True-Up Adjustment definition
True-Up Adjustment means any Semi-Annual True-Up Adjustment or Interim True-Up Adjustment, as the case may be.
True-Up Adjustment means any Routine Annual True-Up Adjustment, Routine Semi-Annual True-Up Adjustment, Routine Interim True-Up Adjustment, or Non-Routine True-Up Adjustment, as the case may be.
True-Up Adjustment means the amount of under- or over-collection of NYPA’s Actual ATRR during the preceding Calendar Year, measured by the difference between the Actual ATRR and the transmission revenues received by NYPA during the preceding Calendar Year, plus interest, as calculated on Schedule F3 of the Formula using the interest rates specified in 18
Examples of True-Up Adjustment in a sentence
The Servicer shall implement the revised Securitized Utility Tariff Charges, if any, resulting from such Interim True-Up Adjustment on the Interim True-Up Adjustment Date.
For the avoidance of doubt, beginning twelve months prior to the Scheduled Final Payment Date, the Servicer shall make an Interim True-Up Adjustment, if required in accordance with this clause (ii)(A), three months prior to each Semi-Annual True-Up Adjustment Date.
Each True-Up Letter filed in connection with a Semi-Annual True-Up Adjustment or Interim True-Up Adjustment shall be filed, substantially in the form attached to the Financing Order as Appendix C.
More Definitions of True-Up Adjustment
True-Up Adjustment means each revision to the FTA Charges made in accordance with Section 4.01 or in connection with the conveyance to the Note Issuer of Subsequent Transition Property.
True-Up Adjustment means an adjustment to the Securitization Charges in accordance with Section 4.01(b) of the Servicing Agreement.
True-Up Adjustment means an adjustment to the fixed recovery charges as they appear on customer bills that is necessary to correct for any overcollection or undercollection of the fixed recovery charges authorized by a financing order and to otherwise ensure the timely and complete payment and recovery of recovery costs over the authorized repayment term.
True-Up Adjustment means a mechanism required by the Securitization Law and the Financing Order whereby the Servicer will apply to the MPSC for adjustments to the applicable Securitized Utility Tariff Charges based on actual collected Securitized Utility Tariff Charges and updated assumptions by the Servicer as to future collections of Securitized Utility Tariff Charges.
True-Up Adjustment means each adjustment to the Phase-In-Recovery Charge made pursuant to the terms of the Financing Order and in accordance with Section 4.01 hereof.
True-Up Adjustment means an adjustment to the Storm Recovery Charges in accordance with Section 4.01(b), (c), (d) or (e) of the Servicing Agreement.
True-Up Adjustment means any Routine True-Up Adjustment or Non-Routine True-Up Adjustment to any Environmental Control Charge related to the Environmental Control Property made in accordance with Article IV of the Servicing Agreement or otherwise to ensure the timely and complete payment and recovery of Environmental Control Costs and Financing Costs.