SRC Collections definition

SRC Collections means amounts constituting good funds collected by the Servicer in respect of the System Restoration Charges and the System Restoration Property.
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SRC Collections means System Restoration Charges received by the Servicer to be remitted to the Collection Account.
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SRC Collections or “Storm Recovery Charge Collections” means Storm Recovery Charges actually received by the Servicer to be remitted to the Collection Account.
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Examples of SRC Collections in a sentence

  • If the REP has held back more than the amount actually written off as uncollectible during the time period, the permitted charge-off percentage shall be adjusted so that it is projected that the REP will remit to the Servicer the amount of such underpayment of SRC Collections over the twelve-month period immediately following the next Adjustment Date.

  • Pursuant to Section 6.12(c) of the Agreement, commencing no later than November 25, 2025, the Servicer shall calculate in each Monthly Servicer’s Certificate the amount of Actual SRC Collections for the first Collection Period of the Reconciliation Period as compared to the Estimated SRC Collections forwarded to the Collection Account in respect of such calendar month.

  • Prior to each Daily Remittance, the Servicer may invest SRC Collections received at its own risk and for its own benefit.


More Definitions of SRC Collections

SRC Collections or “SRC Payments” means the payments made by Customers to the Servicer based on the Storm Recovery Charges.
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