The definition of Low Income Eligible Area aligns with the Environmental Justice policy of the Commonwealth of Massachusetts.
Evidence that the End-Use Customer resides in a Low Income Eligible Area.
Very Low Income means income that is 50 percent or less of the area median income.
Low-income means the adjusted income for a Family which does not exceed 80 percent of the area median income.
Very low-income household means a household with a total gross annual household income equal to 30 percent or less of the median household income.
Low-income household means a household with a total gross annual household income equal to 50 percent or less of the median household income.
Low-income customer means a utility customer whose household income is at or below 200% of the Federal Poverty Level (FPL) and provides proof of meeting the eligibility requirement at the time of enrollment.
Extremely Low Income means a household income that falls at or below thirty percent (30%) of the AMI for the area in which a Project is located.
Extremely low-income household means a single person,
Below Investment Grade Rating Event means the rating on the Notes is lowered in respect of a Change of Control and the Notes are rated below Investment Grade by both Rating Agencies on any date from the date of the public notice of an arrangement that could result in a Change of Control until the end of the 60-day period following public notice of the occurrence of a Change of Control (which period shall be extended until the ratings are announced if during such 60 day period the rating of the Notes is under publicly announced consideration for possible downgrade by either of the Rating Agencies); provided that a Below Investment Grade Rating Event otherwise arising by virtue of a particular reduction in rating shall not be deemed to have occurred in respect of a particular Change of Control (and thus shall not be deemed a Below Investment Grade Rating Event for purposes of the definition of Change of Control Repurchase Event hereunder) if the Rating Agencies making the reduction in rating to which this definition would otherwise apply do not announce or publicly confirm or inform the Company in writing at its request that the reduction was the result, in whole or in part, of any event or circumstance comprised of or arising as a result of, or in respect of, the applicable Change of Control (whether or not the applicable Change of Control shall have occurred at the time of the Below Investment Grade Rating Event).
Excess Cash Flow Period means each fiscal year of the Borrower, commencing with the fiscal year of the Borrower ending on December 31, 2016.