Routine Quarterly True-Up Adjustments Sample Clauses

Routine Quarterly True-Up Adjustments. If the Issuance -------------------------------------- Advice Letter with respect to a Series of Notes provides that the Servicer will file Routine Quarterly True-Up Mechanism Advice Letters, then the Servicer shall make such filings in accordance with the procedures set forth in Annex II hereto. On each Series Issuance Date, the Servicer and the Note Issuer shall amend Annex II to specify in detail the Servicer's obligations to perform routine quarterly True-Up Adjustments, if any, with respect to the new Series of Notes issued on such Series Issuance Date.
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Routine Quarterly True-Up Adjustments. (1) On or before each Quarterly Administrative Date, the Servicer shall calculate the Variance between the Adjusted Principal Balance and the Projected Principal Balance as of the next succeeding Payment Date (each such calculation, a "Quarterly Comparison"). (2) If the Quarterly Comparison reveals a Variance greater than ___percent, the Servicer shall: (A) estimate collections through the last day of the Quarter in which such Quarterly Administrative Date occurs and through the last day of the twelve month period following the date revised FTA Charges would go into effect; (B) if necessary, update the assumptions underlying the FTA Charges, including energy usage volume, the rate of delinquencies and write-offs, and estimated expenses and fees of the Note Issuer, the Trust and the Infrastructure Bank to the extent not fixed; (C) determine the revised FTA Charges that would restore: (1) the Principal Balance to the Projected Principal Balance, (2) the Overcollateralization Amount to the Projected Overcollateralization Subaccount Balance, (3) the Capital Subaccount Balance to the Required Capital Level and (4) the Reserve Subaccount Balance to the Projected Reserve Subaccount Balance, in each case within twelve months after such revised FTA Charges go into effect (and with respect to any True-Up Adjustments occurring after the Scheduled Maturity Date, determine the revised FTA Charges that would be sufficient to retire the unpaid Principal Balance within the earlier of (x) the date which is twelve months after the Scheduled Maturity Date and (y) the Final Maturity Date); (D) apply for a True-Up Adjustment by filing on or before the next Quarterly Adjustment Filing Date following the Quarterly Administrative Date a Routine Quarterly True-Up Mechanism Advice Letter with the CPUC, substantially in the form attached hereto as Exhibit E, to notify the CPUC of the revised FTA Charges and --------- (E) take all reasonable actions and make all reasonable efforts to secure the respective True-Up Adjustment and to enforce the provisions of the Statute which obligate the CPUC to approve rates at levels sufficient to recover the FTA Payments in accordance with the Expected Amortization Schedule. If there is no Variance, the Servicer shall not file a Routine Quarterly True-Up Mechanism Advice Letter with the CPUC. (3) The Servicer shall implement each revised FTA Charge as of the first day of the Quarter following the Quarter in which such Routine Quarterly True-Up Mech...
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Routine Quarterly True-Up Adjustments. (1) If the Issuance Advice Letter with respect to a Series of Notes provides that the Servicer will file Routine Quarterly True-Up Mechanism Advice Letters, then the Servicer shall make such filings in accordance with the procedures set forth in Annex II hereto. On each Series Issuance Date, the Servicer and the Note Issuer shall amend Annex II to specify in detail the Servicer's obligations to perform routine quarterly True-Up Adjustments, if any, with respect to the new Series of Notes issued on such Series Issuance Date. (2) With respect to the Notes of Series 1997-1, issued on December 11, 1997, the Servicer shall file Routine Quarterly True-Up Mechanism Advice Letters upon the conditions and in accordance with the procedures set forth in Annex II.
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Routine Quarterly True-Up Adjustments. (i) During the first fourteen days of the last month of each of the first three Quarters of each calendar year, the Servicer shall determine whether: (A) the balance in the Collection Account (excluding the General Subaccount) is less than the Required Capital Level as of the next Payment Date, and (B) the actual aggregate energy usage volume by Customers during the immediately preceding three calendar months is at least three percent lower than the aggregate energy usage volume by Customers that the Servicer assumed for purposes of Section 4.01(b)
