Consumer Protection Reserve Account definition

Consumer Protection Reserve Account or “CPR Account” means the interest-bearing escrow account established by Seller at a financial institution mutually acceptable to the Parties, the other Purchasing Utilities and the ICC for the benefit of Retail Customers pursuant to Section 12.7 (Consumer Protection Reserve Account).
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Examples of Consumer Protection Reserve Account in a sentence

  • Section 5.4, further adjusts the Base Price with credits from the Consumer Protection Reserve Account, where applicable.

  • The Trustee shall transfer to Seller the remaining funds, if any, in the Consumer Protection Reserve Account after making the foregoing transfers.

  • Buyer’s Retail Customer’s interest in the Consumer Protection Reserve Account under the terms of this Agreement is shared with the other Purchasing Utilities’ Retail Customers and is therefore limited to Buyer’s SharingAllocated Percentage.

  • Seller agrees to work together with Buyer, the other Purchasing Utilities and the Trustee to take commercially reasonable steps to minimize the tax impact on the transactions involving the Consumer Protection Reserve Account contemplated in this Agreement, while preserving the consumer benefits.

  • Buyer shall (A) remit to Seller the product of the Buyer’s SharingAllocated Percentage of the MDQ multiplied by the Adjusted Base Contract Price, and (B) remit to the Trustee for deposit into the Consumer Protection Reserve Account the product of the Buyer’s SharingAllocated Percentage of the MDQ multiplied by the difference between the Monthly Weighted Average Chicago City-gate Price and the Adjusted Base Contract Price (the “Positive Market Differential”).

  • Subject to Buyer's compliance with its obligations in Section 14.3 (Rate Covenant), Buyer's obligation to make payments under this Agreement shall be limited solely to (a) the Fund, (b) amounts received by Buyer that were required by the Statute to be collected and deposited in the Fund but which were not so collected and deposited in the Fund, and (c) amounts in the Consumer Protection Reserve Account.

  • The savings guarantee and revenue sharing, in part, is managed through the Consumer Protection Reserve Account (“CPRA”) described in Section (A), above.

  • Each monthly statement shall include metering data, as well as the calculation of the Adjusted Market Differential, Buyer shall provide Seller a monthly statement summarizing the withdrawals from the Consumer Protection Reserve Account made each month to enable Seller to determine the Adjusted Market Differential.

  • As collateral security for the payment in full (whether at stated maturity, by acceleration or otherwise) of all amounts due by Buyer to Seller under this Agreement, Buyer hereby pledges and grants to Seller a security interest in all of Buyer's right, title and interest in, to and under the Fund and the Consumer Protection Reserve Account and a general first lien upon and right of set off against (the "Collateral").

  • Each monthly statement shall include metering data, as well as the calculation of the Adjustment for the Consumer Protection Reserve Account.

Related to Consumer Protection Reserve Account

  • Consumer Protection Act means the Consumer Protection Act, No. 68 of 2008 (as amended from time to time).

  • Consumer account means an account established primarily for personal, family, or household use.

  • Consumer Loans means Loans to individuals for household, family and other personal expenditures (including United States and/or State-guaranteed student loans and extensions of credit pursuant to a credit card plan or debit card plan).

  • Consumer loan means a loan to one or more individuals for household, family, or other personal expenditures. A consumer loan does not include a home mortgage, small business, or small farm loan. Consumer loans include the following categories of loans:

  • Property Protection Advances shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement or Non-Lead Securitization Servicing Agreement, as applicable.

  • the We Love Manchester Emergency Fund means the registered charity of that name (number 1173260) established on 30th May 2017;

  • National Flood Insurance Program means the program created by the U.S. Congress pursuant to the National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973, as revised by the National Flood Insurance Reform Act of 1994, that mandates the purchase of flood insurance to cover real property improvements located in Special Flood Hazard Areas in participating communities and provides protection to property owners through a Federal insurance program.

