SB Charges definition

SB Charges has the meaning assigned to that term in the Act to securitization charges and which are permitted to be charged by the Financing Order except that it will be used herein to refer to the combined securitization bond charge and the securitization bond tax charge as set forth in footnote 3 on Page 5 of the Financing Order including, in the case of special contract customers, the portion of the contract charges allocated to SB Charges, and, as used herein, SB Charges shall include the revenues, collections, payments, money and proceeds arising out of the SB Charges.
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Examples of SB Charges in a sentence

  • At all times, segregate collections received on account of SB Charges and on account of any other charges from Collections within 48 hours after the receipt thereof.

  • So long as any of the Securitization Bonds are outstanding, the Seller shall not permit any AES to bill ▇▇ collect SB Charges on behalf of the Issuer unless required by applicable law or regulation and, to the extent permitted by applicable law or regulation, the Rating Agency Condition is satisfied.

  • The Servicer shall maintain at all times records and accounts that will clearly identify SB Charges billed on behalf of the Issuer.

  • Pursuant to Section 4.03(b) of the Agreement, on or before [ ] of each year, the Servicer shall calculate the amount of Deemed SB Charge Payments by multiplying the Billed SB Charges by the result of one hundred percent less the Actual Charge-Off Percent.

  • In accordance with Section 4.03(a) of the Agreement, the Servicer shall remit to the Trustee for deposit in the Collection Account an amount equal to the product of the Billed SB Charges for a particular billing date multiplied by the result of one hundred percent less the Estimated Charge-Off Percent.

  • The Servicer shall not permit any AES to bill ▇▇ collect SB Charges on behalf of the Issuer unless required by applicable law or regulation and, to the extent permitted by applicable law or regulation, the Rating Agency Condition is satisfied.

  • The Servicer shall obtain a calculation of each Customer's usage (which may be based on data obtained from such Customer's meter read or on usage estimates determined in accordance with MPSC Regulations) in accordance with the Servicer Policies and Practices and shall determine therefrom Billed SB Charges.