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Routine Quarterly True-Up Adjustments. (a) The Servicer -------------------------------------- shall not perform any routine quarterly True-Up Adjustments for the PG&E Funding LLC Notes, Series 1997-1. SCHEDULE 6.01(f) No Proceedings -------------- 1. Petition for writ of review filed with the California Supreme Court by The Utility Reform Network on November 24, 1997. EXHIBIT B CERTIFICATE OF COMPLIANCE The undersigned hereby certifies that he/she is the duly elected and acting ___________ of Pacific Gas and Electric Company, as servicer (the "Servicer") under the Transition Property Servicing Agreement dated as of December 8, 1997 (the Servicing Agreement") between the Servicer and PG&E Funding LLC (the "Note Issuer") and further that: 1. A review of the activities of the Servicer and of its performance under the Servicing Agreement during the twelve months ended June 30, ___ has been made under the supervision of the undersigned pursuant to Section 3.03 of the Servicing Agreement; and 2. To the best of the undersigned's knowledge, based on such review, the Servicer has fulfilled all of its material obligations in all material respects under the Servicing Agreement throughout the twelve months ended June 30, ___, except for those material defaults in the fulfillment of material obligations listed on Annex A hereto. -------
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Routine Quarterly True-Up Adjustments. The Servicer -------------------------------------- shall not perform any routine quarterly True-Up Adjustments for the SCE Funding LLC Notes, Series 1997-1.
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Routine Quarterly True-Up Adjustments. (1) The Servicer may file Routine Quarterly True-Up Mechanism Advice Letters. Except as provided in Sections 4.01(b)(ii)(2) and 4.01(b)(ii)(3), the Servicer shall not be obligated to file Routine Quarterly True-Up Mechanism Advice Letters. (2) If the Issuance Advice Letter with respect to a Series of Bonds provides that the Servicer will file Routine Quarterly True-Up Mechanism Advice Letters, then the Servicer shall make such filings in accordance with the Financing Order. (3) If the principal amount of any Series of Bonds remains outstanding after the last Scheduled Maturity Date for such Series, the Servicer shall file Routine Quarterly True-Up Mechanism Advice Letters until all classes of Bonds of such Series and other amounts to be paid from DRC Charges relating to such Series have been paid in full. Each such Routine Quarterly True-Up Mechanism Advice Letter shall request adjustments to the DRC Charges projected to pay all amounts required to be paid by such DRC Charges by the earlier of the end of the then current calendar year or the latest Final Legal Maturity Date for the related Series of Bonds.
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Routine Quarterly True-Up Adjustments. (a) The Servicer -------------------------------------- shall not perform any routine quarterly True-Up Adjustments for the SDG&E Funding LLC Notes, Series 1997-1.
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Routine Quarterly True-Up Adjustments. (1) The Servicer may file Routine Quarterly True-Up Mechanism Advice Letters. Except as provided in Sections 4.01(b)(ii)(2) 4.01(b)(ii)(3) and 4.01(b)(ii)(4), the Servicer shall not be obligated to file Routine Quarterly True-Up Mechanism Advice Letters. (2) If the Issuance Advice Letter with respect to that Series of Bonds provides that the Servicer will file Routine Quarterly True-Up Mechanism Advice Letters, then the Servicer shall make such filings in accordance with the Financing Order. (3) With respect to the Series 2005-1 Bonds, the Servicer shall file a Routine Quarterly True-Up Mechanism Advice Letter no later than fifteen days before the end of any of the first three Quarters of each calendar year if the outstanding principal balance of the Series 2005-1 Bonds as of the Payment Date occurring in that Quarter, after giving effect to payments made on such Payment Date, is projected to be 5% or more greater than the scheduled principal balance specified in the Expected Amortization Schedule for such Payment Date. (4) If the principal amount of that Series of Bonds remains outstanding after the last Scheduled Maturity Date for such Series, the Servicer shall file Routine Quarterly True-Up Mechanism Advice Letters until all Classes of Bonds of such Series and other amounts to be paid from DRC Charges relating to such Series have been paid in full. Each such Routine Quarterly True-Up Mechanism Advice Letter shall request adjustments to the DRC Charges projected to pay all amounts required to be paid by such DRC Charges by the earlier of the end of the then current calendar year or the latest Final Legal Maturity Date for that Series of Bonds.
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Related to Routine Quarterly True-Up Adjustments

