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.
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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.
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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.
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Examples of PACE Charge Lien in a sentence

  • Except as otherwise provided in any PACE Charge Lien Transfer Agreement, all cash available for distribution (after accounting for all other expenses of the Trust) shall be distributed to the Owner.

  • Any amounts paid to the Issuer Trustee or Wilmington Trust Company pursuant to this Article VIII, the Fee Agreement, Section 4.02 of the Purchase Agreements or the Assigned Purchase Agreements or Sections 3.06, 3.07 or 3.08 of one or more of the PACE Charge Lien Transfer Agreements shall at no time be included in the Trust Estate.

  • The Issuer Trustee also agrees to disburse all moneys actually received by it constituting part of the Trust Estate upon the terms of this Agreement and to disburse all moneys actually received by it in respect of a Transferred PACE Charge Lien upon the terms of the applicable PACE Charge Lien Transfer Agreement.

Related to PACE Charge Lien

  • Finance Charge Collections means Collections of Finance Charge Receivables.

  • Available Finance Charge Collections means, for any Monthly Period, an amount equal to the sum of (a) the Investor Finance Charge Collections for such Monthly Period, (b) the Series 2012-1 Excess Finance Charge Collections for such Monthly Period, (c) Principal Accumulation Investment Proceeds, if any, with respect to the related Transfer Date, (d) interest and earnings on funds on deposit in the Reserve Account which will be deposited into the Finance Charge Account on the related Payment Date to be treated as Available Finance Charge Collections pursuant to Section 4.10(a), and (e) amounts, if any, to be withdrawn from the Reserve Account which will be deposited into the Finance Charge Account on the related Transfer Date to be treated as Available Finance Charge Collections pursuant to Section 4.10(c).

  • Investor Finance Charge Collections means, with respect to any Distribution Date, an amount equal to (a) the product of (i) the Floating Allocation Percentage for the related Due Period and (ii) Allocable Finance Charge Collections deposited in the Collection Account for the related Due Period, minus (b) the aggregate amount of Servicer Interchange for the related Due Period.

  • Debt collection means the collection of unpaid tolls and applicable administrative fees by (i) 750 retention of a third-party debt collector or (ii) collection practices undertaken by employees of a toll 751 facility operator that are materially similar to a third-party debt collector.

  • Principal Collections means Collections of Principal Receivables.

  • Available Principal Collections means, with respect to any Monthly Period, an amount equal to the sum of (a) (i) an amount equal to the Principal Allocation Percentage of Series 2024-2 Allocable Principal Collections received during such Monthly Period minus (ii) the amount of Reallocated Principal Collections with respect to such Monthly Period which pursuant to Section 4.08 are required to fund the Required Amount for the related Distribution Date, (b) any Shared Principal Collections with respect to other Series that are allocated to Series 2024-2 in accordance with Section 4.04 of the Agreement and Section 4.11 of this Supplement, and (c) any other amounts which pursuant to Section 4.05 or 4.07 of this Supplement are to be treated as Available Principal Collections with respect to the related Distribution Date.

  • Indenture Collateral has the meaning set forth in the Granting Clause of the Indenture.