Undercharged Amount definition

Undercharged Amount is defined in clause 7.2
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Examples of Undercharged Amount in a sentence

  • We will offer You the opportunity to pay the Undercharged Amount in instalments.

  • We will offer You the opportunity to pay the Undercharged Amount in installments.

  • Where You have been undercharged as a result of Our error, including a Metering error, We will only recover the amount undercharged in the last 12 months prior to the date on which we notified you that undercharging had occurred (the “Undercharged Amount”) and will not charge You interest on the Undercharged Amount.

  • We will show the Undercharged Amount as a separate item on Your bill, together with an explanation of the amount that was undercharged.

  • We will show the Undercharged Amount as a separate item on Your ▇▇▇▇, together with an explanation of the amount that was undercharged.

Related to Undercharged Amount

  • Charged Amounts has the meaning assigned to such term in Section 9.19.

  • Charged Assets means the assets and undertaking charged or to be charged to the Lender from time to time pursuant to the Security Documents;

  • Charged-Off Receivable means a Receivable: (i) as to which the Obligor thereof has taken any action, or suffered any event to occur, of the type described in Section 9.1(d) (as if references to Seller Party therein refer to such Obligor); (ii) as to which the Obligor thereof, if a natural person, is deceased, (iii) which, consistent with the Credit and Collection Policy, would be written off Seller’s books as uncollectible or (iv) which has been identified by Seller as uncollectible.

  • Required Daily Deposit Target Finance Charge Amount means, for any day in a Due Period, an amount equal to the Class A Tranche Interest Allocation for the related Distribution Date; provided, however, that for purposes of determining the Required Daily Deposit Target Finance Charge Amount on any day on which the Class A Tranche Interest Allocation cannot be determined because the LIBOR Determination Date for the applicable Interest Accrual Period has not yet occurred, the Required Daily Deposit Target Finance Charge Amount shall be the Class A Tranche Interest Allocation determined based on a pro forma calculation made on the assumption that LIBOR will be LIBOR for the applicable period determined on the first day of such calendar month, multiplied by 1.25.

  • Severely Distressed Receivable means, as of any date of determination, a Receivable (other than a Repurchased Receivable) (i) that is 60 or more days delinquent or, if less than 60 days delinquent, the related Obligor has experienced a hardship and, in the judgment of the Servicer in accordance with its Customary Servicing Practices, it is reasonably foreseeable that the Obligor will be unable to pay the Principal Balance of, and accrued and unpaid interest and fees on, such Receivable in accordance with its terms, (ii) that is a Defaulted Receivable, (iii) for which the Obligor is the subject of a bankruptcy or other insolvency proceeding, (iv) for which the related Financed Vehicle has been repossessed (or for which the Servicer has initiated repossession proceedings), (v) for which the related Financed Vehicle has been subject to theft or suffered destruction or damage that would be determined to be beyond repair in accordance with Customary Servicing Practices or (vi) for which the maturity date is in less than six months and, in the judgment of the Servicer in accordance with its Customary Servicing Practices, it is reasonably foreseeable that the Obligor will be unable to pay the Principal Balance of, and accrued and unpaid interest and fees on, such Receivable by the maturity date.