NOTE PURCHASE AGREEMENT SUPPLEMENT NO. 1
Exhibit 10.2
Execution Copy
NOTE PURCHASE AGREEMENT SUPPLEMENT NO. 1
This NOTE PURCHASE AGREEMENT SUPPLEMENT NO. 1, dated as of March 28, 2019, (this “NPA Supplement”), is among SUNNOVA RAYS I ISSUER, LLC (the “Issuer”), SUNNOVA RAYS I DEPOSITOR, LLC (the “Depositor”), SUNNOVA RAYS I MANAGEMENT, LLC (as “Servicer”, as “Manager” and as “Facility Administrator” and, together with the Issuer and Depositor, collectively, the “Sunnova Parties”), and the Purchasers named on Annex A hereto (the “Purchasers”).
Reference is made to (i) the Indenture, dated as of March 28, 2019, among the Issuer and Wilmington Trust, National Association, as indenture trustee (in such capacity, the “Indenture Trustee”), as supplemented by the Indenture Supplement ▇▇. ▇, ▇▇▇▇▇ ▇▇ ▇▇ ▇▇▇▇▇ ▇▇, ▇▇▇▇, (▇▇ so supplemented, the “Indenture”), among the Issuer, and the Indenture Trustee, and (ii) the Note Purchase Agreement, dated as of March 28, 2019, (the “Note Purchase Agreement”), among the Sunnova Parties and the Purchasers named therein. Capitalized terms used herein but not defined shall have the meanings set forth in the Indenture or the Note Purchase Agreement, as applicable.
Section 1. Residential Asset Yield Securities Series 2019-1 Notes.
(a) Pursuant to the Indenture, the Issuer shall issue, and the Purchasers shall purchase, on March 28, 2019 (the “Closing Date”) (i) a new Series of Class A Notes designated as the Series 2019-1 Class A Notes (the “Series 2019-1 Class A Notes”) and (ii) a new Series of Class B Notes designated as the Series 2019-1 Class B Notes (the “Series 2019-1 Class B Notes” and, together with the Series 2019-1 Class A Notes, the “Series 2019-1 Notes”).
(b) The parties are entering into this NPA Supplement pursuant to the Note Purchase Agreement to confirm their understanding of the terms of the Series 2019-1 Notes. Except to the extent modified by this NPA Supplement, all terms and conditions of the Note Purchase Agreement are hereby ratified, confirmed and incorporated herein.
(c) Upon satisfaction of the conditions precedent set forth in the Indenture and the Note Purchase Agreement, the Issuer shall sell and the Purchasers shall severally purchase the Series 2019-1 Notes in the principal amounts of each Class as set forth beside its respective name in Annex A hereto. The purchased Series 2019-1 Notes shall be registered in the names and denominations set forth in Annex A hereto.
(d) Immediately after giving effect to the issuance of the Series 2019-1 Notes on the Closing Date, the Outstanding Note Balance for (i) all Class A Notes of all Series is $118,100,000 and (ii) all Class B Notes of all Series is $15,000,000.
(e) The Aggregate Discounted Solar Asset Balance of the Conveyed Property contributed to the Issuer on the related Cut-Off Date is $182,325,909.
[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.
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Section 2. Purchase, Sale, Payment and Delivery of the Series 2019-1 Notes. The sale and purchase of the Class A Notes and Class B Notes to be purchased by the Purchasers shall occur, subject to the terms and conditions of the Note Purchase Agreement and this NPA Supplement, on the Closing Date at the offices of ▇▇▇▇▇ ▇▇▇▇▇ L.L.P., ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇., ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ at 10:00 a.m. Eastern time. On the Closing Date, the Issuer will deliver to each Purchaser (a) the Series 2019-1 Class A Notes to be purchased by such Purchaser in the form of a single Class A Note (or such greater number of Class A Notes in denominations of at least $500,000 and integral multiples of $1.00 in excess of thereof as such Purchaser may request or such other amounts as set forth in the applicable Indenture Supplement) or (b) the Series 2019-1 Class B Notes to be purchased by such Purchaser in the form of a single Class B Note (or such greater number of Class B Notes in denominations of at least $1,000,000 and integral multiples of $1.00 in excess of thereof as such Purchaser may request or such other amounts as set forth in the applicable Indenture Supplement), as applicable, in each case, dated as of the Closing Date and registered in the applicable Purchaser’s name (or in the name of its nominee as set forth in Annex A hereto), against delivery by such Purchaser to the Issuer or its order of immediately available funds in the amount of the purchase price therefor as set forth in this NPA Supplement. If on the Closing Date the Issuer shall fail to tender such Notes to the Purchasers as provided above in this NPA Supplement, or any of the conditions specified in Section 5 of the Note Purchase Agreement with respect to such Notes or in this NPA Supplement shall not have been fulfilled to each Purchaser’s satisfaction or waived by such Purchaser, each Purchaser shall, at its election, be relieved of all further obligations under the Note Purchase Agreement as supplemented by this NPA Supplement with respect to such Notes without thereby waiving any rights such Purchaser may have by reason of any of the conditions specified in Section 5 of the Note Purchase Agreement or this NPA Supplement not having been fulfilled to such Purchaser’s satisfaction or such failure by the Issuer to tender such Notes. Attached hereto as Annex A to this NPA Supplement is a schedule (including all material assumptions) of the Scheduled Outstanding Note Balance for each subsequent Payment Date for (A) the Series 2019-1 Class A Notes and Series 2019-1 Class B Notes and (B) the Class A Notes and Class B Notes of all Series. Attached hereto as Annex B to this NPA Supplement is a schedule of Managing Members and Financing Funds. Attached hereto as Annex C to this NPA Supplement is a schedule of (A) the Scheduled Financing Fund Expenses, (B) the Scheduled Tax Equity Investor Distributions and (C) the Scheduled Managing Member Distributions, in each case during each calendar year from and including the year of such Closing Date until the Final Maturity Date and assuming that the Purchase Option under each Financing Fund Documents is exercised at the respective Purchase Option Call Date and that no Distribution Variations occur. Attached hereto as Annex D to this NPA Supplement is a schedule of the aggregate of Scheduled Host Customer Payments (excluding past due amounts, if any) and Scheduled PBI Payments for all Host Customer Solar Assets, the aggregate of Scheduled Hedged SREC Payments for all Hedged SREC Solar Assets commencing as of the applicable Cut-Off Date for each Payment Date. Attached hereto as Annex E to this NPA Supplement is a schedule of the Aggregate Discounted Solar Asset Balance of the Conveyed Property conveyed on such Closing Date. Attached hereto as Annex F to this NPA Supplement a schedule of Third-Party Diligence Reports.
