Supplemental Reserve Account Deposit means, on each Payment Date after the April 2029 Payment Date, an amount equal to the sum of (i) any Supplemental Reserve Account Deposit amounts from prior periods not deposited into the Supplemental Reserve Account and (ii) the lesser of (a) the sum of (x) the product of (A) one-fourth of $[***] and (B) the aggregate DC nameplate capacity (measured in kW) of all the PV Systems owned by the Project Companies (excluding Defaulted Solar Assets that are not operational and not in the process of being removed or redeployed) on the related Determination Date and (y) the product of (A) one-fourth of $[***] and (B) the aggregate storage capacity (measured in kWh) of the batteries included in Energy Storage Systems owned by the Project Companies (excluding Defaulted Solar Assets that are not operational and not in the process of being removed or redeployed) on the related Determination Date that have related Solar Service Agreements with remaining terms that exceed the remaining terms of the related manufacturer warranty for such Energy Storage System and (b) (i) the Supplemental Account Required Amount as of the related Determination Date, minus (ii) the sum of the amount on deposit in the Supplemental Reserve Account as of the related Determination Date, and the amount, if any, being deposited into the Supplemental Reserve Account on such Payment Date pursuant to clause (i). Notwithstanding the foregoing, the Supplemental Reserve Account Deposit will be zero for any Payment Date on which the sum of Available Funds is greater than or equal to the sum of (i) the payments and distributions required under clauses (i) through (vi) in the Priority of Payments, (ii) the Aggregate Outstanding Note Balance as of such Payment Date prior to any distributions made on such Payment Date and (iii) all accrued and unpaid interest on the Notes (including any Class B Deferred Interest, Post-ARD Additional Note Interest or Deferred Post-ARD Additional Note Interest).
Supplemental Reserve Account Deposit means zero dollars on any date on which the Collateral shall not include any Managing Member that is party to a Financing Fund LLCA; provided further that “Supplemental Reserve Account Deposit” shall mean zero dollars on any date on which the Aggregate Outstanding Advances (Solar Assets) are zero.
Supplemental Reserve Account Deposit means zero dollars on any date on which the Aggregate Outstanding Advances (Solar Assets) are zero.
Examples of Supplemental Reserve Account Deposit in a sentence
On each Payment Date, to the extent of Available Funds and in accordance with and subject to the Priority of Payments, the Indenture Trustee shall, based on the Quarterly Transaction Report, deposit into the Supplemental Reserve Account an amount equal to the Supplemental Reserve Account Deposit until the amount on deposit equals the Supplemental Reserve Required Amount.
The Supplemental Reserve Account Deposit for such Borrowing Date shall have been deposited into the Supplemental Reserve Account, taking into account the application of the proceeds of the Advances on the Borrowing Date.
On each Payment Date, to the extent of Available Funds and in accordance with and subject to the Priority of Payments, the Indenture Trustee shall, based on the Semi-Annual Manager Report, deposit into the Supplemental Reserve Account an amount equal to the Supplemental Reserve Account Deposit until the amount on deposit equals the Supplemental Reserve Account Required Balance.
Supplemental Reserve Account Deposit from Available Funds 0.00 2.
On each Payment Date, to the extent of Available Funds and in accordance with and subject to the Priority of Payments, the Indenture Trustee shall, based on the Semi‑Annual Manager Report, deposit into the Supplemental Reserve Account an amount equal to the Supplemental Reserve Account Deposit until the amount on deposit equals the Supplemental Reserve Account Required Balance.
More Definitions of Supplemental Reserve Account Deposit
Supplemental Reserve Account Deposit means, so long as the Collateral shall include any Managing Member that is party to a Financing Fund LLCA that includes a Financing Fund Withdrawal Right, for the applicable Payment Date identified in Column J of Schedule XII hereto for each related Financing Fund, the Financing Fund Withdrawal Amount Deposit for such Financing Fund and, for any Payment Date after the Availability Period, an amount equal to the sum of (i) any Supplemental Reserve Account Deposit amounts from prior Payment Dates not deposited into the Supplemental Reserve Account, and (ii) the lesser of (a) the sum of (x) the product of (1) one-fourth of $[***] and (2) the aggregate DC nameplate capacity (measured in kW) of all PV Systems owned by the Financing Funds and SAP which are operational (excluding Transferable Solar Assets) and that have related Solar Service Agreements with remaining terms that exceed the remaining terms of the related manufacturer warranty for the Inverter associated with such PV System and (y) the product of (1) one-fourth of $[***] and (2) the aggregate storage capacity (measured in kWh) of all Energy Storage Systems owned by the Financing Funds and SAP which are operational (excluding Transferable Solar Assets) and that have related Solar Service Agreements with remaining terms that exceed the remaining terms of the related manufacturer warranty for such Energy Storage System and (b) the Supplemental Reserve Account Required Balance as of the related Calculation Date minus the sum of (1) the amount on deposit in the Supplemental Reserve Account as of the related Calculation Date, and (2) the amount, if any, being deposited into the Supplemental Reserve Account on such Payment Date pursuant to clause (i). Notwithstanding the foregoing, the Supplemental Reserve Account Deposit shall be the sum of (x) so long as the Collateral shall include any Managing Member that is party to a Financing Fund LLCA that includes a Financing Fund Withdrawal Right, the aggregate amount of the Financing Fund Withdrawal Amount Deposits and (y) $[***] for any Payment Date on which the sum of Distributable Collections is greater than or equal to the sum of (i) the payments and distributions required under clauses (i) through (iii)(a), (vii) and (ix) of Section 2.7(B) and (ii) the Aggregate Outstanding Advances as of such Payment Date prior to any distributions made on such Payment Date.
