PACE Financing definition

PACE Financing means any property assessed clean energy financing or similar energy efficiency or renewable energy financing repaid through assessments against property (without regard to the name given to such financing).

PACE Financing 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 Legal Requirements.

PACE Financing means funds provided to the owner(s) of qualified property by a third-

Examples of PACE Financing in a sentence

• In no event shall the Lender’s rights and interests under PACE Financing Documents be construed to give the right to control, or be deemed to indicate that the Administrator is in control of, the business, properties, management or operations of the Lender.

• All rights and remedies granted to the Administrator hereunder and under any other PACE Financing Document, or otherwise available at law or in equity, shall be deemed concurrent and cumulative, and not alternative remedies, and the Administrator may proceed with any number of remedies at the same time until the Lender’s obligations are indefeasibly satisfied in full.

• From time to time the Lender shall promptly upon request and as applicable execute, acknowledge and/or deliver to the Administrator any confirmation, acknowledgement, affidavit, schedule, certificate, contract, instrument or other document as Lender may reasonably request from time to time in connection with this Agreement or any other PACE Financing Document, any Project financed by the Lender, or any Borrower receiving a Loan from the Lender.

• As used herein, the term “Costs” shall mean: (a) the costs of any and all “Eligible Improvements” (as defined in the Program Guidelines) for the Project; and (b) any fees (as outlined in Article VIII) payable by the Borrower in connection with the closing of the Loan and any other fees, costs or expenses payable by the Borrower in accordance with the PACE Financing Documents, including capitalized interest, which may be financed under the Loan in accordance with the Program Requirements.

• Upon the occurrence of any Early Termination Event, in addition to the Administrator’s rights as set forth in Section 10.1, the Administrator is entitled to any and all other remedies available in law or equity, including the right to institute, or cause to be instituted, proceedings for the collection of all amounts then payable on or under this Agreement or any other PACE Financing Documents, enforce any judgment obtained, and collect all monies adjudged due.

More Definitions of PACE Financing

PACE Financing means funds provided to the owner(s) of qualified property by a third- party lender, pursuant to the Act and this Article, for an energy efficiency improvement.

PACE Financing property assessed clean energy financing, or other energy efficiency or renewable energy financing repaid through assessments against property. Participant: as defined in Section 13.2.1.

PACE Financing means funds provided to the owner(s) of qualified property by third-party lender, pursuant to the Act and this Ordinance, for an energy efficiency improvement or renewable energy system(s).

PACE Financing means financing made available to the owner(s) of a Qualified Property for a Qualifying Improvement.

PACE Financing means any property assessed clean energy financing or similar energy efficiency or renewable energy financing repaid through assessments against property (without regard to the name given to such financing). “Participant” has the meaning specified in Section 11.06(d). “Participant Register” has the meaning specified in Section 11.06(d).

PACE Financing means any property assessed clean energy financing or similar energy efficiency or renewable energy financing repaid through assessments against property (without regard to the name given to such financing). “Participant” has the meaning set forth in Section 9.4(d). “PATRIOT Act” has the meaning set forth in Section 9.23. “Payments” has the meaning set forth in Section 8.11. “Permitted Encumbrances” means the encumbrances set forth in Exhibit “M”. “Person” means any natural person, corporation, limited liability company, trust, joint venture, association, company, partnership, Governmental Authority or other entity. “Platform” has the meaning set forth in Section 9.2.7. “Potential Default” means any condition or event which with the giving of notice or lapse of time or both would, unless cured or waived, become a Default. “Prime Rate” means a rate set by Bank of America based upon various factors including Bank of America’s costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans, which may be priced at, above, or below such announced rate. Any change in such Prime Rate announced by Bank of America shall take effect at the opening of business on the day specified in the public announcement of such change.

PACE Financing. As defined in the Recitals. Permitted Exceptions: Defects, liens and encumbrances, and other items affecting title to the Land and shown on Exhibit D attached hereto. Person: Means any individual, sole proprietorship, partnership, corporation, business trust, joint stock company, trust, unincorporated organization, association, limited liability company, institution, public benefit corporation, joint venture, entity or governmental body.