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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Consumer Protection Reserve Account or "CPR Reserve Account" means the escrow account established by Seller at a financial institution mutually acceptable to the Parties for the benefit of Buyer pursuant to Section 12.8 (Consumer Protection Reserve Account).
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Examples of Consumer Protection Reserve Account in a sentence

  • 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.

  • 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.

  • 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.

  • Public and private cloud services in a UK government context: G-Cloud phase 2 definitions: Public Cloud means Utility Computing that is available to individuals, public and private sector organisations.

  • 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.

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

  • 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”).

  • Buyer agrees to work together with Seller, 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.

  • 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").

Related to Consumer Protection Reserve Account

  • Consumer Protection Act means the Consumer Protection Act, No 68 of 2008;

  • 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 made by a financial institution in which:

  • 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.