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 may submit a Non-Routine True-Up Adjustment to propose revisions to the logic, structure and components of the Cash Flow Model in the Financing Order.
Any such Non-Routine True-Up Adjustment Advice Letter must be submitted at least ninety (90) days before the effective date (the “ Non-Routine True-Up Effective Date”) contained in the related Non-Routine True-Up Adjustment Advice Letter.
The Servicer shall implement the revised Fixed Recovery Charges, if any, resulting from such Routine Annual True-Up Adjustment as of the Annual Adjustment Date.
More Definitions of True-Up Adjustment
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 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 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.