Subsequent Solar Loan definition

Subsequent Solar Loan means a Solar Loan meeting the criteria specified in Section 2.15(a) of the Indenture, sold by the Depositor, purchased by the Issuer and pledged to the Indenture Trustee on a Transfer Date during the Prefunding Period.
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Subsequent Solar Loan has the meaning set forth in the Loan Agreement.
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Subsequent Solar Loan means a solar loan meeting the criteria specified in Section 2.09(a) of the Loan Agreement and acquired by the Borrower on a Transfer Date during the Prefunding Period.
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Examples of Subsequent Solar Loan in a sentence

  • On each Transfer Date, with respect to any Subsequent Solar Loan or any Qualified Substitute Solar Loan that is a Section 25D Easy Own Plan Solar Loan, the Issuer shall deposit or require the Depositor to deposit into the Section 25D Interest Account an amount equal to the related Section 25D Interest Amount (in addition to any required Substitution Shortfall Amount).

  • No Event of Default shall have occurred and be continuing or would be caused by such Subsequent Solar Loan Transfer.

  • For the avoidance of doubt, the Indenture Trustee shall have no obligation to calculate the Subsequent Solar Loan Prefunding Withdrawal Amount.

  • The amount of funds withdrawn from the Prefunding Account for such acquisition of Subsequent Solar Loans shall be equal to Subsequent Solar Loan Prefunding Withdrawal Amount.

  • The Section 25D Interest Account Required Amount, if any, for each related Subsequent Solar Loan shall have been deposited into the Section 25D Interest Account.[***] = 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.

Related to Subsequent Solar Loan

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

  • 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.

  • Bridge Loan Any loan or other obligation that (x) is incurred in connection with a merger, acquisition, consolidation, or sale of all or substantially all of the assets of a Person or similar transaction and (y) by its terms, is required to be repaid within one year of the incurrence thereof with proceeds from additional borrowings or other refinancings (it being understood that any such loan or debt security that has a nominal maturity date of one year or less from the incurrence thereof but has a term-out or other provision whereby (automatically or at the sole option of the Obligor thereof) the maturity of the indebtedness thereunder may be extended to a later date is not a Bridge Loan).

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

  • Initial Loan is defined in Section 2.1.

  • 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.

  • Equity Financing means the next sale (or series of related sales) by the Company of its Equity Securities to one or more third parties following the date of this instrument from which the Company receives gross proceeds of not less than $1,000,000 cash or cash equivalent (excluding the conversion of any instruments convertible into or exercisable or exchangeable for Capital Stock, such as SAFEs or convertible promissory notes) with the principal purpose of raising capital.

  • Next Equity Financing means the next sale (or series of related sales) by the Company of its Preferred Stock following the Date of Issuance from which the Company receives gross proceeds of not less than $1,000,000 (excluding the aggregate amount of securities converted into Preferred Stock in connection with such sale (or series of related sales)).

  • Incremental Facility Closing Date has the meaning set forth in Section 2.14(d).

  • Funding Date is any date on which a Credit Extension is made to or for the account of Borrower which shall be a Business Day.