Common use of Payment Processing; Allocation; Priority of Payments Clause in Contracts

Payment Processing; Allocation; Priority of Payments. (i) The Servicer shall post all payments received to Consumer or ESP accounts as promptly as practicable, and, in any event, substantially all payments shall be posted no later than three (3) Business Days after receipt. (ii) Subject to clause (iii) below, the Servicer shall apply payments received to each Consumer’s or each Applicable ESP’s account in proportion to the charges contained on the outstanding ▇▇▇▇ to such Consumer or Applicable ESP. (iii) Any amounts collected by the Servicer that represent partial payments of the total ▇▇▇▇ to a Consumer or ESP shall be allocated as follows: (A) first to amounts owed to the Issuer, PG&E and any other affiliate of PG&E which is owed “fixed recovery charges” as defined in Section 850(b)(7) of the Wildfire Financing Law and other fees and charges, (excluding any late fees), regardless of age, pro rata in proportion to the ratio of billed amounts for the Fixed Recovery Charges to the total billed amount; then (B) all late charges shall be allocated to the Servicer; provided that penalty payments owed on late payments of Fixed Recovery Charges shall be allocated to the Issuer in accordance with the terms of the Tariff. (iv) The Servicer shall hold all over-payments for the benefit of the Issuer and PG&E and shall apply such funds to future ▇▇▇▇ charges in accordance with clauses (ii) and (iii) as such charges become due.

Payment Processing; Allocation; Priority of Payments. (i) The Servicer shall post all payments received to Consumer or ESP accounts as promptly as practicable, and, in any event, substantially all payments shall be posted no later than three (3) Business Days after receipt. (ii) Subject to clause (iii) below, the Servicer shall apply payments received to each Consumer’s or each Applicable ESP’s account in proportion to the charges contained on the outstanding ▇▇▇▇ to such Consumer or Applicable ESP. (iii) Any amounts collected by the Servicer that represent partial payments of the total ▇▇▇▇ to a Consumer or ESP shall be allocated as follows: (A) first to amounts owed to the Issuer, PG&E SCE and any other affiliate of PG&E SCE which is owed “fixed recovery charges” as defined in Section 850(b)(7) of the Wildfire Financing Securitization Law and other fees and charges, (excluding any late fees), regardless of age, pro rata in proportion to the ratio their respective percentages of billed amounts for the Fixed Recovery Charges to the total billed amountamount of their combined outstanding charges on such ▇▇▇▇; then (B) all late charges shall be allocated to the Servicer; provided that penalty payments owed on late payments of Fixed Recovery Charges shall be allocated to the Issuer in accordance with the terms of the Tariff. (iv) The Servicer shall hold all over-payments for the benefit of the Issuer and PG&E SCE and shall apply such funds to future ▇▇▇▇ charges in accordance with clauses (ii) and (iii) as such charges become due.

Payment Processing; Allocation; Priority of Payments. (i) The Servicer shall post all payments received to Consumer or ESP accounts as promptly as practicable, and, in any event, substantially all payments shall be posted no later than three (3) Business Days after receipt. (ii) Subject to clause (iii) below, the Servicer shall apply payments received to each Consumer’s or each Applicable ESP’s account in proportion to the charges contained on the outstanding ▇▇▇▇ Bill to such Consumer or Applicable ESP. (iii) Any amounts collected by the Servicer that represent partial payments of the total ▇▇▇▇ Bill to a Consumer or ESP shall be allocated as follows: (A) first to amounts owed to the Issuer, PG&E and any other affiliate of PG&E which is owed “fixed recovery charges” as defined in Section 850(b)(7) of the Wildfire Financing Law and other fees and charges, (excluding any late fees), regardless of age, pro rata in proportion to the ratio of billed amounts for the Fixed Recovery Charges to the total billed amount; then (B) all late charges shall be allocated to the Servicer; provided that penalty payments owed on late payments of Fixed Recovery Charges shall be allocated to the Issuer in accordance with the terms of the Tariff. (iv) The Servicer shall hold all over-payments for the benefit of the Issuer and PG&E and shall apply such funds to future ▇▇▇▇ Bill charges in accordance with clauses (ii) and (iii) above as such charges become due.

Payment Processing; Allocation; Priority of Payments. (i) The Servicer shall post all payments received to Consumer or ESP accounts as promptly as practicable, and, in any event, substantially all payments shall be posted no later than three (3) Business Days after receipt. (ii) Subject to clause (iii) below, the Servicer shall apply payments received to each Consumer’s or each Applicable ESP’s account in proportion to the charges contained on the outstanding ▇▇▇▇ Bill to such Consumer or Applicable ESP. (iii) Any amounts collected by the Servicer that represent partial payments of the total ▇▇▇▇ Bill to a Consumer or ESP shall be allocated as follows: (A) first to amounts owed to the Issuer, PG&E SCE and any other affiliate of PG&E SCE which is owed “fixed recovery charges” as defined in Section 850(b)(7) of the Wildfire Financing Securitization Law and other fees and charges, (excluding any late fees), regardless of age, pro rata in proportion to the ratio their respective percentages of billed amounts for the Fixed Recovery Charges to the total billed amountamount of their combined outstanding charges on such Bill; then (B) all late charges shall be allocated to the Servicer; provided that penalty payments owed on late payments of Fixed Recovery Charges shall be allocated to the Issuer in accordance with the terms of the Tariff. (iv) The Servicer shall hold all over-payments for the benefit of the Issuer and PG&E SCE and shall apply such funds to future ▇▇▇▇ Bill charges in accordance with clauses (ii) and (iii) as such charges become due.

Payment Processing; Allocation; Priority of Payments. (i) The Servicer shall post all payments received to Consumer or ESP accounts as promptly as practicable, and, in any event, substantially all payments shall be posted no later than three (3) Business Days after receipt. (ii) Subject to clause (iii) below, the Servicer shall apply payments received to each Consumer’s or each Applicable ESP’s account in proportion to the charges contained on the outstanding ▇▇▇▇ Bill to such Consumer or Applicable ESP. (iii) Any amounts collected by the Servicer that represent partial payments of the total ▇▇▇▇ Bill to a Consumer or ESP shall be allocated as follows: (A) first to amounts owed to the Issuer, PG&E and any other affiliate of PG&E which is owed “fixed recovery charges” as defined in Section 850(b)(7) of the Wildfire Financing Law and other fees and charges, (excluding any late fees), regardless of age, pro rata in proportion to the ratio of billed amounts for the Fixed Recovery Charges to the total billed amount; then (B) all late charges shall be allocated to the Servicer; provided that penalty payments owed on late payments of Fixed Recovery Charges shall be allocated to the Issuer in accordance with the terms of the Tariff. (iv) The Servicer shall hold all over-payments for the benefit of the Issuer and PG&E and shall apply such funds to future ▇▇▇▇ Bill charges in accordance with clauses (ii) and (iii) above as such charges become due.