Partial Collections. Upon a partial payment of amounts billed, including amounts billed under special contracts, such partial payments shall be allocated ratably among the Storm Recovery Charges and the Seller’s other billed amounts (including any accrued interest and late fees) based on the ratio of each component of the b▇▇▇ to the total b▇▇▇. If more than one Series of Storm Recovery Bonds are Outstanding, partial payments allocable to Storm Recovery Charges shall be allocated pro rata based upon the amount of Storm Recovery Charges owing with respect to each series.
Appears in 4 contracts
Sources: Storm Recovery Property Servicing Agreement (Duke Energy Carolinas NC Storm Funding LLC), Storm Recovery Property Servicing Agreement (Duke Energy Progress NC Storm Funding LLC), Storm Recovery Property Servicing Agreement (Duke Energy Progress NC Storm Funding LLC)
Partial Collections. Upon a partial payment of amounts billed, including amounts billed under special contracts, such partial payments shall be allocated ratably among the Storm Recovery Charges and the Seller’s other billed amounts (including any accrued interest and late fees) based on the ratio of each component of the b▇▇▇ bill to the total b▇▇▇bill. If more than one Series of Storm Recovery Bonds are Outstanding, partial payments allocable to Storm Recovery Charges shall be allocated pro rata based upon the amount of Storm Recovery Charges owing with respect to each series.
Appears in 3 contracts
Sources: Storm Recovery Property Servicing Agreement (Duke Energy Progress SC Storm Funding LLC), Storm Recovery Property Servicing Agreement (Duke Energy Progress NC Storm Funding LLC), Storm Recovery Property Servicing Agreement (Duke Energy Carolinas NC Storm Funding LLC)
Partial Collections. Upon a partial payment of amounts billed, including amounts billed under special contracts, such partial payments shall be allocated ratably among the Storm Storm-Recovery Charges Charges, the Tax Charge and the Seller’s 's other billed amounts (including any accrued interest and late fees) ), in chronological order of their due date, based on the ratio of each component of the b▇▇▇ bill to the total b▇▇▇bill. If more than one Series of Storm Recovery Bonds Storm-Recover▇ ▇▇nds are OutstandingOutsta▇▇▇▇g, partial payments allocable to Storm Storm-Recovery Charges shall be allocated pro rata based upon the amount of Storm Recovery Charges owing with respect to each seriesSeries.
Appears in 3 contracts
Sources: Storm Recovery Property Servicing Agreement (Florida Power & Light Co), Storm Recovery Property Servicing Agreement (FPL Recovery Funding LLC), Storm Recovery Property Servicing Agreement (FPL Recovery Funding LLC)