Benefit assessment definition

Benefit assessment means the assessment authorized by this section;

Benefit assessment means, as of the date a Finance Agreement is executed, the charge assessed against the Qualified Property, as such assessment may be modified pursuant to Section 4(d) of this Agreement, and as otherwise provided in the Finance Agreement.

Benefit assessment means an assessment authorized by the C-PACE Legislation. In an event of a conflict between this definition and that which is ascribed in the C-PACE Legislation, the C-PACE Legislation shall govern.

Examples of Benefit assessment in a sentence

• The Payment Schedule is based on the principal amount of the Benefit Assessment of $ , including any capitalized interest or any additional fees and expenses pursuant to the Financing Agreement, with interest thereon at the rate set forth in the Financing Agreement and with installments of principal and interest coming due as set forth in the Payment Schedule.

• Green Bank shall be responsible for promptly recording the assignment of the Benefit Assessment Lien in the applicable land records, with the costs of recording to be paid by Capital Provider.

• Except as provided in this Agreement, neither party may assign or delegate its respective rights or obligations hereunder without the prior written consent of the other party which consent shall not be unreasonably withheld, provided that Capital Provider may assign this Agreement upon notice to Green Bank, any executed assignment of this Agreement or the Benefit Assessment Lien by either Party shall be promptly provided to the other Party.

• If the Benefit Assessment Lien is assigned, pledged or otherwise transferred by the Capital Provider then this Agreement shall also be assigned to the assignee and holder of the Benefit Assessment Lien.

• This Agreement constitutes an assignment of future Benefit Assessments and their related Benefit Assessment Liens and shall in no way be construed as an extension of credit by Capital Provider to Green Bank.

More Definitions of Benefit assessment

Benefit assessment means the assessment authorized by the Act.

Benefit assessment means a voluntary property assessment or other government service fee assessment, as authorized by this section, which is the mechanism through which a commercial property owner repays the financing for the qualifying energy improvements;

Benefit assessment means a voluntary property assessment or other government service fee

Benefit assessment means any levy or charge by an agency upon real property that is based on the special benefit conferred upon the real property by a public improvement or service, that is imposed to pay the capital cost of the public improvement, the maintenance and operation expenses of the public improvement, or the cost of the service being provided. New or increased benefit assessments require approval of a weighted majority of property owners through a majority protest proceeding consistent with the requirements of Article XIIID of the California Constitution, as described in Government Section 53753 et seq., or successor statute.

Benefit assessment means an assessment, of the same dignity and treatment and collected in the same manner as a municipal tax, levied by a government against a qualifying residential real property receiving the benefit of qualifying improvements as authorized by this section;

Benefit assessment means the assessment authorized by

Benefit assessment has the meaning ascribed to it in section 5.1 of this Agreement.