Weighted Average Days Outstanding definition
Weighted Average Days Outstanding means the weighted average number of days Duke Energy Progress monthly bills to Customers remain outstanding during the calendar year preceding the calculation thereof pursuant to Section 4.01(b)(i) of the Servicing Agreement.
Weighted Average Days Outstanding means the weighted average number of days Consumers Energy’s monthly bills to Customers remain outstanding during the calendar year preceding the calculation thereof pursuant to Section 4.01(b)(i) of the Servicing Agreement.
Weighted Average Days Outstanding means the weighted average number of days Duke Energy Florida’s monthly bills to Customers remain outstanding during the calendar year preceding the calculation thereof pursuant to Section 4.01(b)(i) of the Servicing Agreement.
Examples of Weighted Average Days Outstanding in a sentence
For purposes of calculating the True-Up Adjustments described in Sections 4.01(b)(ii), 4.01(b)(iii) and 4.01(b)(iv), the Weighted Average Days Outstanding (Commercial), the Weighted Average Days Outstanding (Residential) and net charge-offs shall be calculated and updated on or about January 1 and July 1 or more frequently if the Servicer expects there to be a material change to any of these amounts.
Consequently, so long as the Servicer faithfully makes all remittances based on Weighted Average Days 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.
On a semiannual basis, the Servicer shall provide Moody's a notice containing the input values for Weighted Average Days Outstanding current as of a date three calendar months prior to such report.
More Definitions of Weighted Average Days Outstanding
Weighted Average Days Outstanding or “WADO” means the weighted average number of days Duke Energy Carolinas monthly bills to Customers remain outstanding during the calendar year preceding the calculation thereof pursuant to Section 4.01(b)(i) of the Servicing Agreement.
Weighted Average Days Outstanding means the weighted average number of days TCC’s monthly bills to retail customers (or, following the advent of customer choice, monthly bills to REPs) remain outstanding during the calendar year immediately preceding the calculation thereof pursuant to Section 4.01(b)(i) of the Servicing Agreement. The initial Weighted Average Days Outstanding shall be thirty-five (35) days until updated pursuant to Section 4.01(b)(i) of the Servicing Agreement.
Weighted Average Days Outstanding means the weighted average number of days CEHE’s monthly bills to REPs remain outstanding during the calendar year immediately preceding the calculation thereof pursuant to Section 4.01(b)(i) of the Servicing Agreement. The initial Weighted Average Days Outstanding shall be thirty-five (35) days until updated pursuant to Section 4.01(b)(i) of the Servicing Agreement.
Weighted Average Days Outstanding means the weighted average number of days FPL's monthly retail Customer Bills remain outstanding during the calendar year as determined from time to time by FPL.
Weighted Average Days Outstanding means the weighted average number of days Detroit Edison's monthly retail customer bills remain outstanding during the calendar year immediately preceding the calculation thereof pursuant to Section 4.01(b)(i) of the Servicing Agreement. The calculation of Weighted Average Days Outstanding pursuant to Section 4.01(b)(i) of the Servicing Agreement shall become effective on March 1 of each year. The initial Weighted Average Days Outstanding shall be 45 days until updated pursuant to Section 4.01(b)(i) of the Servicing Agreement.
Weighted Average Days Outstanding means the weighted average number of days Wisconsin Electric’s monthly bills to retail electric distribution customers remain outstanding during the calendar year immediately preceding the calculation thereof pursuant to Section 4.01(b)(i) or Section 4.01(b)(iii) of the Servicing Agreement. The initial Weighted Average Days Outstanding shall be [___] days until updated pursuant to Section 4.01(b)(i) or Section 4.01(b)(iii) of the Servicing Agreement.
Weighted Average Days Outstanding means the weighted average number of days The Cleveland Electric Illuminating Company’s monthly retail customer bills remain outstanding during the calendar year immediately preceding the calculation thereof pursuant to Section 4.01(b)(i). For all purposes of this Agreement, the calculation of Weighted Average Days Outstanding pursuant to Section 4.01(b)(i) shall become effective on January 1 and July 1 of each year. The initial Weighted Average Days Outstanding shall be 21 days until updated pursuant to Section 4.01(b)(i).