } Payment Date (the “Current Payment Date”), as follows: Capitalized terms used but not defined herein have their respective meanings as set forth in the Servicing Agreement. References herein to certain sections and subsections are references to the respective sections of the Servicing Agreement or the Indenture, as the context indicates. Collection Periods: {__________{ } to {__________{ } Payment Date: {__________{ }, 20{__{ }

Appears in 1 contract

Samples: Cost Property Servicing Agreement (Virginia Power Fuel Securitization, LLC)

No Advances. The Servicer shall not be obligated to advance any of its own funds to the Issuer. EXHIBIT B FORM OF MONTHLY SERVICER’S CERTIFICATE See Attached MONTHLY SERVICER’S CERTIFICATE DUKE ENERGY PROGRESS SC STORM FUNDING VIRGINIA POWER FUEL SECURITIZATION, LLC $[ ] Storm Recovery 2024 Senior Secured Storm Recovery Deferred Fuel Cost Bonds Pursuant to Section 3.01(b3.01(b)(i) of the Storm Recovery Deferred Fuel Cost Property Servicing Agreement Agreement, dated as of [ ]February 14, 2024 2024, by and between Duke Energy Progress, LLCVirginia Electric and Power Company, as Servicer, and Duke Energy Progress SC Storm Funding Virginia Power Fuel Securitization, LLC, as Issuer Issuer, and acknowledged and accepted by U.S. Bank Trust Company, National Association, not in its individual capacity, but solely in its capacity as indenture trustee (the “Servicing Agreement”), the Servicer does hereby certify as follows: Capitalized terms used but not defined in this Monthly Servicer’s Certificate have their respective meanings as set forth in the Servicing Agreement. References herein to certain sections and subsections are references to the respective sections or subsections of the Servicing Agreement. Current BILLING MONTH: {__________{ } Current BILLING MONTH: {__/__/20__{ / /20 } - {__/__/20__{ / /20 } Standard Billing for prior BILLING MONTH Residential Total Billed ${__________} Residential STORM RECOVERY CHARGE Deferred Fuel Cost Charge (“SRCDFCC”) Billed ${__________$ { } {_.____}% Small General Service Total { . } % Commercial DFCC Billed ${__________$ { } Small General Service SRC { . } % Industrial DFCC Billed ${__________$ { } {_.____}% Medium General Service Billed ${__________{ . } Medium General Service SRC Billed ${__________} {_.____}% Large General Service Total Billed ${__________} Large General Service SRC Billed ${__________} {_.____}% Lighting Total Billed ${__________} Lighting SRC Billed ${__________} {_.____}% % YTD Net Write-offs as a % of Billed Revenue Non-Residential Class Customer Write-offs {_.____}% { . } % Residential Class Customer Write-offs {_.____}% { . } % Total Write-offs {_.____}% { . } % Aggregate SRC DFCC Collections Total SRC DFCC Remitted for BILLING MONTH Residential SRC DFCC Collected ${__________$ { } Small General Service SRC Commercial DFCC Collected ${__________$ { } Medium General Service SRC Industrial DFCC Collected ${__________} Large General Service SRC Collected ${__________} Lighting SRC Collected ${__________} Sub-Total of SRC Collected ${__________$ { } Total SRC DFCC Collected and Remitted ${__________$ { } Aggregate SRC DFCC Remittances for {__________ 20__{ 20 } BILLING MONTH ${__________$ { } Aggregate SRC DFCC Remittances for {__________ 20__{ 20 } BILLING MONTH ${__________$ { } Aggregate SRC DFCC Remittances for {__________ 20__{ 20 } BILLING MONTH ${__________$ { } Total Current SRC DFCC Remittances ${__________$ { } Current BILLING MONTH: {__/__/20__{ / /20 } - {__/__/20__{ / /20 } Executed as of this {____{ } day of {__________{ } 20{__{ }. Duke Energy Progress, LLCVirginia Electric and Power Company, as Servicer By: Name: Title: CC: DUKE ENERGY PROGRESS SC STORM FUNDING Virginia Power Fuel Securitization, LLC EXHIBIT C FORM OF SEMI-ANNUAL SERVICER’S CERTIFICATE See attached SEMI-ANNUAL SERVICER’S CERTIFICATE Pursuant to Section 4.01(c)(ii) of the Storm Recovery Deferred Fuel Cost Property Servicing Agreement, dated as of [ ]February 14, 2024 (the “Servicing Agreement”), by and between Duke Energy Progress, LLCVirginia Electric and Power Company, as servicer (the “Servicer”), and Duke Energy Progress SC Storm Funding LLCVirginia Power Fuel Securitization, LLC and acknowledged and accepted by U.S. Bank Trust Company, National Association, not in its individual capacity, but solely in its capacity as indenture trustee (the “Indenture Trustee”), the Servicer does hereby certify, for the {__________{ }, 20{__{ } Payment Date (the “Current Payment Date”), as follows: Capitalized terms used but not defined herein have their respective meanings as set forth in the Servicing Agreement. References herein to certain sections and subsections are references to the respective sections of the Servicing Agreement or the Indenture, as the context indicates. Collection Periods: {__________{ } to {__________{ } Payment Date: {__________{ }, 20{__{ }

