Calculation of Estimated Daily Remittance Sample Clauses

Calculation of Estimated Daily Remittance. (i) In event the Servicer is unable to remit Actual Recovery Charge Collections, the Servicer shall, on each Servicer Business Day, estimate Recovery Charge Collections based on the daily billed amounts and the Days Sales Outstanding, which resulting estimate shall constitute the amount of Estimated Recovery Charge Collections for such Servicer Business Day. (ii) All calculations of collections, each update of the Days Sales Outstanding and any changes in procedures used to calculate the Estimated Recovery Charge Collections pursuant to this Section 6(e) shall be made in good faith. (iii) If during any Payment Period, the Servicer remits Estimated Recovery Charge Collections, pursuant to Section 6.11(c) of the Agreement, not less than semi-annually (except in the case of the First Payment Period, which may be longer than six months), but in no event more than sixty (60) days after each Payment Date, the Servicer shall calculate the amount of Actual Recovery Charge Collections for the immediately preceding Reconciliation Period as compared to the Estimated Recovery Charge Collections forwarded to the Collection Account in respect of such Reconciliation Period. Such calculation will be provided to the Indenture Trustee in a Reconciliation Certificate in substantially the form appended to the Agreement as Exhibit D. Reference is hereby made to the Recovery Property Servicing Agreement, dated as of [Closing Date], 20[25] (the “Servicing Agreement”) between Rochester Gas and Electric Corporation, a New York corporation, as Servicer (the “Servicer”), and RG&E Storm Funding, LLC, a Delaware limited liability company, as Issuer (the “Issuer”). Capitalized terms used but not defined herein shall have the respective meanings specified in the Servicing Agreement. Pursuant to Section 3.01(b) of the Servicing Agreement, the Servicer does hereby certify as follows: Collection Period: Remittance Dates: a. Storm Recovery Surcharges in Effect b. Recovery Charges Billed1 c. Recovery Charge Collections Deemed Received2 d. Recovery Charge Collections Remitted3 Total [Signature Page Follows] 1 Recovery Charges billed during Collection Period. 2 Recovery Charges deemed collected during Collection Period. 3 Recovery Charges remitted during Collection Period (i.e., Actual Recovery Charges, or Estimated Recovery Charges, if applicable, remitted within two Servicer Business Days of deemed collection date).
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Related to Calculation of Estimated Daily Remittance

  • Force Majeure If by reason of Force Majeure, either party hereto shall be rendered unable wholly or in part to carry out its obligations under this Agreement through no fault of its own then such party shall give notice and full particulars of Force Majeure in writing to the other party within a reasonable time after occurrence of the event or cause relied upon. Upon delivering such notice, the obligation of the affected party, so far as it is affected by such Force Majeure as described, shall be suspended during the continuance of the inability then claimed but for no longer period, and such party shall endeavor to remove or overcome such inability with all reasonable dispatch. In the event that Vendor’s obligations are suspended by reason of Force Majeure, all TIPS Sales accepted prior to the Force Majeure event shall be the legal responsibility of Vendor and the terms of the TIPS Sale Supplemental Agreement shall control Vendor’s failure to fulfill for a Force Majeure event.

  • Termination In the event that either Party seeks to terminate this DPA, they may do so by mutual written consent so long as the Service Agreement has lapsed or has been terminated. Either party may terminate this DPA and any service agreement or contract if the other party breaches any terms of this DPA.

  • Definitions For purposes of this Agreement:

  • Indemnification Notwithstanding any contrary provision contained in this Agreement, any election hereunder or any termination of this Agreement, and whether or not this Agreement is otherwise carried out, the provisions of Section 5 shall not be in any way affected by such election or termination or failure to carry out the terms of this Agreement or any part hereof.

  • Insurance The Company and the Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which the Company and the Subsidiaries are engaged, including, but not limited to, directors and officers insurance coverage. Neither the Company nor any Subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business without a significant increase in cost.

  • Miscellaneous The Vendor acknowledges and agrees that continued participation in TIPS is subject to TIPS sole discretion and that any Vendor may be removed from the participation in the Program at any time with or without cause. Nothing in the Agreement or in any other communication between TIPS and the Vendor may be construed as a guarantee that TIPS or TIPS Members will submit any orders at any time. TIPS reserves the right to request additional proposals for items or services already on Agreement at any time.

  • Notices Any notice, request or other document required or permitted to be given or delivered to the Holder by the Company shall be delivered in accordance with the notice provisions of the Purchase Agreement.

  • Severability Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

  • Counterparts This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

  • Term The term of this Agreement will be ten (10) years from the Effective Date (as such term may be extended pursuant to Section 4.2, the “Term”).

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