Section 3. Representations and Warranties. The Sunnova Parties and the Purchasers hereby reaffirm that each of their respective representations and warranties contained in the Note Purchase Agreement and the other Transaction Documents are true and correct in all material respects (or, if already limited by materiality qualifiers, are true and correct in all respects) as of the date hereof (except to the extent expressly made as of an earlier date, in which case such representations and warranties are true and correct in all material respects as of such earlier date).
[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.
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| Very truly yours, | ||
| SUNNOVA RAYS I ISSUER, LLC, | ||
| a Delaware limited liability company, as Issuer | ||
| By: | /s/ ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ | |
| Name: | ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ | |
| Title: | Senior Vice President, Head of Finance | |
| and Treasurer | ||
| SUNNOVA RAYS I DEPOSITOR, LLC | ||
| a Delaware limited liability company, as Depositor | ||
| By: | /s/ ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ | |
| Name: | ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ | |
| Title: | Senior Vice President, Head of Finance | |
| and Treasurer | ||
| SUNNOVA RAYS I MANAGEMENT, LLC | ||
| a Delaware limited liability company, as Servicer, as Manager and as Facility Administrator | ||
| By: | /s/ ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ | |
| Name: | ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ | |
| Title: | Senior Vice President, Head of Finance | |
| and Treasurer | ||
Signature Page to NPA Supplement No. 1
[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.
The foregoing NPA Supplement is hereby confirmed and accepted:
| TEACHERS INSURANCE AND ANNUITY ASSOCIATION OF AMERICA, | ||
| a New York domiciled life insurance company | ||
| By: | Nuveen Alternative Advisors LLC, | |
| a Delaware limited liability company, as Investment Manager | ||
| By: | /s/ ▇▇▇▇▇ ▇▇▇▇▇▇ | |
| Name: ▇▇▇▇▇ ▇▇▇▇▇▇ | ||
| Title: Director |
Signature Page to NPA Supplement No. 1
[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.
| NEW YORK LIFE INSURANCE COMPANY, | ||
| By: NYL Investors LLC, as Investment Manager | ||
| By: | /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | |
| Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | ||
| Title: Vice President | ||
| NEW YORK LIFE INSURANCE AND ANNUITY CORPORATION, | ||
| By: NYL Investors LLC, as Investment Manager | ||
| By: | /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | |
| Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | ||
| Title: Vice President | ||
| NEW YORK LIFE INSURANCE AND ANNUITY CORPORATION | ||
| INSTITUTIONALLY OWNED LIFE INSURANCE SEPARATE ACCOUNT, | ||
| By: NYL Investors LLC, as Investment Manager | ||
| By: | /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | |
| Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | ||
| Title: Vice President | ||
THE BANK OF NEW YORK MELLON, A BANKING CORPORATION ORGANIZED UNDER THE LAWS OF NEW YORK, NOT IN ITS INDIVIDUAL CAPACITY BUT SOLELY AS TRUSTEE UNDER THAT CERTAIN TRUST AGREEMENT DATES AS OF JULY 1ST, ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇ LIFE INSURANCE COMPANY, AS GRANTOR, ▇▇▇▇ ▇▇▇▇▇▇▇ LIFE INSURANCE COMPANY (U.S.A.), AS BENEFICIARY, ▇▇▇▇ ▇▇▇▇▇▇▇ LIFE INSURANCE COMPANY OF NEW YORK, AS BENEFICIARY, AND THE BANK OF NEW YORK MELLON, AS TRUSTEE
By: New York Life Insurance Company, as attorney-in-fact
| By: | /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | |
| Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | ||
| Title: Vice President |
Signature Page to NPA Supplement No. 1
[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.
| ALLIANZ LIFE INSURANCE CO. OF NORTH AMERICA, | ||
| By: BlackRock Financial Management, Inc., as Investment Manager | ||
| By: | /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ | |
| Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ | ||
| Title: Director | ||
| PROTECTIVE LIFE INSURANCE COMPANY, | ||
| By: BlackRock Financial Management, Inc., as Investment Manager | ||
| By: | /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ | |
| Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ | ||
| Title: Director | ||
| THE SAVINGS BANK LIFE INSURANCE COMPANY | ||
| OF MASSACHUSETTS, | ||
| By: BlackRock Financial Management, Inc., as Investment Manager | ||
| By: | /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ | |
| Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ | ||
| Title: Director | ||
| ▇▇▇▇▇▇▇ NATIONAL LIFE INSURANCE COMPANY, | ||
| By: BlackRock Financial Management, Inc., as Investment Manager | ||
| By: | /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ | |
| Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ | ||
| Title: Director | ||
Signature Page to NPA Supplement No. 1
[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.
