Payment Processing; Allocation; Priority of Payments. (i) The Servicer shall post all payments received to Customer accounts as promptly as practicable, and, in any event, substantially all payments shall be posted no later than three (3) Business Days after receipt.
Payment Processing; Allocation; Priority of Payments. The Servicer shall post all payments received to customer or TPS accounts as promptly as practicable, and, in any event, substantially all payments shall be posted no later than one Servicer Business Day after receipt.
Payment Processing; Allocation; Priority of Payments. The Servicer shall post all payments received to Customer accounts as promptly as practicable, and, in any event, substantially all payments shall be posted no later than three (3) Business Days after receipt.Until retail competition is introduced into the Service Area, any amounts collected by the Servicer that represent partial payments of the total Xxxx to a Customer shall be applied by the Servicer in the following order of priority: (1) to any amounts due with respect to customer deposits, (2) to all electric service charges of EGSI on the Xxxx and to all Transition Charges on the Xxxx, pro rata based upon the total amount billed, and (3) to tax and remaining charges billed to the Customers. Any amounts allocated to Transition Charge payments pursuant to (2) above shall be further allocated as follows: (A) first to amounts owed to the Issuer, EGSI and any other affiliate of EGSI which is owed "Transition Charges" as defined in Sections 39.302(7) and 39.460(f) of the Securitization Law (excluding any late fees and interest charges), regardless of age, pro rata in proportion to their respective percentages of the total amount of their combined outstanding charges on such Xxxx; then (B) all late charges shall be allocated to the Servicer; provided that penalty payments owed on late payments of Transition Charges shall be allocated to the Issuer in accordance with the terms of the Tariffs. If more than one Series of Transition Bonds is outstanding, the Servicer shall allocate amounts owed to the Issuer ratably based on the total amount of Transition Charges on such xxxx which were billed in respect of each such Series. It is understood that such allocations may be made on a delayed basis in accordance with the reconciliations described in Section 6 of this Annex.When and if the Service Area becomes subject to retail competition, the Servicer shall apply payments received to each Customer's or any and each Applicable REP's account in proportion to the charges contained on the outstanding Xxxx to such Customer or Applicable REP. Any amounts collected by the Servicer that represent partial payments of the total Xxxx to a Customer or any REP shall be allocated as follows: (A) first to amounts owed to the Issuer, EGSI and any other affiliate of EGSI which is owed "Transition Charges" as defined in Sections 39.302(7) and 39.460(f) of the Securitization Law (excluding any late fees and interest charges), regardless of age, pro rata in proportion to their respect...
Payment Processing; Allocation; Priority of Payments. (i) The Servicer shall post all payments received to Customer accounts as promptly as practicable, and, in any event, substantially all payments shall be posted no later than (A) one Servicer Business Day after receipt by the Servicer if payment is made directly to the Servicer by a Customer, (B) two Servicer Business Days after receipt by a Thirty-Party Collector (other than an ARES or another electric utility) acting as agent for the Servicer, or (C) two Servicer Business Days after receipt by the Servicer from an ARES or another electric utility.
Payment Processing; Allocation; Priority of Payments. (i) The Servicer shall post all payments received to Customer accounts as promptly as practicable, and, in any event, substantially all payments shall be posted no later than two (2) Business Days after receipt. Any amounts collected by the Servicer that represent partial payments of the total Xxxx to a Customer shall be applied by the Servicer in the following order of priority: (1) to any amounts due with respect to Customer deposits, (2) to all electric service charges of EAI on the Xxxx other than Storm Recovery Charges, (3) to all Storm Recovery Charges on the Xxxx; and (4) to tax and remaining charges billed to the Customers. Any amounts allocated to Storm Recovery Charge payments pursuant to (3) above shall be further allocated as follows: (A) first to amounts owed to the Issuer, EAI and any other affiliate of EAI which is owed “Storm Recovery Charges” as defined in Section 23-18-902(14) of the Securitization Act (excluding any late fees and interest charges), regardless of age, pro rata in proportion to their respective percentages of the total amount of their combined outstanding charges on such Xxxx; then (B) late payment charges associated with Storm Recovery Charges shall be paid to the Indenture Trustee.
Payment Processing; Allocation; Priority of Payments. (i) The Servicer shall post all payments received to Customer accounts as promptly as practicable, and, in any event, substantially all payments shall be posted no later than five Servicer Business Days after receipt.
Payment Processing; Allocation; Priority of Payments. (i) The Servicer shall post all payments received to California Customer or ESP accounts as promptly as practicable, and, in any event, substantially all payments shall be posted no later than two Servicer Business Days after receipt.
Payment Processing; Allocation; Priority of Payments. (i)The Servicer shall post all payments received to Customer accounts as promptly as practicable, and, in any event, substantially all payments shall be posted no later than 3 Business Days after receipt. (ii)If any Customer does not pay the full amount of any Xxxx to XXX, the amount paid by the Customer will be applied in the chronological order of billing in the following order of priority: first, to any amounts due with respect to Customer deposits, second, to all charges of ENO on the Xxxx (which do not include SRCs), third, to all Storm Restoration Charges, on a pari passu basis, based upon the amounts billed with respect to each charge, and fourth, to additional pledges billed to the Customer. If there is more than one owner (or pledgee or pledgees) of Storm Recovery Property, such partial collections representing Storm Recovery Charges shall be allocated among such owners (or pledgee or pledgees), pro-rata based upon the amounts billed with respect to each charge payable to each such owner or pledgee, provided that late fees and charges may be allocated to the Servicer as provided in the Tariff. (iii)The Servicer shall hold all over-payments for the benefit of the Issuer and ENO and shall apply such funds to future Xxxx charges in accordance with clause (ii) as such charges become due. (c)
Payment Processing; Allocation; Priority of Payments. (i) The Servicer shall post all payments received to Customer accounts as promptly as practicable, and, in any event, substantially all payments shall be posted no later than two (2) Business Days after receipt. Any amounts collected by the Servicer that represent partial payments of the total Xxxx to a Customer shall be applied by the Servicer in the following order of priority: (1) to any amounts due with respect to Customer deposits, (2) to all electric service charges of EAI on the Xxxx other than Storm Recovery Charges, (3) to all Storm Recovery Charges on the Xxxx; and (4) to tax and remaining charges billed to the Customers. Any amounts allocated to Storm Recovery Charge payments pursuant to (3) above shall be further allocated as follows: (A) first to amounts owed to the Issuer, EAI and any other affiliate of EAI which is owed “Storm Recovery Charges” as defined in Section 23-18-902(14) of the Securitization Act (excluding any late fees and interest charges), regardless of age, pro rata in proportion to their respective percentages of the total amount of their combined outstanding charges on such Xxxx; then (B) late payment charges associated with Storm Recovery Charges shall be paid to the Indenture Trustee. (ii) The Servicer shall hold all over-payments for the benefit of the Issuer and EAI and shall apply such funds to future Xxxx charges in accordance with clause (i) as such charges become due. (iii) For Customers on a Budget Billing Plan, the Servicer shall treat SRC Payments received from such Customers as if such Customers had been billed for their respective Storm Recovery Charges in the absence of the Budget Billing Plan; partial payment of a Budget Billing Plan payment shall be allocated according to clause (i) and overpayment of a Budget Billing Plan payment shall be allocated according to clause (ii). (c)
Payment Processing; Allocation; Priority of Payments. The Servicer shall post all payments received to Customer accounts as promptly as practicable in accordance with the Service Policies and Practices.
