Examples of Solar Loans in a sentence
The Borrower shall promptly notify the Servicer, the Back-Up Servicer, the Manager and the Agent in writing of any additions or deletions to the Schedule of Eligible Solar Loans.
In addition, the Borrower agrees to promptly notify the Agent in writing if any eVault is terminated or the underlying control arrangements for any eVault are changed in any manner that could be adverse to the Agent control party or to the Lenders and if any authoritative electronic copies of Solar Loans stored therein are no longer held within an eVault or are otherwise removed from an eVault, in each case no later than one (1) Business Day prior to the occurrence thereof.
Upon termination of the Indenture, the Indenture Trustee shall notify the Lockbox Bank of the same pursuant to the Account Control Agreement, the Liens in favor of the Indenture Trustee on the Trust Estate shall automatically terminate and the Indenture Trustee shall convey and transfer of all right, title and interest in and to the Solar Loans and other property and funds in the Trust Estate to the Issuer.
The Agent shall have received evidence reasonably acceptable to the Agent that (i) all accreditations, licenses and permits required in connection with the business of the Borrower and Seller (Solar Loans) shall be in full force and effect, and (ii) the business of the Borrower and the Seller (Solar Loans), and the use of the Approved Solar Loan Forms in connection therewith, comply with all Applicable Laws.
The occurrence of an event of default under any other financing agreement entered into by the Borrower, the Seller (Solar Loans) or the Seller (Solar Assets).
This Agreement or any other Transaction Document shall (except in accordance with its terms), in whole or in part, cease to be (i) in full force and effect and/or (ii) the legally valid, binding and enforceable obligation of the Borrower, the Seller (Solar Loans), the Seller (Solar Assets), the Manager or the Managing Members.
Proceeds of the Advances (Solar Loans) shall only be used by the Borrower to (1) purchase Solar Loans and the related SL Solar Assets from the Seller (Solar Loans) under the Sale and Contribution Agreement (Solar Loans), (2) make deposits into the Liquidity Reserve Account (up to the Liquidity Reserve Account Required Balance), and (3) pay certain fees and expenses incurred in connection with establishment of the credit facility set forth in this Agreement.
The Agent shall have received customary opinions from counsel to SEC, the Seller (Solar Loans), the Manager, and the Borrower addressing (i) authorization and enforceability of the Transaction Documents and other corporate matters and (ii) security interest and UCC matters.
An Insolvency Event shall have occurred with respect to Borrower, the Seller (Solar Loans), the Seller (Solar Assets), the Manager, a Managing Member or a Financing Fund.
The Borrower, Sunnova Management, SEC, the Seller (Solar Loans) and the Seller (Solar Assets) shall provide reasonable assistance to obtain such rating.