Supplemental Reserve Account Deposit means, so long as the Collateral shall include any Managing Member that is party to a Financing Fund LLCA that includes a Financing Fund Withdrawal Right, for the applicable Payment Date identified in Column J of Schedule XII hereto for each related Financing Fund, the Financing Fund Withdrawal Amount Deposit for such Financing Fund and, for any Payment Date after the Availability Period, an amount equal to the sum of (i) any Supplemental Reserve Account Deposit amounts from prior Payment Dates not deposited into the Supplemental Reserve Account, and (ii) the lesser of (a) the sum of (x) the product of (1) one-fourth of $[***] and (2) the aggregate DC nameplate capacity (measured in kW) of all PV Systems owned by the Financing Funds and SAP which are operational (excluding Transferable Solar Assets) and that have related Solar Service Agreements with remaining terms that exceed the remaining terms of the related manufacturer warranty for the Inverter associated with such PV System and (y) the product of (1) one-fourth of $[***] and (2) the aggregate storage capacity (measured in kWh) of all Energy Storage Systems owned by the Financing Funds and SAP which are operational (excluding Transferable Solar Assets) and that have related Solar Service Agreements with remaining terms that exceed the remaining terms of the related [***] = Certain information has been excluded from this exhibit because it is both not material and would likely cause harm to the company if publicly disclosed. manufacturer warranty for such Energy Storage System and (b) the Supplemental Reserve Account Required Balance as of the related Calculation Date minus the sum of (1) the amount on deposit in the Supplemental Reserve Account as of the related Calculation Date, and (2) the amount, if any, being deposited into the Supplemental Reserve Account on such Payment Date pursuant to clause (i). Notwithstanding the foregoing, the Supplemental Reserve Account Deposit shall be the sum of (x) so long as the Collateral shall include any Managing Member that is party to a Financing Fund LLCA that includes a Financing Fund Withdrawal Right, the aggregate amount of the Financing Fund Withdrawal Amount Deposits and (y) $[***] for any Payment Date on which the sum of Distributable Collections is greater than or equal to the sum of (i) the payments and distributions required under clauses (i) through (iii)(a), (vii) and (ix) of Section 2.7(B) and (ii) the Aggregate Outstanding Advances as of such Paym...
Supplemental Reserve Account Deposit means, for any Payment Date, an amount equal to the lesser of (i) the product of (1) one-quarter of $[***], and (2) the aggregate DC nameplate capacity (measured in kW) of all the PV Systems owned by the Issuer or a Financing Fund (excluding Defaulted Solar Assets that are not operational and not in the process of being removed) on the related Determination Date plus and (ii) (a) the Supplemental Reserve Account Required Balance as of the related Determination Date, minus (b) the amount on deposit in the Supplemental Reserve Account as of the related Determination Date.
Supplemental Reserve Account Deposit means an amount equal to the sum of: (i) for any Borrowing Date, Payment Date, or date on which any Takeout Transaction is consummated, any Supplemental Reserve Account Deposit amounts from prior periods not deposited into the Supplemental Reserve Account; and
Supplemental Reserve Account Deposit means (i) so long as the Collateral shall include any Managing Member that is party to a Financing Fund LLCA, (A) for the applicable initial Payment Date identified in Column B-1 of Schedule VII hereto for each related Financing Fund, the initial deposit in respect of each applicable Supplemental Reserve Account Deposit for such Financing Fund in an amount set forth in Column B-1 of Schedule VII hereto and (B) for each Payment Date after such initial Payment Date identified in Column B-2 of Schedule VII hereto for each related Financing Fund, the quarterly deposit in respect of each applicable [***] = Certain information has been excluded from this exhibit because it is both not material and would likely cause harm to the company if publicly disclosed.
Supplemental Reserve Account Deposit means (i) so long as the Collateral shall include any Managing Member that is party to a Financing Fund LLCA, (A) for the applicable initial Payment Date identified in Column B-1 of Schedule VII hereto for each related Financing Fund, the initial deposit in respect of each applicable Supplemental Reserve Account Deposit for [***] = Certain information has been excluded from this exhibit because it is both not material and would likely cause harm to the company if publicly disclosed.