PACE Loan means (x) any “Property-Assessed Clean Energy loan” or (y) any other indebtedness, without regard to the name given to such indebtedness, which is (i) incurred for improvements to the Property for the purpose of increasing energy efficiency, increasing use of renewable energy sources, resource conservation, or a combination of the foregoing, and (ii) repaid through multi-year assessments against the Property.
PACE Loan means a loan made by a PACE lender to a borrower under this Section for energy efficiency improvements, water efficiency improvements, or renewable resource applications made to or installed on a subject property.
PACE Loan means any Property-Assessed Clean Energy loan or any similar financing.
Examples of PACE Loan in a sentence
The lien resulting from any unpaid and delinquent PACE loan payments would have property tax lien status.
The loan documents permit the borrower to enter into a property-assessed clean energy (PACE) loan for an amount not to exceed $5,000,000, subject to the related Mortgagee’s approval and delivery of a rating agency confirmation.
More Definitions of PACE Loan
PACE Loan means a loan made by a PACE lender to a borrower under this section for energy- efficiency improvements made to a commercial property.
PACE Loan means any assessment, bond, loan, financing, or other debt incurred pursuant to “property assessed clean energy, “special energy financing district,” or similar provisions of applicable laws.
PACE Loan means a loan, secured by a PACE mortgage, made to the owner(s) of a qualifying property pursuant to a PACE program to fund energy saving improvements.
PACE Loan means (a) any "Property‑Assessed Clean Energy" loan or (b) any other indebtedness, without regard to the name given thereto, which is (i) incurred for improvements to the Property for the purpose of increasing energy efficiency, increasing use of renewable energy sources, resource conservation, or a combination of the foregoing, and (ii) repaid through multi‑year assessments against the Property.
PACE Loan means a loan made by a PACE lender to a borrower under this section for brownfield remediation, electric car infrastructure, energy-efficiency measures, renewable energy projects, water service line replacement and water efficiency improvements made to a commercial property.
PACE Loan means a loan made by a PACE lender to a borrower under this section for
PACE Loan means a loan made under a Commercial PACE Program by a PACE Lender to a PACE Borrower to finance Qualifying Improvements to a Commercial Property.