Securitization Charge definition

Securitization Charge means any securitization charges as defined in Section 10h(i) of the Securitization Law that are authorized by the Financing Order.

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Securitization Charge as defined in Appendix A to the 2014 Servicing Agreement.

Securitization Charge means the nonbypassable amounts to be charged for the use or availability of electric services (but does not include tax charges authorized by the Financing Order), approved by the MPSC under the Financing Order, to fully recover qualified costs, to be collected by Consumers, its successors, assignees or other collection agents, as provided for in the Financing Order.

Examples of Securitization Charge in a sentence

Each Servicer Business Day, after giving effect to collections (including Securitization Charge Collections) on such Servicer Business Day, the total collections for each Securitization Rate Class are multiplied by the prior Billing Period’s Securitization Ratio for such Securitization Rate Class.
The Servicer further agrees not to make any claim to reduce its obligation to remit all Securitization Charge Payments collected by it in accordance with this Servicing Agreement except for late fees permitted by Section 6.06.
In the event that the Seller receives any Securitization Charge Collections or other payments in respect of the Securitization Charges or the proceeds thereof other than in its capacity as the Servicer, the Seller agrees to pay to the Servicer, on behalf of the Issuer, all payments received by it in respect thereof as soon as practicable after receipt thereof.
Prior to each Daily Remittance, the Servicer may invest Securitization Charge Payments received at its own risk and (except as required by applicable Commission Regulations) for its own benefit.
The dollar amounts of Securitization Charge Collections commingled with the Servicer’s funds may be properly identified and traced.

More Definitions of Securitization Charge

Securitization Charge has the meaning specified in Appendix A to the Servicing Agreement.

Securitization Charge means the Securitization Charge authorized by the MPSC to be imposed on all Customers by Detroit Edison to recover Qualified Costs pursuant to the Financing Order.

Securitization Charge means any securitization charges as defined in Section 10h(i) of the Securitization Law that are authorized by the Financing

Securitization Charge means a non-bypassable charge provided for in the Financing Order for the purpose of providing funds for the full recovery of certain qualified costs of Detroit Edison or the

Securitization Charge means a non-bypassable charge provided for in the Financing Order for the purpose of providing funds for the full recovery of certain qualified costs of Detroit Edison or the Assignee, which shall be payable pursuant to, and as set forth in, the Financing Order, or all such non-bypassable charges provided for in the Financing Order, collectively, as the context may require.

Securitization Charge means any securitization charges as defined in Section 10h(i) of the Securitization Law that are authorized by the Financing Order. “Securitization Law” means the laws of the State of Michigan adopted in June 2000 enacted as 2000 PA 142.

Securitization Charge means the charge authorized by the Commission to recover, finance, or refinance Securitization Costs to be imposed on all Customers pursuant to a related Financing Order. The Securitization Charge shall be a Non-bypassable charge; shall be subject to periodic adjustment from time to time pursuant to an Adjustment Mechanism, to ensure the timely payment of the related Securitization Costs and other required amounts and charges payable in connection with the related Securitization Bonds; and shall be imposed on all Customer bills and collected by the Electrical Utility, the Intermediary, or other collection agent that invoices and collects from the Customer for electricity. The Securitization Charge shall be imposed and collected until the Securitization Bonds have been paid in full and the Securitization Costs have been recovered in full. Securitization Charges are either CEU Securitization Charges or R&M Securitization Charges.