Common use of Calculation of Daily Remittance Clause in Contracts

Calculation of Daily Remittance. (i) For purposes of calculating the Daily Remittance, (i) all Billed SRCs shall be deemed to be collected the same number of days after billing as is equal to the Weighted Average Days Outstanding then in effect (or, if such day is not a Servicer Business Day, the immediately succeeding Servicer Business Day) and (ii) the Servicer will, on each Servicer Business Day, remit to the Trustee for deposit in the Collection Account the applicable Billed SRCs. Such remittance shall constitute the amount of Estimated SRC Collections for such Servicer Business Day. Pursuant to Section 6.12(c) of the Agreement, commencing no later than _________ 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. No Excess Remittance shall be withdrawn from the Collection Account if such withdrawal would cause the amounts on deposit in the General Subaccount or the Excess Funds Subaccount to be insufficient for the payment of the next installment of interest or principal due at maturity on the next Payment Date or upon acceleration on or before the next Payment Date on the System Restoration Bonds. (ii) On or before __________ 15 of each year in accordance with Section 4.01(b)(i) of the Agreement, the Servicer shall, in a timely manner so as to perform all required calculations under such Section 4.01(b)(i), update the Weighted Average Days Outstanding in order to be able to calculate the Periodic Billing Requirement for the next True-Up Adjustment and to calculate any change in the Daily Remittances for the next Calculation Period. (iii) The Servicer and the Issuer acknowledge that, as contemplated in the last paragraph of Section 8.01 of the Agreement, the Servicer may make certain changes to its current computerized customer information system, which changes, when functional, would affect the Servicer’s method of calculating the SRC Payments estimated to have been received by the Servicer during each Collection Period as set forth in this Annex I. Should these changes to the computerized customer information system become functional during the term of the Agreement, the Servicer and the Issuer agree that they shall review the procedures used to calculate the SRC Payments estimated to have been received in light of the capabilities of such new system and shall amend this Annex I in writing to make such modifications and/or substitutions to such procedures as may be appropriate in the interests of efficiency, accuracy, cost and/or system capabilities; provided, however, that the Servicer may not make any modification or substitution that will materially adversely affect the Holders as evidenced by an Officer’s Certificate of the Issuer. As soon as practicable, and in no event later than sixty (60) Business Days after the date on which all Customer accounts are being billed under such new system, the Servicer shall notify the Issuer, the Trustee and the Rating Agencies of the same. (iv) All calculations of collections, each update of the Weighted Average Days Outstanding and any changes in procedures used to calculate the Estimated SRC Payments pursuant to this Section 6(f) shall be made in good faith, and in the case of any update pursuant to clause (ii) above or any change in procedures pursuant to clause (iii) above, in a manner reasonably intended to provide estimates and calculations that are at least as accurate as those that would be provided on the Closing Date utilizing the initial procedures.

Calculation of Daily Remittance. (i) For purposes of calculating the Daily Remittance, (i) all Billed SRCs shall be deemed to be collected the same number of days after billing as is equal to the Weighted Average Days Outstanding then in effect (or, if such day is not a Servicer Business Day, the immediately succeeding Servicer Business Day) and (ii) the Servicer willshall, on each Servicer Business Day, remit to estimate FRC Collections based on the Trustee for deposit in daily billed amounts, the Collection Account the applicable Billed SRCs. Such remittance Weighted Average Days Sales Outstanding and write-offs, which resulting estimate shall constitute the amount of Estimated SRC FRC Collections for such Servicer Business Day. Pursuant to Section 6.12(c6.11(c) of the Agreement, commencing not less than semi-annually (except in the case of the First Payment Period, which may be longer than six months), but in no later event more than _________ 25, 2025sixty (60) days after each Payment Date, the Servicer shall calculate in each Monthly Servicer’s Certificate the amount of Actual SRC FRC Collections for the first Collection Period of the immediately preceding Reconciliation Period as compared to the Estimated SRC FRC Collections forwarded to the Collection Account in respect of such calendar monthReconciliation Period. No Excess Remittance shall be withdrawn from the Collection Account if For purposes of such withdrawal would cause the amounts on deposit in the General Subaccount or the Excess Funds Subaccount to be insufficient for the payment of the next installment of interest or principal due at maturity on the next Payment Date or upon acceleration on or before the next Payment Date on the System Restoration Bonds. (ii) On or before __________ 15 of each year in accordance with Section 4.01(b)(i) of the Agreementcalculation, the Servicer shall, in a timely manner so as to perform all required calculations under such Section 4.01(b)(i), update may calculate Actual FRC Collections based on the Weighted Average Days Sales Outstanding in order to be able to calculate the Periodic Billing Requirement and write-offs for the next True-Up Adjustment and relevant Reconciliation Period. Such calculation will be provided to calculate any change the Indenture Trustee in a Reconciliation Certificate in substantially the Daily Remittances for form appended to the next Calculation Period.Agreement as Exhibit G. (iiiii) The Servicer and the Issuer acknowledge that, as contemplated in the last paragraph of Section 8.01 8.01(b) of the Agreement, the Servicer may make certain changes to its current computerized customer information system, which changes, when functional, would affect the Servicer’s method of calculating the SRC Fixed Recovery Charge Payments estimated to have been received by the Servicer during each Collection Reconciliation Period as set forth in this Annex I. Should these changes to the computerized customer information system become functional during the term of the Agreement, the Servicer and the Issuer agree that they shall review the procedures used to calculate the SRC Payments estimated Estimated FRC Collections to have been received in light of the capabilities of such new system and shall amend this Annex I in writing to make such modifications and/or substitutions to such procedures as may be appropriate in the interests of efficiency, accuracy, cost and/or system capabilities, including, at the request of the Issuer or the Indenture Trustee, reconciling actual Fixed Recovery Charges received by the Servicer and the Fixed Recovery Charges remitted by the Servicer as contemplated by Section 6.11(c); provided, however, that the Servicer may not make any modification or substitution that will materially adversely affect the Holders as evidenced by an Officer’s Certificate of the Issuer. As soon as practicable, and in no event later than sixty (60) Business Days after the date on which all Customer Consumer accounts are being billed under such new system, the Servicer shall notify the Issuer, the Indenture Trustee and the Rating Agencies of the same. (iviii) All calculations of collections, each update of the Weighted Average Days Sales Outstanding or system-wide write-offs and any changes in procedures used to calculate the Estimated SRC Payments FRC Collections pursuant to this Section 6(fsection 6(e) shall be made in good faith, and in the case of any update pursuant to clause (ii) above or any change in procedures pursuant to clause (iiiii) above, in a manner reasonably intended to provide estimates and calculations that are at least as accurate as those that would be provided on the Closing Billing Commencement Date utilizing the initial procedures.

Calculation of Daily Remittance. (i) For purposes of calculating the Daily Remittance, (i) all Billed SRCs shall be deemed to be collected the same number of days after billing as is equal to the Weighted Average Days Outstanding then in effect (or, if such day is not a Servicer Business Day, the immediately succeeding Servicer Business Day) and (ii) the Servicer willshall, on each Servicer Business Day, remit to estimate FRC Collections based on the Trustee for deposit in daily billed amounts, the Collection Account the applicable Billed SRCs. Such remittance Weighted Average Days Sales Outstanding and write-offs, which resulting estimate shall constitute the amount of Estimated SRC FRC Collections for such Servicer Business Day. Pursuant to Section 6.12(c6.11(c) of the Agreement, commencing not less than semi-annually (except in the case of the First Payment Period, which may be longer than six months), but in no later event more than _________ 25, 2025sixty (60) days after each Payment Date, the Servicer shall calculate in each Monthly Servicer’s Certificate the amount of Actual SRC FRC Collections for the first Collection Period of the immediately preceding Reconciliation Period as compared to the Estimated SRC FRC Collections forwarded to the Collection Account in respect of such calendar monthReconciliation Period. No Excess Remittance shall be withdrawn from the Collection Account if For purposes of such withdrawal would cause the amounts on deposit in the General Subaccount or the Excess Funds Subaccount to be insufficient for the payment of the next installment of interest or principal due at maturity on the next Payment Date or upon acceleration on or before the next Payment Date on the System Restoration Bonds. (ii) On or before __________ 15 of each year in accordance with Section 4.01(b)(i) of the Agreementcalculation, the Servicer shall, in a timely manner so as to perform all required calculations under such Section 4.01(b)(i), update may calculate Actual FRC Collections based on the Weighted Average Days Sales Outstanding in order to be able to calculate the Periodic Billing Requirement and write-offs for the next True-Up Adjustment and relevant Reconciliation Period. Such calculation will be provided to calculate any change the Indenture Trustee in a Reconciliation Certificate in substantially the Daily Remittances for form appended to the next Calculation Period.Agreement as Exhibit H. (iiiii) The Servicer and the Issuer acknowledge that, as contemplated in the last paragraph of Section 8.01 8.01(b) of the Agreement, the Servicer may make certain changes to its current computerized customer information system, which changes, when functional, would affect the Servicer’s method of calculating the SRC Fixed Recovery Charge Payments estimated to have been received by the Servicer during each Collection Reconciliation Period as set forth in this Annex I. Should these changes to the computerized customer information system become functional during the term of the Agreement, the Servicer and the Issuer agree that they shall review the procedures used to calculate the SRC Payments estimated Estimated FRC Collections to have been received in light of the capabilities of such new system and shall amend this Annex I in writing to make such modifications and/or substitutions to such procedures as may be appropriate in the interests of efficiency, accuracy, cost and/or system capabilities, including, at the request of the Issuer or the Indenture Trustee, reconciling actual Fixed Recovery Charges received by the Servicer and the Fixed Recovery Charges remitted by the Servicer as contemplated by Section 6.11(c); provided, however, that the Servicer may not make any modification or substitution that will materially adversely affect the Holders as evidenced by an Officer’s Certificate of the Issuer. As soon as practicable, and in no event later than sixty (60) Business Days after the date on which all Customer Consumer accounts are being billed under such new system, the Servicer shall notify the Issuer, the Indenture Trustee and the Rating Agencies of the same. (iviii) All calculations of collections, each update of the Weighted Average Days Sales Outstanding or system-wide write-offs and any changes in procedures used to calculate the Estimated SRC Payments FRC Collections pursuant to this Section 6(fsection 6(e) shall be made in good faith, and in the case of any update pursuant to clause (ii) above or any change in procedures pursuant to clause (iiiii) above, in a manner reasonably intended to provide estimates and calculations that are at least as accurate as those that would be provided on the Closing Billing Commencement Date utilizing the initial procedures.

