Additional Interim True-Up Adjustments and Filings. In addition to the True-Up Adjustments described in Section 4.01(b)(i) and Section 4.01(b)(ii), the Servicer shall initiate a proceeding with the Commission to implement an Additional Interim True-Up Adjustment (in the same manner as provided for the Semi-Annual Interim True-Up Adjustments) at any time if the Servicer forecasts that Securitization Charge Collections during the current or succeeding Calculation Period will be insufficient (A) to make all scheduled payments of Periodic Principal and interest due in respect of the Securitization Bonds on a timely basis during such Calculation Period, (B) to pay Ongoing Other Qualified Costs on a timely basis and (C) to replenish any draws on the Capital Subaccount.
Appears in 7 contracts
Samples: Intercreditor Agreement (Consumers 2023 Securitization Funding LLC), Intercreditor Agreement (Consumers Energy Co), Securitization Property Servicing Agreement (Consumers Energy Co)
Additional Interim True-Up Adjustments and Filings. In addition to the True-Up Adjustments described above in Section Sections 4.01(b)(i), (ii) and Section 4.01(b)(ii(iii), the Servicer shall initiate a proceeding with the Commission to implement an Additional Interim True-Up Adjustment (in the same manner as provided for the Semi-Annual Interim True-Up Adjustments) at any time if the Servicer forecasts that Securitization CRR Charge Collections during the current or next succeeding Calculation Period will be insufficient (Aa) to make all scheduled payments of Periodic Principal and interest due in respect of the Securitization Consumer Rate Relief Bonds on a timely basis during such Calculation Period, (Bb) to pay other Ongoing Other Qualified Financing Costs on a timely basis and (Cc) to replenish any draws on upon the Capital Subaccount.
Appears in 3 contracts
Samples: Property Servicing Agreement (Appalachian Consumer Rate Relief Funding LLC), Property Servicing Agreement (Appalachian Consumer Rate Relief Funding LLC), Property Servicing Agreement (Appalachian Consumer Rate Relief Funding LLC)