Savings Product definition

Savings Product means a Host Customer Solar Asset for which (i) other than with respect to a Puerto Rico Solar Asset and any other Host Customer Solar Assets located in Hawaii, the U.S. Virgin Islands, Guam, or the Northern Mariana Islands, the Sunnova Tracking System specifically identifies (or in the case of a New Construction Solar Asset (Non-Identified Customer), will specifically identify) amounts payable under the related Solar Service Agreement that relate to the related PV System (other than any Ancillary PV System Components and any related Energy Storage System, if applicable) and the Sunnova Tracking System indicates that such amounts provide for an annual savings against projected utility electricity costs in the first year of such Host Customer Solar Asset, or (ii) with respect to a Puerto Rico Solar Asset and any other Host Customer Solar Assets located in Hawaii, the U.S. Virgin Islands, Guam, or the Northern Mariana Islands, the Sunnova Tracking System indicates (or in the case of a New Construction Solar Asset (Non-Identified Customer), will indicate) that the aggregate PV System Payments for such Solar Asset provide for an annual savings against projected utility electricity costs in the first year of such Host Customer Solar Asset.
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Examples of Savings Product in a sentence

  • The activities that help you keep your Market Savings Product active include making deposits, money transfers, withdrawals, or even logging into Market Savings.

  • Until we receive the appropriate court documents, we may continue to process transactions against your Market Savings Product, even if we have received an unofficial notification of an adverse claim.

  • We may consider your Market Savings Product to be “inactive” if Market Savings has been unused or inactive for 12 months.

  • The management wrap fee due on your Market Savings Product will always be taken from your Client Account and not your Deposit Account.

  • You or your appointed party, designee, appointed individual, heirs, or personal representatives agree to notify us promptly if you or any agent or person with signatory rights on your Market Savings Product dies or becomes legally incompetent or incapacitated.

  • You agree that you are responsible for any expenses, including legal expenses and fees we incur due to a garnishment, levy or attachment on your Market Savings Product.

  • If your initial deposit to your Deposit Account is not received, your Market Savings Product will be closed.

  • The Market Savings Product is comprised of a Deposit Account with ▇▇▇▇▇▇▇ Bank, N.A. and a Client Account with Apex Clearing Corporation, as detailed below .

  • If the Market Savings Product becomes inactive or dormant, Market Savings will continue to be subject to any service charges in accordance with our Schedule of Fees.

  • Your Market Savings Product may be closed if you no longer reside in the United States.