Calculation of Daily Remittance. (i) For purposes of calculating the Daily Remittance, (i) all Billed SRCs shall be deemed to be collected the same number of days after billing as is equal to the Weighted Average Days Outstanding then in effect (or, if such day is not a Servicer Business Day, the immediately succeeding Servicer Business Day) and (ii) the Servicer will, on each Servicer Business Day, remit to the Indenture Trustee for deposit in the Collection Account an amount equal to the product of the applicable Billed SRCsSRCs multiplied by one hundred percent less the system wide charge-off percentage used by the Servicer to calculate the most recent Periodic Billing Requirement. Such remittance product shall constitute the amount of Estimated SRC Collections for such Servicer Business Day. Pursuant to Section 6.12(c6.11(c) of the Agreement, commencing no later than _________ September 25, 20252020, 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. No Excess Remittance shall be withdrawn from the Collection Account if such withdrawal would cause the amounts on deposit in the General Subaccount or the Excess Funds Subaccount to be insufficient for the payment of the next installment of interest or principal due at maturity on the next Payment Date or upon acceleration on or before the next Payment Date on the System Restoration Bonds. The Servicer shall be allowed to use the proceeds from any Excess Remittance to reimburse any Applicable REPs for the excess of their remittances over actual SRC Payments received by such REPs in accordance with the terms of PUCT Regulations. (ii) On or before __________ August 15 of each year in accordance with Section 4.01(b)(i4.01(b) of the Agreement, the Servicer shall, in a timely manner so as to perform all required calculations under such Section 4.01(b)(i4.01(b), update the Weighted Average Days Outstanding and the system-wide charge-off percentage in order to be able to calculate the Periodic Billing Requirement for the next True-Up Adjustment and to calculate any change in the Daily Remittances for the next Calculation Period. (iii) The Servicer and the Issuer acknowledge that, as contemplated in the last paragraph of Section 8.01 8.01(b) of the Agreement, the Servicer may make certain changes to its current computerized customer information system, which changes, when functional, would affect the Servicer’s method of calculating the SRC Payments estimated to have been received by the Servicer during each Collection Period as set forth in this Annex I. Should these changes to the computerized customer information system become functional during the term of the Agreement, the Servicer and the Issuer agree that they shall review the procedures used to calculate the SRC Payments estimated to have been received in light of the capabilities of such new system and shall amend this Annex I in writing to make such modifications and/or substitutions to such procedures as may be appropriate in the interests of efficiency, accuracy, cost and/or system capabilities; provided, however, that the Servicer may not make any modification or substitution that will materially adversely affect the Holders as evidenced by an Officer’s Certificate of the Issuer. As soon as practicable, and in no event later than sixty (60) Business Days after the date on which all Customer accounts are being billed under such new system, the Servicer shall notify the Issuer, the Indenture Trustee and the Rating Agencies of the same. (iv) All calculations of collections, each update of the Weighted Average Days Outstanding or system-wide charge off percentage and any changes in procedures used to calculate the Estimated SRC Payments pursuant to this Section 6(f6(e) shall be made in good faith, and in the case of any update pursuant to clause (ii) above or any change in procedures pursuant to clause (iii) above, in a manner reasonably intended to provide estimates and calculations that are at least as accurate as those that would be provided on the Closing Date utilizing the initial procedures.

Calculation of Daily Remittance. (i) For purposes of calculating the Daily Remittance, (i) all Billed SRCs Charges shall be deemed to be collected the same number of days after billing as is equal to the Weighted Average Days Outstanding then in effect (or, if such day is not a Servicer Business Day, the immediately succeeding Servicer Business Day) and (ii) the Servicer will, on each Servicer Business Day, remit to the Indenture Trustee for deposit in the Collection Account an amount equal to the product of the applicable Billed SRCsCharges multiplied by one hundred percent less the system wide charge-off percentage used by the Servicer to calculate the most recent Periodic Billing Requirement. Such remittance product shall constitute the amount of Estimated SRC Collections for such Servicer Business Day. Pursuant to Section 6.12(c6.11(c) of the this Agreement, commencing no later than _________ July 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 immediately preceding calendar month as compared to the Estimated SRC Collections forwarded to the Collection Account in respect of such calendar month. No Excess Remittance shall be withdrawn from the Collection Account if such withdrawal would cause the amounts on deposit in the General Subaccount or the Excess Funds Subaccount to be insufficient for the payment of the next installment of interest or principal due at maturity on the next Payment Date or upon acceleration on or before the next Payment Date on the System Restoration Bonds. (ii) On or before __________ 15 of each year in In accordance with Section 4.01(b)(i4.01(b) of the this Agreement, the Servicer shall, in a timely manner so as to perform all required calculations under such Section 4.01(b)(i4.01(b), update the Weighted Average Days Outstanding and the system-wide charge-off percentage in order to be able to calculate the Periodic Billing Requirement for the next True-Up Adjustment and to calculate any change in the Daily Remittances for the next Calculation Period. (iii) The Servicer and the Issuer acknowledge that, as contemplated in the last paragraph Section 8.01(d) of Section 8.01 of the this Agreement, the Servicer may make certain changes to its current computerized customer information system, which changes, when functional, would affect the Servicer’s method of calculating the SRC Charge Payments estimated to have been received by the Servicer during each Collection Period as set forth in this Annex I. Should these changes to the computerized customer information system become functional during the term of the this Agreement, the Servicer shall notify Issuer of any proposed change at least 30 days prior to the effective date of such change and the Servicer and the Issuer agree that they shall review the procedures used to calculate the SRC Charge Payments estimated to have been received in light of the capabilities of such new system and shall amend this Annex I in writing to make such modifications and/or substitutions to such procedures as may be appropriate in the interests of efficiency, accuracy, cost and/or system capabilities; provided, however, that the Servicer may not make any modification or substitution that will materially adversely affect the Holders as evidenced by an Officer’s Certificate of the IssuerHolders. As soon as practicable, and in no event later than sixty (60) Servicer Business Days after the date on which all Customer accounts are being billed under such new system, the Servicer shall notify in writing the Issuer, the Trustee and Indenture Trustee, the Rating Agencies and the Commission of the same. (iv) All calculations of collections, each update of the Weighted Average Days Outstanding or system-wide charge off percentage and any changes in procedures used to calculate the Estimated SRC Payments Collections pursuant to this Section 6(f6(e) shall be made in good faith, and in the case of any update pursuant to clause (iiiii) above or any change in procedures pursuant to clause (iii) above, in a manner reasonably intended to provide estimates and calculations that are at least as accurate as those that would be provided on the Closing Date utilizing the initial procedures.

Calculation of Daily Remittance. Clauses (i) and (ii) below describe how the Daily Remittance will be calculated and reconciled until the time, if it happens, that the Servicer switches to remitting actual collected Securitization Charges instead of estimated Securitization Charge Collections. If and when the Servicer switches to remitting actual collected Securitization Charges instead of estimated Securitization Charge Collections, the Servicer shall remit Securitization Charge Collections on each Servicer Business Day as soon as reasonably practicable after collection to the General Subaccount of the Collection Account but in no event later than two Servicer Business Days following receipt of such Securitization Charge Collections. i. For purposes of calculating the Daily Remittance, (i) all Billed SRCs SCs shall be deemed estimated to be collected the same number of days after billing as is equal to the Weighted Average Days Outstanding then in effect (or, if such day is not a Servicer Business Day, or on the immediately succeeding next Servicer Business Day) and (ii) the Servicer will, on each Servicer Business DayDay but in no event later than two Servicer Business Days, remit to the Trustee for deposit in the Collection Account an amount equal to the product of the applicable Billed SRCsSCs multiplied by one hundred percent less the system wide write-off percentage used by the Servicer to calculate the most recent Periodic Billing Requirement. Such remittance product shall constitute the amount of Estimated SRC estimated Securitization Charge Collections for such Servicer Business Day. ii. Pursuant As part of each True-Up Adjustment, pursuant to Section 6.12(c) 4.01 of the Agreement, commencing no later the Servicer will reconcile the amount of Securitization Charges remitted to the Trustee with the Periodic Payment Requirement. The Servicer and the Issuer acknowledge and agree that the Servicer’s actual collections of Securitization Charges on some days might exceed the Servicer’s estimated collections, and that the Servicer’s actual collections of Securitization Charges on other days might be less than _________ 25the Servicer’s estimated collections. The Servicer and the Issuer further acknowledge and agree that the amount of these variances are likely to be small and are not likely to be biased in favor of over-remittances or under-remittances. Consequently, 2025so long as the Servicer faithfully makes all daily remittances based on Average Days Outstanding, as provided for herein, the Servicer and the Issuer agree that no actual or deemed investment earnings 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 be payable in respect of such calendar month. No Excess Remittance shall be withdrawn from the Collection Account if such withdrawal would cause the amounts on deposit in the General Subaccount over-remittances or the Excess Funds Subaccount to be insufficient for the payment of the next installment of interest or principal due at maturity on the next Payment Date or upon acceleration on or before the next Payment Date on the System Restoration Bondsunder-remittances. (ii) iii. On or before __________ 15 May 14 of each year year, beginning in May 2024, in accordance with Section 4.01(b)(i4.01(b) of the Agreement, the Servicer shall, in a timely manner so as to perform all required calculations under such Section 4.01(b)(i4.01(b), update the Weighted Average Days Outstanding and the system-wide write-off percentage in order to be able to calculate the Periodic Billing Requirement for the next Annual True-Up Adjustment and to calculate any change in the Daily Remittances for until the next Calculation PeriodAnnual True-Up Adjustment. (iii) The Servicer and the Issuer acknowledge that, as contemplated in the last paragraph of Section 8.01 of the Agreement, the Servicer may make certain changes to its current computerized customer information system, which changes, when functional, would affect the Servicer’s method of calculating the SRC Payments estimated to have been received by the Servicer during each Collection Period as set forth in this Annex I. Should these changes to the computerized customer information system become functional during the term of the Agreement, the Servicer and the Issuer agree that they shall review the procedures used to calculate the SRC Payments estimated to have been received in light of the capabilities of such new system and shall amend this Annex I in writing to make such modifications and/or substitutions to such procedures as may be appropriate in the interests of efficiency, accuracy, cost and/or system capabilities; provided, however, that the Servicer may not make any modification or substitution that will materially adversely affect the Holders as evidenced by an Officer’s Certificate of the Issueriv. As soon as practicable, and in no event later than sixty (60) Business Days after the date on which all Customer accounts are being billed under such new system, the Servicer shall notify the Issuer, the Trustee and the Rating Agencies of the same. (iv) All calculations of collections, each update of the Weighted Average Days Outstanding Outstanding, the system-wide write-off percentage and any changes in procedures used to calculate the Estimated SRC Payments estimated Securitization Charge Collections pursuant to this Section 6(f6(e) shall be made in good faith, and in the case of any update pursuant to clause (ii) above or any change in procedures pursuant to clause (iii) above, in a manner reasonably intended to provide estimates and calculations that are at least as accurate as those that would be provided on the Closing Date closing date utilizing the initial procedures.

Calculation of Daily Remittance. (i) For purposes of calculating the Daily Remittance, (i) all Billed SRCs shall be deemed estimated to be collected the same number of days after billing as is equal to the Weighted Average Days Sales Outstanding then in effect (or, if such resulting day is not a Servicer Business Day, on the immediately succeeding next Servicer Business Day) and (ii) the Servicer will, on each Servicer Business DayDay but in no event later than two Servicer Business Days following the Servicer Business Day after such Billed SRCs are estimated to have been received, remit to the Indenture Trustee for deposit in the Collection Account an amount equal to the product of the applicable Billed SRCsSRCs multiplied by one hundred percent less the system wide write-off percentage used by the Servicer to calculate the most recent Periodic Billing Requirement. Such remittance product shall constitute the amount of Estimated estimated SRC Collections for such Servicer Business Day. . (ii) Pursuant to Section 6.12(c6.12(d) of the Agreement, commencing no later than _________ 25January, 2025, the Servicer shall calculate in each Monthly Servicer’s Certificate the amount of Actual actual SRC Collections for the first Collection Period of the Reconciliation Period immediately preceding calendar month as compared to the Estimated estimated SRC Collections forwarded to the Collection Account in respect of such calendar month. No Excess Remittance shall be withdrawn from the Collection Account if such withdrawal would cause the amounts on deposit in the General Subaccount or the Excess Funds Subaccount to be insufficient for the payment of the next installment of interest or principal due at maturity on the next Payment Date or upon acceleration on or before the next Payment Date on the System Restoration Storm Recovery Bonds. The Servicer and the Issuer further acknowledge and agree that the amount of the variances between actual SRC Collections and estimated SRC Collections are expected to be small and are not expected to be biased in favor of over-remittances or under-remittances. Consequently, so long as the Servicer faithfully makes all daily remittances based on Weighted Average Days Sales Outstanding, as provided for herein, the Servicer and the Issuer agree that no actual or deemed investment earnings shall be payable in respect of such over-remittances or under-remittances. (iiiii) On or before __________ 15 of each year Calculation Date, in accordance with Section 4.01(b)(i4.01(b) of the Agreement, the Servicer shall, in a timely manner so as to perform all required calculations under such Section 4.01(b)(i4.01(b), update the Weighted Average Days Sales Outstanding and the system-wide write-off percentage (or if available in the ordinary course of business, gross write-off percentage for each Customer Class) in order to be able to calculate the Periodic Billing Requirement for the next True-Up Storm Recovery Charge Adjustment and to calculate any change in the Daily Remittances for the next Calculation Period. (iiiiv) The Servicer and the Issuer acknowledge that, as contemplated in the last paragraph of Section 8.01 8.01(c) of the Agreement, the Servicer may make certain changes to its current computerized customer Customer information system, which changes, when functional, would affect the Servicer’s method of calculating the SRC Payments Collections estimated to have been received by the Servicer during each Collection Period as set forth in this Annex I. Should these changes to the computerized customer Customer information system become functional during the term of the Agreement, the Servicer and the Issuer agree that they shall review the procedures used to calculate the SRC Payments Collections estimated to have been received in light of the capabilities of such new system and shall amend this Annex I in writing to make such modifications and/or substitutions to such procedures as may be appropriate in the interests of efficiency, accuracy, cost and/or system capabilities; provided, however, that the Servicer may not make any modification or substitution that will materially adversely affect the Holders as evidenced by an Officer’s Certificate of the IssuerHolders. As soon as practicable, and in no event later than sixty (60) Servicer Business Days after the date on which all Customer accounts are being billed under such new system, the Servicer shall notify the Issuer, the Indenture Trustee and the Rating Agencies of the same. (ivv) All calculations of collections, each update of the Weighted Average Days Outstanding Sales Outstanding, the system-wide write-off percentage and any changes in procedures used to calculate the Estimated estimated SRC Payments Collections pursuant to this Section 6(f6(e) shall be made in good faith, and in the case of any update pursuant to clause (iiiii) above or any change in procedures pursuant to clause (iiiiv) above, in a manner reasonably intended to provide estimates and calculations that are at least as accurate as those that would be provided on the Closing Date utilizing the initial procedures.

