Solar Asset means a Host Customer Solar Asset or PBI Solar Asset, in each case owned by a Financing Fund or SAP, as applicable, or a Hedged SREC Solar Asset owned the by Borrower.
Solar Asset means the Initial Solar Assets and any Qualified Substitute Solar Assets.
Examples of Solar Asset in a sentence
Except in the case of a Substantial Stage Solar Asset, the Solar Photovoltaic Panels with respect to the related PV System were manufactured by an Approved Vendor at the time of installation.
Except in the case of a Substantial Stage Solar Asset, the related PV System was properly delivered to and installed in good repair, without defects and in satisfactory order.
Any Eligible Solar Asset in respect of which a dishonored check is received shall be deemed not to have been paid.
The Borrower shall promptly notify SAP Seller, TEP Resources and the Parent of a breach of Section 4.1(U) and shall require SAP Seller or the Parent to cure such breach or pay the Liquidated Damages Amount for such Defective Solar Asset pursuant to and in accordance with the Sale and Contribution Agreement or the Parent Guaranty, as applicable.
Except in the case of a Substantial Stage Solar Asset or a Final Stage Solar Asset that is a New Construction Solar Asset, Inverters and Energy Storage Systems with respect to the related PV System were manufactured by an Approved Vendor at the time of installation.
More Definitions of Solar Asset
Solar Asset means one of the Solar Assets identified on the Schedule of Solar Assets, each of which is a (i) Host Customer Solar Asset or (ii) Hedged SREC Solar Asset.
Solar Asset means one of the Solar Assets identified on the Schedule of Solar Assets, each of which is a (i) Host Customer Solar Asset or (ii) Hedged SREC Solar Asset. [***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.
Solar Asset means one of the Solar Assets identified on the Schedule of Solar Assets and consists of (i) a PV System installed on a residential property, (ii) all related rights, Permits and manufacturer, installer and other warranties (in each case, to the extent transferable), (iii) all rights and remedies of the lessor/seller under the related Customer Agreement, including all Host Customer Payments on and after the Cut-Off Date and any related security therefor, (iv) all rights and remedies of the payee of any PBI Payments related to such PV System on and after the Cut-Off Date, and (v) all documentation related to such PV System, the Customer Agreement and PBI Documents, if any.
Solar Asset means (i) a PV System installed on a residential property (or, in the case of [***], on [***]), (ii) all related real property rights, Permits and Manufacturer Warranties (in each case, to the extent transferable), (iii) all rights and remedies of the lessor/seller under the related Customer Agreement, including all Host Customer Payments on and after the related Transfer Date and any related security therefor, (iv) all rights and remedies of the payee under any PBI Documents related to such PV System, including all PBI Payments on and after the related Transfer Date and (v) all documentation in the Custodian File and other documents maintained by the Custodian related to such PV System, the Customer Agreement and PBI Documents, if any. A-43
Solar Asset means (i) a PV System installed on a residential property (or, in the case of [***], on [***]), (ii) all related real property rights, Permits and Manufacturer Warranties (in each case, to the extent transferable), (iii) all rights and remedies of the lessor/seller under the related Customer Agreement, including all Host Customer Payments on and after the related Transfer Date and any related security therefor, (iv) all rights and remedies of the payee under any PBI Documents related to such PV System, including all PBI Payments on and after the related Transfer Date and (v) all documentation in the Custodian File and other documents maintained by the Custodian related to such PV System, the Customer Agreement and PBI Documents, if any. “Solar Asset Payment Ratio” means, for any period of one or more calendar months, the quotient (expressed as a percentage) of (i) the sum of all Host Customer Payments and PBI Payments received during such calendar months (excluding the portion of any such payment that represents a prepayment) divided by (ii) the sum of all Scheduled Host Customer Payments and Scheduled PBI Payments for such calendar months. “Solar Asset Portfolio Value” means, as of any date of determination, an amount equal to (i) the Securitization Share of ADSAB, minus, (ii) the Excess Concentration Amount, in each case, as of such date of determination. “Solar Asset Portfolio Value (Non-Reduced Advance Rate)” means, as of any date of determination, an amount equal to (i) the Solar Asset Portfolio Value, minus (ii) the Solar Asset Portfolio Value ([***]). “Solar Asset Portfolio Value ([***])” means, as of any date of determination, an amount equal to (i) the Securitization Share of DSAB attributable to Eligible Solar Assets for which the related Host Customers reside in [***], minus, (ii) the amount calculated in Excess Concentration Amount clause (x), in each case, as of such date of determination.
Solar Asset means one of the Solar Assets identified on the Schedule of Solar Assets and consists of (i) a PV System installed on a residential property, (ii) all related real property rights, Permits and Manufacturer Warranties (in each case, to the extent transferable), (iii) all rights and remedies of the lessor/seller under the related Customer Agreement, including all Host Customer Payments on and after the Cut-Off Date and any related security therefor, and (iv) all documentation related to such PV System and the Customer Agreement.
Solar Asset means, as the context requires, a TPO Solar Project or [***].