Common use of Routine Semiannual Periodic Adjustments and Filings Clause in Contracts

Routine Semiannual Periodic Adjustments and Filings. For the purpose of preparing a Routine Semiannual True-Up Letter, the Servicer shall: (A) update the assumptions underlying the calculation of the RRB Charge, including energy usage volume, the rate of charge-offs and estimated expenses and fees of the Issuer to the extent not fixed, for the Remittance Period beginning on May 1 or November 1 (whichever is next to occur) of each year; (B) determine the Required Debt Service for such Remittance Period based upon such updated assumptions; and (C) determine the RRB Charge to be charged during such Remittance Period based upon such Required Debt Service. The Servicer shall file a Routine Semiannual True-Up Letter with the NHPUC no later than 30 days prior to April 25 and October 25 of each year.

Routine Semiannual Periodic Adjustments and Filings. For the purpose of preparing a Routine Semiannual True-Up Letter, the Servicer shall: (A) update the assumptions underlying the calculation of the RRB Charge, including energy usage volume, the rate of charge-offs and estimated expenses and fees of the Issuer to the extent not fixed, for the Remittance Period beginning on May 1 April 25 or November 1 October 25 (whichever is next to occur) of each year; (B) determine the Required Debt Service for such Remittance Period based upon such updated assumptions; and (C) determine the RRB Charge to be charged during such Remittance Period based upon such Required Debt Service. The Servicer shall file a Routine Semiannual True-Up Letter with the NHPUC no later than 30 days prior to April 25 and October 25 of each year.