Calculation of Daily Remittance. (i) For purposes of calculating the Daily Remittance, (i) all Billed SRCs Charges shall be deemed to be collected the same number of days after billing as is equal to the Weighted Average Days Outstanding then in effect (or, if such day is not a Servicer Business Day, the immediately succeeding Servicer Business Day) and (ii) the Servicer will, on each Servicer Business Day, remit to the Indenture Trustee for deposit in the Collection Account an amount equal to the product of the applicable Billed SRCsCharges multiplied by one hundred percent less the system wide charge-off percentage used by the Servicer to calculate the most recent Periodic Billing Requirement. Such remittance product shall constitute the amount of Estimated SRC Collections for such Servicer Business Day. Pursuant to Section 6.12(c6.11(c) of the this Agreement, commencing no later than _________ 25[Date], 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 immediately preceding calendar month as compared to the Estimated SRC Collections forwarded to the Collection Account in respect of such calendar month. No Excess Remittance shall be withdrawn from the Collection Account if such withdrawal would cause the amounts on deposit in the General Subaccount or the Excess Funds Subaccount to be insufficient for the payment of the next installment of interest or principal due at maturity on the next Payment Date or upon acceleration on or before the next Payment Date on the System Restoration Bonds. (ii) On or before __________ 15 of each year in In accordance with Section 4.01(b)(i4.01(b) of the this Agreement, the Servicer shall, in a timely manner so as to perform all required calculations under such Section 4.01(b)(i4.01(b), update the Weighted Average Days Outstanding and the system-wide charge-off percentage in order to be able to calculate the Periodic Billing Requirement for the next True-Up Adjustment and to calculate any change in the Daily Remittances for the next Calculation Period. (iii) The Servicer and the Issuer acknowledge that, as contemplated in the last paragraph Section 8.01(d) of Section 8.01 of the this Agreement, the Servicer may make certain changes to its current computerized customer information system, which changes, when functional, would affect the Servicer’s method of calculating the SRC Charge Payments estimated to have been received by the Servicer during each Collection Period as set forth in this Annex I. Should these changes to the computerized customer information system become functional during the term of the this Agreement, the Servicer shall notify Issuer of any proposed change at least 30 days prior to the effective date of such change and the Servicer and the Issuer agree that they shall review the procedures used to calculate the SRC Charge Payments estimated to have been received in light of the capabilities of such new system and shall amend this Annex I in writing to make such modifications and/or substitutions to such procedures as may be appropriate in the interests of efficiency, accuracy, cost and/or system capabilities; provided, however, that the Servicer may not make any modification or substitution that will materially adversely affect the Holders as evidenced by an Officer’s Certificate of the IssuerHolders. As soon as practicable, and in no event later than sixty (60) Servicer Business Days after the date on which all Customer accounts are being billed under such new system, the Servicer shall notify in writing the Issuer, the Trustee and Indenture Trustee, the Rating Agencies and the Commission of the same. (iv) All calculations of collections, each update of the Weighted Average Days Outstanding or system-wide charge off percentage and any changes in procedures used to calculate the Estimated SRC Payments Collections pursuant to this Section 6(f6(e) shall be made in good faith, and in the case of any update pursuant to clause (iiiii) above or any change in procedures pursuant to clause (iii) above, in a manner reasonably intended to provide estimates and calculations that are at least as accurate as those that would be provided on the Closing Date utilizing the initial procedures.

Calculation of Daily Remittance. (i) i. For purposes of calculating the Daily Remittance, (i) all Billed SRCs ETCs shall be deemed estimated to be collected the same number of days after billing as is equal to the Weighted Average Days Sales Outstanding then in effect (or, if such day is not a Servicer Business Day, or on the immediately succeeding next Servicer Business Day) and (ii) the Servicer will, on each Servicer Business DayDay but in no event later than two Servicer Business Days, remit to the Trustee for deposit in the Collection Account an amount equal to the product of the applicable Billed SRCsETCs multiplied by one hundred percent less the system wide write-off percentage (or if available in the ordinary course of business, gross write-off percentage for each revenue class) used by the Servicer to calculate the most recent Periodic Billing Requirement. Such remittance product shall constitute the amount of Estimated SRC estimated ETC Collections for such Servicer Business Day. ii. Pursuant As part of each Energy Transition Charge Adjustment, pursuant to Section 6.12(c) 4.01 of the Agreement, commencing no later the Servicer will reconcile the amount of energy transition charge remittances to the Trustee with the periodic payment requirement (including scheduled principal and interest payments on the Energy Transition Bonds and Ongoing Financing Costs).The Servicer and the Issuer acknowledge and agree that the Servicer’s actual collections of Energy Transition Charges on some days might exceed the Servicer’s estimated collections, and that the Servicer’s actual collections of Energy Transition Charges on other days might be less than _________ 25the Servicer’s estimated collections. The Servicer and the Issuer further acknowledge and agree that the amount of these variances is likely to be small and are not likely to be biased in favor of over-remittances or under-remittances. Consequently, 2025so long as the Servicer faithfully makes all daily remittances based on Days Sales Outstanding, as provided for herein, the Servicer and the Issuer agree that no actual or deemed investment earnings 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 be payable in respect of such calendar monthover-remittances or under-remittances. iii. No Excess Remittance shall be withdrawn from the Collection Account if such withdrawal would cause the amounts on deposit in the General Subaccount or the Excess Funds Subaccount to be insufficient for the payment of the next installment of interest or principal due at maturity on the next Payment Date or upon acceleration on On or before the next Payment Calculation Date on the System Restoration Bonds. (ii) On or before __________ 15 in May and November of each year year, beginning in November 2025, in accordance with Section 4.01(b)(i4.01(b) of the Agreement, the Servicer shall, in a timely manner so as to perform all required calculations under such Section 4.01(b)(i4.01(b), update the Weighted Average Days Sales Outstanding and the system-wide write-off percentage (or if available in the ordinary course of business, gross write-off percentage for each revenue class) in order to be able to calculate the Periodic Billing Requirement for the next True-Up Energy Transition Charge Adjustment and to calculate any change in the Daily Remittances for the next Calculation Period. (iii) iv. The Servicer and the Issuer acknowledge that, as contemplated in the last paragraph of Section 8.01 8.01(b) of the Agreement, the Servicer may make certain changes to its current computerized customer Customer information system, which changes, when functional, would affect the Servicer’s method of calculating the SRC Payments ETC Collections estimated to have been received by the Servicer during each Collection Period as set forth in this Annex I. 1. Should these changes to the computerized customer Customer information system become functional during the term of the Agreement, the Servicer and the Issuer agree that they shall review the procedures used to calculate the SRC Payments ETC Collections estimated to have been received in light of the capabilities of such new system and shall amend this Annex I 1 in writing to make such modifications and/or substitutions to such procedures as may be appropriate in the interests of efficiency, accuracy, cost and/or system capabilities; provided, however, that the Servicer may not make any modification or substitution that will materially adversely affect the Holders as evidenced by an Officer’s Certificate of the IssuerHolders. As soon as practicable, and in no event later than sixty (60) Servicer Business Days after the date on which all Customer accounts are being billed under such new system, the Servicer shall notify the Issuer, the Trustee and the Rating Agencies of the same. (iv) v. All calculations of collections, each update of the Weighted Average Days Outstanding Sales Outstanding, the system-wide write-off percentage (or if available in the ordinary course of business, gross write-off percentage for each revenue class) and any changes in procedures used to calculate the Estimated SRC Payments estimated ETC Collections pursuant to this Section 6(f6(e) shall be made in good faith, and in the case of any update pursuant to clause (iiiii) above or any change in procedures pursuant to clause (iiiiv) above, in a manner reasonably intended to provide estimates and calculations that are at least as accurate as those that would be provided on the Closing Date date of the Agreement utilizing the initial procedures.

Calculation of Daily Remittance. (i) For purposes of calculating the Daily Remittance, (i) all Billed SRCs shall be deemed estimated to be collected the same number of days after billing as is equal to the Weighted Average Days Sales Outstanding then in effect (or, if such day is not a Servicer Business Day, or on the immediately succeeding next Servicer Business Day) and (ii) the Servicer will, on each Servicer Business Day, remit to the Indenture Trustee for deposit in the Collection Account an amount equal to the product of the applicable Billed SRCsSRCs multiplied by one hundred percent less the system wide write-off percentage (or if available in the ordinary course of business, gross write-off percentage for each revenue class) used by the Servicer to calculate the most recent Periodic Billing Requirement. Such remittance product shall constitute the amount of Estimated SRC Collections for such Servicer Business Day. Pursuant to Section 6.12(c6.11(c) of the Agreement, commencing no later than _________ 25, 2025June 30 of each year, the Servicer shall calculate and report in each the next succeeding Monthly Servicer’s Certificate the amount of Actual SRC Collections for the first all completed Collection Period of Periods during the Reconciliation Period as compared to the Estimated SRC Collections forwarded to the Collection Account in respect of such calendar monthReconciliation Period. No Excess Remittance shall be withdrawn from the Collection Account if such withdrawal would cause the amounts on deposit in the General Subaccount or the Excess Funds Subaccount to be insufficient for the payment of the next installment of interest or principal due at maturity on the next Payment Date or upon acceleration on or before the next Payment Date on the System Restoration Bonds. The Servicer shall be allowed to use the proceeds from any Excess Remittance to reimburse any Applicable REPs for the excess of their remittances over actual SRC Payments received by such REPs in accordance with the terms of PUCT Regulations. (ii) On or before __________ 15 the beginning of the first billing cycle in November of each year in accordance with Section 4.01(b)(i4.01(b) of the Agreement, the Servicer shall, in a timely manner so as to perform all required calculations under such Section 4.01(b)(i4.01(b), update the Weighted Average Days Sales Outstanding and the system-wide write-off percentage (or if available in the ordinary course of business, gross write-off percentage for each revenue class) in order to be able to calculate the Periodic Billing Requirement for the next True-Up Adjustment and to calculate any change in the Daily Remittances for the next Calculation Period. (iii) The Servicer and the Issuer acknowledge that, as contemplated in the last paragraph of Section 8.01 8.01(b) of the Agreement, the Servicer may make certain changes to its current computerized customer information system, which changes, when functional, would affect the Servicer’s method of calculating the SRC Payments estimated to have been received by the Servicer during each Collection Period as set forth in this Annex I. Should these changes to the computerized customer information system become functional during the term of the Agreement, the Servicer and the Issuer agree that they shall review the procedures used to calculate the SRC Payments estimated to have been received in light of the capabilities of such new system and shall amend this Annex I in writing to make such modifications and/or substitutions to such procedures as may be appropriate in the interests of efficiency, accuracy, cost and/or system capabilities; provided, however, that the Servicer may not make any modification or substitution that will materially adversely affect the Holders as evidenced by an Officer’s Certificate of the Issuer. As soon as practicable, and in no event later than sixty (60) Business Days after the date on which all Customer accounts are being billed under such new system, the Servicer shall notify the Issuer, the Trustee and the Rating Agencies of the same. (iv) All calculations of collections, each update of the Weighted Average Days Outstanding and any changes in procedures used to calculate the Estimated SRC Payments pursuant to this Section 6(f) shall be made in good faith, and in the case of any update pursuant to clause (ii) above or any change in procedures pursuant to clause (iii) above, in a manner reasonably intended to provide estimates and calculations that are at least as accurate as those that would be provided on the Closing Date utilizing the initial procedures.ANNEX I