Appears in 1 contract

Samples: Cost Property Servicing Agreement (Virginia Power Fuel Securitization, LLC)

AutoNDA by SimpleDocs

No Advances. The Servicer shall not be obligated to advance any of its own funds to the Issuer. EXHIBIT B FORM OF MONTHLY SERVICER’S CERTIFICATE See Attached MONTHLY SERVICER’S CERTIFICATE DUKE ENERGY PROGRESS SC STORM FUNDING FLORIDA PROJECT FINANCE, LLC $[ ] Storm Recovery Senior Secured Storm Series A Nuclear Asset-Recovery Bonds Pursuant to Section 3.01(b) of the Storm Nuclear Asset-Recovery Property Servicing Agreement dated as of [ ], 2024 20 ] by and between Duke Energy ProgressFlorida, LLC, as Servicer, and Duke Energy Progress SC Storm Funding Florida Project Finance, LLC, as Issuer (the “Servicing Agreement”), the Servicer does hereby certify as follows: Capitalized terms used but not defined in this Monthly Servicer’s Certificate have their respective meanings as set forth in the Servicing Agreement. References herein to certain sections and subsections are references to the respective sections or subsections of the Servicing Agreement. Current BILLING MONTH: {__________{ } Current BILLING MONTH: {__/__/20__{ / /20 } - {__/__/20__{ / /20 } Standard Billing for prior BILLING MONTH Residential Total Billed ${__________$ { } Residential STORM NUCLEAR ASSET-RECOVERY CHARGE (“SRCNARC”) Billed ${__________$ { } {_.____}% Small { . }% General Service Non-Demand Total Billed ${__________$ { } Small General Service SRC Non-Demand NARC Billed ${__________$ { } {_.____}% Medium { . }% General Service Billed ${__________$ { } Medium General Service SRC NARC Billed ${__________$ { } {_.____}% Large { . }% General Service Demand Total Billed ${__________$ { } Large General Service SRC Demand NARC Billed ${__________$ { } {_.____}% { . }% Curtailable Total Billed $ { } Curtailable NARC Billed $ { } { . }% Interruptible Total Billed $ { } Interruptible NARC Billed $ { } { . }% Lighting Total Billed ${__________$ { } Lighting SRC NARC Billed ${__________$ { } {_.____}% { . }% YTD Net Write-offs as a % of Billed Revenue Non-Residential Class Customer Write-offs {_.____}% { . }% Residential Class Customer Write-offs {_.____}% { . }% Total Write-offs {_.____}% { . }% Aggregate SRC NARC Collections Total SRC NARC Remitted for BILLING MONTH Residential SRC NARC Collected ${__________$ { } Small General Service SRC Non-Demand NARC Collected ${__________$ { } Medium General Service SRC NARC Collected ${__________$ { } Large General Service SRC Demand NARC Collected ${__________$ { } Curtailable NARC Collected $ { } Interruptible NARC Collected $ { } Lighting SRC NARC Collected ${__________$ { } Sub-Total of SRC NARC Collected ${__________$ { } Total SRC NARC Collected and Remitted ${__________$ { } Aggregate SRC NARC Remittances for {__________ 20__{ 20 } BILLING MONTH ${__________$ { } Aggregate SRC NARC Remittances for {__________ 20__{ 20 } BILLING MONTH ${__________$ { } Aggregate SRC NARC Remittances for {__________ 20__{ 20 } BILLING MONTH ${__________$ { } Total Current SRC NARC Remittances ${__________$ { } Current BILLING MONTH: {__/__/20__{ / /20 } - {__/__/20__{ / /20 } Executed as of this {____{ } day of {__________{ } 20{__{ }. Duke Energy ProgressDUKE ENERGY FLORIDA, LLC, as Servicer By: Name: Title: CC: DUKE ENERGY PROGRESS SC STORM FUNDING FLORIDA PROJECT FINANCE, LLC EXHIBIT C FORM OF SEMI-ANNUAL SERVICER’S CERTIFICATE See attached E-C-1 SEMI-ANNUAL SERVICER’S CERTIFICATE Pursuant to Section 4.01(c)(ii) of the Storm Nuclear Asset-Recovery Property Servicing Agreement, dated as of [ ], 2024 20 ] (the “Servicing Agreement”), by and between Duke Energy ProgressDUKE ENERGY FLORIDA, LLC, as servicer (the “Servicer”), and Duke Energy Progress SC Storm Funding Florida Project Finance, LLC, the Servicer does hereby certify, for the {__________{ }, 20{__{ } Payment Date (the “Current Payment Date”), as follows: Capitalized terms used but not defined herein have their respective meanings as set forth in the Servicing Agreement. References herein to certain sections and subsections are references to the respective sections of the Servicing Agreement or the Indenture, as the context indicates. Collection Periods: {__________{ } to {__________{ } Payment Date: {__________{ }, 20{__{ }

