Common use of Prepayment/Yield Maintenance Clause in Contracts

Prepayment/Yield Maintenance. The C-PACE Financing Amount may not be prepaid, in whole or in part, without payment of a Pre-payment Premium based on the following schedule/formula: Pre-payment within five years of the Repayment Start Date ([INSERT]%) Pre-payment after five years of the Repayment Start Date but within ten years of the Repayment Start Date ([INSERT]%) Pre-payment after ten years of the Repayment Start Date ([INSERT]%) or add Yield Maintenance or other agreed prepayment formula Capital Provider Expenses: On the Closing Date, Property Owner shall reimburse Capital Provider [$ INSERT] for payment of its attorneys’ fees, title insurance premiums and expenses, recording costs, and other expenses associated with the Closing of the transaction described in the Agreement. The Capital Provider Expenses are included in the C-PACE Financing. Amounts payable to the City: On the Closing Date, Property Owner shall pay the following C-PACE Program administration fee amount to the City, or its designee, in connection with the Agreement, which amount is included in the C-PACE Financing and described in the schedule attached to the Resolution: City Program Administration Fee: [$ INSERT] City Additional Expenses: [$ INSERT] Failure to Close Fee: [$ INSERT] Upfront Reserves/Accounts: [CONSIDER IF ANY DEBT SERVICE RESERVES COULD BE FUNDED–FOR EXAMPLE, DURING CONSTRUCTION.]

Prepayment/Yield Maintenance. The C-PACE Financing Amount may not be prepaid, in whole or in part, without payment of a Pre-payment Premium based on the following schedule/formula: Pre-payment within five years of the Repayment Start Date ([INSERT]%) Pre-payment after five years of the Repayment Start Date but within ten years of the Repayment Start Date ([INSERT]%) Pre-payment after ten years of the Repayment Start Date ([INSERT]%) or add Yield Maintenance or other agreed prepayment formula Capital Provider Expenses: On the Closing Date, Property Owner shall reimburse Capital Provider [$ INSERT] for payment of its attorneys’ fees, title insurance premiums and expenses, recording costs, and other expenses associated with the Closing of the transaction described in the Agreement. The Capital Provider Expenses are included in the C-PACE Financing. Amounts payable to the City: On the Closing Date, Property Owner shall pay the following C-PACE Program administration fee amount to the City, or its designee, in connection with the Agreement, which amount is included in the C-PACE Financing and described in the schedule attached to the Resolution: City Program Administration Fee: [$ INSERT] City Additional Expenses: [$ INSERT] Failure to Close Fee: [$ INSERT] Upfront Reserves/Accounts: [CONSIDER IF ANY DEBT SERVICE RESERVES COULD BE FUNDED–FOR EXAMPLE, DURING CONSTRUCTION.] Agreed Calculation Date: The Agreed Calculation Date shall be the agreed date of [INSERT].

Prepayment/Yield Maintenance. The C-PACE CoPACE Financing Amount may not be prepaid, in whole or in part, without payment of a Pre-payment Premium based on the following schedule/formula: {Pre-payment within five years of the Repayment Start Date ([INSERT]%) 5%} {Pre-payment after five years of the Repayment Start Date but within ten years of the Repayment Start Date ([INSERT]%) 3%} {Pre-payment after ten years of the Repayment Start Date ([INSERT]%) 0%} {or add Yield Maintenance or other agreed prepayment formula formula} Capital Provider Expenses: On the Closing Date, Property Owner shall reimburse Capital Provider [{$ INSERT] } for payment of its attorneys’ fees, title insurance premiums and expenses, recording costs, and other expenses associated with the Closing of the transaction described in the Agreement. The Capital Provider Expenses are included in the C-PACE CoPACE Financing. Amounts payable to the CityDistrict and County: On the Closing Date, Property Owner shall pay the following C-PACE Program administration fee amount amounts to the CityDistrict to reimburse the District and any County Expenses, or its designeeif any, for their expenses in connection with the Agreement, which amount is amounts are included in the C-PACE CoPACE Financing and described in the schedule attached to the Resolution: City Program Administration Fee: [$ INSERT] City Additional District Expenses: [$ INSERT] { } District Legal Expenses: { } Failure to Close Fee: [$ INSERT] {SPECIFY} Upfront Reserves/Accounts: [CONSIDER IF ANY DEBT SERVICE RESERVES COULD BE FUNDED–FOR EXAMPLE{Consider if any debt service reserves could be funded – for example, DURING CONSTRUCTIONduring construction.]} Agreed Calculation The Agreed Calculation Date shall be the agreed date of Date: , 20 .

Prepayment/Yield Maintenance. The C-PACE Financing Amount may not be prepaid, in whole or in part, without payment of a Pre-payment Premium based on the following schedule/formula: Pre-payment within five years of the Repayment Start Date ([INSERT]%) Pre-payment after five years of the Repayment Start Date but within ten years of the Repayment Start Date ([INSERT]%) Pre-payment after ten years of the Repayment Start Date ([INSERT]%) or add Yield Maintenance or other agreed prepayment formula Capital Provider Expenses: On the Closing Date, Property Owner shall reimburse Capital Provider [$ INSERT] for payment of its attorneys’ fees, title insurance premiums and expenses, recording costs, and other expenses associated with the Closing of the transaction described in the Agreement. The Capital Provider Expenses are included in the C-PACE Financing. Amounts payable to the City: On the Closing Date, Property Owner shall pay the following C-PACE Program administration fee amount to the City, or its designee, in connection with the Agreement, which amount is included in the C-PACE Financing and described in the schedule attached to the Resolution: City Program Administration Fee: [$ INSERT] City Additional Expenses: [$ INSERT] $750.00. Failure to Close Fee: [$ INSERT] Upfront Reserves/Accounts: [CONSIDER IF ANY DEBT SERVICE RESERVES COULD BE FUNDED–FOR EXAMPLE, DURING CONSTRUCTION.]

Prepayment/Yield Maintenance. The C-PACE Financing Amount may not be prepaid, in whole or in part, without payment of a Pre-payment Premium based on the following schedule/formula: Pre-payment within five years of the Repayment Start Date ([INSERT]%) Pre-payment after five years of the Repayment Start Date but within ten years of the Repayment Start Date ([INSERT]%) Pre-payment after ten years of the Repayment Start Date ([INSERT]%) or add Yield Maintenance or other agreed prepayment formula Capital Provider Expenses: On the Closing Date, Property Owner shall reimburse Capital Provider [$ INSERT] for payment of its attorneys’ fees, title insurance premiums and expenses, recording costs, and other expenses associated with the Closing of the transaction described in the Agreement. The Capital Provider Expenses are included in the C-PACE Financing. Amounts payable to the City: On the Closing Date, Property Owner shall pay the following C-PACE Program administration fee amount to the City, or its designee, in connection with the Agreement, which amount is included in the C-PACE Financing and described in the schedule attached to the Resolution: City Program Administration Fee: [$ INSERT] City Additional Expenses: [$ INSERT] $750.00. Failure to Close Fee: [$ INSERT] Upfront Reserves/Accounts: [CONSIDER IF ANY DEBT SERVICE RESERVES COULD BE FUNDED–FOR EXAMPLE, DURING CONSTRUCTION.] Agreed Calculation Date: The Agreed Calculation Date shall be the agreed date of [INSERT].