Terminated Solar Asset means a Solar Asset for which the related PV System has experienced an Event of Loss and (i) is not repaired, restored, replaced or rebuilt to substantially the same condition as it existed immediately prior to the Event of Loss within 120 days of such Event of Loss or (ii) is deemed to be a “Cancelled Project” in accordance with the related Master Purchase Agreement.
Terminated Solar Asset means a Solar Asset (other than a Hedged SREC Solar Asset) for which the related PV System and Storage System, if applicable, (i) has experienced an Event of Loss, (ii) is not repaired, restored, replaced or rebuilt to substantially the same condition as it existed immediately prior to the Event of Loss within 120 days after such Event of Loss, and (iii) (a) with respect to Issuer-Managed Solar Assets, is deemed to be a Terminated Solar Asset by the Manager in accordance with the Management Agreement or (b) with respect to a Financing Fund Solar Asset, is deemed to be a Terminated Solar Asset by the Facility Administrator in accordance with the Facility Administration Agreement.
Terminated Solar Asset means (i) a Solar Asset for which the related PV System has experienced an Event of Loss and is not repaired, restored, replaced or rebuilt to substantially the same condition as it existed immediately prior to the Event of Loss within 180 days of such Event of Loss or (ii) is deemed to be a Terminated Solar Asset by the Transaction Manager in accordance with the Transaction Management Agreement.
Examples of Terminated Solar Asset in a sentence
The related Customer Agreement is not a Defaulted Solar Asset or a Terminated Solar Asset.
More Definitions of Terminated Solar Asset
Terminated Solar Asset means a Solar Asset (i) for which the related PV System has experienced an Event of Loss and is not repaired, restored, replaced or rebuilt to substantially the same condition as it existed immediately prior to the Event of Loss within 150 days of such Event of Loss. “Total Post-PTO Debt Service” means for each Payment Date an amount equal to the sum of: (i) the product of (a) the Interest Distribution Amounts payable on such Payment Date and (b) the Weighted Average Post-PTO Borrowing Percentage for the related Collection Period; plus (ii) the product of (a) any Ordinary Course Settlement Payments payable on such Payment Date and (b) the Weighted Average Post-PTO Borrowing Percentage for the related Collection Period.
Terminated Solar Asset means a Solar Asset (i) for which the related PV System has experienced an Event of Loss and is not repaired, restored, replaced or rebuilt to substantially the same condition as it existed immediately prior to the Event of Loss within 150 days of such Event of Loss. “Total Post-PTO Debt Service” means for each Payment Date an amount equal to the sum of: (i) the product of (a) the Interest Distribution Amounts payable on such Payment Date and (b) the Weighted Average Post-PTO Borrowing Percentage for the related Collection Period; plus (ii) the product of (a) any Ordinary Course Settlement Payments payable on such Payment Date and (b) the Weighted Average Post-PTO Borrowing Percentage for the related Collection Period.