Outstanding Payment Due Clause Samples
The 'Outstanding Payment Due' clause establishes the obligation for a party to pay any remaining amounts owed under an agreement. Typically, this clause specifies when such payments must be made, such as upon termination of the contract or after delivery of goods or services, and may outline the method and timeframe for settling these outstanding balances. Its core practical function is to ensure that all financial obligations are clearly addressed and settled, thereby preventing disputes over unpaid amounts and providing certainty for both parties regarding final payments.
Outstanding Payment Due. Such Wholly-Owned Subsidiary is not in breach or default under or with respect to any contractual obligation for or with respect to any outstanding amount or amounts payable under such contractual obligation that equals or exceeds $[***] individually or $[***] in the aggregate.
Outstanding Payment Due. Such TPO Solar Project Owner Subsidiary is not in breach or default under or with respect to any contractual obligation for or with respect to any outstanding amount or amounts payable under such contractual obligation that equals or exceeds $[***] individually or $[***] in the aggregate. [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] ABA: [***] Acct: [***] Acct Name: [***] For Further Credit: Acct # [***] Attn: [***] [***] ABA: [***] Acct: [***] Acct Name: [***] For Further Credit: Acct # [***] Attn: [***] [***] ABA: [***] Acct: [***] Acct Name: [***] For Further Credit: Acct # [***] Attn: [***] [***] ABA: [***] Acct: [***] Acct Name: [***] For Further Credit: Acct # [***] Attn: [***] [***] ABA: [***] Acct: [***] Acct Name: [***] For Further Credit: Acct # [***] Attn: [***] [***] ABA: [***] Acct: [***] Acct Name: [***] For Further Credit: Acct # [***] Attn: [***] [***] ABA: [***] Acct: [***] Acct Name: [***] For Further Credit: Acct # [***] Attn: [***] [***] ABA: [***] Acct: [***] Acct Name: [***] For Further Credit: Acct # [***] Attn: [***] Vivint Solar Owner I, LLC [***] [***] Address: [***] Attn: [***] Facsimile: [***] Telephone: [***] None. None. Initial Tax Equity Funds:
1. Vivint Solar Fund 23 Project Company, LLC 2. Vivint Solar Fund 24 Project Company, LLC
Outstanding Payment Due. Such Wholly-Owned Subsidiary is not in breach or default under or with respect to any contractual obligation for or with respect to any outstanding amount or amounts payable under such contractual obligation that equals or exceeds $[***] individually or $[***] in the aggregate.
A-1 [***] = Certain information contained in this document, marked by brackets, has been omitted because it is both not material and would be competitively harmful if publicly disclosed. EXHIBIT A DEFINED TERMS “1940 Act” means the Investment Company Act of 1940, as amended. “2024 Assumption Agreement” has the meaning set forth in Section 2.6(B)(i)(2)(b). “2024 Assuming Lender” has the meaning set forth in Section 2.6(B)(i)(1). “2024 Commitment Date” has the meaning set forth in Section 2.6(B)(i)(1). “2024 Commitment Increase” has the meaning set forth in Section 2.6(B)(i). “2024 Commitment Increase Date” has the meaning set forth in Section 2.6(B)(i). “2024 Increasing Lender” has the meaning set forth in Section 2.6(B)(i)(1). “Accession Agreement” means a Security Agreement Supplement in the form of Exhibit I to the Guaranty, Pledge and Security Agreement. “Account Bank” means, with respect to any Wholly-Owned Subsidiary Operating Account, the bank at which such Wholly-Owned Subsidiary Operating Account is maintained. “Account Control Agreement” means, with respect to a Wholly-Owned Subsidiary, an account control agreement among the Collateral Agent, the applicable Wholly-Owned Subsidiary and the applicable Account Bank establishing control (as defined in the UCC) with respect to the applicable Wholly-Owned Subsidiary Operating Account (it being understood that any such account control agreement will grant exclusive control on a springing basis). “Accountant’s Reports” means the Independent Service Provider’s Report (as defined in the Transaction Management Agreement). “Acquisition Certificate” means a certificate substantially in the form of Exhibit M. “Administrative Agent” has the meaning set forth in the introductory paragraph hereof. “Administrative Services Agreement” means, with respect to a Tax Equity Opco, the administrative services agreement between such Tax Equity Opco and the Administrative Services Provider whereby the Administrative Services Provider is responsible for providing (i) billing, collecting and enforcing Customer Agreements, (ii) remote monitoring of PV Systems and (iii) other routine administrative responsibilities for such Tax Equity Opco. An Administra...