PACE property definition

PACE property or "property" means any residential property or commercial
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PACE property means any property which is the subject of a written agreement
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PACE property or "property" means any commercial property which is the subject of an approved application for a PACE project filed pursuant to Chapter 39-26.5 of the Rhode Island General Laws and the rules and regulations promulgated by RIIB thereunder.
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Examples of PACE property in a sentence

  • The Program requires that each Partner implement procedures for responding to requests for prepayment of their PACE property tax assessment in a timely and complete manner, matters regarding impound account catch up payments, payment timing inquiries and payment amount reconciliation among others.

  • It is also the policy of the Program that the Partner implement procedures for responding to requests for partial or full prepayment of their PACE property tax assessment in a timely and complete manner.

  • It is also the policy of the Program that the Partner implement procedures for responding torequests for partial or full prepayment of their PACE property tax assessment in a timely and complete manner.

  • The RI C-PACE assessment will be placed on a RI C-PACE property owner’s property tax or other municipal bill in which the PACE property is located, collected by the RI C-PACE municipality and/or third-party entity acting on behalf of the municipality and remit those funds to Bank to be remitted to the capital provider.

  • The PACE assessment shall be owed by the current owner of the related PACE property as of the time each PACE assessment comes due.

  • Employees may not use any PACE property or proprietary information learned in the course of employment at PACE for personal financial gain or to compete with PACE.

  • Using PACE, property owners or a group of property owners may obtain financing to pay for special clean energy projects or servicesinvolving solar photovoltaic, solar thermal, geothermal, wind, biomass, gasification and energy efficiency.

  • In this structure, the PACE property tax assessment is used to collect a lease payment of services fee.

  • The manufacture, distribution, possession, sale, or purchase of controlled substances of abuse on PACE property is prohibited.

  • Ultimately, the energy efficiency improvements reduce operating costs of the property and improve the property’s value, ideally offsetting the overall cost of the PACE property assessment.43 PACE is referred to as R-PACE when used for residential properties and C-PACE when used for commercial properties.


More Definitions of PACE property

PACE property or “property” means any dwelling or commercial property which
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PACE property or "property" means any commercial property which is the subject of an approved application for a PACE project filed pursuant to this chapter.
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Related to PACE property

  • Condominium Property means the lands, leaseholds, and personal property that are subjected to condominium ownership, whether or not contiguous, and all improvements thereon and all easements and rights appurtenant thereto intended for use in connection with the condominium.

  • Project Property means the real property on or for which preconstruction service or construction work is or will be provided.

  • the Property means the Property more particularly described in Condition 2 of the Conditions of Sale (as defined in 1.6 below);

  • Subject Property means any premises located in the County on which an energy efficiency improvements, water efficiency improvements, or renewable resource applications are being or have been made and financed through an outstanding PACE loan.

  • Scheme Property means the property of the Company required under the FCA Rules to be given for safe-keeping to the Depositary.

  • Condominium Project Real estate including the separate ownership in fee, or on a satisfactory leasehold estate, of a particular residential unit with an indivisible interest in the real estate designated for common ownership strictly by unit owners.

  • Mixed-use property means an eligible property that includes three or more residential units and may also contain a commercial property component in the same building.

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Release Property has the meaning set forth in Section 2.5.

  • the Land means the land (including for the avoidance of doubt all buildings, structures landscaping and other erections) situated at and known as Xxx Xxxx Xxxxxx Xxxxxxx Xxxx Xxxxx Xxxxxxxx XX0 0XX;

  • Income Property means, in respect of each Sub-Fund, (a) all interest, dividends and other sums deemed by the Trustee, (after consulting the auditors either on a general or case by case basis), to be in the nature of income (including taxation repayments, if any) received or receivable by the Trustee in respect of the Deposited Property of the relevant Sub-Fund (whether in cash or, without limitation, by warrant, cheque, money, credit or otherwise or the proceeds of sale or transfer of any Income Property received in a form other than cash); (b) all interest and other sums received or receivable by the Trustee in respect of (a), (c) or (d) of this definition; (c) all cash payments received or receivable by the Trustee for the account of the relevant Sub-Fund in respect of an Application; and (d) all Cancellation Compensation received by the Trustee for the account of the relevant Sub-Fund; (e) any payments to be received or are receivable by the Trustee under any contractual agreements in the nature of investments for the benefit of the relevant Sub-Fund but excluding (i) the Deposited Property; (ii) any amount for the time being standing to the credit of the distribution account for the account of the relevant Sub-Fund or previously distributed to Unitholders; (iii) gains for the account of the relevant Sub-Fund arising from the realisation of Securities; and (iv) any sums applied towards payment of the fees, costs and expenses payable by the Trust from the Income Property of the relevant Sub-Fund;

  • Common Property means any and all real and personal property and easements and other interests therein, together with the facilities and improvements located thereon, now or hereafter owned by the Association for the common use and enjoyment of the Owners.

  • Hotel Property means a Property on which there is located an operating hotel.

  • Project means the goods or Services described in the Signature Document or a Work Order of this Contract.

  • Mortgaged Property shall have the meaning assigned to such term in the recitals.

  • DOCPROPERTY DocID" \* MERGEFORMAT 22518942.2 238213-10001 5

  • Foreclosure Property shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

  • Cooperative Property The real property and improvements owned by the Cooperative Corporation, including the allocation of individual dwelling units to the holders of the Coop Shares of the Cooperative Corporation.

  • The Properties means and refer to all such existing properties, and additions thereto, as are subject to this Declaration or any Supplemental Declaration under the provisions of Article II hereof.

  • College property means any property owned, leased, or controlled by a member college of the Virginia Community College System and the administrative office of the Virginia Community College System.

  • Mortgaged Premises means any real property which shall now or hereafter be subject to a Notes Mortgage.

  • Leased Property shall have the meaning given such term in Section 2.1.

  • Substitute Property shall have the meaning set forth in Section 2.6 hereof.

  • Project site, where applicable, means the place indicated in bidding documents.

  • Adjoining Property means all sidewalks, driveways, curbs, gores and vault spaces adjoining any of the Leased Premises.

  • Improved Property means any property upon which there is erected a structure intended for continuous or periodic habitation, occupancy or use by human beings or animals and from which structure Sanitary Sewage and/or Industrial Wastes shall be or may be discharged.