Customer Payments definition
Examples of Customer Payments in a sentence
Other than with respect to New Construction Solar Assets (Sub-PV6), the related Solar Service Agreement is (or in the case of a New Construction Solar Asset (Non-Identified Customer), will be) non-cancelable and prepayable by the Host Customer, if at all, only with a mandatory prepayment amount equal to or greater than an amount determined by the discounting of all remaining projected Host Customer Payments at a pre-determined discount rate of not more than 6.00% per annum.
The related Solar Service Agreement provides (or in the case of a New Construction Solar Asset (Non-Identified Customer), will provide) that the Host Customer thereunder is required to make periodic Host Customer Payments, which are due and payable on a monthly basis, during the term of the related Solar Service Agreement.
The Borrower shall have provided the Administrative Agent an updated Schedule IV, an updated Schedule V, an updated Schedule VI and an updated Schedule VII to reflect the Scheduled Hedged SREC Payments, Scheduled Host Customer Payments, Scheduled PBI Payments and Scheduled Managing Member Distributions as of such Funding Date.
If such customer continues to send Misdirected Customer Payments in the eleventh (11th) month following the Distribution, the Customer Receipt Payee and the Intended Payee will send a final joint letter one month prior to the expiration of the Customer Receipt Payment Period.
Upon execution of a Customer Property Form, OKKAMI will invoice Customer an up-front payment (if any), as per the terms described in the Customer Property Order Form – Customer Payments to OKKAMI (“Customer Payments to OKKAMI”).