Excluded Draw definition

Excluded Draw means any draw on (a) that certain Guarantee Agreement, dated as of August 26, 2011 (as amended, replaced, modified or supplemented from time to time), by and among NextEra Energy Capital Holdings, Inc., Genesis Solar Holdings, LLC, and U.S. Bank National Association, as Collateral Agent, to the extent of Genesis Solar Holdings, LLC’s failure to pay any “1603 Grant Shortfall Amount” under and as defined in that certain Construction Completion Agreement, dated as of August 26, 2011, by and among Genesis Solar Holdings, LLC, Genesis Solar, LLC, U.S. Bank National Association, as Collateral Agent, and Deutsche Bank Trust Company Americas, as Master Administrative Agent, or (b) any Excluded Credit Support;
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Excluded Draw. Any Draw made by a Mortgagor during the Rapid Amortization Period, which shall not be transferred to the Trust Estate.
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Examples of Excluded Draw in a sentence

  • Payments and collections allocable pursuant to Section 3.04 to an Excluded Draw shall not be deposited into the Custodial Account, the Distribution Account or the Note Payment Account, and shall be distributed by the Servicer to the Seller no less frequently than monthly in accordance with reasonable instructions provided by the Seller.

  • Payments and collections allocable pursuant to Section 2.4 to an Excluded Draw shall not be deposited into the Custodial Account, the Distribution Account or the Note Payment Account, and shall be distributed by the Servicer to the Seller no less frequently than monthly in accordance with reasonable instructions provided by the Seller.

  • During the Rapid Amortization Period, any Excluded Draw shall not be deemed Additional Balances, and the ownership of such Excluded Draws shall be retained by the Seller except as provided herein.

  • During the Rapid Amortization Period, any Excluded Draw shall not be Additional Balances, and the ownership of such Excluded Draws shall be retained by the Seller except as provided herein.