Ongoing Other Qualified Costs definition

Ongoing Other Qualified Costs means the Qualified Costs described as such in the Financing Order, including Operating Expenses and any other costs identified in the Basic Documents; provided, however, that Ongoing Other Qualified Costs do not include the Issuer’s costs of issuance of the Securitization Bonds and Consumers Energy’s costs of retiring existing debt and equity securities.
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Ongoing Other Qualified Costs has the meaning assigned to that term in the Financing Order.
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Examples of Ongoing Other Qualified Costs in a sentence

  • There is no cap on the level of Securitization Charges that may be imposed on Customers as a result of the True-Up Mechanism to pay on a timely basis scheduled principal of and interest on the Securitization Bonds and Ongoing Other Qualified Costs.

  • There is no cap on the level of Distribution Securitization Charges that may be imposed on Distribution Customers as a result of the True-Up Adjustment process to pay on a timely basis scheduled principal of and interest on the Securitization Bonds and Ongoing Other Qualified Costs in proportion relating to Tree Trim costs.

  • There is no cap on the level of Power Supply Securitization Charges that may be imposed on Power Supply Customers as a result of the True-Up Adjustment process to pay on a timely basis scheduled principal of and interest on the Securitization Bonds and Ongoing Other Qualified Costs in proportion relating to River Rouge costs.

  • The Initial Other Qualified Costs include the annual costs of the SPE as it pays debt service, which includes both interest and principal amortization, on the securitization bonds, as well as the SPE’s Ongoing Other Qualified Costs and the costs associated with paying down debt or equity of the Company.

  • Mr. Torrey explains that the purpose of the periodic true-up mechanism is to adjust the securitization charge to ensure cash collections are sufficient to meet the obligations of the securitization bonds, including for bond principal, interest and Ongoing Other Qualified Costs.

  • Id.Precedent Securitizations Servicing Fee (%) by year0.25% 0.20% 0.15% 0.10% 0.05% 0.00%2006 2008 2010 2012 2014 2016 2018 2020 2022 2024Table 16 Max: 0.21%Avg: 0.07%Median: 0.05%Min: 0.03% CE Co '14 CECo '23 The Company’s requested servicing fee was fully supported by the record, is reasonable, and the Commission should approve it.As a result of the foregoing, the Company fully supported the Ongoing Other Qualified Costs.

  • The Governmental Unit is a legally and regularly created, established, organized and existing charter municipality with home-rule powers under the statutes and laws of the State.

  • Id. Importantly, Mr. Wehner testified that, with respect to any differences between actual and estimated levels of Ongoing Other Qualified Costs, the Company will adjust the securitization charges through the true-up mechanism.

  • She noted that charges are based on forecasted sales, the most recently approved production capacity allocation across rate classes, and the estimated Ongoing Other Qualified Costs of the securitization bond issuer, which are unlikely to ever exactly match actual sales and actual expenses.

  • Mr. Wehner provided the Ongoing Other Qualified Costs of the SPE on his Exhibit A-20, and fully supported the cost projections in his testimony.

Related to Ongoing Other Qualified Costs

  • Qualified Costs means an electric utility's regulatory assets as determined by the commission, adjusted by the applicable portion of related investment tax credits, plus any costs that the commission determines that the electric utility would be unlikely to collect in a competitive market, including, but not limited to, retail open access implementation costs and the costs of a commission approved restructuring, buyout or buy-down of a power purchase contract, together with the costs of issuing, supporting, and servicing securitization bonds and any costs of retiring and refunding the electric utility's existing debt and equity securities in connection with the issuance of securitization bonds. Qualified costs include taxes related to the recovery of securitization charges.

  • Fixed Costs means costs which do not vary with consumption or volume produced;

  • Capitalization Reimbursement Shortfall Amount With respect to any Distribution Date and, with respect to any Mortgage Pool comprised of two or more Loan Groups, each Loan Group, the amount, if any, by which the amount of Advances or Servicing Advances that were added to the Stated Principal Balance of all Mortgage Loans (or, if the Mortgage Pool is comprised of two or more Loan Groups, on the Mortgage Loans in the related Loan Group) during the preceding calendar month exceeds the amount of principal payments on the Mortgage Loans included in the Available Distribution Amount (or, if the Mortgage Pool is comprised of two or more Loan Groups, Available Distribution Amount for the related Loan Group) for that Distribution Date.

