Examples of Deferred fuel cost charge in a sentence
On or before the last Servicer Business Day of each month, the Servicer shall prepare and deliver to the Issuer, the Indenture Trustee and the Rating Agencies a written report substantially in the form of Exhibit B (a “Monthly Servicer’s Certificate”) setting forth certain information relating to Deferred Fuel Cost Charge Payments received by the Servicer during the Collection Period preceding such date.
Notwithstanding anything in this Sale Agreement to the contrary, the Seller makes no representation or warranty, express or implied, that amounts billed under the Deferred Fuel Cost Charge will be collected or that the Deferred Fuel Cost Payments or Deferred Fuel Cost Collections will be sufficient to meet the obligations on the Deferred Fuel Cost Bonds.
In addition, so long as any of the Deferred Fuel Cost Bonds are Outstanding, the Servicer will use commercially reasonable efforts to ensure that such Third-Party Supplier provides to the Issuer, within a reasonable period of time after written request therefor, any information available to the Third-Party Supplier or reasonably obtainable by it that is necessary to calculate the Deferred Fuel Cost Charge.
The Servicer shall implement the revised Deferred Fuel Cost Charge, if any, resulting from such Semi-Annual True-Up Adjustment as of the Semi-Annual True-Up Adjustment Date.
Deferred Fuel Cost Charge Collections remitted will represent the charges estimated to be received for any period based upon Collection Lag and an estimated system-wide write-off percentage.
After each revised Deferred Fuel Cost Charge has gone into effect pursuant to a True-Up Adjustment, the Servicer shall, to the extent and in the manner and time frame required by applicable Commission Regulations, if any, cause to be prepared and delivered to Customers required notices, if any, announcing such revised Deferred Fuel Cost Charge.
Prior to remittance on the applicable remittance date, the Servicer may invest estimated Deferred Fuel Cost Charge Payments at its own risk and for its own benefit, and such investments and funds shall not be required to be segregated from the other investments and funds of the Servicer.
Whenever the Servicer files an Amendatory Schedule with the Commission or implements a revised Deferred Fuel Cost Charge with notice to the Commission without filing an Amendatory Schedule, the Servicer shall send a copy of such filing or notice (together with a copy of all notices and documents that, in the Servicer’s reasonable judgment, are material to the adjustments effected by such Amendatory Schedule or notice) to the Issuer, the Indenture Trustee and the Rating Agencies concurrently therewith.
With respect to any partial payments, payments by Customers participating in VEPCO’s budget billing program or payments by Customers paying pursuant to a payment plan, an amount equal to the full Deferred Fuel Cost Charge based on actual usage by such Customers will be allocated to the Deferred Fuel Cost Charge (with any remaining amounts allocated to such Customer’s other billed amounts) under the Servicer Policies and Practices as in effect on the date of the Servicing Agreement.
If, for any reason a revised Deferred Fuel Cost Charge is not implemented and effective on the applicable date set forth herein, the Servicer shall notify the Issuer, the Indenture Trustee and each Rating Agency in writing by the end of the second Servicer Business Day after such applicable date.