Calculation of Daily Remittance. (i) i. For purposes of calculating the Daily Remittance, (i) all Billed SRCs ETCs shall be deemed estimated to be collected the same number of days after billing as is equal to the Weighted Average Days Sales Outstanding then in effect (or, if such day is not a Servicer Business Day, or on the immediately succeeding next Servicer Business Day) and (ii) the Servicer will, on each Servicer Business DayDay but in no event later than two Servicer Business Days, remit to the Trustee for deposit in the Collection Account an amount equal to the product of the applicable Billed SRCsETCs multiplied by one hundred percent less the system wide write-off percentage (or if available in the ordinary course of business, gross write-off percentage for each revenue class) used by the Servicer to calculate the most recent Periodic Billing Requirement. Such remittance product shall constitute the amount of Estimated SRC estimated ETC Collections for such Servicer Business Day. ii. Pursuant As part of each Energy Transition Charge Adjustment, pursuant to Section 6.12(c) 4.01 of the Agreement, commencing no later the Servicer will reconcile the amount of energy transition charge remittances to the Trustee with the periodic payment requirement (including scheduled principal and interest payments on the Energy Transition Bonds and Ongoing Financing Costs).The Servicer and the Issuer acknowledge and agree that the Servicer’s actual collections of Energy Transition Charges on some days might exceed the Servicer’s estimated collections, and that the Servicer’s actual collections of Energy Transition Charges on other days might be less than _________ 25the Servicer’s estimated collections. The Servicer and the Issuer further acknowledge and agree that the amount of these variances is likely to be small and are not likely to be biased in favor of over-remittances or under-remittances. Consequently, 2025so long as the Servicer faithfully makes all daily remittances based on Days Sales Outstanding, as provided for herein, the Servicer and the Issuer agree that no actual or deemed investment earnings 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 be payable in respect of such calendar monthover-remittances or under-remittances. iii. No Excess Remittance shall be withdrawn from the Collection Account if such withdrawal would cause the amounts on deposit in the General Subaccount or the Excess Funds Subaccount to be insufficient for the payment of the next installment of interest or principal due at maturity on the next Payment Date or upon acceleration on On or before the next Payment Calculation Date on the System Restoration Bonds. (ii) On or before in __________ 15 and ____________ of each year year, beginning in ___________ 2025, in accordance with Section 4.01(b)(i4.01(b) of the Agreement, the Servicer shall, in a timely manner so as to perform all required calculations under such Section 4.01(b)(i4.01(b), update the Weighted Average Days Sales Outstanding and the system-wide write-off percentage (or if available in the ordinary course of business, gross write-off percentage for each revenue class) in order to be able to calculate the Periodic Billing Requirement for the next True-Up Energy Transition Charge Adjustment and to calculate any change in the Daily Remittances for the next Calculation Period. (iii) iv. The Servicer and the Issuer acknowledge that, as contemplated in the last paragraph of Section 8.01 8.01(b) of the Agreement, the Servicer may make certain changes to its current computerized customer Customer information system, which changes, when functional, would affect the Servicer’s method of calculating the SRC Payments ETC Collections estimated to have been received by the Servicer during each Collection Period as set forth in this Annex I. 1. Should these changes to the computerized customer Customer information system become functional during the term of the Agreement, the Servicer and the Issuer agree that they shall review the procedures used to calculate the SRC Payments ETC Collections estimated to have been received in light of the capabilities of such new system and shall amend this Annex I 1 in writing to make such modifications and/or substitutions to such procedures as may be appropriate in the interests of efficiency, accuracy, cost and/or system capabilities; provided, however, that the Servicer may not make any modification or substitution that will materially adversely affect the Holders as evidenced by an Officer’s Certificate of the IssuerHolders. As soon as practicable, and in no event later than sixty (60) Servicer Business Days after the date on which all Customer accounts are being billed under such new system, the Servicer shall notify the Issuer, the Trustee and the Rating Agencies of the same. (iv) v. All calculations of collections, each update of the Weighted Average Days Outstanding Sales Outstanding, the system-wide write-off percentage (or if available in the ordinary course of business, gross write-off percentage for each revenue class) and any changes in procedures used to calculate the Estimated SRC Payments estimated ETC Collections pursuant to this Section 6(f6(e) shall be made in good faith, and in the case of any update pursuant to clause (iiiii) above or any change in procedures pursuant to clause (iiiiv) above, in a manner reasonably intended to provide estimates and calculations that are at least as accurate as those that would be provided on the Closing Date date of the Agreement utilizing the initial procedures.

Calculation of Daily Remittance. (i) For purposes of calculating the Daily Remittance, (i) all Billed SRCs shall be deemed to be collected the same number of days after billing as is equal to the Weighted Average Days Outstanding then in effect (or, if such day is not a Servicer Business Day, the immediately succeeding Servicer Business Day) and (ii) the Servicer will, on each Servicer Business Day, remit to the Trustee for deposit in the Collection Account the applicable Billed SRCs. Such remittance shall constitute the amount of Estimated SRC Collections for such Servicer Business Day. 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. No Excess Remittance shall be withdrawn from the Collection Account if such withdrawal would cause the amounts on deposit in the General Subaccount or the Excess Funds Subaccount to be insufficient for the payment of the next installment of interest or principal due at maturity on the next Payment Date or upon acceleration on or before the next Payment Date on the System Restoration Bonds. (ii) On or before __________ May 15 of each year in accordance with Section 4.01(b)(i) of the Agreement, the Servicer shall, in a timely manner so as to perform all required calculations under such Section 4.01(b)(i), update the Weighted Average Days Outstanding in order to be able to calculate the Periodic Billing Requirement for the next True-Up Adjustment and to calculate any change in the Daily Remittances for the next Calculation Period. (iii) The Servicer and the Issuer acknowledge that, as contemplated in the last paragraph of Section 8.01 of the Agreement, the Servicer may make certain changes to its current computerized customer information system, which changes, when functional, would affect the Servicer’s method of calculating the SRC Payments estimated to have been received by the Servicer during each Collection Period as set forth in this Annex I. Should these changes to the computerized customer information system become functional during the term of the Agreement, the Servicer and the Issuer agree that they shall review the procedures used to calculate the SRC Payments estimated to have been received in light of the capabilities of such new system and shall amend this Annex I in writing to make such modifications and/or substitutions to such procedures as may be appropriate in the interests of efficiency, accuracy, cost and/or system capabilities; provided, however, that the Servicer may not make any modification or substitution that will materially adversely affect the Holders as evidenced by an Officer’s Certificate of the Issuer. As soon as practicable, and in no event later than sixty (60) Business Days after the date on which all Customer accounts are being billed under such new system, the Servicer shall notify the Issuer, the Trustee and the Rating Agencies of the same. (iv) All calculations of collections, each update of the Weighted Average Days Outstanding and any changes in procedures used to calculate the Estimated SRC Payments pursuant to this Section 6(f) shall be made in good faith, and in the case of any update pursuant to clause (ii) above or any change in procedures pursuant to clause (iii) above, in a manner reasonably intended to provide estimates and calculations that are at least as accurate as those that would be provided on the Closing Date utilizing the initial procedures.

Calculation of Daily Remittance. (i) For purposes of calculating the Daily Remittance, (i) all Billed SRCs TCs shall be deemed to be collected the same number of days after billing as is equal to the Weighted Average Days Outstanding then in effect (or, if such day is not a Servicer Business Day, the immediately succeeding Servicer Business Day) and (ii) the Servicer will, on each Servicer Business Day, remit to the Indenture Trustee for deposit in the Collection Account an amount equal to the product of the applicable Billed SRCsTCs multiplied by one hundred percent less the system wide charge-off percentage used by the Servicer to calculate the most recent Periodic Billing Requirement. Such remittance product shall constitute the amount of Estimated SRC TC Collections for such Servicer Business Day. Pursuant to Section 6.12(c6.11(c) of the Agreement, commencing no later than _________ April 25, 20252013, the Servicer shall calculate in each Monthly Servicer’s Certificate the amount of Actual SRC TC Collections for the first Collection Period of the Reconciliation Period as compared to the Estimated SRC TC Collections forwarded to the Collection Account in respect of such calendar month. No Excess Remittance shall be withdrawn from the Collection Account if such withdrawal would cause the amounts on deposit in the General Subaccount or the Excess Funds Subaccount to be insufficient for the payment of the next installment of interest or principal due at maturity on the next Payment Date or upon acceleration on or before the next Payment Date on the System Restoration Transition Bonds. The Servicer shall be allowed to use the proceeds from any Excess Remittance to reimburse any Applicable REPs for the excess of their remittances over actual TC Payments received by such REPs in accordance with the terms of PUCT Regulations. (ii) On or before __________ February 15 of each year in accordance with Section 4.01(b)(i4.01(b) of the Agreement, the Servicer shall, in a timely manner so as to perform all required calculations under such Section 4.01(b)(i4.01(b), update the Weighted Average Days Outstanding and the system-wide charge-off percentage in order to be able to calculate the Periodic Billing Requirement for the next True-Up Adjustment and to calculate any change in the Daily Remittances for the next Calculation Period. (iii) The Servicer and the Issuer acknowledge that, as contemplated in the last paragraph of Section 8.01 8.01(b) of the Agreement, the Servicer may make certain changes to its current computerized customer information system, which changes, when functional, would affect the Servicer’s method of calculating the SRC TC Payments estimated to have been received by the Servicer during each Collection Period as set forth in this Annex I. Should these changes to the computerized customer information system become functional during the term of the Agreement, the Servicer and the Issuer agree that they shall review the procedures used to calculate the SRC TC Payments estimated to have been received in light of the capabilities of such new system and shall amend this Annex I in writing to make such modifications and/or substitutions to such procedures as may be appropriate in the interests of efficiency, accuracy, cost and/or system capabilities; provided, however, that the Servicer may not make any modification or substitution that will materially adversely affect the Holders as evidenced by an Officer’s Certificate of the IssuerHolders. As soon as practicable, and in no event later than sixty (60) Business Days after the date on which all Customer accounts are being billed under such new system, the Servicer shall notify the Issuer, the Indenture Trustee and the Rating Agencies of the same. (iv) All calculations of collections, each update of the Weighted Average Days Outstanding or system-wide charge off percentage and any changes in procedures used to calculate the Estimated SRC TC Payments pursuant to this Section 6(f6(e) shall be made in good faith, and in the case of any update pursuant to clause (ii) above or any change in procedures pursuant to clause (iii) above, in a manner reasonably intended to provide estimates and calculations that are at least as accurate as those that would be provided on the Closing Date utilizing the initial procedures.