| RIMAC SEGUROS Y REASEGUROS, | ||
| By: BlackRock Financial Management, Inc., as Investment Manager | ||
| By: | /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ | |
| Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ | ||
| Title: Director | ||
| HR US INFRA DEBT LP, | ||
| By: BlackRock Financial Management, Inc., as Investment Manager | ||
| HR US INFRA DEBT LP, | ||
| By: HR US Infra Debt (GenPar), LLC, its general partner | ||
| By: BlackRock Financial Management, Inc., as Investment Manager | ||
| By: | /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ | |
| Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ | ||
| Title: Managing Directo | ||
| USD IG INFRASTRUCTURE DEBT (IRELAND) DAC, | ||
| By: BlackRock Financial Management, Inc., as Investment Manager | ||
| By: | /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ | |
| Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ | ||
| Title: Managing Director | ||
AMERICAN EQUITY INVESTMENT LIFE INSURANCE COMPANY,
| By: BlackRock Financial Management, Inc., as Investment Manager | ||
| By: | /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ | |
| Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ | ||
| Title: Director | ||
Signature Page to NPA Supplement No. 1
[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.
| RGA REINSURANCE COMPANY, | ||
| By: BlackRock Financial Management, Inc., as Investment Manager | ||
| By: | /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ | |
| Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ | ||
| Title: Director | ||
| COUNTRY LIFE INSURANCE CO., | ||
| By: BlackRock Financial Management, Inc., as Investment Manager | ||
| By: | /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ | |
| Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ | ||
| Title: Director | ||
Signature Page to NPA Supplement No. 1
[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.
ANNEX A
| Name and Address |
Series | Principal Amount of Class A Notes |
Class A Notes Issue Price |
Principal Amount of Class B Notes |
Class B Notes Issue Price |
Aggregate Purchase Price |
||||||||||||||||||
| TEACHERS INSURANCE AND ANNUITY ASSOCIATION OF AMERICA ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ |
2019-1 | $ | [***] | 100 | % | — | 93.50000 | % | $ | [***] | ||||||||||||||
| NEW YORK LIFE INSURANCE COMPANY c/o NYL Investors LLC 51 Madison Ave 2nd Floor, Room 208 New York, New York 10010-0603 |
2019-1 | $ | [***] | 100 | % | — | 93.50000 | % | $ | [***] | ||||||||||||||
| NEW YORK LIFE INSURANCE AND ANNUITY CORPORATION c/o NYL Investors LLC 51 Madison Ave 2nd Floor, Room 208 New York, New York 10010-0603 |
2019-1 | $ | [***] | 100 | % | — | 93.50000 | % | $ | [***] | ||||||||||||||
| NEW YORK LIFE INSTITUTIONALLY OWNED LIFE INSURANCE SEPARATE ACCOUNT (BOLI 30C) c/o NYL Investors LLC 51 Madison Ave 2nd Floor, Room 208 New York, New York 10010-0603 |
2019-1 | $ | [***] | 100 | % | — | 93.50000 | % | $ | [***] | ||||||||||||||
[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.
Annex A-1 to NPA Supplement
| HARE & CO., LLC On behalf of: NEW YORK LIFE INSURANCE COMPANY c/o NYL Investors LLC ▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇, ▇▇▇▇ 208 New York, NY 10010 |
2019-1 | $ | [***] | 100 | % | — | 93.50000 | % | $ | [***] | ||||||||||||||
| With a copy to: The Bank of New York Mellon c/o Hare & Co., LLC US Income ▇ ▇▇▇▇▇▇ ▇▇▇▇▇ Private placement ▇▇▇▇. ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ |
||||||||||||||||||||||||
| ALLIANZ LIFE INSURANCE CO. OF NORTH AMERICA c/o BlackRock Financial Management, Inc. Infrastructure Debt Group ▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ |
2019-1 | $ | [***] | 100 | % | — | 93.50000 | % | $ |
[***] |
| |||||||||||||
| PROTECTIVE LIFE INSURANCE COMPANY c/o BlackRock Financial Management, Inc. Infrastructure Debt Group ▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ |
2019-1 | $ | [***] | 100 | % | — | 93.50000 | % | $ | [***] | ||||||||||||||
[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.
Annex A-2 to NPA Supplement
| THE SAVINGS BANK LIFE INSURANCE COMPANY OF MASSACHUSETTS c/o BlackRock Financial Management, Inc. Infrastructure Debt Group ▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ |
2019-1 | $ | [***] | 100 | % | — | 93.50000 | % | $ | [***] | ||||||||||||||
| ▇▇▇▇▇▇▇ NATIONAL LIFE INSURANCE COMPANY c/o BlackRock Financial Management, Inc. Infrastructure Debt Group ▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ |
2019-1 | $ | [***] | 100 | % | — | 93.50000 | % | $ | [***] | ||||||||||||||
| RIMAC SEGUROS Y REASEGUROS c/o BlackRock Financial Management, Inc. Infrastructure Debt Group ▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ |
2019-1 | $ | [***] | 100 | % | — | 93.50000 | % | $ | [***] | ||||||||||||||
| HR US INFRA DEBT LP c/o BlackRock Financial Management, Inc. Infrastructure Debt Group ▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ |
2019-1 | $ | [***] | 100 | % | — | 93.50000 | % | $ | [***] |
[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.
Annex A-3 to NPA Supplement
| USD IG INFRASTRUCTURE DEBT (IRELAND) DAC c/o BlackRock Financial Management, Inc. Infrastructure Debt Group ▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ |
2019-1 | $ | [***] | 100 | % | — | 93.50000 | % | $ | [***] | ||||||||||||||
| AMERICAN EQUITY INVESTMENT LIFE INSURANCE COMPANY c/o BlackRock Financial Management, Inc. Infrastructure Debt Group ▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ |
2019-1 | $ | [***] | 100 | % | — | 93.50000 | % | $ | [***] | ||||||||||||||
| HARE & CO., LLC
On behalf of: RGA REINSURANCE COMPANY c/o BlackRock Financial Management, Inc. Infrastructure Debt Group ▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇
With a copy to: Hare & Co., LLC The Bank of New York Mellon Corp Attn: P&I Department ▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ |
2019-1 | $ | [***] | 100 | % | $ | [ | ***] | 93.50000 | % | $ | [***] |
[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.
