Periodic Billing Requirement definition

Periodic Billing Requirement means, for any Remittance Period, the aggregate amount of Charges calculated by the Servicer as necessary to be billed during such period in order to collect the Periodic Payment Requirement on a timely basis.

Periodic Billing Requirement means, for any Calculation Period, the aggregate amount of Securitization Charges calculated by the Servicer as necessary to be billed during such period in order to collect the Periodic Payment Requirement on a timely basis.

Periodic Billing Requirement means, for any Payment Period, the aggregate amount of Fixed Recovery Charges calculated by the Servicer, using write-offs and Average Days Sales Outstanding data as necessary to be billed during such period in order to collect the Periodic Payment Requirement on a timely basis.

Examples of Periodic Billing Requirement in a sentence

• These Periodic Payment Requirements will be adjusted based upon the Cash Flow Model to determine the Periodic Billing Requirement, as shown in Exhibit 3.

• The Servicer shall periodically review the need for modified or additional terms based upon, among other things, (i) the relative amount of TC Payments received through REPs relative to the Periodic Billing Requirement, (ii) the historical payment and default experience of each REP and (iii) such other credit and collection policies to which the REPs are subject, and if permitted by applicable law, will set out any such modified or additional terms in a supplemental tariff filed with the PUCT.

• No change in an initial or adjusted PBRAF shall cause the sum of all PBRAFs to be more than or less than 100% or change the total Periodic Billing Requirement for any period.

• The Master Servicer will calculate the Periodic Billing Requirement (“PBR”) by adjusting the Net PPR for each Participating Member by the most recent delinquency, write-offs and payment lag experience (i.e., to calculate the amount which must be billed to customers, in accordance with the tariff, to result in the collection of the Net PPR during such Calculation Period).

• These Periodic Payment Requirements will be adjusted based upon the Cash Flow Model to determine the Periodic Billing Requirement; as shown in Exhibit 3.

More Definitions of Periodic Billing Requirement

Periodic Billing Requirement means the aggregate dollar amount of Storm Recovery Charges that must be billed during a given period (i.e., semi-annually, or such other applicable period) so that the projected SRC Collections will be timely and sufficient to meet the entire aggregate Periodic Payment Requirement for that period, based upon: (i) forecast usage data for the period; (ii) forecast uncollectibles for the period; and (iii) forecast lags in collection of billed Storm Recovery Charges for the period. In the Storm Recovery Charge Adjustment process, the over or under collection from any period will be added to or subtracted from, as the case may be, the Periodic Billing Requirement for the upcoming period.

Periodic Billing Requirement means, for any Collection Period, the aggregate amount of Environmental Control Charges calculated by the Servicer as necessary to be billed during such period in order to collect the Periodic Revenue Requirement on a timely basis.

Periodic Billing Requirement means, for any Calculation Period, the aggregate dollar amount of Storm Recovery Charges calculated by the Servicer as necessary to be billed during such period in order to collect the Periodic Payment Requirement on a timely basis.

Periodic Billing Requirement means, for any Calculation Period, the aggregate amount of CRR Charges calculated by the Servicer as necessary to be billed during such period in order to collect the Periodic Payment Requirement on a timely basis.

Periodic Billing Requirement means, the aggregate dollar amount of Securitized Utility Tariff Charges that must be billed during a given period after giving effect to amounts on deposit in the Excess Funds Subaccount at the time of the calculation and that are projected to be available for payment at the end of such Payment Period and any shortfalls in Period Payment Requirements for any prior Payment Period so that the Securitized Utility Tariff Charge Collections will be sufficient to meet the Periodic Payment Requirement for the period, given: (i) Forecast Usage Data for the period (ii) Forecast Uncollectible for the period; and (iii) Forecast Lags in Collection of billed Securitized Utility Tariff Charges for the period.

Periodic Billing Requirement or “PBR” means the aggregate dollar amount of SRCs that must be billed during a given period (i.e., semi‑annually or such other applicable period) so that the SRC Collections will be timely and sufficient to meet the PPR for that period, based upon: (i) forecast usage data for the period; (ii) forecast uncollectibles for the period; (iii) forecasts lags in collection of billed SRCs for the period; and (iv) projected collections of SRCs pending the implementation of the True-Up Adjustment.

Periodic Billing Requirement or “PBR” means the aggregate dollar amount of IRCs that must be billed during a given period (i.e., semi-annually or such other applicable period) so that the IRC Collections will be timely and sufficient to meet the PPR for that period, based upon: (i) forecast usage data for the period; (ii) forecast uncollectibles for the period; (iii) forecasts lags in collection of billed IRCs for the period; and (iv) projected collections of IRCs pending the implementation of the True-Up Adjustment.