Remittance Shortfall definition

Remittance Shortfall means the amount, if any, calculated for a particular Reconciliation Period, by which Deemed Phase-In-Recovery Charge Payments during such Reconciliation Period exceed Phase-In-Recovery Charge Collections during such Reconciliation Period.

Remittance Shortfall means the amount, if any, calculated for a particular Reconciliation Period, by which Actual FRC Collections received by the Servicer during such Reconciliation Period exceed all Estimated FRC Collections remitted to the Collection Account during such Reconciliation Period.

Remittance Shortfall means the amount, if any, calculated for a particular Reconciliation Period, by which Actual TC Collections received by the Servicer during such Reconciliation Period exceed all Estimated TC Collections remitted to the Collection Account during such Reconciliation Period.

Examples of Remittance Shortfall in a sentence

• If there is a Remittance Shortfall, the amount which the Servicer remits to the General Subaccount of the Collection Account on the relevant date set forth above shall be increased by the amount of such Remittance Shortfall, such increase coming from the Servicer’s own funds.

• The Servicer shall calculate the amount of any Remittance Shortfall or Excess Remittance for the immediately preceding Reconciliation Period, and (A) if a Remittance Shortfall exists, the Servicer shall make a supplemental remittance, to the General Subaccount of the Collection Account within ten (10) days, or (B) if an Excess Remittance exists, the Servicer will reduce the Daily Remittance(s) over the next month following the date of the Reconciliation Certificate to the Indenture Trustee.

More Definitions of Remittance Shortfall

Remittance Shortfall means the amount, if any, calculated for a particular Reconciliation Period, by which Actual Securitized Utility Tariff Charge Collections received by the Servicer during such Reconciliation Period exceed all Estimated Securitized Utility Tariff Charge Collections remitted to the Collection Account during such Reconciliation Period.

Remittance Shortfall means the amount, if any, calculated for a particular Reconciliation Period, by which all Deferred Fuel Cost Charge Collections during such Reconciliation Period exceed all Estimated Deferred Fuel Cost Charge Collections remitted to the Collection Account during such Reconciliation period.

Remittance Shortfall means the amount, if any, by which Actual FTA Payments received by the Servicer attributable to a Billing Period exceed the Estimated FTA Payments previously remitted to the Collection Account with respect to such Billing Period, calculated on or before the Monthly Administrative Date in the seventh calendar month following the applicable Billing Period.

Remittance Shortfall means the amount, if any, calculated for a particular Reconciliation Period, by which Actual SRC Collections received by the Servicer during such Reconciliation Period exceed all Estimated SRC Collections remitted to the Collection Account during such Reconciliation Period.

Remittance Shortfall means the amount, if any, calculated for a particular Reconciliation Period, by which Deemed RTC Charge Payments during such Reconciliation Period exceed RTC Charge Collections during such Reconciliation Period.

Remittance Shortfall means the amount, if any, calculated for a particular period, by which Estimated Storm-Recovery Charge Payments during such period exceed Storm-Recovery Charge collections during such period.

Remittance Shortfall means the amount, if any, calculated for a particular Reconciliation Period, by which Actual Environmental Control Charge Collections received by the Servicer during such Reconciliation Period exceed all Estimated Environmental Control Charge Collections remitted to the Collection Account during such Reconciliation Period.