Overcollection definition

Overcollection means the receipt by Carrier of a payment in excess of the rates and charges applicable to the service in question. (d) "Unidentified payment" means a payment which Carrier has received for the performance of services but which Carrier is unable to match with its open accounts receivable or otherwise identify as being due. (e) "Claimant" means Shipper or any consignee, filing a request with Carrier for the refund of an overcharge, duplicate payment, or overcollection.
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Examples of Overcollection in a sentence

  • RRB Charge collections in excess of scheduled payments 868 of interest, principal, fees and expenses on RRBs will be allocated to: (i) the Reserve 869 Subaccount to the extent the amount therein has been reduced to below the initial capital 870 contribution; and (ii) the Overcollection Subaccount for any remaining amounts.

  • In the event that for any given year during the term the Granite Payment exceeds the actual NBC Distribution Costs, then NBC shall apply the excess to the NBC Strategic Technical Development Fund (a/k/a the Overcollection Fund (the "FUND")).

  • The RRB Charge collections will be deposited into an interest bearing 863 Collection Account, which is expected to consist of a General Subaccount (which will hold 864 the collections with respect to principal, interest, fees, and expenses) and at least two other 865 subaccounts: the Reserve Subaccount (which will hold PSNH’s initial capital contribution to 866 the SPSE) and the Overcollection Subaccount (which will hold any excess collections of the 867 RRB Charge as described below).

  • In the event that for any given year during the term the Station Payment exceeds the actual NBC Distribution Costs, then NBC shall apply the excess to the NBC Strategic Technical Development Fund (a/k/a the Overcollection Fund (the “Fund”)).

  • ASI will process overcharges and duplicate payments in accordance with 49 CFR part 378 (Procedures Governing the Processing, Investigation and Disposition of Overcharge, Duplicate Payment or Overcollection Claims).

  • When the RRBs are fully paid, any balance in the Overcollection Subaccount will be used to reduce the Part 2 Stranded Costs.

  • In the event that for any given year during the term the Licensee Payment exceeds the actual NBC Distribution Costs, then NBC shall apply the excess to the NBC Strategic Technical Development Fund (a/k/a the Overcollection Fund (the “Fund”)).

  • The RRB Charge collections will be deposited into an interest bearing Collection Account, which is expected to consist of a General Subaccount (which will hold the collections with respect to principal, interest, fees, and expenses) and at least two other subaccounts: the Reserve Subaccount (which will hold PSNH’s initial capital contribution to the SPSE) and the Overcollection Subaccount (which will hold any excess collections of the RRB Charge as described below).

  • At the times specified in the order and as approved by the Commission, an RRB Charge adjustment will be requested such that, during the period for which that RRB Charge will be billed, RRB Charge collections will be sufficient to: (i) pay principal and interest on the RRBs in accordance with the expected amortization schedule; (ii) pay fees and expenses related to RRBs; (iii) maintain the Reserve Subaccount balance at the required level; and (iv) reduce the balance in the Overcollection Subaccount to zero.

  • When the RRBs are 887 fully paid, any balance in the Overcollection Subaccount will be used to reduce the Part 2 888 Stranded Costs.

Related to Overcollection

  • Overcollateralized Group As defined in Section 4.03.

  • Overcollateralized Amount As of any Distribution Date, the excess, if any, of (a) the aggregate Stated Principal Balance of the Mortgage Loans for such Distribution Date over (b) the aggregate of the Class Certificate Balances of the LIBOR Certificates as of such Distribution Date (after giving effect to the payment of the Principal Remittance Amount on such Certificates on such Distribution Date).

  • Overcollateralization Amount With respect to any Distribution Date, the excess, if any, of (a) the aggregate Stated Principal Balance of the Mortgage Loans before giving effect to distributions of principal to be made on such Distribution Date over (b) the aggregate Certificate Principal Balance of the Class A Certificates and Class M Certificates immediately prior to such date.

  • REMIC I Overcollateralized Amount With respect to any date of determination, (i) 1% of the aggregate Uncertificated Balance of the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) minus (ii) the aggregate Uncertificated Balance of REMIC I Regular Interest I-LTA1, REMIC I Regular Interest I-LTA2, REMIC I Regular Interest I-LTA3, REMIC I Regular Interest I-LTA4, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3, REMIC I Regular Interest I-LTM4, REMIC I Regular Interest I-LTM5, REMIC I Regular Interest I-LTM6, REMIC I Regular Interest I-LTM7, REMIC I Regular Interest I-LTM8, REMIC I Regular Interest I-LTM9, REMIC I Regular Interest I-LTM10, in each case as of such date of determination.

  • Overcollateralization Floor With respect to any Distribution Date, 0.50% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.