Common use of Util Clause in Contracts

Util. Code §§ 2868-2869. If the related PV System is not located in California, either (i) the Parent utilizes a multiple listing service monitoring platform to monitor potential upcoming changes to the ownership of the real property underlying the PV System or (ii) a precautionary fixture filing on a form UCC-1 has been filed with respect to such PV System in the applicable real property records concerning third-party ownership of the PV System. The terms of the related Solar Service Agreement provide (or in the case of a New Construction Solar Asset (Non-Identified Customer), will provide) that the parties thereto agree that the related PV System is not a fixture.

Appears in 8 contracts

Sources: Credit Agreement (Sunnova Energy International Inc.), Second Amended and Restated Credit Agreement (Sunnova Energy International Inc.), Credit Agreement (Sunnova Energy International Inc.)