New Construction Solar Asset Event Ratio definition

New Construction Solar Asset Event Ratio means, as of any Calculation Date, the ratio of (x) the aggregate Discounted Solar Asset Balance of all New Construction Solar Assets that do not, as of such Calculation Date, qualify as Eligible Solar Assets as a result of the failure to meet the requirements set forth in paragraphs 39 or 40 of Schedule I to (y) the aggregate Discounted Solar Asset Balance of all New Construction Solar Assets that have been Placed in Service. For the purposes of calculating the New Construction Solar Asset Event Ratio, any determination of whether a New Construction Solar Asset qualifies as an Eligible Solar Asset shall not take into account whether such New Construction Solar Asset fails to meet the requirements set forth on Schedule I other than the requirements set forth in paragraphs 39 or 40 thereof. The New Construction Solar Asset Event Ratio shall be included in each Facility Administrator Report.
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New Construction Solar Asset Event Ratio means, as of any Calculation Date, the ratio of (x) the aggregate Discounted Solar Asset Balance of all New Construction Solar Assets that do not, as of such Calculation Date, qualify as Eligible Solar Assets as a result of the failure to meet the requirements set forth in paragraphs 39 or 40 of Schedule I to (y) the aggregate Discounted Solar Asset Balance of all New Construction Solar Assets that have been Placed in Service. For the purposes of calculating the New Construction Solar Asset Event Ratio, any determination of whether a New Construction Solar Asset qualifies as an Eligible Solar Asset shall not take into account whether such New Construction Solar Asset fails to meet the requirements set forth on Schedule I other than the requirements set forth in paragraphs 39 or 40 thereof. The New Construction Solar Asset Event Ratio shall be included in each Facility Administrator Report. “New Construction Solar Asset (Non-Identified Customer)” shall mean a New Construction Solar Asset with respect to which a Solar Service Agreement has not yet been signed and delivered to the Verification Agent.
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Related to New Construction Solar Asset Event Ratio

  • Construction Completion Date means the Completion Date of the Construction as specified in the Statutory Declaration of Completion for the Project;

  • Project Completion Date means the date on which the Completion Certificate is issued;

  • Erection, construction, remodeling, repairing means all types of work done on a particular building or work at the site thereof in the construction or development of the project, including without limitation, erecting, construction, remodeling, repairing, altering, painting, and decorating, the transporting of materials and supplies to or from the building or work done by the employees of the Contractor, Subcontractor, or Agent thereof, and the manufacturing or furnishing of

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  • construction site means a workplace where construction work is being performed;

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  • Substantial Completion Date means the date on which Substantial Completion occurs.

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