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.
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Solar Loan means an Initial Solar Loan, a Subsequent Solar Loan or a Qualified Substitute Solar Loan.
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Solar Loan means an Initial Solar Loan or a Qualified Substitute Solar Loan.
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Examples of Solar Loan in a sentence

  • Upon the written consent of the Administrative 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.

  • 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.

  • Each Solar Loan listed on the Schedule of Eligible Solar Loans most recently delivered to the Administrative Agent was an Eligible Solar Loan as of such date of delivery of such Schedule of Eligible Solar Loans.

  • The Borrower shall provide or shall cause the Seller to provide all proposed forms of Solar Loan Contracts and Ancillary Solar Agreements which deviate in any material respect from the Approved Forms (each such form a “Proposed Form”) to the Borrower, the Seller and the Administrative Agent and shall provide notice to such parties regarding the cessation of a form of Solar Loan Contract or Ancillary Solar Agreement attached hereto as Exhibit H or previously delivered hereunder.


More Definitions of Solar Loan

Solar Loan is a PV Solar Loan, PV/ESS Solar Loan or an ESS Solar Loan.
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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.
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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.
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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.
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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”.

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • Dollar Loan means a Loan denominated in Dollars.

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

  • Fixed Rate Loan means a Competitive Loan bearing interest at a Fixed Rate.

  • LIBOR Loan means a Loan or any portion thereof bearing interest by reference to the LIBOR Rate.

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

  • Eurocurrency Loan means any Eurocurrency Term Loan or Eurocurrency Revolving Loan.

  • Term SOFR Rate Loan means a Loan that bears interest based on Term SOFR Rate.

  • PPP Loan means, with respect to any Target Company, the loan made to the Target Company by a bank pursuant to that certain promissory note under the U.S. Treasury’s Paycheck Protection Program (pursuant to the CARES Act).

  • SOFR Advance means an Advance that bears interest at a rate based on Term SOFR.

  • Cov-Lite Loan A Collateral Obligation the Underlying Documents for which do not (i) contain any financial covenants or (ii) require the Obligor thereunder to comply with any Maintenance Covenant (regardless of whether compliance with one or more Incurrence Covenants is otherwise required by such Underlying Documents); provided that, notwithstanding the foregoing, a Collateral Obligation shall be deemed for all purposes (other than the S&P Recovery Rate for such Collateral Obligation) not to be a Cov-Lite Loan if the Underlying Documents for such Collateral Obligation contain a cross-default or cross acceleration provision to, or such Collateral Obligation is pari passu with, another loan, debt obligation or credit facility of the underlying Obligor that contains one or more Maintenance Covenants.

  • 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.

  • MOM Loan With respect to any Mortgage Loan, MERS acting as the mortgagee of such Mortgage Loan, solely as nominee for the originator of such Mortgage Loan and its successors and assigns, at the origination thereof.

  • Revolving Loan means a Loan made pursuant to Section 2.01.

  • Term Loan has the meaning specified in Section 2.01(b).

  • LIBOR Rate Loan means each portion of a Loan that bears interest at a rate determined by reference to the LIBOR Rate.

  • Fixed Rate Loans means Euro-Dollar Loans or Money Market Loans (excluding Money Market LIBOR Loans bearing interest at the Base Rate pursuant to Section 8.01(a)) or any combination of the foregoing.