Commercial PACE definition

Commercial PACE means commercial property assessed clean energy.
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Commercial PACE means commercial property assessed clean energy. [PL 2021, c. 142, §1 (NEW).]
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Commercial PACE ordinance" means an ordinance adopted by the legislative body of a municipality for the purpose of participating in a commercial PACE program. [PL 2021, c. 142, §1 (NEW).]
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Examples of Commercial PACE in a sentence

  • Commercial PACE" means commercial property assessed clean energy.

  • Commercial PACE ordinance" means an ordinance adopted by the legislative body of a municipality for the purpose of participating in a commercial PACE program.

  • Commercial PACE financing may cover up to 100% of an energy savings improvement's costs, including audits, energy savings improvement development and application fees.[PL 2021, c.

  • Commercial PACE program" means a program established under this chapter by the trust, a 3rd party contracted by the trust or a municipality, under which commercial property owners can finance energy savings improvements on qualifying property.

  • Commercial PACE agreement" means an agreement that authorizes the creation of a commercial PACE assessment on qualifying property and that is approved in writing by all owners of the qualifying property at the time of the agreement.

  • Commercial PACE assessment" means an assessment made against qualifying property to finance an energy savings improvement.

  • A Commercial PACE Agreement entered into pursuant to the Commercial PACE Program must satisfy the minimum underwriting requirements of the Commercial PACE Act and such additional requirements established by the Trust.

  • A Commercial PACE Lien secures payment for any unpaid Commercial PACE Assessment and, together with all associated interest and penalties for default and associated attorney's fees and collection costs, takes precedence over all other liens or encumbrances except a lien for real property taxes of the municipality and liens of municipal sewer, sanitary and water districts.

  • SEIA would like to thank the array of contributors to this report, including: Jonathan Pickering, K2 Clean Energy Capital George Caraghiaur, PACENation Elyssa Rothe, PACENation Abby Johnson, Abacus Property Solutions John Kinney, CleanFund Commercial PACE Capital, Inc.

  • A notice of the Commercial PACE Agreement will be filed in the registry of deeds, which filing will create a lien until the amounts due under the agreement are paid in full.

Related to Commercial PACE

  • Commercial Paper means, with respect to any Conduit Investor, the promissory notes issued in the commercial paper market by or for the benefit of such Conduit Investor.

  • Commercial plan means a subcontracting plan (including goals) that covers the offeror’s fiscal year and that applies to the entire production of commercial items sold by either the entire company or a portion thereof (e.g., division, plant, or product line).

  • Commercial Item means a commercial item as defined in FAR 2.101.

  • Commercial loan means a loan that is not made primarily for

  • Commercial Bank means a bank, defined as a scheduled bank under section 2(e) of the Reserve Bank of India Act, 1934.

  • Commercial Service means water service provided by the water utility that the customer uses in the promotion of a business or business product that is a source of revenue or income to the customer or others using the premises.

  • Commercial vehicle means a motor vehicle, trailer, or semitrailer used or

  • Commercial Purposes means any commercial or profit generating purpose including the sale, lease of other transfer of the Material and includes uses of the Material by any organisation, including Recipient, to perform contract research, to produce or manufacture products for general sale, or to conduct research activities that result in any sale, lease, license, or transfer of the Material.

  • Commercial motor vehicle means a motor vehicle or combination of motor vehicles used in commerce to transport passengers or property if the motor vehicle: