Securitization Share of DSAB definition

Securitization Share of DSAB means, with respect to a Solar Asset as of any date of determination, the amount equal to the product of:
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Securitization Share of DSAB means, as of any date of determination, for any given Solar Asset, an amount equal to the product of (i) such Solar Asset's Discounted Solar Asset Balance and (ii) the ratio of (x) the Securitization Share of ADSAB for the Financed Fund that owns such Solar Asset divided by (y) the Aggregate Discounted Solar Asset Balance for all Solar Assets owned by such Financed Fund.
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Securitization Share of DSAB means, with respect to a Solar Asset as of any date of determination, the amount equal to the product of (i) the Discounted Solar Asset Balance of such Solar Asset and (ii) [***]%.
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More Definitions of Securitization Share of DSAB

Securitization Share of DSAB means, with respect to a Solar Asset as of any date of determination, the amount equal to the product of: (i) the Discounted Solar Asset Balance of such Solar Asset; and (ii) for any Solar Asset: (a) owned by any Project Company (other than the Sol Owner Project Company) as to which the related Cash Flip Date has not occurred, [***]%; (b) owned by any Project Company (other than Sol Owner Project Company) as to which (1) the related Cash Flip Date has occurred and (2) the Issuer has not acquired the membership interests of the related Tax Equity Investor Member through the exercise of the related Purchase Option or Withdrawal Option, [***]%; and (c) owned by Sol Owner Project Company or any other Project Company as to which the Issuer has acquired the membership interests of the related Tax Equity Investor Member through the exercise of the related Purchase Option or Withdrawal Option, [***]%.
Sample 1
Securitization Share of DSAB means, as of any date of determination, for any given Solar Asset, an amount equal to the product of (i) such Solar Asset's Discounted Solar Asset Balance and (ii) the ratio of (x) the Securitization Share of ADSAB for the Financed Fund that owns such Solar Asset divided by (y) the Aggregate Discounted Solar Asset Balance for all Solar Assets owned by such Financed Fund. “Seller” means Sunrun or one of its subsidiaries. “Service Transfer Policy” means the service transfer policy furnished by the Sponsor to the Administrative Agent on or prior to the Closing Date as amended from time to time subject to Section 5.2(O). “Services Agreements” means either (i) the related Maintenance Services Agreements and the related Administrative Services Agreements or (ii) the related MOMA, as the context requires.
Sample 1
Securitization Share of DSAB means, with respect to a Solar Asset as of any date of determination, the amount equal to the product of: (i) the Discounted Solar Asset Balance of such Solar Asset; and (ii) for any Solar Asset: (a) owned by the TEP IV-C Project Company as to which the related Flip Date has not occurred, [***]%; (b) owned by the TEP IV-C Project Company as to which (1) the related Flip Date has occurred and (2) the Issuer has not acquired the membership interests of the Tax Equity Investor Member through the exercise of the Purchase Option, [***]%; and (c) owned by the Sol Owner Project Company, the TEP IV-C Project Company after the Issuer has acquired the membership interests of the Tax Equity Investor Member through the exercise of the Purchase Option or the Issuer, [***]%.
Sample 1
Securitization Share of DSAB means, with respect to a Solar Asset as of any date of determination, the amount equal to the product of (i) the Discounted Solar Asset Balance of such Solar Asset and (ii) for any Solar Asset (a) owned by a Partnership Flip Project Company, [***]%; and (b) owned or leased by the Starlane Owner Project Company or the Sol Owner Project Company, [***]%.
Sample 1
Securitization Share of DSAB means, as of any date of determination, for any given Solar Asset, an amount equal to the product of (i) such Solar Asset's Discounted Solar Asset Balance and (ii) the ratio of (x) the Securitization Share of ADSAB for the Financed Fund that [***] = Certain information contained in this document, marked by brackets, has been omitted because it is both not material and would be competitively harmful if publicly disclosed. owns such Solar Asset divided by (y) the Aggregate Discounted Solar Asset Balance for all Solar Assets owned by such Financed Fund.
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Related to Securitization Share of DSAB

  • Securitization Assets means the accounts receivable, royalty or other revenue streams and other rights to payment subject to a Qualified Securitization Financing and the proceeds thereof.

  • Non-Lead Securitization means any Securitization of a Note in a Securitization Trust other than the Lead Securitization.

