Aggregate Discounted Solar Asset Balance means, as of any date of determination, the sum of the Discounted Solar Asset Balances of all Solar Assets as of such date of determination.
Aggregate Discounted Solar Asset Balance means, on any date of determination, the sum of all of the Discounted Solar Asset Balances for the Managing Member Interests. Any Managing Member Interests that would otherwise be duplicated in computing this sum shall only be counted once. For the avoidance of doubt, the Aggregate Discounted Solar Asset Balance shall not include any amounts attributable to Solar Assets Service Incentives, Grid Services Revenue, SREC Proceeds or SREC Direct Sale Proceeds or, prior to the completion of satisfactory due diligence and approval by the Agent (such approval to be made in its sole discretion).
Aggregate Discounted Solar Asset Balance means, on any date of determination, the sum of the Discounted Solar Asset Balances for the Managing Member Interests, the SAP Solar Assets and any Hedged SREC Solar Assets. Any Managing Member Interests, SAP Solar Assets or Hedged SREC Solar Assets that would otherwise be duplicated in computing this sum shall only be counted once. For the avoidance of doubt, the Aggregate Discounted Solar Asset Balance shall not include any amounts attributable to Service Incentives, Grid Services Revenue, Excess SREC Proceeds or SREC Direct Sale Proceeds or, prior to the completion of satisfactory due diligence and approval by the Administrative Agent (such approval to be made in its sole discretion), New Jersey TRECs or MA SMART Revenue.
Examples of Aggregate Discounted Solar Asset Balance in a sentence
To the Borrower’s Knowledge, Customer Agreements comprising no more than 1% of the Aggregate Discounted Solar Asset Balance are related to Host Customers that are employees of a Spruce Party or the Provider or any of their respective Affiliates.
More Definitions of Aggregate Discounted Solar Asset Balance
Aggregate Discounted Solar Asset Balance means, as of any date of determination, an amount equal to the sum of the Discounted Solar Asset Balances for all Solar Assets which are Eligible Solar Assets owned by a Wholly-Owned Subsidiary or a Tax Equity Opco as of such date of determination.
Aggregate Discounted Solar Asset Balance means, on any date of determination, the sum of the Discounted Solar Asset Balances for the Managing Member Interests, the SAP Solar Assets and any Hedged SREC Solar Assets. Any Managing Member Interests, SAP Solar Assets or Hedged SREC Solar Assets that would otherwise be duplicated in computing this sum shall only be counted once. For the avoidance of doubt, the Aggregate Discounted Solar Asset Balance shall not include any amounts attributable to Service Incentives, Grid Services Revenue, ITC Transfer Proceeds, Excess SREC Proceeds or SREC Direct Sale Proceeds or, prior to the completion of satisfactory due diligence and approval by the Administrative Agent (such approval to be made in its sole discretion), New Jersey TRECs or MA SMART Revenue.
Aggregate Discounted Solar Asset Balance means, on any date of determination, the sum of all of the Discounted Solar Asset Balances for the Managing Member Interests. Any Managing Member Interests that would otherwise be duplicated in computing this sum shall only be counted once. For the avoidance of doubt, the Aggregate Discounted Solar Asset Balance shall not include any amounts attributable to Solar Assets Service Incentives, Grid Services Revenue, SREC Proceeds or SREC Direct Sale Proceeds or, prior to the completion of satisfactory due diligence and approval by the Agent (such approval to be made in its sole discretion). [***] = Certain information has been excluded from this exhibit because it is both not material and would likely cause harm to the company if publicly disclosed.
Aggregate Discounted Solar Asset Balance means, as of any date of determination, the sum of the Discounted Solar Asset Balances of all Solar Assets as of such date of determination. [***] = Certain information has been excluded from this exhibit because it is both not material and would likely cause competitive harm to the company if publicly disclosed.
Aggregate Discounted Solar Asset Balance means, as of any date of determination, an amount equal to the sum of the Discounted Solar Asset Balances for all Solar Assets which are Eligible Solar Assets owned by a Wholly-Owned Subsidiary or a Tax Equity Opco as of such date of determination. “Aggregate Outstanding Advances” means, as of any date of determination, the sum of the aggregate principal balance of all Advances outstanding as of such date of determination. “Agreement” has the meaning set forth in the introductory paragraph hereof. “Allocated Services Provider Fees” means for a Solar Asset with respect to each calendar month in the initial term of the related Customer Agreement, the product of (1) 1/12 and (2) the DC kW of installed nameplate capacity of the related PV System and (3) the Allocated Services Provider Fee Base Rate for such Solar Asset. “Allocated Services Provider Fee Base Rate” shall be (i) for a Solar Asset without an energy storage device, an amount equal to $[***] and on each January Determination Date commencing in January 2025 shall be increased by 3.00% and (ii) for a Solar Asset with an energy storage device, an amount equal to $[***] and on each January Determination Date commencing in January 2025 shall be increased by 3.00%. “Amortization Period” means the period commencing at the end of the Availability Period (which may end and the Availability Period may re-start in certain circumstances when an Early Amortization Event is cured in accordance with the definition thereof). “Amortization Period Margin” means (i) with respect to any Advance (or portion thereof) actually funded by an Approved Commercial Paper Rate Conduit Lender through the issuance of Commercial Paper, for any Interest Accrual Period (or portion thereof) occurring during an Amortization Period when an Event of Default is not continuing, 3.35% per annum, and (ii) for all other Advances (or portions thereof), for any Interest Accrual Period (or portion thereof) occurring during an Amortization Period when an Event of Default is not continuing, 3.65% per annum. “A.M. Best” means A. M. Best Company, Inc. and any successor rating agency.
Aggregate Discounted Solar Asset Balance means on any date of determination, the sum of the Discounted Solar Asset Balances of all Borrowing Base Solar Loans; provided that