DRC Charges definition

DRC Charges means, with respect to each Series of Bonds, the charges for fixed recovery amounts authorized to be billed to Consumers in respect of Recovery Property pursuant to the Financing Order and the Issuance Advice Letter relating to such Series of Bonds, as calculated pursuant to the applicable Issuance Advice Letter and each true-up mechanism advice letter filed with the CPUC pursuant to the Financing Order.
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DRC Charges means the charges for fixed recovery amounts authorized to be billed to the Consumers in respect of Recovery Property pursuant to the Financing Order.
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Examples of DRC Charges in a sentence

  • Based on information available to the Seller on the Closing Date, the assumptions used in calculating the DRC Charges as of the Closing Date are reasonable and are made in good faith.

  • Subject to the assumptions used in calculating the DRC Charges and any other forecasts, projections and predictions about events in the future, as of the Closing Date, all written information, as amended or supplemented from time to time, provided by the Seller to the Issuer with respect to the Recovery Property is true, correct and complete in all material respects.

  • The Statute requires the CPUC to establish an effective mechanism that ensures recovery of recovery costs through DRC Charges from other existing and future Consumers.

  • The Statute also includes a pledge that the State will neither limit nor alter the Recovery Property nor any associated DRC Charges until the Bonds, together with interest thereon, have been fully discharged; provided, however, the Statute permits the State to avoid these requirements if and when adequate provision shall be made by law for the protection of holders of the Bonds.

  • In addition, so long as any of the Bonds of any Series are outstanding, the Servicer shall provide the Issuer and the Trustee, within a reasonable time after written request therefor, any information available to the Servicer or reasonably obtainable by it that is necessary to calculate the DRC Charges.

  • The Servicer shall have no other responsibility to b▇▇▇ or collect DRC Charges from or in respect of Consumers billed by entities other than ESPs.

  • The predecessor Servicer shall cooperate with the successor Servicer, the Issuer and each Trustee in effecting the termination of the responsibilities and rights of the predecessor Servicer under this Agreement, including the transfer to the successor Servicer for administration by it of all cash amounts that shall at the time be held by the predecessor Servicer for remittance, or shall thereafter be received by it with respect to the Recovery Property or the DRC Charges.

  • In addition, so long as any of the Bonds of any Series are outstanding, the Servicer shall provide the Issuer and the applicable Trustee, within a reasonable time after written request therefor, any information available to the Servicer or reasonably obtainable by it that is necessary to calculate the applicable DRC Charges.

  • The predecessor Servicer shall cooperate with the successor Servicer, the Issuer and the Trustee in effecting the termination of the responsibilities and rights of the predecessor Servicer under this Agreement, including the transfer to the successor Servicer for administration by it of all cash amounts that shall at the time be held by the predecessor Servicer for remittance, or shall thereafter be received by it with respect to the Recovery Property or the DRC Charges.

  • Each such Routine Quarterly True-Up Mechanism Advice Letter shall request adjustments to the DRC Charges projected to pay all amounts required to be paid by such DRC Charges by the earlier of the end of the then current calendar year or the latest Final Legal Maturity Date for that Series of Bonds.

Related to DRC Charges

  • SLDC Charges means the charges levied by the SLDC of the state wherein the Solar Power Project is located;

  • Track Charges means the charges payable by or on behalf of the Train Operator to Network Rail, as set out in paragraph 1 of Part 2 of Schedule 7 or under the Traction Electricity Rules;

  • Bank Charges means the charges levied by the Merchant Acquiring Bank for Transactions and Refunds. “Bank System” means the banking system operated by any approved bank, financial institution or other body.

  • Non-Cash Charges has the meaning specified in the definition of the term “Consolidated EBITDA”.

  • Rental Charges means the charges payable for renting the Vehicle from Us together with GST and any other taxes or levies which are all fully set out in the Rental Agreement.