Partial Collections Sample Clauses
The Partial Collections clause allows for the collection of payments or goods in increments rather than requiring full delivery or payment at once. In practice, this means that if a buyer cannot pay the entire amount or a seller cannot deliver the full order in a single transaction, partial payments or shipments can be accepted and processed as they occur. This clause provides flexibility in commercial transactions, ensuring that business can continue smoothly even when full performance is not immediately possible, and helps to manage cash flow and inventory more effectively.
Partial Collections. Upon a partial payment of amounts billed, including amounts billed under special contracts, such partial payments shall be allocated ratably among the Storm Recovery Charges and the Seller’s other billed amounts (including any accrued interest and late fees) based on the ratio of each component of the b▇▇▇ to the total b▇▇▇. If more than one Series of Storm Recovery Bonds are Outstanding, partial payments allocable to Storm Recovery Charges shall be allocated pro rata based upon the amount of Storm Recovery Charges owing with respect to each series.
Partial Collections. Upon a partial payment of amounts billed, the amount collected will be prorated among all charge categories, including the Storm Recovery Charges, and any other storm recovery charges approved by the Commission and charges of DEP, in proportion to their percentage of the overall bill.
Partial Collections. Upon a partial payment of amounts billed, after the application of late charges such partial payment shall be allocated ratably among the Storm Recovery Charge, any similar securitization charges, and DEC's other billed amounts, in proportion to their percentage of the overall bill.
Partial Collections. Upon a partial payment of amounts billed, including amounts billed under special contracts, such partial payments shall be allocated in accordance with applicable Commission requirements and any other requirements of applicable law. As of the date of this Servicing Agreement, (a) the Servicer allocates payments received (i) first, to past-due amounts, (ii) second, to customer deposit requirements, (iii) third, to current customer charges, and (iv) fourth, to charges previously written-off, and (b) for amounts billed on the same date, charges are credited based on a priority waterfall, with late payment charges being credited first, Series Charges being credited second, and other charges being credited therafter in the priority waterfall. In accordance with the Financing Order, if more than one series of energy transition bonds (as defined in the Energy Transition Act) are outstanding, partial payments allocable to energy transition charges (as defined in the Energy Transition Act) shall be allocated pro rata based upon the amount of energy transition charges owing with respect to each series.
Partial Collections. Upon a partial payment of amounts billed, including amounts billed under special contracts, such partial payments shall be allocated ratably among the Series Charges and the Seller’s other billed amounts (including any accrued interest and late fees) based on the ratio of each component of the ▇▇▇▇ to the total ▇▇▇▇. If more than one Series of Nuclear Asset-Recovery Bonds are Outstanding, partial payments allocable to Series Charges shall be allocated pro rata based upon the amount of Nuclear Asset-Recovery Charges owing with respect to each series.
Partial Collections. Upon a partial payment of amounts billed, after application of late payment charges, partial payments shall be allocated ratably among the Storm Recovery Charges, any similar securitization charges and DEP’s other billed amounts in a manner that is consistent with DEP’s current process for allocating partial payments where cash collections are first applied to billed deposits, then to installment plans (if any are existing), past due charges, including past due storm recovery charges, current month charges, including storm recovery charges and finally to late payment fees.
Partial Collections. Upon a partial payment of amounts billed, including amounts billed under special contracts, such partial payments shall be allocated ratably among the SB Charge, the SB Tax Charge (as defined in the Financing Order) and the Seller's other billed amounts (including any accrued interest and late fees) based on the ratio of each component of the bill ▇▇ the total bill.