Capital provider definition
Examples of Capital provider in a sentence
The Capital Provider will provide financing for the Property Owner’s Eligible Improvements in accordance with the C-PACE Documents.
All collection and enforcement costs and expenses (including legal fees and costs), interest, late fees, other types of fees, and penalties charged by the County or Capital Provider, as applicable and consistent with the C-PACE Act and the Virginia Code, will (i) be added to the Delinquent Payments being collected, (ii) become part of the aggregate amount sued for and collected, (iii) be added to the C-PACE Loan, and (iv) be secured by the C-▇▇▇▇ ▇▇▇▇.
The foregoing notwithstanding, if for any reason the Property Owner’s C-PACE Payments are payable to the Program Administrator or the County, then the party receiving such C-PACE Payments will remit all such payments to the Capital Provider within 30 days of receipt, subject, if applicable, to the deduction and remittance of the Program Fees to the Program Administrator as set forth in Section 3(b), above, the C-PACE Documents, and the Program Guidelines.
The C-PACE Loan will be serviced by the Capital Provider, and the Property Owner’s C-PACE Payments will be paid directly to its Capital Provider.
If the C-PACE Act, the Ordinance, the Locality Agreement or any clause, provision, or section of this Agreement, is challenged and held by a court of competent jurisdiction to be unenforceable by the County or the Capital Provider, the Property Owner will continue to make the C-PACE Payments required under the C-PACE Documents, and will execute any and all documentation to perfect and enforce the C-PACE Loan as required by the County or Capital Provider.