PACE Charge Lien definition

PACE Charge Lien means a lien upon the Property benefitted by a Loan due to the non- payment of a PACE Charge on a Statement of Account. Year.‌
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PACE Charge Lien. A PACE Charge that is unpaid when due, subject to the provisions of Title 11, Chapter 30 of the City Admin. Code, and which is being acquired by the Issuer pursuant to a PACE Charge Lien Direct Sale Purchase Agreement or is being transferred to the Issuer pursuant to a PACE Charge Lien Transfer Agreement.
Sample 1
PACE Charge Lien means a PACE Charge that is unpaid when due, subject to the provisions of Title 11, Chapter 30 of the New York City Administrative Code, and which is acquired by the Trust pursuant to a PACE Charge Lien Direct Sale Purchase Agreement or is transferred to the Trust in name only pursuant to a PACE Charge Lien Transfer Agreement.
Sample 1

Examples of PACE Charge Lien in a sentence

  • On a quarterly basis, the Trust shall provide the Lien Owner a detailed itemization of taxes, interest, surcharges, and fees in respect of, and amounts collected on, any PACE Charge Lien that has been transferred or sold to the Trust.

  • If a global PACE Charge Lien Certificate is delivered in connection with the transfer or sale of PACE Charge Liens to the Trust, the Lien Owner shall, upon request by the Trust or its designee, cooperate with the Trust and/or its designee in exchanging such global PACE Charge Lien Certificate for confirmatory individual PACE Charge Lien Certificates.