  • Capitalization Reimbursement Amount As to any Distribution Date, the amount of Advances or Servicing Advances that were added to the Stated Principal Balance of the related Mortgage Loans during the prior calendar month and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date pursuant to Section 3.10(a)(vii), plus the Capitalization Reimbursement Shortfall Amount remaining unreimbursed from any prior Distribution Date and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date.

  • Request for Quotations means a Written or oral request for prices, rates or other conditions under which a potential Contractor would provide Goods or perform Services, Personal Services or Public Improvements described in the request.

  • Compliance Costs means all expenses, commitments or obligations in excess of one million dollars ($1,000,000) incurred by Carrier or required to be incurred by Carrier to comply with a Change in Law, irrespective of whether such expenses, commitments or obligations are to be incurred as a one-time expenditure or periodically for an extended period.

  • Organizational Expenses has the meaning set forth in Section 4.2(b).

  • Continuing treatment means ongoing medical treatment or supervision by a health care provider.

  • Borrower Delayed Reimbursements Any Additional Trust Fund Expenses and reimbursements of Advances that the related Mortgagor is required, pursuant to a written modification agreement, to pay in the future to the Trust in its capacity as owner of the related Mortgage Loan.

  • Reasonable Additional Expenses means expenses for meals, taxi fares, essential telephone calls, local transportation, and lodging which are necessarily incurred as the result of Trip Delay and which are not provided by the Common Carrier or any other party free of charge.

  • Request for Qualifications means all materials and

  • Continuing care means some or all of the following services:

  • Qualified expenses means lost wages not compensated by sick pay and unreimbursed medical expenses as defined for federal income tax purposes, to the extent not deducted in computing federal taxable income, whether or not the taxpayer itemizes federal income tax deductions.

  • Independent Qualified Party means an investment banking firm, accounting firm or appraisal firm of national standing; provided, however, that such firm is not an Affiliate of the Company.

  • Impermissible Qualification means, relative to the opinion or certification of any independent public accountant as to any financial statement of the Borrower, any qualification or exception to such opinion or certification:

  • Level IV Pricing applies on any day on which (i) the Borrower’s long-term debt is rated BBB+ or higher by S&P or Baa1 or higher by Moody’s and (ii) none of Level I Pricing, Level II Pricing or Level III Pricing applies.

  • Reimbursable Costs means expenses incurred by the employee in the course of engaging in the planned learning activity and include registration, tuition and examination fees as well as textbooks/discs and applicable taxes. They may also include reasonable, incremental meal, accommodation and travel expenses.

  • Eligible Costs means the actual costs reasonably incurred by the Recipient:

  • Level IV Status exists at any date if, on such date, (i) the Borrower has not qualified for Level I Status, Level II Status or Level III Status and (ii) the Borrower's Xxxxx'x Rating is Baa3 or better or the Borrower's S&P Rating is BBB- or better.

  • Company Reimbursable Costs means the actual costs and expenses incurred by Company and/or its Affiliates in connection with performance of the Company Work or otherwise incurred by Company and/or its Affiliates in connection with this Agreement, and including, without limitation, any such costs that may have been incurred by Company and/or its Affiliates in connection with the Company Work or this Agreement prior to the Effective Date. These Company Reimbursable Costs shall include, without limitation, the actual expenses for labor (including, without limitation, internal labor), services, materials, subcontracts, equipment or other expenses incurred in the execution of the Company Work, all applicable overhead, overtime costs, all federal, state and local taxes incurred (including, without limitation, all taxes arising from amounts paid to Company that are deemed to be contributions in aid of construction), all costs of outside experts, consultants, counsel and contractors, all other third-party fees and costs, and all costs of obtaining any required permits, rights, consents, releases, approvals, or authorizations acquired by or on behalf of Company, including, without limitation, the Required Approvals.

  • Utilization Fee shall have the meaning assigned to such term in Section 2.06(b).

  • Refinancing Effective Date shall have the meaning assigned to such term in Section 2.21(j).

  • Non-Utilization Fee has the meaning assigned thereto in the Pricing Side Letter.

  • Operation and Maintenance Costs means the costs of:

  • Medical Expenses means those expenses that an Insured Person has necessarily and actually incurred for medical treatment on account of Illness or Accident on the advice of a Medical Practitioner, as long as these are no more than would have been payable if the Insured Person had not been insured and no more than other hospitals or doctors in the same locality would have charged for the same medical treatment.

  • Restructuring Effective Date has the meaning set out in the Restructuring Implementation Deed;