PACE Loan definition

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

• After each Proposed Project becomes an Approved Project, the Administrator will deliver to the Lender a notarized PACE Loan Notice, executed by the Administrator on the form attached to the Collection Agreement applicable to the Project.

• Therefore, without the prior written consent of Lender, but, in each instance, subject to the provisions of Article 7, neither Borrower nor any other Person having a direct or indirect ownership or beneficial interest in Borrower shall sell, convey, mortgage, grant, bargain, encumber, pledge, assign or transfer the Property or any part thereof, or any interest, direct or indirect, in Borrower, whether voluntarily or involuntarily or enter into or subject the Property to a PACE Loan (a “Transfer”).

• No provision, representation, covenant, or agreement (including, without limitation, any indemnity obligation) contained in this Lease, the Redevelopment Contract, the Indenture, the Bonds, the Lender Loan Documents, the PACE Loan Documents, or any obligation herein or therein imposed upon the Authority, or the breach thereof, shall constitute or give rise to or impose upon the Authority a pecuniary liability or a charge upon the general credit or the taxing powers of the City or the State of Missouri.

• So long as the Redeveloper is the 100% owner of the Bonds, the Net Proceeds of casualty insurance required by Article VII hereof received with respect to such damage or loss to the Project Improvements shall be disbursed in accordance with the Lender Loan Documents and the PACE Loan Documents so long as such documents contain provisions governing the disbursement of casualty insurance proceeds.

• Borrower shall not, and shall not permit CPLV Tenant to, enter into any PACE Loan without the prior written consent of Lender.

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 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 a loan made by a PACE lender to a borrower under this section for brownfield remediation, electric car infrastructure, energy-efficiency measures, renewable energy projects, water service line replacement and water efficiency improvements made to a commercial property.

PACE Loan means a loan made by a PACE lender to a borrower under this section for

PACE Loan means a loan made under a Commercial PACE Program by a PACE Lender to a PACE Borrower to finance Qualifying Improvements to a Commercial Property.