PACE Charge definition

PACE Charge means the Property Assessed Clean Energy improvement tax levied on the property pursuant to s.81A of the Municipal Government Act.
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PACE Charge. An amount charged to a Property Owner as payment due under the related PACE Loan.
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PACE Charge means the amount due on a Statement of Account, pursuant to the Program Financing Agreement, in furtherance of repayment of the Loan.
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Examples of PACE Charge in a sentence

  • Any remaining PACE Charge Lien shall be reconveyed to the related PACE Charge Lien Owner in accordance with the PACE Charge Lien Transfer Agreement.

  • For the avoidance of doubt, partial payments received by the Servicer from a Property Owner shall not be applied to PACE Charge Liens until all other tax lien components have been paid in full.

  • This Servicing Agreement shall be effective as of the date hereof and shall terminate when the aggregate outstanding Tax Lien Principal Balance of the Tax Liens (other than the PACE Charge Liens) has been reduced to zero.

  • The Servicing Fee with respect to the Tax Liens (other than the PACE Charge Liens) serviced hereunder is set forth in Exhibit C-1 attached hereto, the Servicing Fee with respect to the PACE Charge Liens serviced hereunder is set forth in Exhibit C-2 attached hereto.

  • In connection with any such liquidation, any Transferred PACE Charge Liens shall be reconveyed to the related PACE Charge Lien Owner in accordance with the related PACE Charge Lien Transfer Agreement.

  • The Bank shall notify the Servicer as to properties which are subject to Tax Liens owned by the Issuer and/or a PACE Charge Lien Owner and such other trusts.


More Definitions of PACE Charge

PACE Charge means the local improvement charge levied on the property pursuant to section 81A of the Nova Scotia Municipal Government Act, and is equal to the value of the Approved eligible upgrade(s) plus the Program Service Fee, up to the Maximum Eligible Amount;
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Related to PACE Charge

  • Service Charge means the amount charged for making a service available on line and is in addition to the actual fee for a service itself. For example, one who renews a license on line will pay the license renewal fee and a service charge.

  • Finance charge means that term as defined in section 106 of the truth in lending act, 15 USC 1605.

  • Service Charges means the fees levied by the municipality in terms of its tariff policy for any municipal services rendered in respect of an immovable property and includes any penalties, interest or surcharges levied or imposed in terms of this policy.

  • Annual Debt Service Charge as of any date means the amount which is expensed in any 12-month period for interest on Debt of the Company and its Subsidiaries.

  • Usage Charges means the Charges for the Service or applicable part of the Service that are calculated by multiplying the volume of units that the Customer used or incurred in a period (e.g. number of users using the Service, or the number of minutes the Service was used for) with the relevant fee that is specified in the Online Order.

  • Finance Charges means, with respect to a Contract, any finance, interest, late payment charges or similar charges owing by an Obligor pursuant to such Contract.

  • Minimum Charge means the higher of the rate minimum and the rate applied to the Contracted Minimum Demand;

  • Track Charges means the charges payable by or on behalf of the Train Operator to Network Rail, as set out in paragraph 1 of Part 2 of Schedule 7 or under the Traction Electricity Rules;

  • Energy Charge means a charge for each kilowatt-hour (kWh) of electrical energy;

  • Net Finance Charges means, for the Reference Period, the Finance Charges according to the latest Financial Report(s), after deducting any interest payable for that Reference Period to any member of the Group and any interest income relating to cash or cash equivalent investment.

  • Variable Charge means the charge that varies according to kgtm and is calculated in accordance with the formula set out in paragraph 2.2.1, summed across all Services;