DRC Payments definition

DRC Payments means the payments made by Consumers, or by ESPs on behalf of Consumers, based on the DRC Charges. Notwithstanding any other provision of this Agreement, DRC Payments shall not include Retained Collections.
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Examples of DRC Payments in a sentence

  • If the Servicer is required to remit DRC Payments on a daily basis, the Servicer shall prepare and deliver to the Issuer, the Trustee and the Rating Agencies a written report substantially in the form of Exhibit D hereto with respect to each daily remittance, in addition to the monthly reports.

  • Prior to remittance, the Servicer may invest DRC Payments received at its own risk and for its own benefit, and such investments and funds shall not be required to be segregated from the other investments and funds of the Servicer.

  • The estimate of DRC Payments for any Servicer Business Day shall equal the total amount of Billed DRC Revenues for that Servicer Business Day and shall be remitted within two Servicer Business Days.

  • The Servicer further agrees not to make any claim to reduce its obligation to remit all DRC Payments collected by it in accordance with this Agreement except (i) as set forth in clauses (c), (d), (e) or (f) below and (ii) for late fees permitted by Section 6.06.

  • The Servicer also shall be entitled to retain as additional compensation (i) any net interest earnings on DRC Payments received by the Servicer and invested by the Servicer pursuant to Section 6(d) of Annex I hereto during each Collection Period prior to remittance to the applicable Collection Account and (ii) all late payment charges, if any, collected from Consumers or ESPs, to the extent available.

  • With respect to each Series of Bonds, if the Servicer is required to remit DRC Payments on a daily basis, the Servicer shall prepare and deliver to the Issuer, the Trustee and the Rating Agencies a written report substantially in the form of Exhibit D hereto with respect to each daily remittance, in addition to the monthly reports.

  • The Servicer also shall be entitled to retain as additional compensation (i) any interest earnings on DRC Payments received by the Servicer and invested by the Servicer pursuant to Section 6(d) of Annex I hereto during each Collection Period prior to remittance to the Collection Account and (ii) all late payment charges, if any, collected from Consumers or ESPs.

  • The Servicer further agrees not to make any claim to reduce its obligation to remit all DRC Payments collected by it in accordance with this Agreement except (i) as set forth in clauses (c) or (d) below and (ii) for late fees permitted by Section 6.06.