Assessment Term. The term of the special assessment shall be from the date that the interest accrual begins in 2.01 (a) until the Assessment Amount is paid in full, or 15 years after the Assessment Amount is levied against the Property.
Assessment Term. The PACE Assessment Term is at the discretion of the Property Owner and Capital Provider, provided that the term does not exceed the weighted average useful life of the measures. Interest Rate: The Interest Rate shall be determined at the discretion of the Capital Provider. Rate adjustments based on a predetermined spread over a given index are allowed, provided that the frequency of resets, the index to be used, and the spread above that index are agreed to at the time of closing by the Capital Provider and Property Owner and codified in the PACE Funding Agreement. Capital Provider Origination Fee: Capital Providers may charge an Origination Fee at their discretion. Legal & Transaction Fees: The Capital Provider may require that the Property Owner pay all legal and other transaction fees. These costs may be capitalized into the Financed Amount and paid at closing.
Assessment Term. Only if not paid pursuant to 3.01(e), the term of the special assessment shall be from the date that the interest accrual begins in 2.01(c) until the Deferred Assessment Amount is paid in full, or five (5) years after the Deferred Assessment Amount is levied against the Property.
