Common use of Summarized Collection Data Clause in Contracts

Summarized Collection Data. For the first Billing Month, the Daily Servicer’s Reports (points 1 and 3 above) are summarized into one set of reports. This summarized amount is the total Securitization Charges collected, which will be remitted to the Trustee on a daily basis. (Daily Servicer’s Report) Second Securitization Charge Rate Change Month To calculate the appropriate Securitization Ratio for the second Billing Month after the Securitization Charge Rate change: Collection Applicable to Prior Securitization Charge Rate 1. Billing Data: For the second Billing Month, the amount of Securitization Charges collected is recalculated by multiplying the KWh billed by the prior Securitization Charge Rate. The total calculated Securitization Charges billed are divided by the total charges billed by Consumers and the Servicer for each rate class. This information is then used for the second Billing Month’s second calculation process (point 2). (Monthly Ratio Analysis)