Eligible Green Projects definition

Eligible Green Projects means projects intended to reduce carbon emissions or provide other environmental

Eligible Green Projects means projects as defined in the following categories:

Eligible Green Projects means projects relating to the transmission of renewable electricity from offshore wind power plants into the onshore electricity grid using direct current technology or alternating current technology.

Examples of Eligible Green Projects in a sentence

• In the event of any failure to apply the proceeds of the Loan in connection with Eligible Green Projects, or failure to meet, or continue to meet the eligibility criteria, or any other criteria under the Framework, the Borrower undertakes to replace such assets or projects with other Eligible Green Projects under the Framework.

• Borrower will monitor the Eligible Green Projects Ratio on a regular basis and ensure that, as of the date of delivery of each Borrowing Base Certificate and Facility Administrator Report, the Eligible Green Projects Ratio remains greater than or equal to 1.10x.

• The proceeds of the Loan shall be used for the financing and/or refinancing, in whole or in part, Eligible Green Projects for the Borrower in accordance with prescribed eligibility criteria set out in the Iberdrola Framework for Green Financing (the “Framework”) and the Avangrid Framework for Green Financing.

• Pending the full allocation of the Green Loan’s proceeds to Eligible Green Projects, Borrower will hold and/or invest the balance of proceeds not yet allocated at its own discretion as per its liquidity management policy, including hold in cash or cash equivalents, overnight or other short-term financial instruments.

• The Eligible Green Projects are aligned with Borrower’s sustainability and business strategy centered around helping customers electrify all aspects of their lives through solar energy systems, energy storage systems and related products and 118556040.20118095118.53 -131- [***] = 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.

More Definitions of Eligible Green Projects

Eligible Green Projects means projects relating to the transmission of renewable electricity from offshore wind power plants into the onshore electricity grid using direct current technology or alternating current technology and/or the development, construction and reconstruction of the onshore electricity grid to enhance the transmission capacity for renewable energy.

Eligible Green Projects means projects within the following eligible categories: (i) renewable energy;

Eligible Green Projects means: (i) investments in acquisitions of buildings; (ii) building developments or redevelopments; (iii) renovations in existing buildings; and (iv) tenant improvement projects, in each case, that have received, or are expected to receive, in the three years prior to the issuance of the Notes or during the term of the Notes, a Leadership in Energy and Environmental Design (LEED) Silver, Gold or Platinum certification (or environmentally equivalent successor standards).

Eligible Green Projects means eligible energy efficiency measures or other environmentally sustainable projects as described in the Green Bond Framework.

Eligible Green Projects means each of the following three grid projects as further specified under (i) through (iii) below and the hydropower plant project as further specified under (iv) below:

Eligible Green Projects means the Borrower’s projects which comply with the eligibility criteria from time to time as set out in the Iberdrola Framework for Green Financing (available at Iberdrola Framework for Green Financing) and the Avangrid Framework for Green Financing (available at xxxxx://xxx.xxxxxxxx.xxx/investors/investors/greenfinancing).

Eligible Green Projects means projects falling under the “Green eligible categories” of energy efficiency, renewable energy, sustainable water management or sustainable waste management, each as further described in the Bank’s Global Sustainable Bond Framework and Green Bond Framework, and any other “green” projects set out in the ICMA Green Bond Principles from time to time.