Excess Remittance means the amount, if any, calculated for a particular Reconciliation Period, by which all Estimated FRC Collections remitted to the Collection Account during such Reconciliation Period exceed Actual FRC Collections received by the Servicer during such Reconciliation Period.
Excess Remittance means the amount, if any, calculated for a particular Reconciliation Period, by which all Estimated Securitized Utility Tariff Charge Collections remitted to the Collection Account during such Reconciliation Period exceed Actual Securitized Utility Tariff Charge Collections received by the Servicer during such Reconciliation Period.
Excess Remittance means the amount, if any, calculated for a particular Reconciliation Period, by which all Estimated TC Collections remitted to the Collection Account during such Reconciliation Period exceed Actual TC Collections received by the Servicer during such Reconciliation Period.
Examples of Excess Remittance in a sentence
If an Excess Remittance exists, the Servicer shall cause such Excess Remittance to be corrected as soon as practicable by (i) reducing the amount of each Daily Remittance from the Allocation Account until the balance of such Excess Remittance has been reduced to zero or (ii) causing payment of the amount of such Excess Remittance to the Servicer (for remittance to the XXXX Xxxx Trustee) from the General Subaccount or the Excess Funds Subaccount, if necessary.
If Third Parties are authorized to bill, collect and remit Charges, the Servicer shall be allowed to use the reimbursement of any Excess Remittance to reimburse any Third Parties for the excess of their remittances over actual Charge Payments received by such Third Parties in accordance with the terms of Authority Regulations.
More Definitions of Excess Remittance
Excess Remittance means the amount, if any, calculated for a particular Reconciliation Period, by which all Estimated Deferred Fuel Cost Charge Collections remitted to the Collection Account during such Reconciliation Period exceed Deferred Fuel Cost Charge Collections during such Reconciliation Period.
Excess Remittance means the amount, if any, calculated for a particular Reconciliation Period, by which all estimated SRC Collections remitted to the Collection Account during such Reconciliation Period exceed actual SRC Collections received by the Servicer during such Reconciliation Period.
Excess Remittance means the amount, if any, calculated for a particular Reconciliation Period, by which all Estimated Environmental Control Charge Collections remitted to the Collection Account during such Reconciliation Period exceed Actual Environmental Control Charge Collections received by the Servicer during such Reconciliation Period.
Excess Remittance means the amount, if any, by which Estimated FTA Payments previously remitted to the Collection Account with respect to a Billing Period exceed Actual FTA Payments received by the Servicer attributable to such Billing Period, calculated on or before the Monthly Administrative Date in the seventh calendar month following the applicable Billing Period.
Excess Remittance means the amount, if any, calculated for a particular Reconciliation Period, by which all Estimated EC Charge Collections remitted to the Collection Account during such Reconciliation Period exceed EC Charge Collections received by the Servicer during such Reconciliation Period.
Excess Remittance means the amount, if any, calculated for a particular Collection Period, by which all Estimated Collections remitted to the Collection Account during such Collection Period exceed Storm Recovery Charge Collections received by the Servicer during such Collection Period.
Excess Remittance means the amount, if any, calculated for a particular Collection Period, by which all Estimated CRR Charge Collections remitted to the Collection Account during such Collection Period exceed Actual CRR Charge Collections received by the Servicer during such Collection Period.