Solar Loan definition

Solar Loan means a Solar Loan Contract the proceeds of which are primarily used to finance such Obligor’s purchase and/or installation of a PV System or Independent Energy Storage System which is subsequently acquired by Parent and sold to Seller and then sold to Borrower. For the avoidance of doubt, the proceeds of any Solar Loan may additionally finance Ancillary PV System Components incurred in combination with the installation of the related PV System or Independent Energy Storage System.
Solar Loan means an Initial Solar Loan, a Subsequent Solar Loan or a Qualified Substitute Solar Loan.
Solar Loan means a loan made pursuant to a Solar Loan Contract to finance an Obligor’s purchase of a PV System and/or Energy Storage System and, if applicable, the costs of re -roofing, landscaping and upgrading the home’s electrical systems, which is subsequently acquired by SEC (if applicable) and sold to Seller (Solar Loans) and then sold to Borrower.

Examples of Solar Loan in a sentence

  • Any Eligible Solar Loan in respect of which a dishonored check is received shall be deemed not to have been paid.

  • After its acquisition of a Solar Loan and the related Solar Assets, the Seller shall transfer each acquired Solar Loan and the related Solar Assets to the Borrower pursuant to the Sale and Contribution Agreement.

  • For the purpose of comparing the guaranteed solar rate Sample Characteristic for each Sample Solar Loan (except for (a) the Sample Solar Loans described in the succeeding paragraph(s) of this note and (b) any Sample Solar Loan described in note iii.), the Originator, on behalf of the Depositor, instructed us to ignore differences of +/- $0.01 or less.

  • For the purpose of comparing the guaranteed production (kWh) Sample Characteristic for each Sample Solar Loan (except for any Sample Solar Loan described in note iii.), the Originator, on behalf of the Depositor, instructed us to ignore differences of +/- 1.00 kWh or less.

  • Upon the written consent of the Agent, such consent not to be unreasonably withheld or delayed, Exhibit H shall be amended to include such Proposed Form as a Solar Loan Contract or Ancillary Solar Agreement, as applicable, in addition to the other forms attached or previously delivered.

  • For the purpose of the procedures described in this report, the 305 Sample Solar Loans are referred to as Sample Solar Loan Numbers 1 through 305.

  • For the purpose of comparing the indicated Sample Characteristics for each Sample Solar Loan (except for any Sample Solar Loan described in note iii., if applicable), the Originator, on behalf of the Depositor, instructed us to ignore differences of +/- $1.00 or less (and in accordance with any other applicable note(s)).

  • For the purpose of comparing the indicated Sample Characteristics for each Sample Solar Loan (except for any Sample Solar Loan described in note iii., if applicable), the Originator, on behalf of the Depositor, instructed us to ignore differences due to abbreviations, truncations and spelling errors (and in accordance with any other applicable note(s)).

  • For the purpose of comparing the original battery loan balance Sample Characteristic for each Sample Solar Loan with a contract type value of “Battery Loan,” as shown on the Sample Data File, the Originator, on behalf of the Depositor, instructed us to use the original loan balance, as shown in the Agreement (and in accordance with any other applicable note(s)).

  • For the purpose of the procedures described in this report, the 305 Sample Solar Loans on the Sample Data File are referred to as Sample Solar Loan Numbers 1 through 305.


More Definitions of Solar Loan

Solar Loan means an Initial Solar Loan or a Qualified Substitute Solar Loan. [***] = 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.
Solar Loan means a loan originated by FinCo to an Obligor to finance the cost to an Obligor of the purchase and installation of a PV System, evidenced by an Obligor Note.
Solar Loan means a loan originated by FinCo to an Obligor to finance the cost to an Obligor of the purchase and installation of a PV System, evidenced by an Obligor Note.

Related to Solar Loan

  • SOFR Loan means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.

  • Dollar Loan means a Loan denominated in Dollars.

  • Eurodollar Loan means a Loan bearing interest based at a rate determined by reference to the Eurodollar Rate.

  • Term SOFR Loan means a Committed Loan that bears interest at a rate based on clause (a) of the definition of Term SOFR.

  • L/C Advance means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Percentage.

  • Revolving Loan has the meaning specified in Section 2.01(a).

  • Term Loan as defined in Section 2.1.