Periodic Billing Requirement definition
Periodic Billing Requirement means, for any Remittance Period, the aggregate amount of Charges calculated by the Servicer as necessary to be billed during such period in order to collect the Periodic Payment Requirement on a timely basis.
Periodic Billing Requirement means, for any Calculation Period, the aggregate amount of Securitization Charges calculated by the Servicer as necessary to be billed during such period in order to collect the Periodic Payment Requirement on a timely basis.
Periodic Billing Requirement means, for any Payment Period, the aggregate amount of Fixed Recovery Charges calculated by the Servicer, using write-offs and Average Days Sales Outstanding data as necessary to be billed during such period in order to collect the Periodic Payment Requirement on a timely basis.
Examples of Periodic Billing Requirement in a sentence
Notwithstanding the foregoing, for purposes of the first (1st) Periodic Billing Requirement, established through the Issuance Advice Letter, it may be calculated based upon a Collection Period greater or less than twelve (12) months, and the Periodic Billing Requirement calculated in the event any SAC Bonds remain outstanding following the Scheduled Final Payment Date may be calculated based upon a Collection Period of less than twelve (12) months.
More Definitions of Periodic Billing Requirement
Periodic Billing Requirement means the aggregate dollar amount of Storm Recovery Charges that must be billed during a given period (i.e., semi-annually, or such other applicable period) so that the projected SRC Collections will be timely and sufficient to meet the entire aggregate Periodic Payment Requirement for that period, based upon: (i) forecast usage data for the period; (ii) forecast uncollectibles for the period; and (iii) forecast lags in collection of billed Storm Recovery Charges for the period. In the Storm Recovery Charge Adjustment process, the over or under collection from any period will be added to or subtracted from, as the case may be, the Periodic Billing Requirement for the upcoming period.
Periodic Billing Requirement means, for any Collection Period, the aggregate amount of Environmental Control Charges calculated by the Servicer as necessary to be billed during such period in order to collect the Periodic Revenue Requirement on a timely basis.
Periodic Billing Requirement means, for any Calculation Period, the aggregate dollar amount of Storm Recovery Charges calculated by the Servicer as necessary to be billed during such period in order to collect the Periodic Payment Requirement on a timely basis.
Periodic Billing Requirement means the aggregate dollar amount of Energy Transition Charges that must be billed during a given period (i.e., semi-annually, or such other applicable period) so that the projected ETC Collections will be timely and sufficient to meet the entire aggregate Periodic Payment Requirement for that period, based upon: (i) forecast usage data for the period; (ii) forecast uncollectibles for the period; and (iii) forecast lags in collection of billed Energy Transition Charges for the period. In the Energy Transition Charge Adjustment process, the over or under collection from any period will be added to or subtracted from, as the case may be, the Periodic Billing Requirement for the upcoming period.
Periodic Billing Requirement or “PBR” means the aggregate dollar amount of SRCs that must be billed during a given period (i.e., semi‑annually or such other applicable period) so that the SRC Collections will be timely and sufficient to meet the PPR for that period, based upon: (i) forecast usage data for the period; (ii) forecast uncollectibles for the period; (iii) forecasts lags in collection of billed SRCs for the period; and (iv) projected collections of SRCs pending the implementation of the True-Up Adjustment.
Periodic Billing Requirement means, for any Calculation Period, the aggregate amount of CRR Charges calculated by the Servicer as necessary to be billed during such period in order to collect the Periodic Payment Requirement on a timely basis.
Periodic Billing Requirement means, the aggregate dollar amount of Securitized Utility Tariff Charges that must be billed during a given period after giving effect to amounts on deposit in the Excess Funds Subaccount at the time of the calculation and that are projected to be available for payment at the end of such Payment Period and any shortfalls in Period Payment Requirements for any prior Payment Period so that the Securitized Utility Tariff Charge Collections will be sufficient to meet the Periodic Payment Requirement for the period, given: (i) Forecast Usage Data for the period (ii) Forecast Uncollectible for the period; and (iii) Forecast Lags in Collection of billed Securitized Utility Tariff Charges for the period.