Appears in 1 contract

Samples: Property Servicing Agreement (Duke Energy Florida, Llc.)

No Advances. The Servicer shall not be obligated to advance any of its own funds to the Issuer. EXHIBIT B FORM OF MONTHLY SERVICER’S CERTIFICATE See Attached MONTHLY SERVICER’S CERTIFICATE DUKE ENERGY PROGRESS SC STORM FUNDING VIRGINIA POWER FUEL SECURITIZATION, LLC $[ ] Storm Recovery 2024 Senior Secured Storm Recovery Deferred Fuel Cost Bonds Pursuant to Section 3.01(b3.01(b)(i) of the Storm Recovery Deferred Fuel Cost Property Servicing Agreement Agreement, dated as of [ ]February 14, 2024 2024, by and between Duke Energy Progress, LLCVirginia Electric and Power Company, as Servicer, and Duke Energy Progress SC Storm Funding Virginia Power Fuel Securitization, LLC, as Issuer Issuer, and acknowledged and accepted by U.S. Bank Trust Company, National Association, not in its individual capacity, but solely in its capacity as indenture trustee (the “Servicing Agreement”), the Servicer does hereby certify as follows: Capitalized terms used but not defined in this Monthly Servicer’s Certificate have their respective meanings as set forth in the Servicing Agreement. References herein to certain sections and subsections are references to the respective sections or subsections of the Servicing Agreement. Current BILLING MONTH: {__________{ } Current BILLING MONTH: {__/__/20__{ / /20 } - {__/__/20__{ / /20 } Standard Billing for prior BILLING MONTH Residential Total Billed ${__________} Residential STORM RECOVERY CHARGE Deferred Fuel Cost Charge (“SRCDFCC”) Billed ${__________$ { } {_.____}% Small General Service Total . }% Commercial DFCC Billed ${__________} Small General Service SRC Billed ${__________$ { } {_.____}% Medium General Service . }% Industrial DFCC Billed ${__________} Medium General Service SRC Billed ${__________$ { } {_.____}% Large General Service Total Billed ${__________} Large General Service SRC Billed ${__________} {_.____}% Lighting Total Billed ${__________} Lighting SRC Billed ${__________} {_.____}% . }% YTD Net Write-offs as a % of Billed Revenue Non-Residential Class Customer Write-offs {_.____}% . }% Residential Class Customer Write-offs {_.____}% . }% Total Write-offs {_.____}% . }% Aggregate SRC DFCC Collections Total SRC DFCC Remitted for BILLING MONTH Residential SRC DFCC Collected ${__________$ { } Small General Service SRC Commercial DFCC Collected ${__________$ { } Medium General Service SRC Industrial DFCC Collected ${__________} Large General Service SRC Collected ${__________} Lighting SRC Collected ${__________} Sub-Total of SRC Collected ${__________$ { } Total SRC DFCC Collected and Remitted ${__________$ { } Aggregate SRC DFCC Remittances for {__________ 20__{ 20 } BILLING MONTH ${__________$ { } Aggregate SRC DFCC Remittances for {__________ 20__{ 20 } BILLING MONTH ${__________$ { } Aggregate SRC DFCC Remittances for {__________ 20__{ 20 } BILLING MONTH ${__________$ { } Total Current SRC DFCC Remittances ${__________$ { } Current BILLING MONTH: {__/__/20__{ / /20 } - {__/__/20__{ / /20 } Executed as of this {____{ } day of {__________{ } 20{__{ }. Duke Energy Progress, LLCVirginia Electric and Power Company, as Servicer By: Name: Title: CC: DUKE ENERGY PROGRESS SC STORM FUNDING LLC EXHIBIT C FORM OF SEMI-ANNUAL SERVICER’S CERTIFICATE See attached SEMI-ANNUAL SERVICER’S CERTIFICATE Pursuant to Section 4.01(c)(ii) of the Storm Recovery Property Servicing Agreement, dated as of [ ], 2024 (the “Servicing Agreement”), by and between Duke Energy Progress, LLC, as servicer (the “Servicer”), and Duke Energy Progress SC Storm Funding LLC, the Servicer does hereby certify, for the {__________}, 20{__} Payment Date (the “Current Payment Date”), as follows: Capitalized terms used but not defined herein have their respective meanings as set forth in the Servicing Agreement. References herein to certain sections and subsections are references to the respective sections of the Servicing Agreement or the Indenture, as the context indicates. Collection Periods: {__________} to {__________} Payment Date: {__________}, 20{__}:

