Green Loan Provisions Clause Samples

Green Loan Provisions. Subject to the Borrower’s alignment with the Core Components as demonstrated by compliance with the terms and provisions set forth in this Section 10.31, this Facility shall be considered a Green Loan (the “Green Loan”): (A) Green Loan Structuring Agent. Borrower hereby appoints ING Capital LLC to act as the Green Loan Structuring Agent, and the Lenders hereby acknowledge such appointment. The Green Loan Structuring Agent, acting in such capacity, shall have the duties customarily performed by such agents, provided that the Green Loan Structuring Agent shall not have any liabilities under this Agreement or otherwise in relation to the Eligible Green Projects. (B) Green Use of Proceeds. Proceeds of the Advances shall be used in accordance with Section 2.3 and may be used, in part, to finance or refinance (including reimbursement for costs previously incurred), in whole or in part, Solar Loans and the related Solar Assets, including Eligible Green Projects, and to pay fees and expenses incurred in connection therewith. For the avoidance of doubt, this Section 10.31(B), shall not limit the permitted use of proceeds of the Advances set forth in Section 2.3, and the Borrower shall be able to use the proceeds of any Advance pursuant to Section 2.3. As of the Amendment No. 1 Effective Date, the Eligible Green Projects Ratio is 1.70x.

Green Loan Provisions. Each of the parties hereto intends to categorize the Loans described in this Agreement as “green loans” in accordance with the framework specified in Schedule 10.23.