Scheduled Managing Member Distributions definition

Scheduled Managing Member Distributions means forecasted Managing Member Distributions plus (without duplication of the forecasted Managing Member Distributions) the aggregate amount actually disbursed to Dealers for services rendered in respect of each New Construction Solar Asset (Non-Identified Customer), set as set forth on Schedule VII hereto, as the same may be updated from time to time and may be adjusted by the Facility Administrator to reflect that such Solar Asset has become a Defaulted Solar Asset, a Defective Solar Asset, if a Payment Facilitation Agreement has been executed in connection with such Solar Asset or if a Solar Asset has been repurchased by the Financing Fund Seller from a Financing Fund pursuant to the related Master Purchase Agreement. For the purposes of calculating Scheduled Managing Member Distributions with respect to a Substantial Stage Solar Asset or New Construction Solar Asset (Non-Identified Customer), the Discounted Solar Asset Balance of such Solar Assets shall be the amount actually disbursed to Dealers for services rendered in respect of such Substantial Stage Solar Asset or New Construction Solar Asset (Non-Identified Customer), as applicable. For the purposes of calculating Scheduled Managing Member Distributions with respect to a New Construction Solar Asset (Sub-PV6), the Discounted Solar Asset Balance of such Solar Asset shall be equal to the lesser of (i) the present value of the remaining and unpaid stream of Net Cash Flow on or after such date of determination, based upon discounting such Net Cash Flow to such date of determination at an annual rate equal to the Discount Rate, and (ii) the amount required to be paid by the related Host Customer in connection with a prepayment of amounts under the related Solar Service Agreement.
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Scheduled Managing Member Distributions means forecasted Managing Member Distributions, set as set forth on Schedule V hereto, as the same may be updated from time to time and may be adjusted by the Servicer to reflect that such Solar Asset has become a Defaulted Solar Asset, a Defective Solar Asset, if a Payment Facilitation Agreement has been executed in connection with such Solar Asset or if a Solar Asset has been repurchased by the applicable Financing Fund Seller from a Financing Fund pursuant to the related Master Purchase Agreement. For the purposes of calculating Scheduled Managing Member Distributions with respect to a Substantial Stage Solar Asset, the Discounted Solar Asset Balance of such Solar Assets shall be the amount actually disbursed to Dealers (Solar Assets) for services rendered in respect of such Substantial Stage Solar Asset.
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Examples of Scheduled Managing Member Distributions in a sentence

  • The Borrower shall have provided the Administrative Agent an updated Schedule IV, an updated Schedule V, an updated Schedule VI and an updated Schedule VII to reflect the Scheduled Hedged SREC Payments, Scheduled Host Customer Payments, Scheduled PBI Payments and Scheduled Managing Member Distributions as of such Funding Date.

  • Attached hereto as Annex C to this NPA Supplement is a schedule of (A) the Scheduled Financing Fund Expenses, (B) the Scheduled Tax Equity Investor Distributions and (C) the Scheduled Managing Member Distributions, in each case during each calendar year from and including the year of such Closing Date until the Final Maturity Date and assuming that the Purchase Option under each Financing Fund Documents is exercised at the respective Purchase Option Call Date and that no Distribution Variations occur.

  • Schedule VII Scheduled Managing Member Distributions [On file with the Administrative Agent] [***] = Certain information has been excluded from this exhibit because it is both not material and would likely cause competitive harm to the company if publicly disclosed.

  • Schedule VII Scheduled Managing Member Distributions [On file with the Administrative Agent] Schedule VII-1 [***] = Certain information has been excluded from this exhibit because it is both not material and would likely cause harm to the company if publicly disclosed.

  • Annex B-1 to NPA Supplement ANNEX C TO NPA SUPPLEMENT Project Company Expenses, Scheduled Tax Equity Investor Distributions and Scheduled Managing Member Distributions [***] = 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.

Related to Scheduled Managing Member Distributions

  • Managing Member means CEF Equipment Holding, L.L.C., a Delaware limited liability company or any successor Managing Member under the Issuer Limited Liability Company Agreement.

  • Power Transfer Distribution Factor or “PTDF” shall mean a measure of the responsiveness or change in electrical loadings on Transmission Facilities due to a change in electric power transfer from one area to another, expressed in percent (up to 100%) of the change in power transfer in the pre-contingency configuration of a system under study.