Calculation of Daily Remittance. (i) For purposes of calculating the Daily Remittance, (i) all Billed SRCs TCs shall be deemed estimated to be collected the same number of days after billing as is equal to the Weighted Average Days Sales Outstanding then in effect (or, if such day is not a Servicer Business Day, or on the immediately succeeding next Servicer Business Day) and (ii) the Servicer will, on each Servicer Business Day, remit to the Indenture Trustee for deposit in the applicable Collection Account an amount equal to the product of the applicable Billed SRCsTCs multiplied by one hundred percent less the system wide write-off percentage (or if available in the ordinary course of business, gross write-off percentage for each revenue class) used by the Servicer to calculate the most recent Periodic Billing Requirement. Such remittance product shall constitute the amount of Estimated SRC TC Collections for such Servicer Business Day. Pursuant to Section 6.12(c6.11(c) of the Agreement, commencing no later than _________ 25, 2025June 30 of each year, the Servicer shall calculate and report in each the next succeeding Monthly Servicer’s 's Certificate the amount of Actual SRC TC Collections for the first all completed Collection Period of Periods during the Reconciliation Period as compared to the Estimated SRC TC Collections forwarded to the applicable Collection Account in respect of such calendar monthReconciliation Period. No Excess Remittance shall be withdrawn from the applicable Collection Account if such withdrawal would cause the amounts on deposit in the applicable General Subaccount or the applicable Excess Funds Subaccount to be insufficient for the payment of the next installment of interest or principal due at maturity on the next Payment Date or upon acceleration on or before the next Payment Date on the System Restoration Transition Bonds. (ii) . The Servicer shall be allowed to use the proceeds from any Excess Remittance to reimburse any Applicable REPs for the excess of their remittances over actual TC Payments received by such REPs in accordance with the terms of PUCT Regulations. On or before __________ 15 the beginning of the first biling cycle in July of each year (or, in the case of any subsequent Series, the corresponding date relating to the Annual True-up Adjustment Date for such Series) in accordance with Section 4.01(b)(i4.01(b) of the Agreement, the Servicer shall, in a timely manner so as to perform all required calculations under such Section 4.01(b)(i4.01(b), update the Weighted Average Days Sales Outstanding and the system-wide write-off percentage (or if available in the ordinary course of business, gross write-off percentage for each revenue class) in order to be able to calculate the Periodic Billing Requirement for the next True-Up Adjustment and to calculate any change in the Daily Remittances for the next Calculation Period. (iii) . The Servicer and the Issuer acknowledge that, as contemplated in the last paragraph of Section 8.01 8.01(b) of the Agreement, the Servicer may make certain changes to its current computerized customer information system, which changes, when functional, would affect the Servicer’s 's method of calculating the SRC TC Payments estimated to have been received by the Servicer during each Collection Period as set forth in this Annex I. Should these changes to the computerized customer information system become functional during the term of the Agreement, the Servicer and the Issuer agree that they shall review the procedures used to calculate the SRC TC Payments estimated to have been received in light of the capabilities of such new system and shall amend this Annex I in writing to make such modifications and/or substitutions to such procedures as may be appropriate in the interests of efficiency, accuracy, cost and/or system capabilities; provided, however, that the Servicer may not make any modification or substitution that will materially adversely affect the Holders as evidenced by an Officer’s Certificate of the IssuerHolders. As soon as practicable, and in no event later than sixty (60) Business Days after the date on which all Customer accounts are being billed under such new system, the Servicer shall notify the Issuer, the Indenture Trustee and the Rating Agencies of the same. (iv) . All calculations of collections, each update of the Weighted Average Days Outstanding Sales Outstanding, the system-wide write-off percentage (or if available in the ordinary course of business, gross write-off percentage for each revenue class) and any changes in procedures used to calculate the Estimated SRC TC Payments pursuant to this Section 6(f6(e) shall be made in good faith, and in the case of any update pursuant to clause (ii) above or any change in procedures pursuant to clause (iii) above, in a manner reasonably intended to provide estimates and calculations that are at least as accurate as those that would be provided on the Closing Date utilizing the initial procedures.

Calculation of Daily Remittance. (i) For purposes of calculating the Daily Remittance, (i) all Billed SRCs TCs shall be deemed to be collected the same number of days after billing as is equal to the Weighted Average Days Outstanding then in effect (or, if such day is not a Servicer Business Day, the immediately succeeding Servicer Business Day) and (ii) the Servicer will, on each Servicer Business Day, remit to the Indenture Trustee for deposit in the Collection Account an amount equal to the product of the applicable Billed SRCsTCs multiplied by one hundred percent less the system wide charge-off percentage used by the Servicer to calculate the most recent Periodic Billing Requirement. Such remittance product shall constitute the amount of Estimated SRC TC Collections for such Servicer Business Day. Pursuant to Section 6.12(c6.11(c) of the Agreement, commencing no later than _________ April 25, 20252013, the Servicer shall calculate in each Monthly Servicer’s Certificate the amount of Actual SRC TC Collections for the first Collection Period of the Reconciliation Period as compared to the Estimated SRC TC Collections forwarded to the Collection Account in respect of such calendar month. No Excess Remittance shall be withdrawn from the Collection Account if such withdrawal would cause the amounts on deposit in the General Subaccount or the Excess Funds Subaccount to be insufficient for the payment of the next installment of interest or principal due at maturity on the next Payment Date or upon acceleration on or before the next Payment Date on the System Restoration Transition Bonds. The Servicer shall be allowed to use the proceeds from any Excess Remittance to reimburse any Applicable REPs for the excess of their remittances over actual TC Payments received by such REPs in accordance with the terms of PUCT Regulations. (ii) On or before __________ [August] 15 of each year in accordance with Section 4.01(b)(i4.01(b) of the Agreement, the Servicer shall, in a timely manner so as to perform all required calculations under such Section 4.01(b)(i4.01(b), update the Weighted Average Days Outstanding and the system-wide charge-off percentage in order to be able to calculate the Periodic Billing Requirement for the next True-Up Adjustment and to calculate any change in the Daily Remittances for the next Calculation Period. (iii) The Servicer and the Issuer acknowledge that, as contemplated in the last paragraph of Section 8.01 8.01(b) of the Agreement, the Servicer may make certain changes to its current computerized customer information system, which changes, when functional, would affect the Servicer’s method of calculating the SRC TC Payments estimated to have been received by the Servicer during each Collection Period as set forth in this Annex I. Should these changes to the computerized customer information system become functional during the term of the Agreement, the Servicer and the Issuer agree that they shall review the procedures used to calculate the SRC TC Payments estimated to have been received in light of the capabilities of such new system and shall amend this Annex I in writing to make such modifications and/or substitutions to such procedures as may be appropriate in the interests of efficiency, accuracy, cost and/or system capabilities; provided, however, that the Servicer may not make any modification or substitution that will materially adversely affect the Holders as evidenced by an Officer’s Certificate of the IssuerHolders. As soon as practicable, and in no event later than sixty (60) Business Days after the date on which all Customer accounts are being billed under such new system, the Servicer shall notify the Issuer, the Indenture Trustee and the Rating Agencies of the same. (iv) All calculations of collections, each update of the Weighted Average Days Outstanding or system-wide charge off percentage and any changes in procedures used to calculate the Estimated SRC TC Payments pursuant to this Section 6(f6(e) shall be made in good faith, and in the case of any update pursuant to clause (ii) above or any change in procedures pursuant to clause (iii) above, in a manner reasonably intended to provide estimates and calculations that are at least as accurate as those that would be provided on the Closing Date utilizing the initial procedures.

Calculation of Daily Remittance. (i) For purposes of calculating the Daily Remittance, (i) all Billed SRCs TCs shall be deemed to be collected the same number of days after billing as is equal to the Weighted Average Days Outstanding then in effect (or, if such day is not a Servicer Business Day, the immediately succeeding Servicer Business Day) and (ii) the Servicer will, on each Servicer Business Day, remit to the Indenture Trustee for deposit in the Collection Account an amount equal to the product of the applicable Billed SRCsTCs multiplied by one hundred percent less the system wide charge-off percentage used by the Servicer to calculate the most recent Periodic Billing Requirement. Such remittance product shall constitute the amount of Estimated SRC TC Collections for such Servicer Business Day. Pursuant to Section 6.12(c6.11(c) of the Agreement, commencing no later than _________ 25, 2025on or before [February 1] of each year, the Servicer shall calculate Net TC Write-Offs for the preceding Reconciliation Period and shall subtract such Net TC Write-Offs from the Billed TCs billed during the preceding Reconciliation Period in each Monthly Servicer’s Certificate order to determine the amount of Actual SRC TC Collections for the first Collection Period of the such Reconciliation Period as compared to the Estimated SRC Collections forwarded to the Collection Account in respect of such calendar monthPeriod. No Excess Remittance shall be withdrawn from the Collection Account if such withdrawal would cause the amounts on deposit in the General Subaccount or the Excess Funds Reserve Subaccount to be insufficient for the payment of the next installment of interest or principal due at maturity on the next Payment Date or upon acceleration on or before the next Payment Date on the System Restoration BondsNotes. The Servicer shall be allowed to use the proceeds from any Excess Remittance to reimburse any Applicable REPs for the excess of their remittances over actual TC Payments received by such REPs in accordance with the terms of PUCT Regulations or any applicable REP Service Agreements. (ii) On or before __________ 15 [ ] of each year year, in accordance with Section 4.01(b)(i4.01(b) of the Agreement, the Servicer shall, in a timely manner so as to perform all required calculations under such Section 4.01(b)(i4.01(b), update the Weighted Average Days Outstanding and the system-wide charge-off percentage in order to be able to calculate the Periodic Billing Requirement for the next True-Up Adjustment and to calculate any change in the Daily Remittances for the next Calculation Period. (iii) The Servicer and the Note Issuer acknowledge that, as contemplated in the last paragraph of Section 8.01 8.01(b) of the Agreement, the Servicer may make certain changes to its current computerized customer information system, which changes, when functional, would affect the Servicer’s 's method of calculating the SRC TC Payments estimated to have been received by the Servicer during each Collection Period as set forth in this Annex I. Annex. Should these changes to the computerized customer information system become functional during the term of the Agreement, the Servicer and the Note Issuer agree that they shall review the procedures used to calculate the SRC TC Payments estimated to have been received in light of the capabilities of such new system and shall amend this Annex I in writing to make such modifications and/or substitutions to such procedures as may be appropriate in the interests of efficiency, accuracy, cost and/or system capabilities; provided, however, that the Servicer may not make any modification or substitution that will materially adversely affect the Holders as evidenced by an Officer’s Certificate of the IssuerNoteholders. As soon as practicable, and in no event later than sixty (60) 60 Business Days after the date on which all Customer accounts are being billed under such new system, the Servicer shall notify the Note Issuer, the Indenture Trustee and the Rating Agencies of the same. (iv) All calculations of collections, each update of the Weighted Average Days Outstanding or system-wide charge off percentage and any changes in procedures used to calculate the Estimated SRC TC Payments pursuant to this Section 6(f6(e) shall be made in good faith, and in the case of any update pursuant to clause (ii) above or any change in procedures pursuant to clause (iii) above), in a manner reasonably intended to provide estimates and calculations that are at least as accurate as those that would be provided on the Closing Date utilizing the initial procedures.

