New Construction Solar Assets. If such Solar Asset is a New Construction Solar Asset: a. with respect to a New Construction Solar Asset (Non-Identified Customer), the agreement with the related Homebuilder and guarantor thereof (if any) is (i) a legal, valid and binding obligation of the parties thereto, and (ii) in full force and effect in accordance with its respective terms, except as may be limited in the future by applicable bankruptcy, reorganization, insolvency, moratorium or other laws affecting creditors’ rights generally, and except as such enforceability may be limited in the future by general principles of equity (whether considered in a suit at law or in equity); and b. such New Construction Solar Asset may only be owned by SAP if it has been Placed in Service.
Appears in 7 contracts
Samples: Credit Agreement (Sunnova Energy International Inc.), Credit Agreement (Sunnova Energy International Inc.), Credit Agreement (Sunnova Energy International Inc.)
New Construction Solar Assets. If such Solar Asset is a New Construction Solar Asset:
a. with respect to a New Construction Solar Asset (Non-Identified Customer), the agreement with the related Homebuilder and guarantor thereof (if any) is (i) a legal, valid and binding obligation of the parties thereto, and (ii) in full force and effect in accordance with its respective terms, except as may be limited in the future by applicable bankruptcy, reorganization, insolvency, moratorium or other laws affecting creditors’ rights generally, and except as such enforceability may be limited in the future by general principles of equity (whether considered in a suit at law or in equity); and
b. such New Construction Solar Asset may only be owned by SAP if it has been Placed in Service.. Schedule I-16
Appears in 1 contract
Samples: Second Amended and Restated Credit Agreement (Sunnova Energy International Inc.)