  • Payment and Year-End Adjustment Amounts accrued pursuant to this Agreement shall be payable to the Adviser as of the last day of each month. If necessary, on or before the last day of the first month of each fiscal year, an adjustment payment shall be made by the appropriate party in order that the actual Fund Operating Expenses of a Fund for the prior fiscal year (including any reimbursement payments hereunder with respect to such fiscal year) do not exceed the Maximum Annual Operating Expense Limit.

  • True-Up Adjustments From time to time, until the Retirement of the Recovery Bonds, the Servicer shall identify the need for True-Up Adjustments and shall take all reasonable action to obtain and implement such True-Up Adjustments, all in accordance with the following:

  • Rounding of Calculations; Minimum Adjustments All calculations under this Section 13 shall be made to the nearest one-tenth (1/10th) of a cent or to the nearest one- hundredth (1/100th) of a share, as the case may be. Any provision of this Section 13 to the contrary notwithstanding, no adjustment in the Exercise Price or the number of Shares into which this Warrant is exercisable shall be made if the amount of such adjustment would be less than $0.01 or one-tenth (1/10th) of a share of Common Stock, but any such amount shall be carried forward and an adjustment with respect thereto shall be made at the time of and together with any subsequent adjustment which, together with such amount and any other amount or amounts so carried forward, shall aggregate $0.01 or 1/10th of a share of Common Stock, or more.

  • Year-End Adjustment If necessary, on or before the last day of the first month of each fiscal year, an adjustment payment shall be made by the appropriate party in order that the amount of the investment advisory fees waived or reduced and other payments remitted by the Adviser to the Fund or Funds with respect to the previous fiscal year shall equal the Excess Amount.

  • End of Fiscal Years; Fiscal Quarters The Borrower will cause (i) its and each of its Domestic Subsidiaries’ fiscal years to end on December 31 of each calendar year and (ii) its and each of its Domestic Subsidiaries’ fiscal quarters to end on March 31, June 30, September 30 and December 31 of each calendar year.

  • Adjustment of Minimum Quarterly Distribution and Target Distribution Levels (a) The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution, Third Target Distribution, Common Unit Arrearages and Cumulative Common Unit Arrearages shall be proportionately adjusted in the event of any distribution, combination or subdivision (whether effected by a distribution payable in Units or otherwise) of Units or other Partnership Securities in accordance with Section 5.10. In the event of a distribution of Available Cash that is deemed to be from Capital Surplus, the then applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall be adjusted proportionately downward to equal the product obtained by multiplying the otherwise applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, as the case may be, by a fraction of which the numerator is the Unrecovered Capital of the Common Units immediately after giving effect to such distribution and of which the denominator is the Unrecovered Capital of the Common Units immediately prior to giving effect to such distribution. (b) The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall also be subject to adjustment pursuant to Section 6.9.

  • Market Adjustment The parties to this Agreement recognize the appropriateness of market pay adjustments in rare instances for compelling reasons. To effectuate judgments in such cases, the President and AAUP Chapter President, in consultation, shall each name three (3) individuals to a university Market Evaluation Committee. Deans may submit recommendations for market pay adjustments with supporting written reasons to the Committee. Said Committee shall consult with the President concerning proposed market pay adjustments reporting its advice not later than May 15 in each year. Upon the favorable recommendation of the President and the BOR President, market pay adjustments may be approved effective at the beginning of that pay period including September 1 of the following year. Not more than one (1) market pay adjustment per one hundred (100) full-time members, or fraction thereof, may be recommended in any contract year. A member’s salary may not be increased beyond the maximum for the rank. Funding for this program shall be governed by Article 12.10.2.

  • Annual Adjustment At the end of each Fiscal Year and following receipt by Manager of the annual accounting referred to in Article 10, an adjustment will be made to such annual account, if necessary and if available, so that the appropriate amount shall have been deposited in the Reserve.

  • Annual Adjustments Base Rent shall be increased on each annual anniversary of the first day of the first full month during the Term of this Lease (each an “Adjustment Date”) by multiplying the Base Rent payable immediately before such Adjustment Date by the Rent Adjustment Percentage and adding the resulting amount to the Base Rent payable immediately before such Adjustment Date. Base Rent, as so adjusted, shall thereafter be due as provided herein. Base Rent adjustments for any fractional calendar month shall be prorated.

  • Section 754 Adjustment To the extent an adjustment to the adjusted tax basis of any Partnership asset pursuant to Code Section 734(b) or Code Section 743(b) is required, pursuant to Regulations Section 1.704-1(b)(2)(iv)(m)(2) or Regulations Section 1.704-1(b)(2)(iv)(m)(4), to be taken into account in determining Capital Accounts as the result of a distribution to a Holder in complete liquidation of his interest in the Partnership, the amount of such adjustment to the Capital Accounts shall be treated as an item of gain (if the adjustment increases the basis of the asset) or loss (if the adjustment decreases such basis) and such gain or loss shall be specially allocated to the Holders in accordance with their interests in the Partnership in the event that Regulations Section 1.704-1(b)(2)(iv)(m)(2) applies, or to the Holders to whom such distribution was made in the event that Regulations Section 1.704-1(b)(2)(iv)(m)(4) applies.

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