Calculation of Daily Remittance. (i) The Servicer will remit Storm Recovery Charges directly to the Indenture Trustee pursuant to Section 6.11 of the Servicing Agreement. The Servicer will remit Storm Recovery Charges based on estimated collections using a weighted average balance of days outstanding (“ADO”) on Duke Energy Progress’s retail bills. Storm Recovery Charge Collections for the Storm Recovery Bonds remitted will represent the charges estimated to be received for any period based upon the ADO and an estimated system-wide write-off percentage.
Appears in 7 contracts
Samples: Recovery Property Servicing Agreement (Duke Energy Progress SC Storm Funding LLC), Recovery Property Servicing Agreement (Duke Energy Progress SC Storm Funding LLC), Recovery Property Servicing Agreement (Duke Energy Progress SC Storm Funding LLC)
Calculation of Daily Remittance. (i) The Servicer will remit Storm Recovery Charges directly to the Indenture Trustee pursuant to Section 6.11 of the Servicing Agreement. The Servicer will remit Storm Recovery Charges based on estimated collections using a weighted average balance of days outstanding (“ADO”) on Duke Energy ProgressCarolinas’s retail bills. Storm Recovery Charge Collections for the Storm Recovery Bonds remitted will represent the charges estimated to be received for any period based upon the ADO and an estimated system-wide write-off percentage.
Appears in 3 contracts
Samples: Recovery Property Servicing Agreement (Duke Energy Carolinas NC Storm Funding LLC), Recovery Property Servicing Agreement (Duke Energy Carolinas NC Storm Funding LLC), Recovery Property Servicing Agreement (Duke Energy Carolinas NC Storm Funding LLC)
