ERC definition

ERC means emission reductions that have been authorized by a local air pollution control district pursuant to California Division 26 Air Resources; Health and Safety Code Sections 40709 and 40709.5, by which all reductions in the emission of air contaminants that are to be used to offset certain future increases in the emission of air contaminants shall be banked prior to use to offset future increases in emissions.

ERC means, for any date of calculation, the aggregate amount of estimated remaining collections projected to be received by the Company and its Restricted Subsidiaries from all Right to Collect Accounts and all performing, sub-performing or charged-off accounts, loans, receivables, mortgages, debentures or claims or other similar assets or instruments or portfolios thereof owned by the Company and its Restricted Subsidiaries (excluding, for the avoidance of doubt, any Trust Management Assets and any Right to Collect Accounts, performing, sub-performing or charged-off accounts, cash and bank accounts or other similar assets or instruments which are (or will be) held on trust for a third party which is not the Company or any Restricted Subsidiary) during the period of 84 months, as calculated by the Portfolio ERC Model, as of the last day of the month most recently ended prior to the date of calculation.

ERC. ’ means estimated remaining collections, which are the future collections projected to be received on all of the Group’s purchased debt portfolios based on its forecasting models. Group ERC (as a combined metric) as of September 30, 2017 was calculated, without adjustment, by adding our UK Division’s ERC (based on a 120-month period) to our DACH Division’s ERC (based on a 180-month period) translated into pounds sterling at the applicable rate, and is presented for illustrative purposes only. Group ERC is not intended to be a projection of future results. Future results may vary significantly from the results reflected in the above table because of various factors, including those discussed in ‘‘Risk Factors.’’

Examples of ERC in a sentence

• The Client agrees to designate to ERC, in writing within 14 days from the date hereof, an appropriate representative invested with the authority to execute all required documents and applications on behalf of the Client and who will be authorized to respond to inquiries raised by ERC and/or the Schools and Libraries Division of the Universal Service Administration.

• In accordance with the above fee structure, and pursuant to the total number of eligible buildings in the District, the Client shall pay ERC an minimum annual Category Two Fee of Three Thousand Seven Hundred and Fifty Dollars ($3,750.00), which is calculated as follows: • $1000 for the first entity • $2750 for the next 11 entities = ($250 x 11) Based on these figures, the Client shall pay no additional fees on the first $125,000.00 in Category Two commitments.

• Note that ERC shall deduct the minimum service fee from the 3% figure only in circumstances where the percentage-based fee exceeds the filing fee.

• In the event the Client’s Category Two funding commitments exceed $125,000.00, then ERC shall apply the 3% fee to the additional committed amount.

• The Client agrees that, neither it nor its servants, agents or employees will disclose to any third party, without the prior written consent of ERC, any information relating to the business of ERC if such information could reasonably be construed as confidential or proprietary and was obtained in the course of ERC’s provision of services to the Client.

More Definitions of ERC

ERC means a person who has completed an AFL-approved Emergency Response Coordinator Course which is current and up to date;

ERC shall have the meaning ascribed to it under Clause 14.4.1 (Financial definitions).

ERC means the sum of all future estimated remaining collections from Portfolios for the next following 120 months.

ERC means estimated remaining collections, meaning the gross remaining cash collections which the Security Portfolio Owners anticipate to receive from the Total Loan Portfolios (excluding such Total Loan Portfolios which is subject to or otherwise affected by an Encumbrance permitted under (d) of the definition of Permitted Encumbrance or held by a company over which such an Encumbrance exists) calculated in accordance with the Accounting Principles on a gross basis for a maximum of a rolling hundred and eighty (180) months forward looking period.

ERC means, for any date of calculation, the aggregate amount of estimated remaining collections projected to be received by the Company and its Restricted Subsidiaries from all Right to Collect Accounts and all sub-performing or charged-off consumer accounts, installment loans or other similar accounts or portfolios thereof owned by the Company and its Restricted Subsidiaries during the period of 84 months, as calculated by the Portfolio ERC Model, as at the last day of the month most recently ended prior to the date of calculation.

ERC means, for any date of calculation, the aggregate amount of estimated remaining collections projected to be received by the Company and its Restricted Subsidiaries from all Right to Collect Accounts and all performing, sub‑performing or charged‑off accounts, loans, receivables, mortgages, debentures or claims or other similar assets or instruments or portfolios thereof owned by the Company and its Restricted Subsidiaries (excluding, for the avoidance of doubt, any Trust Management Assets and any Right to Collect Accounts, performing, sub‑performing or charged‑off accounts, cash and bank accounts or other similar assets or instruments which are (or will be) held on trust for a third party which is not the Company or any Restricted Subsidiary) during the period of 84 months, as calculated by the Portfolio ERC Model, as at the last day of the month most recently ended prior to the date of calculation.

ERC means expected revenue from tariff and charges that a licensee is permitted to recover;