Annex A-4 to NPA Supplement
| COUNTRY LIFE INSURANCE CO. c/o BlackRock Financial Management, Inc. Infrastructure Debt Group ▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ |
2019-1 | — | 100 | % | $ | [***] | 93.50000 | % | $ | [***] |
Payment and Notice Instructions
I. Payments
All payments on or in respect of the Notes to the Purchasers listed above shall be made in immediately available funds on the due date by electronic funds transfer, to:
JPMorgan Chase Bank, N.A.
ABA No. [***]
Account No. [***]
Account Name: [***]
For Further Credit to the Account Number: [***]
JPMorgan ▇▇▇▇▇ ▇▇▇▇
▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇
ABA No. [***]
Swift Code: [***]
Credit: [***]
General Account No. [***]
JPMorgan ▇▇▇▇▇ ▇▇▇▇
▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇
ABA No. [***]
Swift Code: [***]
Credit: [***]
General Account No. [***]
[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.
Annex A-5 to NPA Supplement
JPMorgan ▇▇▇▇▇ ▇▇▇▇
▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇
ABA No. [***]
Swift Code: [***]
Credit: [***]
General Account No. [***]
The Bank of New York Mellon
ABA No. [***]
Swift Code: [***]
[***]
f/f/c [***]
The Bank of New York Mellon
ABA No. [***]
Account No. [***]
Account Name: [***]
The Bank of New York Mellon
ABA No. [***]
Account No. [***]
Account Name: [***]
State Street Bank and Trust Company, N.A., New York
ABA No. [***]
Account No. [***]
Account Name: [***]
The Bank of New York Mellon
ABA No. [***]
Account No. [***]
Account Name: [***]
[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.
Annex A-6 to NPA Supplement
Citibank N.A., New York
ABA No. [***]
Account No. [***]
Account Name: [***]
The Bank of New York Mellon
ABA No. [***]
Account No. [***]
Account Name: [***]
The Bank of New York Mellon
ABA No. [***]
Account No. [***]
FFC Account No. [***]
FFC Account Name: [***]
STATE STREET BANK AND TRUST COMPANY, N.A., NEW YORK
ABA No. [***]
Account No. [***]
Account Name: [***]
Registered Holder: Hare & Co., LLC
The Bank of New York Mellon Corp
ABA No. [***]
Beneficiary Account: [***]
Reference: Sunnova RAYS I Issuer, LLC, PPN: 85236# AA1, $[***] principal amount, 4.95% interest rate
Registered Holder: Hare & Co., LLC
The Bank of New York Mellon Corp
ABA No. [***]
Beneficiary Account: [***]
Reference: Sunnova RAYS I Issuer, LLC, PPN: 85236# AB9, $[***] principal amount, 6.35% interest rate
[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.
Annex A-7 to NPA Supplement
The Northern Trust Company
ABA No. [***]
Account No. [***]
Account Name: [***]
II. Payment Notices
All notices with respect to payments and prepayments of the Notes shall be sent to:
Teachers Insurance and Annuity Association of America
▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇
▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇
Attention: Securities Accounting Division
Phone: (▇▇▇) ▇▇▇-▇▇▇▇
Facsimile: (▇▇▇) ▇▇▇-▇▇▇▇
With a copy to:
JPMorgan Chase Bank, N.A.
▇.▇. ▇▇▇ ▇▇▇▇▇
▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇
New York Life Insurance Company
c/o NYL Investors LLC
51 Madison Ave
2nd Floor, Room ▇▇▇
▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇-▇▇▇▇
with a copy sent electronically to: ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇.▇▇▇
New York Life Insurance and Annuity Corporation
c/o NYL Investors LLC
51 Madison Ave
2nd Floor, Room ▇▇▇
▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇-▇▇▇▇
with a copy sent electronically to: ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇.▇▇▇
[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.
Annex A-8 to NPA Supplement
New York Life Insurance and Annuity Corporation
Institutionally Owned Life Insurance Separate Account
c/o NYL Investors LLC
51 Madison Ave
2nd Floor, Room ▇▇▇
▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇-▇▇▇▇
with a copy sent electronically to: ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇.▇▇▇
New York Life Insurance Company
c/o NYL Investors LLC
▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇
▇▇▇ ▇▇▇▇▇, ▇▇▇▇ 208
▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇
with a copy sent electronically to: ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇.▇▇▇
With a copy to:
The Bank of New York Mellon
c/o Hare & Co., LLC
US Income
▇ ▇▇▇▇▇▇ ▇▇▇▇▇
Private placement ▇▇▇▇. ▇▇▇▇ ▇▇▇▇▇
▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
Allianz Life Insurance Co. of North America
c/o BlackRock Financial Management, Inc.
Infrastructure Debt Group
▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇
▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇
Protective Life Insurance Company
c/o BlackRock Financial Management, Inc.
Infrastructure Debt Group
▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇
▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇
[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.
Annex A-9 to NPA Supplement
The Savings Bank Life Insurance Company of Massachusetts
c/o BlackRock Financial Management, Inc.
Infrastructure Debt Group
▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇
▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇
▇▇▇▇▇▇▇ National Life Insurance Company
c/o BlackRock Financial Management, Inc.
Infrastructure Debt Group
▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇
▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇
RIMAC Seguros Y Reaseguros
c/o BlackRock Financial Management, Inc.
Infrastructure Debt Group
▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇
▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇
HR US INFRA DEBT LP
c/o BlackRock Financial Management, Inc.