  • Permitted Securitization means, for any Borrower and its Subsidiaries, any sale, assignment, conveyance, grant and/or contribution, or series of related sales, assignments, conveyances, grants and/or contributions, by such Borrower or any of its Subsidiaries of Receivables (or purported sale, assignment, conveyance, grant and/or contribution) to a trust, corporation or other entity, where the purchase of such Receivables may be funded or exchanged in whole or in part by the incurrence or issuance by the applicable Securitization SPV, if any, of Indebtedness or securities (such Indebtedness and securities being “Attributable Securitization Obligations”) that are to be secured by or otherwise satisfied by payments from, or that represent interests in, the cash flow derived primarily from such Receivables (provided, however, that “Indebtedness” as used in this definition shall not include Indebtedness incurred by a Securitization SPV owed to any Borrower or any of its Subsidiaries, which Indebtedness represents all or a portion of the purchase price or other consideration paid by such Securitization SPV for such receivables or interests therein), where (i) any representation, warranty, covenant, recourse, repurchase, hold harmless, indemnity or similar obligations of such Borrower or any of its Subsidiaries, as applicable, in respect of Receivables sold, assigned, conveyed, granted or contributed, or payments made in respect thereof, are customary for transactions of this type, and do not prevent the characterization of the transaction as a true sale under Applicable Laws (including debtor relief laws) and (ii) any representation, warranty, covenant, recourse, repurchase, hold harmless, indemnity or similar obligations of any Securitization SPV in respect of Receivables sold, assigned, conveyed, granted or contributed or payments made in respect thereof, are customary for transactions of this type.

  • Securitization Trust means a trust formed pursuant to a Securitization pursuant to which one or more of the Notes are held.

  • Lead Securitization means, if the First Securitization is the Note A-1 Securitization, such Securitization; provided that, if any other Securitization occurs prior to the Note A-1 Securitization, then the First Securitization shall be the Lead Securitization until such time as the Note A-1 Securitization occurs.

  • Securitization Transaction Any transaction involving either (1) a sale or other transfer of some or all of the Mortgage Loans directly or indirectly to an issuing entity in connection with an issuance of publicly offered or privately placed, rated or unrated mortgage-backed securities or (2) an issuance of publicly offered or privately placed, rated or unrated securities, the payments on which are determined primarily by reference to one or more portfolios of residential mortgage loans consisting, in whole or in part, of some or all of the Mortgage Loans.

  • Securitization Repurchase Obligation means any obligation of a seller of Securitization Assets in a Qualified Securitization Financing to repurchase Securitization Assets arising as a result of a breach of a Standard Securitization Undertaking, including as a result of a receivable or portion thereof becoming subject to any asserted defense, dispute, offset or counterclaim of any kind as a result of any action taken by, any failure to take action by or any other event relating to the seller.

  • Qualified Securitization Transaction means any transaction or series of transactions that may be entered into by the Company or any of its Restricted Subsidiaries pursuant to which the Company or any of its Subsidiaries may sell, convey or otherwise transfer to:

  • Securitization Entity means a Wholly Owned Subsidiary of the Borrower (or another Person in which the Borrower or any Subsidiary of the Borrower makes an Investment and to which the Borrower or any Subsidiary of the Borrower transfers accounts receivable and related assets) which engages in no activities other than in connection with the financing of accounts receivable and which is designated by the Board of Directors of the Borrower (as provided below) as a Securitization Entity (i) no portion of the Indebtedness or any other obligations (contingent or otherwise) of which (A) is guaranteed by the Borrower or any Restricted Subsidiary of the Borrower (excluding guarantees of obligations (other than the principal of, and interest on, Indebtedness) pursuant to Standard Securitization Undertakings); (B) is recourse to or obligates the Borrower or any Restricted Subsidiary of the Borrower in any way other than pursuant to Standard Securitization Undertakings; or (C) subjects any property or asset of the Borrower or any Restricted Subsidiary of the Borrower, directly or indirectly, contingently or otherwise, to the satisfaction thereof, other than pursuant to Standard Securitization Undertakings; (ii) with which neither the Borrower nor any Restricted Subsidiary of the Borrower has any material contract, agreement, arrangement or understanding other than on terms, taken as a whole, no less favorable to the Borrower or such Restricted Subsidiary than those that might be obtained at the time from Persons that are not Affiliates of the Borrower, other than fees payable in the ordinary course of business in connection with servicing receivables of such entity, standard Securitization Undertakings and other terms, including Purchase Money Notes, typical in Securitization Transactions; and (iii) to which neither the Borrower nor any Restricted Subsidiary of the Borrower has any obligations to maintain or preserve such entity’s financial condition or cause such entity to achieve certain levels of operating results. Any such designation by the Board of Directors of the Borrower shall be evidenced to the Agent (for distribution to the Lenders) by filing with the Agent a certified copy of the Board Resolution of the Borrower giving effect to such designation and an Officers’ Certificate certifying that such designation complied with the foregoing conditions.

  • Lead Securitization Date means the closing date of the Lead Securitization.

  • Lead Securitization Servicing Agreement means (i) the pooling and servicing agreement or other comparable agreement related to the Lead Securitization, and (ii) on and after the date on which the Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement, the “Lead Securitization Servicing Agreement” shall be determined in accordance with the second paragraph of Section 2(a).

  • Lead Securitization Note means the Note included in the Lead Securitization.

  • Non-Lead Securitization Servicing Agreement shall have the meaning assigned to such term in Section 2(b).

  • Lead Securitization Note Holder means the holder of the Lead Securitization Note.

  • Non-Lead Securitization Trust means the Securitization Trust into which any Non-Lead Securitization Note is deposited.

  • Securitization Subsidiary means any Subsidiary formed for the purpose of, and that solely engages only in one or more Qualified Securitization Facilities and other activities reasonably related thereto.