Calculation of Daily Remittance. (i) For purposes of calculating the Daily Remittance, (i) all Billed SRCs TCs shall be deemed estimated to be collected the same number of days after billing as is equal to the Weighted Average Days Sales Outstanding then in effect (or, if such day is not a Servicer Business Day, or on the immediately succeeding next Servicer Business Day) and (ii) the Servicer will, on each Servicer Business Day, remit to the Indenture Trustee for deposit in the applicable Collection Account an amount equal to the product of the applicable Billed SRCsTCs multiplied by one hundred percent less the system wide write-off percentage (or if available in the ordinary course of business, gross write-off percentage for each revenue class) used by the Servicer to calculate the most recent Periodic Billing Requirement. Such remittance product shall constitute the amount of Estimated SRC TC Collections for such Servicer Business Day. Pursuant to Section 6.12(c6.11(c) of the Agreement, commencing no later than _________ 25, 2025June 30 of each year, the Servicer shall calculate and report in each the next succeeding Monthly Servicer’s 's Certificate the amount of Actual SRC TC Collections for the first all completed Collection Period of Periods during the Reconciliation Period as compared to the Estimated SRC TC Collections forwarded to the applicable Collection Account in respect of such calendar monthReconciliation Period. No Excess Remittance shall be withdrawn from the applicable Collection Account if such withdrawal would cause the amounts on deposit in the applicable General Subaccount or the applicable Excess Funds Subaccount to be insufficient for the payment of the next installment of interest or principal due at maturity on the next Payment Date or upon acceleration on or before the next Payment Date on the System Restoration Transition Bonds. The Servicer shall be allowed to use the proceeds from any Excess Remittance to reimburse any Applicable REPs for the excess of their remittances over actual TC Payments received by such REPs in accordance with the terms of PUCT Regulations. (ii) On or before __________ 15 the beginning of the first biling cycle in July of each year (or, in the case of any subsequent Series, the corresponding date relating to the Annual True-up Adjustment Date for such Series) in accordance with Section 4.01(b)(i4.01(b) of the Agreement, the Servicer shall, in a timely manner so as to perform all required calculations under such Section 4.01(b)(i4.01(b), update the Weighted Average Days Sales Outstanding and the system-wide write-off percentage (or if available in the ordinary course of business, gross write-off percentage for each revenue class) in order to be able to calculate the Periodic Billing Requirement for the next True-Up Adjustment and to calculate any change in the Daily Remittances for the next Calculation Period. (iii) The Servicer and the Issuer acknowledge that, as contemplated in the last paragraph of Section 8.01 8.01(b) of the Agreement, the Servicer may make certain changes to its current computerized customer information system, which changes, when functional, would affect the Servicer’s 's method of calculating the SRC TC Payments estimated to have been received by the Servicer during each Collection Period as set forth in this Annex I. Should these changes to the computerized customer information system become functional during the term of the Agreement, the Servicer and the Issuer agree that they shall review the procedures used to calculate the SRC TC Payments estimated to have been received in light of the capabilities of such new system and shall amend this Annex I in writing to make such modifications and/or substitutions to such procedures as may be appropriate in the interests of efficiency, accuracy, cost and/or system capabilities; provided, however, that the Servicer may not make any modification or substitution that will materially adversely affect the Holders as evidenced by an Officer’s Certificate of the IssuerHolders. As soon as practicable, and in no event later than sixty (60) Business Days after the date on which all Customer accounts are being billed under such new system, the Servicer shall notify the Issuer, the Indenture Trustee and the Rating Agencies of the same. (iv) All calculations of collections, each update of the Weighted Average Days Outstanding Sales Outstanding, the system-wide write-off percentage (or if available in the ordinary course of business, gross write-off percentage for each revenue class) and any changes in procedures used to calculate the Estimated SRC TC Payments pursuant to this Section 6(f6(e) shall be made in good faith, and in the case of any update pursuant to clause (ii) above or any change in procedures pursuant to clause (iii) above, in a manner reasonably intended to provide estimates and calculations that are at least as accurate as those that would be provided on the Closing Date utilizing the initial procedures.

Calculation of Daily Remittance. (i) For purposes of calculating the Daily Remittance, (i) all Billed SRCs TCs shall be deemed estimated to be collected the same number of days after billing as is equal to the Weighted Average Days Sales Outstanding then in effect (or, if such day is not a Servicer Business Day, or on the immediately succeeding next Servicer Business Day) and (ii) the Servicer will, on each Servicer Business Day, remit to the Indenture Trustee for deposit in the Collection Account an amount equal to the product of the applicable Billed SRCsTCs multiplied by one hundred percent less the system wide write-off percentage (or if available in the ordinary course of business, gross write-off percentage for each revenue class) used by the Servicer to calculate the most recent Periodic Billing Requirement. Such remittance product shall constitute the amount of Estimated SRC TC Collections for such Servicer Business Day. Pursuant to Section 6.12(c6.11(c) of the Agreement, commencing no later than _________ 25, 2025June 30 of each year, the Servicer shall calculate and report in each the next succeeding Monthly Servicer’s 's Certificate the amount of Actual SRC TC Collections for the first all completed Collection Period of Periods during the Reconciliation Period as compared to the Estimated SRC TC Collections forwarded to the Collection Account in respect of such calendar monthReconciliation Period. No Excess Remittance shall be withdrawn from the Collection Account if such withdrawal would cause the amounts on deposit in the General Subaccount or the Excess Funds Subaccount to be insufficient for the payment of the next installment of interest or principal due at maturity on the next Payment Date or upon acceleration on or before the next Payment Date on the System Restoration Transition Bonds. (ii) . The Servicer shall be allowed to use the proceeds from any Excess Remittance to reimburse any Applicable REPs for the excess of their remittances over actual TC Payments received by such REPs in accordance with the terms of PUCT Regulations. On or before __________ 15 the beginning of the first billing cycle in November of each year in accordance with Section 4.01(b)(i4.01(b) of the Agreement, the Servicer shall, in a timely manner so as to perform all required calculations under such Section 4.01(b)(i4.01(b), update the Weighted Average Days Sales Outstanding and the system-wide write-off percentage (or if available in the ordinary course of business, gross write-off percentage for each revenue class) in order to be able to calculate the Periodic Billing Requirement for the next True-Up Adjustment and to calculate any change in the Daily Remittances for the next Calculation Period. (iii) . The Servicer and the Issuer acknowledge that, as contemplated in the last paragraph of Section 8.01 8.01(b) of the Agreement, the Servicer may make certain changes to its current computerized customer information system, which changes, when functional, would affect the Servicer’s 's method of calculating the SRC TC Payments estimated to have been received by the Servicer during each Collection Period as set forth in this Annex I. Should these changes to the computerized customer information system become functional during the term of the Agreement, the Servicer and the Issuer agree that they shall review the procedures used to calculate the SRC TC Payments estimated to have been received in light of the capabilities of such new system and shall amend this Annex I in writing to make such modifications and/or substitutions to such procedures as may be appropriate in the interests of efficiency, accuracy, cost and/or system capabilities; provided, however, that the Servicer may not make any modification or substitution that will materially adversely affect the Holders as evidenced by an Officer’s Certificate of the IssuerHolders. As soon as practicable, and in no event later than sixty (60) Business Days after the date on which all Customer accounts are being billed under such new system, the Servicer shall notify the Issuer, the Indenture Trustee and the Rating Agencies of the same. (iv) . All calculations of collections, each update of the Weighted Average Days Outstanding Sales Outstanding, the system-wide write-off percentage (or if available in the ordinary course of business, gross write-off percentage for each revenue class) and any changes in procedures used to calculate the Estimated SRC TC Payments pursuant to this Section 6(f6(e) shall be made in good faith, and in the case of any update pursuant to clause (ii) above or any change in procedures pursuant to clause (iii) above, in a manner reasonably intended to provide estimates and calculations that are at least as accurate as those that would be provided on the Closing Date utilizing the initial procedures.

Calculation of Daily Remittance. (i) For purposes of calculating the Daily Remittance, (i) all Billed SRCs shall be deemed to be collected the same number of days after billing as is equal to the Weighted Average Days Outstanding then in effect (or, if such day is not a Servicer Business Day, the immediately succeeding Servicer Business Day) and (ii) the Servicer will, on each Servicer Business Day, remit to the Indenture Trustee for deposit in the Collection Account an amount equal to the product of the applicable Billed SRCsSRCs multiplied by one hundred percent less the system wide charge-off percentage used by the Servicer to calculate the most recent Periodic Billing Requirement. Such remittance product shall constitute the amount of Estimated SRC Collections for such Servicer Business Day. Pursuant to Section 6.12(c6.11(c) of the Agreement, commencing no later than _________ [August] 25, 20252020, 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. No Excess Remittance shall be withdrawn from the Collection Account if such withdrawal would cause the amounts on deposit in the General Subaccount or the Excess Funds Subaccount to be insufficient for the payment of the next installment of interest or principal due at maturity on the next Payment Date or upon acceleration on or before the next Payment Date on the System Restoration Bonds. The Servicer shall be allowed to use the proceeds from any Excess Remittance to reimburse any Applicable REPs for the excess of their remittances over actual SRC Payments received by such REPs in accordance with the terms of PUCT Regulations. (ii) On or before __________ [June] 15 of each year in accordance with Section 4.01(b)(i4.01(b) of the Agreement, the Servicer shall, in a timely manner so as to perform all required calculations under such Section 4.01(b)(i4.01(b), update the Weighted Average Days Outstanding and the system-wide charge-off percentage in order to be able to calculate the Periodic Billing Requirement for the next True-Up Adjustment and to calculate any change in the Daily Remittances for the next Calculation Period. (iii) The Servicer and the Issuer acknowledge that, as contemplated in the last paragraph of Section 8.01 8.01(b) of the Agreement, the Servicer may make certain changes to its current computerized customer information system, which changes, when functional, would affect the Servicer’s method of calculating the SRC Payments estimated to have been received by the Servicer during each Collection Period as set forth in this Annex I. Should these changes to the computerized customer information system become functional during the term of the Agreement, the Servicer and the Issuer agree that they shall review the procedures used to calculate the SRC Payments estimated to have been received in light of the capabilities of such new system and shall amend this Annex I in writing to make such modifications and/or substitutions to such procedures as may be appropriate in the interests of efficiency, accuracy, cost and/or system capabilities; provided, however, that the Servicer may not make any modification or substitution that will materially adversely affect the Holders as evidenced by an Officer’s Certificate of the Issuer. As soon as practicable, and in no event later than sixty (60) Business Days after the date on which all Customer accounts are being billed under such new system, the Servicer shall notify the Issuer, the Indenture Trustee and the Rating Agencies of the same. (iv) All calculations of collections, each update of the Weighted Average Days Outstanding or system-wide charge off percentage and any changes in procedures used to calculate the Estimated SRC Payments pursuant to this Section 6(f6(e) shall be made in good faith, and in the case of any update pursuant to clause (ii) above or any change in procedures pursuant to clause (iii) above, in a manner reasonably intended to provide estimates and calculations that are at least as accurate as those that would be provided on the Closing Date utilizing the initial procedures.

Calculation of Daily Remittance. (i) For purposes of calculating the Daily Remittance, (i) all Billed SRCs TCs shall be deemed estimated to be collected the same number of days after billing as is equal to the Weighted Average Days Sales Outstanding then in effect (or, if such day is not a Servicer Business Day, or on the immediately succeeding next Servicer Business Day) and (ii) the Servicer will, on each Servicer Business Day, remit to the Indenture Trustee for deposit in the Collection Account an amount equal to the product of the applicable Billed SRCsTCs multiplied by one hundred percent less the system wide write-off percentage (or if available in the ordinary course of business, gross write-off percentage for each revenue class) used by the Servicer to calculate the most recent Periodic Billing Requirement. Such remittance product shall constitute the amount of Estimated SRC TC Collections for such Servicer Business Day. Pursuant to Section 6.12(c6.11(c) of the Agreement, commencing no later than _________ 25, 2025June 30 of each year, the Servicer shall calculate and report in each the next succeeding Monthly Servicer’s Certificate the amount of Actual SRC TC Collections for the first all completed Collection Period of Periods during the Reconciliation Period as compared to the Estimated SRC TC Collections forwarded to the Collection Account in respect of such calendar monthReconciliation Period. No Excess Remittance shall be withdrawn from the Collection Account if such withdrawal would cause the amounts on deposit in the General Subaccount or the Excess Funds Subaccount to be insufficient for the payment of the next installment of interest or principal due at maturity on the next Payment Date or upon acceleration on or before the next Payment Date on the System Restoration Transition Bonds. The Servicer shall be allowed to use the proceeds from any Excess Remittance to reimburse any Applicable REPs for the excess of their remittances over actual TC Payments received by such REPs in accordance with the terms of PUCT Regulations. (ii) On or before __________ 15 the beginning of the first billing cycle in November of each year in accordance with Section 4.01(b)(i4.01(b) of the Agreement, the Servicer shall, in a timely manner so as to perform all required calculations under such Section 4.01(b)(i4.01(b), update the Weighted Average Days Sales Outstanding and the system-wide write-off percentage (or if available in the ordinary course of business, gross write-off percentage for each revenue class) in order to be able to calculate the Periodic Billing Requirement for the next True-Up Adjustment and to calculate any change in the Daily Remittances for the next Calculation Period. (iii) The Servicer and the Issuer acknowledge that, as contemplated in the last paragraph of Section 8.01 8.01(b) of the Agreement, the Servicer may make certain changes to its current computerized customer information system, which changes, when functional, would affect the Servicer’s method of calculating the SRC TC Payments estimated to have been received by the Servicer during each Collection Period as set forth in this Annex I. Should these changes to the computerized customer information system become functional during the term of the Agreement, the Servicer and the Issuer agree that they shall review the procedures used to calculate the SRC TC Payments estimated to have been received in light of the capabilities of such new system and shall amend this Annex I in writing to make such modifications and/or substitutions to such procedures as may be appropriate in the interests of efficiency, accuracy, cost and/or system capabilities; provided, however, that the Servicer may not make any modification or substitution that will materially adversely affect the Holders as evidenced by an Officer’s Certificate of the IssuerHolders. As soon as practicable, and in no event later than sixty (60) Business Days after the date on which all Customer accounts are being billed under such new system, the Servicer shall notify the Issuer, the Indenture Trustee and the Rating Agencies of the same. (iv) All calculations of collections, each update of the Weighted Average Days Outstanding Sales Outstanding, the system-wide write-off percentage (or if available in the ordinary course of business, gross write-off percentage for each revenue class) and any changes in procedures used to calculate the Estimated SRC TC Payments pursuant to this Section 6(f6(e) shall be made in good faith, and in the case of any update pursuant to clause (ii) above or any change in procedures pursuant to clause (iii) above, in a manner reasonably intended to provide estimates and calculations that are at least as accurate as those that would be provided on the Closing Date utilizing the initial procedures.

