Bond Charge definition
Examples of Bond Charge in a sentence
As various Commission proceedings are finalized DWR will also require specific data related to Bond Charge remittances and to Direct Access exit fees.
The Servicer shall enforce the obligations of any Third Parties providing billing and collection services with respect to the Transition Bond Charge.
The Servicer will manage, service, administer and make collections in respect of the Transition Bond Charge.
The Servicer shall perform the calculations and take the actions relating to adjusting the Transition Bond Charge, as set forth in Section 5 of Annex 1, at the times indicated therein.
As provided in the Financing Order, the back of the ▇▇▇▇ shall display the Fixed Recovery Charge as the “Recovery Bond Charge” and the Customer Credit as the “Recovery Bond Credit” and shall state as follows: “Recovery Bond Charge: Your ▇▇▇▇ for electric service includes a charge that has been approved by the CPUC to repay bonds issued for certain costs related to catastrophic wildfires.
The Servicer shall permit the Issuer and the Trustee or their respective duly authorized representatives, attorneys, agents or auditors at any time during normal business hours to inspect, audit and make copies of and abstracts from the Servicer's records regarding the Transferred Bondable Transition Property, the Transition Bond Charge and the Bondable Transition Property Documentation.
In the event that the Seller is no longer acting as the Servicer under the Servicing Agreement, if the Seller receives collections of the Transition Bond Charge with respect to the Transferred Bondable Transition Property or the proceeds thereof, the Seller shall pay the Servicer, on behalf of the Issuer, all payments received by the Seller in respect thereof as soon as practicable after receipt thereof by the Seller, but in no event later than two Business Days after such receipt.
In addition, so long as any of the Transition Bonds of any Series are Outstanding, the Servicer shall provide to the Issuer and to the Trustee, within a reasonable time after written request therefor, any information available to the Servicer or reasonably obtainable by the Servicer that is necessary to calculate the Transition Bond Charge.
The assumptions used in calculating the Transition Bond Charge in any Advice Letter delivered by the Seller to the BPU pursuant to the Financing Order are reasonable and made in good faith.
The Servicer shall perform the calculations and take the actions relating to adjusting the Transition Bond Charge, as set forth in Annex 1.