Infrastructure Debt Group
▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇
▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇
USD IG Infrastructure Debt (Ireland) DAC
c/o BlackRock Financial Management, Inc.
Infrastructure Debt Group
▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇
▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇
[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.
Annex A-10 to NPA Supplement
American Equity Investment Life Insurance Company
c/o BlackRock Financial Management, Inc.
Infrastructure Debt Group
▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇
▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇
RGA REINSURANCE COMPANY
c/o BlackRock Financial Management, Inc.
Infrastructure Debt Group
▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇
▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇
With a copy to:
Hare & Co., LLC
The Bank of New York Mellon
Attn: P&I Department
▇▇ ▇▇▇ ▇▇▇▇▇▇
▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
with a copy sent electronically to ▇▇▇▇▇▇@▇▇▇▇▇.▇▇▇
Country Life Insurance Co.
c/o BlackRock Financial Management, Inc.
Infrastructure Debt Group
▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇
▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇
Contemporaneous written confirmation of any electronic funds transfer to the Purchaser shall be sent to the above addresses setting forth (1) the full name, private placement number, interest rate and maturity date of the Notes, (2) allocation of payment between principal, interest, Make-Whole Amount, other premium or any special payment and (3) the name and address of the bank from which such electronic funds transfer was sent.
III. Notices and Communications
All notices and communications, including notices with respect to payments and prepayments, shall be delivered or mailed to:
[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.
Annex A-11 to NPA Supplement
Teachers Insurance and Annuity Association of America
c/o Nuveen Alternatives Advisors LLC
▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇
▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
Attention: Global Private Markets
Telephone: [***]
[***]
Facsimile: [***]
Email: [***]
New York Life
c/o NYL Investors LLC
▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇
▇▇▇ ▇▇▇▇▇, ▇▇▇▇ ▇▇▇
▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇-▇▇▇▇
Attention: Investment Servicers
Private Group
2nd Floor
Facsimile: [***]
Email: [***]
With a copy to:
c/o NYL Investors LLC
▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇
▇▇▇ ▇▇▇▇▇, ▇▇▇▇ 208
New York, New York 10010-1603
Attention: Fixed Income Investors – Structured Products Group
2nd Floor
Facsimile: [***]
Email: [***]
Attention: ▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇
▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇
Facsimile: [***]
[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.
Annex A-12 to NPA Supplement
BlackRock Financial Management, Inc.—Infrastructure Debt Group
▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇
▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇
Attention: [***]
Email: [***]
With a copy to (which shall not constitute notice):
c/o BlackRock, Inc. – Office of the General Counsel
▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇
▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇
Attn: Legal Transactions Team
Email: [***]
Taxpayer Identification Number: [***]
Physical Delivery of Notes:
Teachers Insurance and Annuity Association of America
JPMorgan Chase Bank, N.A.
4 Chase ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
▇▇▇ ▇▇▇▇▇
▇▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇-▇▇▇▇
Attention: Physical Receive Department
For TIAA A/C #G07040
With a copy to (include note, transmittal letter & tracking information):
Email: [***]
Email: [***]
Email: [***]
New York Life Insurance Company
FedEx delivery address
[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.
Annex A-13 to NPA Supplement
▇/▇ ▇▇▇▇▇▇▇▇
▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇
Physical Receive – ▇▇▇ ▇▇▇▇▇
▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇-▇▇▇▇
Tele: [***]
Ref: New York Life Insurance Company G51405
Physical delivery via messenger:
▇/▇ ▇▇▇▇▇▇▇▇
▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇
Physical Receive – Window 5
▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇-▇▇▇▇
Tele: [***]
(▇▇▇▇▇▇▇▇▇▇ Street side of the building)
Ref: New York Life Insurance Company G51405
New York Life Insurance and Annuity Corporation
FedEx delivery address
▇/▇ ▇▇▇▇▇▇▇▇
▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇
Physical Receive – ▇▇▇ ▇▇▇▇▇
▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇-▇▇▇▇
Tele: [***]
Ref: New York Life Insurance and Annuity Corporation G51410
Physical delivery via messenger:
▇/▇ ▇▇▇▇▇▇▇▇
▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇
Physical Receive – Window 5
▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇-▇▇▇▇
Tele: [***]
(▇▇▇▇▇▇▇▇▇▇ Street side of the building)
Ref: New York Life Insurance and Annuity Corporation G51410
New York Life Insurance and Annuity Corporation
Institutionally Owned Life Insurance Separate Account (BOLI 30C)
[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.
Annex A-14 to NPA Supplement
FedEx delivery address
▇/▇ ▇▇▇▇▇▇▇▇
▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇
Physical Receive – ▇▇▇ ▇▇▇▇▇
▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇-▇▇▇▇
Tele: [***]
Ref: NYLIAC BOLI 30C Yield G11003
Physical delivery via messenger:
▇/▇ ▇▇▇▇▇▇▇▇
▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇
Physical Receive – Window 5
▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇-▇▇▇▇
Tele: [***]
(▇▇▇▇▇▇▇▇▇▇ Street side of the building)
Ref: NYLIAC BOLI 30C Yield G11003
Hare & Co., LLC
New York Life Insurance Company
c/o The Depository Trust Company
▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇ – ▇▇▇ ▇▇▇▇▇
▇▇▇▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇
Attention: BNY Mellon/Branch Deposit Department
Account # 491610 New York Life JH Close Private 1804
Allianz Life Insurance Co. of North America
c/o BlackRock Financial Management, Inc.
Infrastructure Debt Group
▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇
▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇
Attention: ▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇ and ▇▇▇▇ ▇▇▇▇▇▇
Telephone: [***]
Protective Life Insurance Company
c/o BlackRock Financial Management, Inc.
[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.