Calculation of Daily Remittance. (i) For purposes of calculating the Daily Remittance, (i) all Billed SRCs shall be deemed estimated to be collected the same number of days after billing as is equal to the Weighted Average Days Sales Outstanding then in effect (or, if such day is not a Servicer Business Day, or on the immediately succeeding next Servicer Business Day) and (ii) the Servicer will, on each Servicer Business Day, remit to the Indenture Trustee for deposit in the Collection Account an amount equal to the product of the applicable Billed SRCsSRCs multiplied by one hundred percent less the system wide write-off percentage (or if available in the ordinary course of business, gross write-off percentage for each revenue class) used by the Servicer to calculate the most recent Periodic Billing Requirement. Such remittance product shall constitute the amount of Estimated SRC Collections for such Servicer Business Day. Pursuant to Section 6.12(c6.11(c) of the Agreement, commencing no later than _________ 25, 2025June 30 of each year, the Servicer shall calculate and report in each the next succeeding Monthly Servicer’s Certificate the amount of Actual SRC Collections for the first all completed Collection Period of Periods during the Reconciliation Period as compared to the Estimated SRC Collections forwarded to the Collection Account in respect of such calendar monthReconciliation Period. No Excess Remittance shall be withdrawn from the Collection Account if such withdrawal would cause the amounts on deposit in the General Subaccount or the Excess Funds Subaccount to be insufficient for the payment of the next installment of interest or principal due at maturity on the next Payment Date or upon acceleration on or before the next Payment Date on the System Restoration Bonds. The Servicer shall be allowed to use the proceeds from any Excess Remittance to reimburse any Applicable REPs for the excess of their remittances over actual SRC Payments received by such REPs in accordance with the terms of PUCT Regulations. (ii) On or before __________ 15 the beginning of the first billing cycle in November of each year in accordance with Section 4.01(b)(i4.01(b) of the Agreement, the Servicer shall, in a timely manner so as to perform all required calculations under such Section 4.01(b)(i4.01(b), update the Weighted Average Days Sales Outstanding and the system-wide write-off percentage (or if available in the ordinary course of business, gross write-off percentage for each revenue class) in order to be able to calculate the Periodic Billing Requirement for the next True-Up Adjustment and to calculate any change in the Daily Remittances for the next Calculation Period. (iii) The Servicer and the Issuer acknowledge that, as contemplated in the last paragraph of Section 8.01 8.01(b) of the Agreement, the Servicer may make certain changes to its current computerized customer information system, which changes, when functional, would affect the Servicer’s method of calculating the SRC Payments estimated to have been received by the Servicer during each Collection Period as set forth in this Annex I. Should these changes to the computerized customer information system become functional during the term of the Agreement, the Servicer and the Issuer agree that they shall review the procedures used to calculate the SRC Payments estimated to have been received in light of the capabilities of such new system and shall amend this Annex I in writing to make such modifications and/or substitutions to such procedures as may be appropriate in the interests of efficiency, accuracy, cost and/or system capabilities; provided, however, that the Servicer may not make any modification or substitution that will materially adversely affect the Holders as evidenced by an Officer’s Certificate of the Issuer. As soon as practicable, and in no event later than sixty (60) Business Days after the date on which all Customer accounts are being billed under such new system, the Servicer shall notify the Issuer, the Indenture Trustee and the Rating Agencies of the same.. ANNEX I (iv) All calculations of collections, each update of the Weighted Average Days Outstanding Sales Outstanding, the system-wide write-off percentage (or if available in the ordinary course of business, gross write-off percentage for each revenue class) and any changes in procedures used to calculate the Estimated SRC Payments pursuant to this Section 6(f6(e) shall be made in good faith, and in the case of any update pursuant to clause (ii) above or any change in procedures pursuant to clause (iii) above, in a manner reasonably intended to provide estimates and calculations that are at least as accurate as those that would be provided on the Closing Date utilizing the initial procedures.

Calculation of Daily Remittance. (i) For purposes of calculating the Daily Remittance, (i) all Billed SRCs TCs shall be deemed to be collected the same number of days after billing as is equal to the Weighted Average Days Outstanding then in effect (or, if such day is not a Servicer Business Day, the immediately succeeding Servicer Business Day) and (ii) the Servicer will, on each Servicer Business Day, remit to the Indenture Trustee for deposit in the Collection Account an amount equal to the product of the applicable Billed SRCsTCs multiplied by one hundred percent less the system wide charge-off percentage used by the Servicer to calculate the most recent Periodic Billing Requirement. Such remittance product shall constitute the amount of Estimated SRC TC Collections for such Servicer Business Day. Pursuant to Section 6.12(c6.11(c) of the Agreement, commencing no later than _________ January 25, 20252003, the Servicer shall calculate in each Monthly Servicer’s 's Certificate Net TC Write-Offs for the preceding Reconciliation Period and shall subtract such Net TC Write-Offs from the Billed TCs billed during the preceding Reconciliation Period in order to determine the amount of Actual SRC TC Collections for the first Collection Period of the such Reconciliation Period as compared to the Estimated SRC Collections forwarded to the Collection Account in respect of such calendar monthPeriod. No Excess Remittance shall be withdrawn from the Collection Account if such withdrawal would cause the amounts on deposit in the General Subaccount or the Excess Funds Reserve Subaccount to be insufficient for the payment of the next installment of interest or principal due at maturity on the next Payment Date or upon acceleration on or before the next Payment Date on the System Restoration BondsNotes. The Servicer shall be allowed to use the proceeds from any Excess Remittance to reimburse any Applicable REPs for the excess of their remittances over actual TC Payments received by such REPs in accordance with the terms of PUCT Regulations or any applicable REP Service Agreements. (ii) On or before __________ 15 the last billing cycle of January of each year year, in accordance with Section 4.01(b)(i4.01(b) of the Agreement, the Servicer shall, in a timely manner so as to perform all required calculations under such Section 4.01(b)(i4.01(b), update the Weighted Average Days Outstanding and the system-wide charge-off percentage in order to be able to calculate the Periodic Billing Requirement for the next True-Up Adjustment and to calculate any change in the Daily Remittances for the next Calculation Period. (iii) The Servicer and the Note Issuer acknowledge that, as contemplated in the last paragraph of Section 8.01 8.01(b) of the Agreement, the Servicer may make certain changes to its current computerized customer information system, which changes, when functional, would affect the Servicer’s 's method of calculating the SRC TC Payments estimated to have been received by the Servicer during each Collection Period as set forth in this Annex I. Annex. Should these changes to the computerized customer information system become functional during the term of the Agreement, the Servicer and the Note Issuer agree that they shall review the procedures used to calculate the SRC TC Payments estimated to have been received in light of the capabilities of such new system and shall amend this Annex I in writing to make such modifications and/or substitutions to such procedures as may be appropriate in the interests of efficiency, accuracy, cost and/or system capabilities; provided, however, that the Servicer may not make any modification or substitution that will materially adversely affect the Holders as evidenced by an Officer’s Certificate of the IssuerNoteholders. As soon as practicable, and in no event later than sixty (60) 60 Business Days after the date on which all Customer accounts are being billed under such new system, the Servicer shall notify the Note Issuer, the Indenture Trustee and the Rating Agencies of the same. (iv) All calculations of collections, each update of the Weighted Average Days Outstanding or system-wide charge off percentage and any changes in procedures used to calculate the Estimated SRC TC Payments pursuant to this Section 6(f6(e) shall be made in good faith, and in the case of any update pursuant to clause (ii) above or any change in procedures pursuant to clause (iii) above), in a manner reasonably intended to provide estimates and calculations that are at least as accurate as those that would be provided on the Closing Date utilizing the initial procedures.

Calculation of Daily Remittance. (i) For purposes of calculating the Daily Remittance, (i) all Billed SRCs TCs shall be deemed estimated to be collected the same number of days after billing as is equal to the Weighted Average Days Sales Outstanding then in effect (or, if such day is not a Servicer Business Day, or on the immediately succeeding next Servicer Business Day) and (ii) the Servicer will, on each Servicer Business Day, remit to the Indenture Trustee for deposit in the applicable Collection Account an amount equal to the product of the applicable Billed SRCsTCs multiplied by one hundred percent less the system wide write-off percentage (or if available in the ordinary course of business, gross write-off percentage for each revenue class) used by the Servicer to calculate the most recent Periodic Billing Requirement. Such remittance product shall constitute the amount of Estimated SRC TC Collections for such Servicer Business Day. Pursuant to Section 6.12(c6.11(c) of the Agreement, commencing no later than [_________ 25, 2025___] of each year, the Servicer shall calculate and report in each the next succeeding Monthly Servicer’s 's Certificate the amount of Actual SRC TC Collections for the first all completed Collection Period of Periods during the Reconciliation Period as compared to the Estimated SRC TC Collections forwarded to the applicable Collection Account in respect of such calendar monthReconciliation Period. No Excess Remittance shall be withdrawn from the applicable Collection Account if such withdrawal would cause the amounts on deposit in the applicable General Subaccount or the applicable Excess Funds Subaccount to be insufficient for the payment of the next installment of interest or principal due at maturity on the next Payment Date or upon acceleration on or before the next Payment Date on the System Restoration Transition Bonds. The Servicer shall be allowed to use the proceeds from any Excess Remittance to reimburse any Applicable REPs for the excess of their remittances over actual TC Payments received by such REPs in accordance with the terms of PUCT Regulations. (ii) On or before [__________ 15 ] of each year (or, in the case of any subsequent Series, the corresponding date relating to the Annual True-up Adjustment Date for such Series) in accordance with Section 4.01(b)(i4.01(b) of the Agreement, the Servicer shall, in a timely manner so as to perform all required calculations under such Section 4.01(b)(i4.01(b), update the Weighted Average Days Sales Outstanding and the system-wide write-off percentage (or if available in the ordinary course of business, gross write-off percentage for each revenue class) in order to be able to calculate the Periodic Billing Requirement for the next True-Up Adjustment and to calculate any change in the Daily Remittances for the next Calculation Period. (iii) The Servicer and the Issuer acknowledge that, as contemplated in the last paragraph of Section 8.01 8.01(b) of the Agreement, the Servicer may make certain changes to its current computerized customer information system, which changes, when functional, would affect the Servicer’s 's method of calculating the SRC TC Payments estimated to have been received by the Servicer during each Collection Period as set forth in this Annex I. Should these changes to the computerized customer information system become functional during the term of the Agreement, the Servicer and the Issuer agree that they shall review the procedures used to calculate the SRC TC Payments estimated to have been received in light of the capabilities of such new system and shall amend this Annex I in writing to make such modifications and/or substitutions to such procedures as may be appropriate in the interests of efficiency, accuracy, cost and/or system capabilities; provided, however, that the Servicer may not make any modification or substitution that will materially adversely affect the Holders as evidenced by an Officer’s Certificate of the IssuerHolders. As soon as practicable, and in no event later than sixty (60) Business Days after the date on which all Customer accounts are being billed under such new system, the Servicer shall notify the Issuer, the Indenture Trustee and the Rating Agencies of the same. (iv) All calculations of collections, each update of the Weighted Average Days Outstanding Sales Outstanding, the system-wide write-off percentage (or if available in the ordinary course of business, gross write-off percentage for each revenue class) and any changes in procedures used to calculate the Estimated SRC TC Payments pursuant to this Section 6(f6(e) shall be made in good faith, and in the case of any update pursuant to clause (ii) above or any change in procedures pursuant to clause (iii) above, in a manner reasonably intended to provide estimates and calculations that are at least as accurate as those that would be provided on the Closing Date utilizing the initial procedures.

