PACE Loan means (x) any “Property-Assessed Clean Energy loan” or (y) any other indebtedness, without regard to the name given to such indebtedness, which is (i) incurred for improvements to the Property for the purpose of increasing energy efficiency, increasing use of renewable energy sources, resource conservation, or a combination of the foregoing, and (ii) repaid through multi-year assessments against the Property.
PACE Loan means a loan made by a PACE lender to a borrower under this Section for energy efficiency improvements, water efficiency improvements, or renewable resource applications made to or installed on a subject property.
PACE Loan means any Property-Assessed Clean Energy loan or any similar financing.
Examples of PACE Loan in a sentence
Xxxxx Town Center (Loan No. 3) The related Mortgage Loan documents permit the related Mortgagor to enter into a PACE Loan for an amount not to exceed $5,000,000, subject to the related Mortgagee’s approval and delivery of a rating agency confirmation.
More Definitions of PACE Loan
PACE Loan means a loan made by a PACE lender to a borrower under this section for energy- efficiency improvements made to a commercial property.
PACE Loan means any assessment, bond, loan, financing, or other debt incurred pursuant to “property assessed clean energy, “special energy financing district,” or similar provisions of applicable laws.
PACE Loan means a loan, secured by a PACE mortgage, made to the owner(s) of a qualifying property pursuant to a PACE program to fund energy saving improvements.
PACE Loan. A loan made to a Property Owner pursuant to the PACE Program. “PACE Program”: The property assessed clean energy program established by the City pursuant to New York General Municipal Law, Section 119-gg and Title 11, Chapter 30 of the New York City Administrative Code.
PACE Loan means (a) any "Property‑Assessed Clean Energy" loan or (b) any other indebtedness, without regard to the name given thereto, which is (i) incurred for improvements to the Property for the purpose of increasing energy efficiency, increasing use of renewable energy sources, resource conservation, or a combination of the foregoing, and (ii) repaid through multi‑year assessments against the Property.
PACE Loan means (x) any “Property-Assessed Clean Energy loan” or (y) any other indebtedness, without regard to the name given to such indebtedness, which is (i) incurred for improvements to any Property for the purpose of increasing energy efficiency, increasing use of renewable energy sources, resource conservation, or a combination of the foregoing, and (ii) repaid through multi-year assessments against any Property.
PACE Loan means a loan made by a PACE lender to a borrower under this section for