Annex A-15 to NPA Supplement
Infrastructure Debt Group
▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇
▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇
Attention: ▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇ and ▇▇▇▇ ▇▇▇▇▇▇
Telephone: [***]
The Savings Bank Life Insurance Company of Massachusetts
c/o BlackRock Financial Management, Inc.
Infrastructure Debt Group
▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇
▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇
Attention: ▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇ and ▇▇▇▇ ▇▇▇▇▇▇
Telephone: [***]
▇▇▇▇▇▇▇ National Life Insurance Company
c/o BlackRock Financial Management, Inc.
Infrastructure Debt Group
▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇
▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇
Attention: ▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇ and ▇▇▇▇ ▇▇▇▇▇▇
Telephone: [***]
RIMAC Seguros Y Reaseguros
c/o BlackRock Financial Management, Inc.
Infrastructure Debt Group
▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇
▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇
Attention: ▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇ and ▇▇▇▇ ▇▇▇▇▇▇
Telephone: [***]
HR US INFRA DEBT LP
c/o BlackRock Financial Management, Inc.
Infrastructure Debt Group
▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇
[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.
Annex A-16 to NPA Supplement
▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇
Attention: ▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇ and ▇▇▇▇ ▇▇▇▇▇▇
Telephone: [***]
USD IG Infrastructure Debt (Ireland) DAC
c/o BlackRock Financial Management, Inc.
Infrastructure Debt Group
▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇
▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇
Attention: ▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇ and ▇▇▇▇ ▇▇▇▇▇▇
Telephone: [***]
American Equity Investment Life Insurance Company
c/o BlackRock Financial Management, Inc.
Infrastructure Debt Group
▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇
▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇
Attention: ▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇ and ▇▇▇▇ ▇▇▇▇▇▇
Telephone: [***]
RGA REINSURANCE COMPANY
The Depository Trust Company
▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇ – 5th floor
▇▇▇▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇
Reference: PPN 85236#AA1 & A/C# 477019 (RGA REINSURANCE COMPANY)
RGA REINSURANCE COMPANY
The Depository Trust Company
▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇ – 5th floor
▇▇▇▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇
Reference: PPN 85236#AB9 & A/C# 477019 (RGA REINSURANCE COMPANY)
[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.
Annex A-17 to NPA Supplement
Country Life Insurance Co.
c/o BlackRock Financial Management, Inc.
Infrastructure Debt Group
▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇
▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇
Attention: ▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇ and ▇▇▇▇ ▇▇▇▇▇▇
Telephone: [***]
[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.
Annex A-18 to NPA Supplement
ANNEX B
Managing Member and Financing Funds
| Managing Member |
Related Financing Fund |
Jurisdiction |
% of Share of Each Class Owned by Issuer / | |||
| Sunnova TEP I Manager, LLC | Sunnova TEP I, LLC | Delaware | 0% of Class A Units; 100% of Class B Units |
[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.
Annex B-1 to NPA Supplement
ANNEX C
Scheduled Financing Fund Expenses, Scheduled Tax Equity Investor Distributions and
Scheduled Managing Member Distributions
| Payment Date |
Project Company Expenses |
Scheduled Tax Equity Investor Distributions |
Scheduled Managing Member Distributions |
|||||||||
| Closing Date |
||||||||||||
| April-19 |
$ | [***] | $ | [***] | $ | [***] | ||||||
| July-19 |
$ | [***] | $ | [***] | $ | [***] | ||||||
| October-19 |
$ | [***] | $ | [***] | $ | [***] | ||||||
| January-20 |
$ | [***] | $ | [***] | $ | [***] | ||||||
| April-20 |
$ | [***] | $ | [***] | $ | [***] | ||||||
| July-20 |
$ | [***] | $ | [***] | $ | [***] | ||||||
| October-20 |
$ | [***] | $ | [***] | $ | [***] | ||||||
| January-21 |
$ | [***] | $ | [***] | $ | [***] | ||||||
| April-21 |
$ | [***] | $ | [***] | $ | [***] | ||||||
| July-21 |
$ | [***] | $ | [***] | $ | [***] | ||||||
| October-21 |
$ | [***] | $ | [***] | $ | [***] | ||||||
| January-22 |
$ | [***] | $ | [***] | $ | [***] | ||||||
| April-22 |
$ | [***] | $ | [***] | $ | [***] | ||||||
| July-22 |
$ | [***] | $ | [***] | $ | [***] | ||||||
| October-22 |
$ | [***] | $ | [***] | $ | [***] | ||||||
| January-23 |
$ | [***] | $ | [***] | $ | [***] | ||||||
| April-23 |
$ | [***] | $ | [***] | $ | [***] | ||||||
| July-23 |
$ | [***] | $ | [***] | $ | [***] | ||||||
| October-23 |
$ | [***] | $ | [***] | $ | [***] | ||||||
| January-24 |
$ | [***] | $ | [***] | $ | [***] | ||||||
| April-24 |
$ | [***] | $ | [***] | $ | [***] | ||||||
| July-24 |
$ | [***] | $ | [***] | $ | [***] | ||||||
| October-24 |
$ | [***] | $ | [***] | $ | [***] | ||||||
| January-25 |
$ | [***] | $ | [***] | $ | [***] | ||||||
| April-25 |
$ | [***] | $ | [***] | $ | [***] | ||||||
| July-25 |
$ | [***] | $ | [***] | $ | [***] | ||||||
| October-25 |
$ | [***] | $ | [***] | $ | [***] | ||||||
| January-26 |
$ | [***] | $ | [***] | $ | [***] | ||||||
| April-26 |
$ | [***] | $ | [***] | $ | [***] | ||||||
| July-26 |
$ | [***] | $ | [***] | $ | [***] | ||||||
| October-26 |
$ | [***] | $ | [***] | $ | [***] | ||||||
| January-27 |
$ | [***] | $ | [***] | $ | [***] | ||||||
| April-27 |
$ | [***] | $ | [***] | $ | [***] | ||||||
| July-27 |
$ | [***] | $ | [***] | $ | [***] | ||||||
| October-27 |
$ | [***] | $ | [***] | $ | [***] | ||||||
| January-28 |
$ | [***] | $ | [***] | $ | [***] | ||||||
| April-28 |
$ | [***] | $ | [***] | $ | [***] | ||||||
| July-28 |
$ | [***] | $ | [***] | $ | [***] | ||||||
| October-28 |
$ | [***] | $ | [***] | $ | [***] | ||||||
| January-29 |
$ | [***] | $ | [***] | $ | [***] | ||||||
| April-29 |
$ | [***] | $ | [***] | $ | [***] | ||||||
| July-29 |
$ | [***] | $ | [***] | $ | [***] | ||||||
| October-29 |
$ | [***] | $ | [***] | $ | [***] | ||||||
| January-30 |
$ | [***] | $ | [***] | $ | [***] | ||||||
[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.