Calculation of Daily Remittance. (i) For purposes of calculating the Daily Remittance, (i) all Billed SRCs shall be deemed estimated to be collected the same number of days after billing as is equal to the Weighted Average Days Sales Outstanding then in effect (or, if such resulting day is not a Servicer Business Day, on the immediately succeeding next Servicer Business Day) and (ii) the Servicer will, on each Servicer Business DayDay but in no event later than two Servicer Business Days following the Servicer Business Day after such Billed SRCs are estimated to have been received, remit to the Indenture Trustee for deposit in the Collection Account an amount equal to the product of the applicable Billed SRCsSRCs multiplied by one hundred percent less the system wide write-off percentage used by the Servicer to calculate the most recent Periodic Billing Requirement. Such remittance product shall constitute the amount of Estimated estimated SRC Collections for such Servicer Business Day. . (ii) Pursuant to Section 6.12(c6.12(d) of the Agreement, commencing no later than _________ 25[Month, 2025Year], the Servicer shall calculate in each Monthly Servicer’s Certificate the amount of Actual actual SRC Collections for the first Collection Period of the Reconciliation Period immediately preceding calendar month as compared to the Estimated estimated SRC Collections forwarded to the Collection Account in respect of such calendar month. No Excess Remittance shall be withdrawn from the Collection Account if such withdrawal would cause the amounts on deposit in the General Subaccount or the Excess Funds Subaccount to be insufficient for the payment of the next installment of interest or principal due at maturity on the next Payment Date or upon acceleration on or before the next Payment Date on the System Restoration Storm Recovery Bonds. The Servicer and the Issuer further acknowledge and agree that the amount of the variances between actual SRC Collections and estimated SRC Collections are expected to be small and are not expected to be biased in favor of over-remittances or under-remittances. Consequently, so long as the Servicer faithfully makes all daily remittances based on Weighted Average Days Sales Outstanding, as provided for herein, the Servicer and the Issuer agree that no actual or deemed investment earnings shall be payable in respect of such over-remittances or under-remittances. (iiiii) On or before __________ 15 of the Calculation Date in [Month] and [Month] of, each year year, beginning in [Month, Year], in accordance with Section 4.01(b)(i4.01(b) of the Agreement, the Servicer shall, in a timely manner so as to perform all required calculations under such Section 4.01(b)(i4.01(b), update the Weighted Average Days Sales Outstanding and the system-wide write-off percentage (or if available in the ordinary course of business, gross write-off percentage for each Customer Class) in order to be able to calculate the Periodic Billing Requirement for the next True-Up Storm Recovery Charge Adjustment and to calculate any change in the Daily Remittances for the next Calculation Period. (iiiiv) The Servicer and the Issuer acknowledge that, as contemplated in the last paragraph of Section 8.01 8.01(c) of the Agreement, the Servicer may make certain changes to its current computerized customer Customer information system, which changes, when functional, would affect the Servicer’s method of calculating the SRC Payments Collections estimated to have been received by the Servicer during each Collection Period as set forth in this Annex I. Should these changes to the computerized customer Customer information system become functional during the term of the Agreement, the Servicer and the Issuer agree that they shall review the procedures used to calculate the SRC Payments Collections estimated to have been received in light of the capabilities of such new system and shall amend this Annex I in writing to make such modifications and/or substitutions to such procedures as may be appropriate in the interests of efficiency, accuracy, cost and/or system capabilities; provided, however, that the Servicer may not make any modification or substitution that will materially adversely affect the Holders as evidenced by an Officer’s Certificate of the IssuerHolders. As soon as practicable, and in no event later than sixty (60) Servicer Business Days after the date on which all Customer accounts are being billed under such new system, the Servicer shall notify the Issuer, the Indenture Trustee and the Rating Agencies of the same. (ivv) All calculations of collections, each update of the Weighted Average Days Outstanding Sales Outstanding, the system-wide write-off percentage and any changes in procedures used to calculate the Estimated estimated SRC Payments Collections pursuant to this Section 6(f6(e) shall be made in good faith, and in the case of any update pursuant to clause (iiiii) above or any change in procedures pursuant to clause (iiiiv) above, in a manner reasonably intended to provide estimates and calculations that are at least as accurate as those that would be provided on the Closing Date utilizing the initial procedures.

Calculation of Daily Remittance. (i) For purposes of calculating the Daily Remittance, (i) all Billed SRCs TCs shall be deemed to be collected the same number of days after billing as is equal to the Weighted Average Days Outstanding then in effect (or, if such day is not a Servicer Business Day, the immediately succeeding Servicer Business Day) and (ii) the Servicer will, on each Servicer Business Day, remit to the Indenture Trustee for deposit in the applicable Collection Account an amount equal to the product of the applicable Billed SRCsTCs multiplied by one hundred percent less the system wide charge-off percentage used by the Servicer to calculate the most recent Periodic Billing Requirement. Such remittance product shall constitute the amount of Estimated SRC TC Collections for such Servicer Business Day. Pursuant to Section 6.12(c6.11(c) of the Agreement, commencing no later than _________ October 25, 20252007, the Servicer shall calculate in each Monthly Servicer’s Certificate the amount of Actual SRC TC Collections for the first Collection Period of the Reconciliation Period as compared to the Estimated SRC TC Collections forwarded to the Collection Account in respect of such calendar month. No Excess Remittance shall be withdrawn from the Collection Account if such withdrawal would cause the amounts on deposit in the General Subaccount or the Excess Funds Subaccount to be insufficient for the payment of the next installment of interest or principal due at maturity on the next Payment Date or upon acceleration on or before the next Payment Date on the System Restoration Transition Bonds. The Servicer shall be allowed to use the proceeds from any Excess Remittance to reimburse any Applicable REPs for the excess of their remittances over actual TC Payments received by such REPs in accordance with the terms of PUCT Regulations. (ii) On or before __________ 15 September 30 of each year (or, in the case of any subsequent Series, the corresponding date relating to the Annual True-up Adjustment Date for such series) in accordance with Section 4.01(b)(i4.01(b) of the Agreement, the Servicer shall, in a timely manner so as to perform all required calculations under such Section 4.01(b)(i4.01(b), update the Weighted Average Days Outstanding and the system-wide charge-off percentage in order to be able to calculate the Periodic Billing Requirement for the next True-Up Adjustment and to calculate any change in the Daily Remittances for the next Calculation Period. (iii) The Servicer and the Issuer acknowledge that, as contemplated in the last paragraph of Section 8.01 8.01(b) of the Agreement, the Servicer may make certain changes to its current computerized customer information system, which changes, when functional, would affect the Servicer’s method of calculating the SRC TC Payments estimated to have been received by the Servicer during each Collection Period as set forth in this Annex I. Should these changes to the computerized customer information system become functional during the term of the Agreement, the Servicer and the Issuer agree that they shall review the procedures used to calculate the SRC TC Payments estimated to have been received in light of the capabilities of such new system and shall amend this Annex I in writing to make such modifications and/or substitutions to such procedures as may be appropriate in the interests of efficiency, accuracy, cost and/or system capabilities; provided, however, that the Servicer may not make any modification or substitution that will materially adversely affect the Holders as evidenced by an Officer’s Certificate of the IssuerHolders. As soon as practicable, and in no event later than sixty (60) Business Days after the date on which all Customer accounts are being billed under such new system, the Servicer shall notify the Issuer, the Indenture Trustee and the Rating Agencies of the same. (iv) All calculations of collections, each update of the Weighted Average Days Outstanding or system-wide charge off percentage and any changes in procedures used to calculate the Estimated SRC TC Payments pursuant to this Section 6(f6(e) shall be made in good faith, and in the case of any update pursuant to clause (ii) above or any change in procedures pursuant to clause (iii) above, in a manner reasonably intended to provide estimates and calculations that are at least as accurate as those that would be provided on the Closing Date utilizing the initial procedures.

Calculation of Daily Remittance. (i) For purposes of calculating the Daily Remittance, (i) all Billed SRCs TCs shall be deemed to be collected the same number of days after billing as is equal to the Weighted Average Days Outstanding then in effect (or, if such day is not a Servicer Business Day, the immediately succeeding Servicer Business Day) and (ii) the Servicer will, on each Servicer Business Day, remit to the Indenture Trustee for deposit in the applicable Collection Account an amount equal to the product of the applicable Billed SRCsTCs multiplied by one hundred percent less the system wide charge-off percentage used by the Servicer to calculate the most recent Periodic Billing Requirement. Such remittance product shall constitute the amount of Estimated SRC TC Collections for such Servicer Business Day. Pursuant to Section 6.12(c6.11(c) of the Agreement, commencing no later than _________ November 25, 20252007, the Servicer shall calculate in each Monthly Servicer’s Certificate the amount of Actual SRC TC Collections for the first Collection Period of the Reconciliation Period as compared to the Estimated SRC TC Collections forwarded to the applicable Collection Account in respect of such calendar month. No Excess Remittance shall be withdrawn from the applicable Collection Account if such withdrawal would cause the amounts on deposit in the applicable General Subaccount or the applicable Excess Funds Subaccount to be insufficient for the payment of the next installment of interest or principal due at maturity on the next Payment Date or upon acceleration on or before the next Payment Date on the System Restoration Transition Bonds. The Servicer shall be allowed to use the proceeds from any Excess Remittance to reimburse any Applicable REPs for the excess of their remittances over actual TC Payments received by such REPs in accordance with the terms of PUCT Regulations. (ii) On or before __________ August 15 of each year (or, in the case of any subsequent Series, the corresponding date relating to the Annual True-up Adjustment Date for such Series) in accordance with Section 4.01(b)(i4.01(b) of the Agreement, the Servicer shall, in a timely manner so as to perform all required calculations under such Section 4.01(b)(i4.01(b), update the Weighted Average Days Outstanding and the system-wide charge-off percentage in order to be able to calculate the Periodic Billing Requirement for the next True-Up Adjustment and to calculate any change in the Daily Remittances for the next Calculation Period. (iii) The Servicer and the Issuer acknowledge that, as contemplated in the last paragraph of Section 8.01 8.01(b) of the Agreement, the Servicer may make certain changes to its current computerized customer information system, which changes, when functional, would affect the Servicer’s method of calculating the SRC TC Payments estimated to have been received by the Servicer during each Collection Period as set forth in this Annex I. Should these changes to the computerized customer information system become functional during the term of the Agreement, the Servicer and the Issuer agree that they shall review the procedures used to calculate the SRC TC Payments estimated to have been received in light of the capabilities of such new system and shall amend this Annex I in writing to make such modifications and/or substitutions to such procedures as may be appropriate in the interests of efficiency, accuracy, cost and/or system capabilities; provided, however, that the Servicer may not make any modification or substitution that will materially adversely affect the Holders as evidenced by an Officer’s Certificate of the IssuerHolders. As soon as practicable, and in no event later than sixty (60) Business Days after the date on which all Customer accounts are being billed under such new system, the Servicer shall notify the Issuer, the Indenture Trustee and the Rating Agencies of the same. (iv) All calculations of collections, each update of the Weighted Average Days Outstanding or system-wide charge off percentage and any changes in procedures used to calculate the Estimated SRC TC Payments pursuant to this Section 6(f6(e) shall be made in good faith, and in the case of any update pursuant to clause (ii) above or any change in procedures pursuant to clause (iii) above, in a manner reasonably intended to provide estimates and calculations that are at least as accurate as those that would be provided on the Closing Date utilizing the initial procedures.