Switching Fee Payment Checks definition

Switching Fee Payment Checks means the checks issued to an Existing Customer by the Settlement Claims Administrator pursuant to Paragraph 5.3 to 5.5, and which are drawn on the Switching Fee Payment Account.

Examples of Switching Fee Payment Checks in a sentence

• As for all Restitution and Switching Fee Payment Checks mailed but returned as undeliverable for whatever reason (e.g., no current address found) or which have expired, no further action is necessary.

• The Settlement Claims Administrator shall use this data for mailing Switching Fee Payment Checks to the Existing Customers.

• The monies represented by such undeliverable or expired Restitution Checks shall be remitted and delivered to the Commission in a check drawn on the Restitution Account and made payable to the Commission in accordance with Paragraph 5.1. The monies represented by such undeliverable or expired Switching Fee Payment Checks shall be remitted and delivered to the Companies as stated in Paragraph 5.2.

• The Settlement Claims Administrator shall distribute the Restitution Checks to each Eligible Consumer in an amount and in the manner described by Paragraphs 3.4 through 3.5. The Switching Fee Payment Checks shall be distributed to Existing Customers in an amount and in the manner described by Paragraphs 4.4 through 4.5. Both types of Checks shall state that they will become void if not cashed or deposited within NINETY (90) days after the date of the Check.

• In accordance with Paragraphs 3.4 through 3.5 and 4.4 and 4.5, the Settlement Claims Administrator shall mail via first class U.S. Mail the Restitution and the Switching Fee Payment Checks.

• Pursuant to Paragraphs 5.1 through 5.3, the Settlement Claims Administrator shall remit and report to the Commission its distribution and the returns of Restitution and Switching Fee Payment Checks.

• According to the Fee Agreement between the Respondents and the Settlement Claims Administrator, the Settlement Claims Administrator shall receive no more than $ 17,000.00 for processing and mailing of the Restitution Checks; and no more than $14,450.00 for the processing and mailing of the Switching Fee Payment Checks.

• Concurrently with such reporting, the Settlement Claims Administrator shall refund the Companies from the Switching Fee Payment Account, an amount of monies corresponding to the total amount of all Switching Fee Payment Checks that have expired or were returned to the Settlement Claims Administrator as undeliverable (e.g., unknown current mailing address or forwarding address).

• Pursuant to Paragraph 4.2, CSD will then forward a copy of this additional data to the Settlement Claims Administrator for purposes of processing and delivering Switching Fee Payment Checks as provided at Paragraph 4.2 et seq.

• The Switching Fee Payment Checks shall be sent via USPS by first class mail with the return address of the Settlement Claims Administrator included.