LEVELIZED PAYMENT PLAN definition
LEVELIZED PAYMENT PLAN means a billing plan offered by the Servicer which, if elected by a Customer, provides for monthly charges to such Customer on its Bills which are calculated as 1/12th of the amount billed (or which would have been billed to the Customer based on actual usage) during the preceding twelve months, with the Customer being charged or credited (as the case may be), at the time billing to the Customer under the Levelized Payment Plan terminates, for the difference between the amounts billed to the Customer pursuant to the Levelized Payment Plan and the amount that would have been billed to the Customer based on actual usage.