Appears in 1 contract

Samples: Cost Property Servicing Agreement (Virginia Power Fuel Securitization, LLC)

No Advances. The Servicer shall not be obligated to advance any of its own funds to the Issuer. EXHIBIT B FORM OF MONTHLY SERVICER’S CERTIFICATE See Attached MONTHLY SERVICER’S CERTIFICATE DUKE ENERGY PROGRESS SC CAROLINAS NC STORM FUNDING LLC $[ ] Storm Recovery Senior Secured Storm Recovery Bonds Pursuant to Section 3.01(b) of the Storm Recovery Property Servicing Agreement dated as of [ ]June 22, 2024 2016 by and between Duke Energy ProgressCarolinas, LLC, as Servicer, and Duke Energy Progress SC Carolinas NC Storm Funding LLC, as Issuer (the “Servicing Agreement”), the Servicer does hereby certify as follows: Capitalized terms used but not defined in this Monthly Servicer’s Certificate have their respective meanings as set forth in the Servicing Agreement. References herein to certain sections and subsections are references to the respective sections or subsections of the Servicing Agreement. Current BILLING MONTH: {__________} Current BILLING MONTH: {__/__/20__} - {__/__/20__} Standard Billing for prior BILLING MONTH Residential Total Billed ${__________} Residential STORM RECOVERY CHARGE (“SRC”) Billed ${__________} {_.____}% Small General Service Total Billed ${__________} Small General Service SRC Billed ${__________} {_.____}% Medium General Service Billed ${__________} Medium General Service SRC Billed ${__________} {_.____}% Large General Service Total Billed ${__________} Large General Service SRC Billed ${__________} {_.____}% Lighting Total Billed ${__________} Lighting SRC Billed ${__________} {_.____}% YTD Net Write-offs as a % of Billed Revenue Non-Residential Class Customer Write-offs {_.____}% Residential Class Customer Write-offs {_.____}% Total Write-offs {_.____}% Aggregate SRC Collections Total SRC Remitted for BILLING MONTH Residential SRC Collected ${__________} Small General Service SRC Collected ${__________} Medium General Service SRC Collected ${__________} Large General Service SRC Collected ${__________} Lighting SRC Collected ${__________} Sub-Total of SRC Collected ${__________} Total SRC Collected and Remitted ${__________} Aggregate SRC Remittances for {__________ 20__} BILLING MONTH ${__________} Aggregate SRC Remittances for {__________ 20__} BILLING MONTH ${__________} Aggregate SRC Remittances for {__________ 20__} BILLING MONTH ${__________} Total Current SRC Remittances ${__________} Current BILLING MONTH: {__/__/20__} - {__/__/20__} Executed as of this {____} day of {__________} 20{__}. Duke Energy ProgressCarolinas, LLC, as Servicer By: Name: Title: CC: DUKE ENERGY PROGRESS SC CAROLINAS NC STORM FUNDING LLC EXHIBIT C FORM OF SEMI-ANNUAL SERVICER’S CERTIFICATE See attached SEMI-ANNUAL SERVICER’S CERTIFICATE Pursuant to Section 4.01(c)(ii) of the Storm Recovery Property Servicing Agreement, dated as of [ ], 2024 2021 (the “Servicing Agreement”), by and between Duke Energy ProgressCarolinas, LLC, as servicer (the “Servicer”), and Duke Energy Progress SC Carolinas NC Storm Funding LLC, the Servicer does hereby certify, for the {__________}, 20{__} Payment Date (the “Current Payment Date”), as follows: Capitalized terms used but not defined herein have their respective meanings as set forth in the Servicing Agreement. References herein to certain sections and subsections are references to the respective sections of the Servicing Agreement or the Indenture, as the context indicates. Collection Periods: {__________} to {__________} Payment Date: {__________}, 20{__}

