Construction Terms. The Financing Documents executed by Lender and Property Owner must include a requirement that Lender will withhold ______% of the Financing until verification that the Project was properly completed and is operating as intended is provided to Authorized Representative by an Independent Third Party Reviewer (“ITPR), or Property Owner will pay liquidated damages to Lender of $_______ per day for every day after 30 days following completion of the Project that such verification of completion is not provided. If verification of completion is not provided by Property Owner within 30 days after completion of the Project, such verification shall be submitted by Lender. If this Lender Contract includes any additional requirements related to construction of the Project and disbursement of Financing, such requirements are set forth in Exhibit C attached hereto and incorporated herein by reference. Such requirements may include, among other things, (1) the disbursement schedule and (2) any holdback amount to be funded following verification of final project completion. ____________________________________ By: Name: Title: Address: Email Address: _______________________ STATE OF ________ § COUNTY OF ________ § This PACE Lender Contract pursuant to Property Assessed Clean Energy Act was acknowledged before me on ______________, ________ by ____________________________, _____________________________, on behalf of ________________. ________________________________(print name) NOTARY PUBLIC, STATE OF ________ LOCAL GOVERNMENT: SAN ▇▇▇▇▇▇▇▇ COUNTY, TEXAS By: TEXAS PROPERTY ASSESSED CLEAN ENERGY AUTHORITY AUTHORIZED REPRESENTATIVE Pursuant to Tex. Local Gov’t Code §399.006(b) By: _______________________________________________________ Name: ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Title: PRESIDENT, TEXAS PACE AUTHORITY Address: ▇▇ ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇-▇▇▇▇ Email Address: ▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ STATE OF TEXAS § COUNTY OF ________ § This PACE Lender Contract pursuant to Property Assessed Clean Energy Act was acknowledged before me on ______________, 20__ by ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, President, Texas Property Assessed Clean Energy Authority, dba Texas PACE Authority, a Texas nonprofit corporation, on behalf of said corporation as Authorized Representative for the Local Government. ________________________________(print name) NOTARY PUBLIC, STATE OF TEXAS FINANCING DOCUMENTS Assessment Payment Schedule Assessment Total: Payment Frequency:
Appears in 1 contract
Sources: Pace Lender Contract
Construction Terms. The Financing Documents executed by Lender and Property Owner must include a requirement that Lender will withhold ______% of the Financing until verification that the Project was properly completed and is operating as intended is provided to Authorized Representative by an Independent Third Party Reviewer (“ITPR), or Property Owner will pay liquidated damages to Lender of $_______ per day for every day after 30 days following completion of the Project that such verification of completion is not provided. If verification of completion is not provided by Property Owner within 30 days after completion of the Project, such verification shall be submitted by Lender. If this the Lender Contract includes any additional requirements related to the construction of the Project and disbursement of Financing, such requirements are set forth in Exhibit C D attached hereto and incorporated herein by reference. Such requirements may include, among other things, (1) the disbursement schedule and (2) any holdback amount to be funded following verification of final project completion. ____________________________________ By: Name: Title: Address: Email Addressaddress: _______________________ STATE OF ________ § COUNTY OF ________ § This PACE Lender Owner Contract pursuant to Property Assessed Clean Energy Act was acknowledged before me on ______________, ________ by ____________________________, _____________________________, on behalf of ________________. ________________________________(print name) NOTARY PUBLIC, STATE OF ________ LOCAL GOVERNMENT: SAN ▇▇▇▇▇▇▇▇ COUNTY, TEXAS By: TEXAS PROPERTY ASSESSED CLEAN ENERGY AUTHORITY AUTHORIZED REPRESENTATIVE Pursuant to Tex. Local Gov’t Code §399.006(b) By: _______________________________________________________ Name: ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Title: PRESIDENT, TEXAS PACE AUTHORITY Address: ▇▇ ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇-▇▇▇▇ Email Address: ▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ STATE OF TEXAS § COUNTY OF _________ § This PACE Lender Owner Contract pursuant to Property Assessed Clean Energy Act was acknowledged before me on ______________, 20__ by ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, President, Texas Property Assessed Clean Energy Authority, dba Texas PACE Authority, a Texas nonprofit corporation, on behalf of said corporation as Authorized Representative for the Local Government. ________________________________(print name) NOTARY PUBLIC, STATE OF TEXAS FINANCING DOCUMENTS Assessment Payment Schedule Assessment Total: Payment Frequency:
Appears in 1 contract
Sources: Pace Owner Contract