Budget Billing Plan means a payment plan made available by Cleco Power to Customers, who have had service for an established period of time and meet established rating standards, that uses averaged demand in calculating periodic obligations of the Customer.
Budget Billing Plan means the “Budget Billing” or similar levelized billing plan pursuant to which the related Obligor’s invoice amount for each billing cycle is a constant amount (or approximately constant) irrespective of usage for the related billing cycle.
Budget Billing Plan means a level payment plan offered by the Transferor, which, if elected by a residential Customer, provides for levelized monthly Bill charges to such residential Customer by estimating the amount that the residential Customer would pay (based on the residential Customer’s actual usage during the previous twelve months), then charging the residential Customer 1/12th of that amount. Each month, a new payment amount is calculated based upon the most recent twelve months of usage data. After the twelfth month, the payments made by such residential Customer during the preceding twelve months are reconciled with the amount owed by such residential Customer for actual usage during the budget billing period, and the difference is amortized over the next twelve month period.
Examples of Budget Billing Plan in a sentence
The Budget Billing Plan distributes the estimated annual payments required into equal amounts over a 12-month period to lessen the impact of large bills incurred in a few consecutive months.
Availability Residential Customers (with a satisfactory payment credit record-on time payments 9 of last 12 months) being served by Residential Services rates of the Company may elect, at their option, to pay monthly bills for natural gas service on a Budget Billing Plan (Levelized/Rolling Average).
Customers are eligible for the Budget Billing Plan only if there are no past due bills for municipal services with the Borough on their utility account, or associated with the property in question, or any other property under the ownership of the applicant.
Partial payment of a Budget Billing Plan payment shall be allocated according to clause (iii) above, and overpayment of a Budget Billing Plan payment shall be allocated according to clause (iv) above.
Any customer electing the Budget Billing Plan each month will pay an amount equal to 1/12th of the total of the previous 12 months' bills.
More Definitions of Budget Billing Plan
Budget Billing Plan means a levelized payment plan offered by Potomac Edison, which, if elected by a Customer, provides for level monthly Bxxx charges to such Customer. For residential Customers, this charge is calculated by calculating actual electricity charges for the previous year and dividing this amount by twelve. The number which results from this calculation is charged to the residential Customer each month. In the twelfth month, Potomac Edison bills the residential Customer for actual use in that month, adjusted for any excess or deficit the Customer has paid Potomac Edison over the prior eleven months. If the Customer owes Potomac Edison $4 or more over the normal budget amount, that Customer has the option of repaying the full amount in the twelfth month, or spreading the amount of this deficit in equal installments over the first four months of the Customer's next budget year. The procedure is similar for small industrial and commercial Customers.
Budget Billing Plan means a levelized payment plan offered by Mon Power, which, if elected by a Customer, provides for level monthly Xxxx charges to such Customer. For residential Customers, this charge is calculated by calculating actual electricity charges for the previous year and dividing this amount by twelve. The number which results from this calculation is charged to the residential Customer each month. In the twelfth month, Mon Power bills the residential Customer for actual use in that month, adjusted for any excess or deficit the Customer has paid Mon Power over the prior eleven months. If the Customer owes Mon Power $4 or more over the normal budget amount, that Customer has the option of repaying the full amount in the twelfth month, or spreading the amount of this deficit in equal installments over the first four months of the Customer's next budget year. The procedure is similar for small industrial and commercial Customers.
Budget Billing Plan means the alternative payment plan offered by the Servicer that allows residential and commercial customers who have satisfactory credit the opportunity for a monthly budget payment which allows the customer to pay roughly equal amounts each month based on its expected average consumption for the year.
Budget Billing Plan means an agreement between a customer and a dealer intended to levelize or average the monthly billing for propane and propane services;
Budget Billing Plan means a levelized payment plan offered by the Servicer which, if elected by a Customer, provides for level monthly charges to such Customer on its Bills which are calculated by estimating, on an annual basis, the amount that the Customer would pay during the next twelve months (based on the Customer's actual usage during the prior twelve months) and then charging the Customer 1/12th of that amount for each of the next twelve months, with an annual reconciliation pursuant to which the payments made by such Customer during the preceding twelve months are reconciled with the amount owed by such Customer for actual usage during the same period, and the Customer is given a credit or billed for the difference, as appropriate, based on such reconciliation; PROVIDED, that, commencing in the first quarter of 1999, the Budget Billing Plan will be modified to provide for level monthly charges to be calculated by estimating, on a semi-annual or quarterly basis, the amount that the Customer would pay during the next twelve months (based on the Customer's actual usage during the prior twelve months) and then charging the Customer 1/12th of that amount for each month until the next such estimation, with an annual reconciliation pursuant to which the payments made by such Customer during the preceding twelve months are reconciled with the amount owed by such Customer for actual usage during the same period, and the Customer is given a credit or billed for the difference, as appropriate, based on such reconciliation, subject to an option, on such terms as the Servicer may offer to Customers, to pay such xxxx or receive such credit through an increase or reduction to the level monthly payments for the next twelve months.
Budget Billing Plan or similar levelized billing plan pursuant to which the related Obligor’s invoice amount for each billing cycle is a constant amount (or approximately constant) irrespective of usage for the related billing cycle. “Budget Xxxx Receivable” means any Receivable, the Obligor of which has entered into a Budget Billing Plan with the related Originator. “Business Day” means any day that is not a Saturday, Sunday or other day that is a legal holiday under the laws of the State of New York or is a day on which banking institutions in such state are authorized or required by law to close. “Capital” means at any time with respect to the Asset Portfolio and any Purchaser, an amount equal to (A) the amount of Cash Purchase Price paid by such Purchaser to Seller for Purchases pursuant to Sections 1.1 and 1.2, minus (B) the sum of the aggregate amount of Collections and other payments received by Agent or such Purchaser, as applicable, which in each case are applied to reduce such Purchaser’s Capital in accordance with the terms and conditions of this Agreement; provided that such Capital shall be restored (in accordance with Section 2.5) in the amount of any Collections or other payments so received and applied if at any time the distribution of such Collections or payments are rescinded, returned or refunded for any reason. “Capital Coverage Amount” means, at any time of determination, the amount equal to (a) the Net Receivable Pool Balance at such time, minus (b) the Required Reserves at such time. “Capital Coverage Deficit” means, at any time of determination, the amount, if any, by which (a) the Aggregate Capital at such time, exceeds (b) the Capital Coverage Amount at such time. “Capital Stock” means, with respect to any Person, any and all common shares, preferred shares, interests, participations, rights in or other equivalents (however designated) of such Person’s capital stock, partnership interests, limited liability company interests, membership interests or other equivalent interests and any rights (other than debt securities convertible into or exchangeable for capital stock), warrants or options exchangeable for or convertible into such capital stock or other equity interests. “Cash Purchase Price” means, with respect to any Incremental Purchase of any portion of the Asset Portfolio, the amount paid to Seller for such portion of the Asset Portfolio which shall not exceed the least of (i) the amount requested by Seller in the applicable Purchase Notice, (i...
Budget Billing Plan administration Rapid assistance — online and on-site Level of assistance is based on equipment utilization and shift models Pricing based on your historical consumption of service Maintenance and Remote Support included to reduce overall service costs Pick and choose your programs including: maintenance, phone support, online assistance, etc. FlexibleService Agreement.