Appears in 1 contract

Samples: Recovery Property Servicing Agreement (Duke Energy Carolinas NC Storm Funding LLC)

No Advances. The Servicer shall not be obligated to advance any of its own funds to the Issuer. EXHIBIT B FORM OF MONTHLY SERVICER’S CERTIFICATE See Attached MONTHLY SERVICER’S CERTIFICATE DUKE ENERGY PROGRESS SC NC STORM FUNDING LLC $[ ] Storm Recovery Senior Secured Storm Recovery Bonds Pursuant to Section 3.01(b) of the Storm Recovery Property Servicing Agreement dated as of [ ]June 22, 2024 2016 by and between Duke Energy Progress, LLC, as Servicer, and Duke Energy Progress SC NC Storm Funding LLC, as Issuer (the “Servicing Agreement”), the Servicer does hereby certify as follows: Capitalized terms used but not defined in this Monthly Servicer’s Certificate have their respective meanings as set forth in the Servicing Agreement. References herein to certain sections and subsections are references to the respective sections or subsections of the Servicing Agreement. Current BILLING MONTH: {__________} Current BILLING MONTH: {__/__/20__} - {__/__/20__} Standard Billing for prior BILLING MONTH Residential Total Billed $$ {___________ } Residential STORM RECOVERY CHARGE (“SRC”) Billed $$ {___________ } {_.____}% .____ }% Small General Service Total Billed $$ {___________ } Small General Service SRC Billed $$ {___________ } {_.____}% .____ }% Medium General Service Billed $$ {___________ } Medium General Service SRC Billed $$ {___________ } {_.____}% .____ }% Large General Service Total Billed $$ {___________ } Large General Service SRC Billed $$ {___________ } {_.____}% .____ }% Lighting Total Billed $$ {___________ } Lighting SRC Billed $$ {___________ } {_.____}% .____ }% YTD Net Write-offs as a % of Billed Revenue Non-Residential Class Customer Write-offs {_.____}% .____ }% Residential Class Customer Write-offs {_.____}% .____ }% Total Write-offs {_.____}% .____ }% Aggregate SRC Collections Total SRC Remitted for BILLING MONTH Residential SRC Collected $$ {___________ } Small General Service SRC Collected $$ {___________ } Medium General Service SRC Collected $$ {___________ } Large General Service SRC Collected $$ {___________ } Lighting SRC Collected $$ {___________ } Sub-Total of SRC Collected $$ {___________ } Total SRC Collected and Remitted $$ {___________ } Aggregate SRC Remittances for {__________ 20__} BILLING MONTH $$ {___________ } Aggregate SRC Remittances for {__________ 20__} BILLING MONTH $$ {___________ } Aggregate SRC Remittances for {__________ 20__} BILLING MONTH $$ {___________ } Total Current SRC Remittances $$ {___________ } Current BILLING MONTH: {__/__/20__} - {__/__/20__} Executed as of this {____} day of {__________} 20{__}. Duke Energy Progress, LLC, as Servicer By: Name: Title: CC: DUKE ENERGY PROGRESS SC STORM FUNDING LLC EXHIBIT C FORM OF SEMI-ANNUAL SERVICER’S CERTIFICATE See attached SEMI-ANNUAL SERVICER’S CERTIFICATE Pursuant to Section 4.01(c)(ii) of the Storm Recovery Property Servicing Agreement, dated as of [ ], 2024 (the “Servicing Agreement”), by and between Duke Energy Progress, LLC, as servicer (the “Servicer”), and Duke Energy Progress SC Storm Funding LLC, the Servicer does hereby certify, for the {__________}, 20{__} Payment Date (the “Current Payment Date”), as follows: Capitalized terms used but not defined herein have their respective meanings as set forth in the Servicing Agreement. References herein to certain sections and subsections are references to the respective sections of the Servicing Agreement or the Indenture, as the context indicates. Collection Periods: {__________} to {__________} Payment Date: {__________}, 20{__}:

Appears in 1 contract

Samples: Recovery Property Servicing Agreement (Duke Energy Progress NC Storm Funding LLC)

Time is Money Join Law Insider Premium to draft better contracts faster.