Payment of TBC Collections. (a) The Servicer shall prepare annually a Collections Curve for each Billing Month, based on statistically significant random sampling of actual TBC Collections. With the exception of the Monthly Servicing Fee, which the Servicer is entitled to withhold from TBC Collections pursuant to Section 5.07 hereof, the Servicer agrees to remit TBC Collections for each Billing Month to the Trustee for deposit in the Collection Account not later than the corresponding Reconciliation Date or Dates following such Billing Month. In addition, the Servicer agrees to make periodic payments on account of TBC Collections to the Trustee for deposit in the Collection Account as follows:
Appears in 4 contracts
Samples: Servicing Agreement (Pse&g Transition Funding LLC), Transition Property Servicing Agreement (PSE&G Transition Funding II LLC), Transition Property Servicing Agreement (PSE&G Transition Funding II LLC)
