Financing Order definition
Examples of Financing Order in a sentence
Table 1 shows estimated Ongoing Financing Costs for the next two payment periods to be recovered through Fixed Recovery Charges in accordance with the Financing Order.
The Indenture Trustee, at the written direction of the Issuer or Servicer on its behalf, will disburse amounts credited to the Upfront Financing Cost Account to pay “Upfront Financing Costs” (as defined in the Financing Order).
For purposes of this paragraph (a), any amendment that increases the Servicing Fee payable to a successor Servicer shall not be treated as adversely affecting the interests of any Bondholder so long as the Servicing Fee is within the range approved in the Financing Order.
The asset sold is Recovery Property, a current property right that was created by Article 5.8 as the right, title and interest in and to all (i) Fixed Recovery Charges established pursuant to the Financing Order, including all rights to obtain adjustments, and (ii) revenues, collections, claims, payments, monies, or proceeds of or arising from the Fixed Recovery Charges that will cover debt service and all related Recovery Bond costs.
As provided in the Financing Order, SCE will include an explanation of the Fixed Recovery Charge in the “Things You Should Know” portion of each Consumer’s bill information noting that the Fixed Recovery Charges do not belong to the Servicer, have been transferred to the Issuer, and that the Servicer is collecting the Fixed Recovery Charges on behalf of the Issuer.