Annex C-1 to NPA Supplement
| April-30 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | |||
| July-30 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | |||
| October-30 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | |||
| January-31 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | |||
| April-31 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | |||
| July-31 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | |||
| October-31 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | |||
| January-32 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | |||
| April-32 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | |||
| July-32 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | |||
| October-32 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | |||
| January-33 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | |||
| April-33 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | |||
| July-33 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | |||
| October-33 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | |||
| January-34 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | |||
| April-34 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | |||
| July-34 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | |||
| October-34 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | |||
| January-35 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | |||
| April-35 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | |||
| July-35 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | |||
| October-35 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | |||
| January-36 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | |||
| April-36 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | |||
| July-36 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | |||
| October-36 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | |||
| January-37 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | |||
| April-37 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | |||
| July-37 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | |||
| October-37 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | |||
| January-38 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | |||
| April-38 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | |||
| July-38 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | |||
| October-38 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | |||
| January-39 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | |||
| April-39 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | |||
| July-39 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | |||
| October-39 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | |||
| January-40 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | |||
| April-40 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | |||
| July-40 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | |||
| October-40 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | |||
| January-41 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | |||
| April-41 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | |||
| July-41 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | |||
| October-41 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | |||
| January-42 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | |||
| April-42 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | |||
| July-42 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | |||
| October-42 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | |||
| January-43 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | |||
| April-43 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | |||
| July-43 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] |
[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.
Annex C-2 to NPA Supplement
ANNEX D
Scheduled Host Customer Payments, Scheduled PBI Payments and Scheduled Hedged SREC Payments
| Payment Date |
Scheduled Host Customer Payments |
Scheduled Hedged SREC Payments |
Scheduled PBI Payments |
Aggregate Scheduled Payments |
||||||||||||
| Closing Date |
$ | [***] | $ | [***] | $ | [***] | $ | [***] | ||||||||
| April-19 |
$ | [***] | $ | [***] | $ | [***] | $ | [***] | ||||||||
| July-19 |
$ | [***] | $ | [***] | $ | [***] | $ | [***] | ||||||||
| October-19 |
$ | [***] | $ | [***] | $ | [***] | $ | [***] | ||||||||
| January-20 |
$ | [***] | $ | [***] | $ | [***] | $ | [***] | ||||||||
| April-20 |
$ | [***] | $ | [***] | $ | [***] | $ | [***] | ||||||||
| July-20 |
$ | [***] | $ | [***] | $ | [***] | $ | [***] | ||||||||
| October-20 |
$ | [***] | $ | [***] | $ | [***] | $ | [***] | ||||||||
| January-21 |
$ | [***] | $ | [***] | $ | [***] | $ | [***] | ||||||||
| April-21 |
$ | [***] | $ | [***] | $ | [***] | $ | [***] | ||||||||
| July-21 |
$ | [***] | $ | [***] | $ | [***] | $ | [***] | ||||||||
| October-21 |
$ | [***] | $ | [***] | $ | [***] | $ | [***] | ||||||||
| January-22 |
$ | [***] | $ | [***] | $ | [***] | $ | [***] | ||||||||
| April-22 |
$ | [***] | $ | [***] | $ | [***] | $ | [***] | ||||||||
| July-22 |
$ | [***] | $ | [***] | $ | [***] | $ | [***] | ||||||||
| October-22 |
$ | [***] | $ | [***] | $ | [***] | $ | [***] | ||||||||
| January-23 |
$ | [***] | $ | [***] | $ | [***] | $ | [***] | ||||||||
| April-23 |
$ | [***] | $ | [***] | $ | [***] | $ | [***] | ||||||||
| July-23 |
$ | [***] | $ | [***] | $ | [***] | $ | [***] | ||||||||
| October-23 |
$ | [***] | $ | [***] | $ | [***] | $ | [***] | ||||||||
| January-24 |
$ | [***] | $ | [***] | $ | [***] | $ | [***] | ||||||||
| April-24 |
$ | [***] | $ | [***] | $ | [***] | $ | [***] | ||||||||
| July-24 |
$ | [***] | $ | [***] | $ | [***] | $ | [***] | ||||||||
| October-24 |
$ | [***] | $ | [***] | $ | [***] | $ | [***] | ||||||||
| January-25 |
$ | [***] | $ | [***] | $ | [***] | $ | [***] | ||||||||
| April-25 |
$ | [***] | $ | [***] | $ | [***] | $ | [***] | ||||||||
| July-25 |
$ | [***] | $ | [***] | $ | [***] | $ | [***] | ||||||||
| October-25 |
$ | [***] | $ | [***] | $ | [***] | $ | [***] | ||||||||
| January-26 |
$ | [***] | $ | [***] | $ | [***] | $ | [***] | ||||||||
| April-26 |
$ | [***] | $ | [***] | $ | [***] | $ | [***] | ||||||||
| July-26 |
$ | [***] | $ | [***] | $ | [***] | $ | [***] | ||||||||
| October-26 |
$ | [***] | $ | [***] | $ | [***] | $ | [***] | ||||||||
| January-27 |
$ | [***] | $ | [***] | $ | [***] | $ | [***] | ||||||||
| April-27 |
$ | [***] | $ | [***] | $ | [***] | $ | [***] | ||||||||
| July-27 |
$ | [***] | $ | [***] | $ | [***] | $ | [***] | ||||||||
| October-27 |
$ | [***] | $ | [***] | $ | [***] | $ | [***] | ||||||||
| January-28 |
$ | [***] | $ | [***] | $ | [***] | $ | [***] | ||||||||
| April-28 |
$ | [***] | $ | [***] | $ | [***] | $ | [***] | ||||||||
| July-28 |
$ | [***] | $ | [***] | $ | [***] | $ | [***] | ||||||||
| October-28 |
$ | [***] | $ | [***] | $ | [***] | $ | [***] | ||||||||
| January-29 |
$ | [***] | $ | [***] | $ | [***] | $ | [***] | ||||||||
| April-29 |
$ | [***] | $ | [***] | $ | [***] | $ | [***] | ||||||||
| July-29 |
$ | [***] | $ | [***] | $ | [***] | $ | [***] | ||||||||
| October-29 |
$ | [***] | $ | [***] | $ | [***] | $ | [***] | ||||||||
| January-30 |
$ | [***] | $ | [***] | $ | [***] | $ | [***] | ||||||||
[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.
