Examples of SB Charge in a sentence
If the Seller receives collections of the SB Charge with respect to the Securitization Property or the proceeds thereof, the Seller shall pay the Servicer all payments received by the Seller in respect thereof as soon as practicable after receipt thereof by the Seller, but in no event later than two Business Days after such receipt.
The assumptions used in calculating the initial SB Charge pursuant to the Financing Order are reasonable and made in good faith.
In addition, so long as any of the Securitization Bonds of any Series are outstanding, the Servicer shall provide to the Issuer and to the Trustee, within a reasonable time after written request therefor, any information available to the Servicer or reasonably obtainable by it that is necessary to calculate the SB Charge.
Upon a partial payment of amounts billed, including amounts billed under special contracts, such partial payments shall be allocated ratably among the SB Charge, the SB Tax Charge (as defined in the Financing Order) and the Seller's other billed amounts (including any accrued interest and late fees) based on the ratio of each component of the bill xx the total bill.
The Servicer shall be entitled to retain as additional compensation any interest earnings on Estimated SB Charge Payments invested by it.
Pursuant to Section 4.03(b) of the Agreement, on or before [ ] of each year, the Servicer shall calculate the amount of Deemed SB Charge Payments by multiplying the Billed SB Charges by the result of one hundred percent less the Actual Charge-Off Percent.
Such product shall constitute the amount of Estimated SB Charge Payments.
Prior to remittance on the applicable Remittance Date, the Servicer may invest Estimated SB Charge Payments at its own risk and for its own benefit, and such investments and funds shall not be required to be segregated from the other investments and funds of the Servicer.
Using the formula approved by the Commission in the Financing Order, this filing establishes the variables used in the calculation of the initial SB Charge and provides the resulting SB Charge and SB Tax Charge.
It is anticipated that the SB Charge and SB Tax Charge will be in effect from March 26, 2001 through February 28, 2002, at which time the charges may be modified pursuant to the true-up procedures established in the Financing Order.