True-Up Adjustment definition

True-Up Adjustment means any Annual True-Up Adjustment or Interim True-Up Adjustment, as the case may be.

True-Up Adjustment means the amount of under- or over-collection of NYPA’s Actual ATRR during the preceding Calendar Year, measured by the difference between the Actual ATRR and the transmission revenues received by NYPA during the preceding Calendar Year, plus interest, as calculated on Schedule F3 of the Formula using the interest rates specified in 18

True-Up Adjustment means each adjustment to the FTA Charges made pursuant to the terms of the Financing Order and in accordance with Section 4.01 hereof or in connection with the conveyance to the Note Issuer of Subsequent Transition Property.

Examples of True-Up Adjustment in a sentence

• All invoices, timely submitted, under this Section 5.8(a) shall be payable and due on the last Business Day of the month in which the invoice is rendered or the last Business Day of the following month if the payment is the first payment made under this Agreement; provided that Seller’s invoice for the Stranded Customer REC Adder True-Up Adjustment amount is accompanied by the IPA’s written notice approving the payment of such amount.

• The amount of the Stranded Customer REC Adder True-Up Adjustment shall be equal to the multiplicative product of (i) Stranded Customer REC Adder and (ii) number of RECs associated with prior payments, which shall be no greater than the Designated System Contract Maximum REC Quantity.

• The Servicer shall implement the revised Securitized Utility Tariff Charges, if any, resulting from such Semi-Annual True-Up Adjustment on the Semi-Annual Adjustment Date or Quarterly Adjustment Date, as the case may be.

• For such Stranded Customer REC Adder True-Up Adjustment, Seller shall render to Buyer an invoice by electronic mail for the Stranded Customer REC Adder True-Up Adjustment amount on or after the first (1st) day, but no later than the tenth (10th) day of any month after the effective date of the Product Order associated with such Designated System.

• For avoidance of doubt, if further payments are to be made for RECs from such Designated System, then invoicing and payment shall be in accordance with Sections 5.1 and 5.2. Stranded Customer REC Adder True-Up Adjustment shall not be applicable to a Designated System for which no previous payments associated with RECs from such Designated System have been made.

More Definitions of True-Up Adjustment

True-Up Adjustment means a mechanism required by the Securitization Law and the Financing Order whereby the Servicer will apply to the MPSC for adjustments to the applicable Securitized Utility Tariff Charges based on actual collected Securitized Utility Tariff Charges and updated assumptions by the Servicer as to future collections of Securitized Utility Tariff Charges.

True-Up Adjustment means an adjustment to the Securitization Charges in accordance with Section 4.01(b) of the Servicing Agreement.

True-Up Adjustment means each adjustment to the Phase-In-Recovery Charge made pursuant to the terms of the Financing Order and in accordance with Section 4.01 hereof.

True-Up Adjustment means an adjustment to the fixed recovery charges as they appear on customer bills that is necessary to correct for any overcollection or undercollection of the fixed recovery charges authorized by a financing order and to otherwise ensure the timely and complete payment and recovery of recovery costs over the authorized repayment term.

True-Up Adjustment means an adjustment to the Storm Recovery Charges in accordance with Section 4.01(b), (c), (d) or (e) of the Servicing Agreement.

True-Up Adjustment means any Routine True-Up Adjustment or Non-Routine True-Up Adjustment to any Environmental Control Charge related to the Environmental Control Property made in accordance with Article IV of the Servicing Agreement or otherwise to ensure the timely and complete payment and recovery of Environmental Control Costs and Financing Costs.

True-Up Adjustment means the quarterly adjustment to certain Distributions referred to in the proviso to the first sentence of Section 9(e).