PBI Payments definition

PBI Payments means, with respect to a PV System and the related PBI Documents, all payments due by the related PBI Obligor under or in respect of such PBI Documents, including New Jersey TRECs and MA SMART Revenue; provided, that PBI Payments do not include Rebates, Hedged SRECs, amounts received, if any, in respect of Hedged SRECs, Service Incentives, Grid Services Revenue or ITC Transfer Proceeds.

PBI Payments means, with respect to a PV System and the related PBI Documents, all payments due by the related PBI Obligor under or in respect of such PBI Documents; provided that PBI Payments do not include Rebates, Hedged SRECs or SRECs or amounts received, if any, in respect of SRECs or Hedged SRECs.

PBI Payments means, with respect to a Project and the related PBI Documents, all payments due by the related PBI Obligor under or in respect of such PBI Documents.

Examples of PBI Payments in a sentence

• After the Lease Term, your Periodic Payment will increase if your PBI Payments increase.

• After the Initial Term, your Quarterly Payment will increase if your PBI Payments increase.

• The transfer, assignment and pledge of the rights to the PBI Payments is not subject to and will not result in any tax, fee or governmental charge payable by the Borrower to any federal, state or local government, except as paid.

• Except with respect to Substantial Stage Solar Assets and Final Stage Solar Assets, all applications, forms and other filings required to be submitted in connection with the procurement of PBI Payments have been properly made in all material respects under applicable law, rules and regulations and the related PBI Obligor has provided a written reservation approval (which may be in the form of electronic mail from the related PBI Obligor) for the payment of PBI Payments.

• The PBI Payments are not subject to any law, rule or regulation which would make unlawful the sale, transfer, pledge or assignment of any rights to the PBI Payments within the regulations set forth with respect to such PBI Payments.

More Definitions of PBI Payments

PBI Payments means, with respect to a PV System and the related PBI Documents, all payments due by the related PBI Obligor under or in respect of such PBI Documents (including MA SMART Payments); provided that PBI Payments do not include Rebates or SRECs or amounts received, if any, in respect of SRECs (including SREC Proceeds).

PBI Payments means, with respect to a Project and the related PBI Documents, all payments due by the related PBI Obligor under or in respect of such PBI Documents in respect of performance based incentive programs of [***], [***] or any other States which have been approved by the Administrative Agent.

PBI Payments means, with respect to a Project located in Connecticut or Colorado and the related PBI Documents, all payments due by the related PBI Obligor under or in respect of such PBI Documents

PBI Payments means, with respect to a PV System and the related PBI Documents, all payments due by the related PBI Obligor under or in respect of such PBI Documents; provided that PBI Payments do not include Rebates, Hedged SRECs or SRECs or amounts received, if any, in respect of SRECs or Hedged SRECs. [***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.

PBI Payments means, with respect to a Solar Panel System and the related PBI Documents, all payments due by the related PBI Obligor under or in respect of such PBI Documents.

PBI Payments means, with respect to a Project, all payments due by the related PBI Obligor under the applicable PBI Program.

PBI Payments means, with respect to a PV System located in the State of Connecticut or the State of Colorado and the related PBI Documents, all payments due by the related PBI Obligor under or in respect of such PBI Documents.