Annex D-1 to NPA Supplement
| April-30 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | $ | [ | ***] | ||||
| July-30 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | $ | [ | ***] | ||||
| October-30 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | $ | [ | ***] | ||||
| January-31 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | $ | [ | ***] | ||||
| April-31 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | $ | [ | ***] | ||||
| July-31 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | $ | [ | ***] | ||||
| October-31 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | $ | [ | ***] | ||||
| January-32 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | $ | [ | ***] | ||||
| April-32 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | $ | [ | ***] | ||||
| July-32 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | $ | [ | ***] | ||||
| October-32 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | $ | [ | ***] | ||||
| January-33 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | $ | [ | ***] | ||||
| April-33 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | $ | [ | ***] | ||||
| July-33 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | $ | [ | ***] | ||||
| October-33 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | $ | [ | ***] | ||||
| January-34 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | $ | [ | ***] | ||||
| April-34 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | $ | [ | ***] | ||||
| July-34 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | $ | [ | ***] | ||||
| October-34 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | $ | [ | ***] | ||||
| January-35 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | $ | [ | ***] | ||||
| April-35 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | $ | [ | ***] | ||||
| July-35 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | $ | [ | ***] | ||||
| October-35 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | $ | [ | ***] | ||||
| January-36 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | $ | [ | ***] | ||||
| April-36 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | $ | [ | ***] | ||||
| July-36 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | $ | [ | ***] | ||||
| October-36 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | $ | [ | ***] | ||||
| January-37 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | $ | [ | ***] | ||||
| April-37 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | $ | [ | ***] | ||||
| July-37 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | $ | [ | ***] | ||||
| October-37 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | $ | [ | ***] | ||||
| January-38 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | $ | [ | ***] | ||||
| April-38 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | $ | [ | ***] | ||||
| July-38 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | $ | [ | ***] | ||||
| October-38 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | $ | [ | ***] | ||||
| January-39 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | $ | [ | ***] | ||||
| April-39 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | $ | [ | ***] | ||||
| July-39 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | $ | [ | ***] | ||||
| October-39 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | $ | [ | ***] | ||||
| January-40 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | $ | [ | ***] | ||||
| April-40 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | $ | [ | ***] | ||||
| July-40 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | $ | [ | ***] | ||||
| October-40 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | $ | [ | ***] | ||||
| January-41 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | $ | [ | ***] | ||||
| April-41 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | $ | [ | ***] | ||||
| July-41 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | $ | [ | ***] | ||||
| October-41 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | $ | [ | ***] | ||||
| January-42 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | $ | [ | ***] | ||||
| April-42 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | $ | [ | ***] | ||||
| July-42 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | $ | [ | ***] | ||||
| October-42 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | $ | [ | ***] | ||||
| January-43 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | $ | [ | ***] | ||||
| April-43 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | $ | [ | ***] |
[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.
Annex D-2 to NPA Supplement
| July-43 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | $ | [ | ***] | ||||
| October-43 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | $ | [ | ***] | ||||
| January-44 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | $ | [ | ***] | ||||
| April-44 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | $ | [ | ***] | ||||
| July-44 |
$ | [ | ***] | $ | [ | ***] | $ | [ | ***] | $ | [ | ***] |
[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.
Annex D-3 to NPA Supplement
ANNEX E
Aggregate Discounted Solar Asset Balance
and the share represented by the Depositor Conveyed Property
| ADSAB ($) | % of Total | |||||||
| Issuer Managed Assets |
$ | [***] | [***] | % | ||||
| Financing Fund Assets (Depositor Conveyed Property) |
$ | [***] | [***] | % | ||||
| Hedged SREC Assets |
$ | [***] | [***] | % | ||||
|
|
|
|
|
|||||
| Aggregate Discounted Solar Asset Balance |
$ | 182,325,909 | 100.0 | % | ||||
|
|
|
|
|
|||||
[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.
Annex E-1 to NPA Supplement
ANNEX F
Third-Party Diligence Reports
| 1. | Black& ▇▇▇▇▇▇ Management Consulting, LLC |
| 2. | Ernst & Young LLP |
[***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.
Annex F-1 to NPA Supplement