  • Post-Consumer Waste means any product generated by a business or consumer which has served its intended end use, and which has been separated or diverted from solid waste for the purpose of recycling into a usable commodity or product, and which does not include post-industrial waste.

  • Cathodic protection tester means a person who can demonstrate an understanding of the principles and measurements of all common types of cathodic protection systems as applied to buried or submerged metal piping and tank systems. At a minimum, such persons must have education and experience in soil resistivity, stray current, structure-to-soil potential, and component electrical isolation measurements of buried metal piping and tank systems.

  • the applicable data protection law means the legislation protecting the fundamental rights and freedoms of individuals and, in particular, their right to privacy with respect to the processing of personal data applicable to a data controller in the Member State in which the data exporter is established;

  • Applicable Data Protection Law means all data privacy or data protection laws or regulations globally that apply to the Processing of Personal Information under this Data Processing Agreement, which may include Applicable European Data Protection Law.

  • Energy efficiency portfolio standard means a requirement to

  • National Credit Act means the National Credit Act, 2005 (Act No. 34 of 2005);

  • Detroit consumer price index means the most comprehensive index of consumer prices available for the Detroit area from the United States department of labor, bureau of labor statistics.

  • Credit Risk Management Fee The amount payable to the Credit Risk Manager on each Distribution Date as compensation for all services rendered by it in the exercise and performance of any and all powers and duties of the Credit Risk Manager under the Credit Risk Management Agreements, which amount shall equal one twelfth of the product of (i) the Credit Risk Management Fee Rate multiplied by (ii) the Stated Principal Balance of the Mortgage Loans and any related REO Properties as of the first day of the related Due Period.

  • Flood Insurance Regulations means (i) the National Flood Insurance Act of 1968 as now or hereafter in effect or any successor statute thereto, (ii) the Flood Disaster Protection Act of 1973 as now or hereafter in effect or any successor statue thereto, (iii) the National Flood Insurance Reform Act of 1994 (amending 42 USC 4001, et seq.), as the same may be amended or recodified from time to time, and (iv) the Flood Insurance Reform Act of 2004 and any regulations promulgated thereunder.

  • Consumer reporting agency means any person that, for monetary fees, dues, or on a cooperative nonprofit basis, regularly engages in whole or in part in the practice of assembling or evaluating consumer credit information or other information concerning consumers for the purpose of furnishing consumer credit reports to third parties.

  • Federal Flood Insurance means federally backed Flood Insurance available under the National Flood Insurance Program to owners of real property improvements located in Special Flood Hazard Areas in a community participating in the National Flood Insurance Program.

  • Credit Risk Manager Fee The fee payable to the Credit Risk Manager on each Distribution Date for its services as Credit Risk Manager, in an amount equal to one-twelfth of the Credit Risk Manager Fee Rate multiplied by the Stated Principal Balance of the Mortgage Loans immediately prior to such Distribution Date. Credit Risk Manager Fee Rate: 0.0165% per annum.

  • Consumer report means any written, oral or other communication of any information by a consumer reporting agency bearing on your credit worthiness, credit standing, credit capacity, character, general reputation, personal characteristics, or mode of living which is used or expected to be used or collected in whole or in part for the purpose of serving as a factor in establishing your eligibility for employment purposes.

  • Credit accident and health insurance means insurance on a debtor to provide

  • Property Protection Advance shall have the meaning assigned to the term “Servicing Advance” in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

  • Flood Insurance Rate Map means the most recent flood hazard map published by the Federal Emergency Management Agency under the National Flood Insurance Act of 1968 (42 U.S.C. Section 4001 et seq.).

  • Cathodic protection means a technique designed to prevent the corrosion of a metal surface by making that surface the cathode of an electrochemical cell. For example, protection can be accomplished with an impressed current system or a galvanic anode system.

  • Flood Insurance Rate Map (FIRM means the official map on which the Federal Insurance Administration has delineated both the areas of special flood hazards and the risk premium zones applicable to the community.

  • Consumer advocate means the consumer advocate referred to in Iowa Code chapter 475A.