Common use of Material Terms of Financing Clause in Contracts

Material Terms of Financing. The C-PACE Financing amount, interest rate, repayment schedule, prepayment, maturity and other material terms of the C-PACE Financing are set forth in the Schedule of Financing Terms. Security/Collateral for the C-PACE Financing. To secure the C-PACE Financing, the Property Owner hereby grants an Assessment Lien on the Property as set forth in the Resolution. Property Owner and the City hereby agree to cause the Assessment Lien to be recorded against the Property for the benefit of the Capital Provider to evidence and secure the C-PACE Financing. This Agreement shall be recorded in the public records of ▇▇▇▇▇ County, Nevada. The Property Owner acknowledges and agrees to the imposition of the Assessment Lien on the Property as a priority lien against the Property (prior and superior to all liens, claims, encumbrances and titles and co-equal with other assessments and general (ad valorem) property taxes as to the current C-PACE installment payment that is due and any delinquent C-PACE payments, and senior to all other previously recorded senior liens provided a Lender Consent is recorded for each such senior lien on the tax assessment records for the Property) to secure the C-PACE Financing, enforceable against the Property as provided in the Resolution.

Material Terms of Financing. The C-PACE Financing amount, interest rate, repayment schedule, prepayment, maturity and other material terms of the C-PACE Financing are set forth in the Schedule of Financing TermsTerms attached hereto as Schedule II. Security/Collateral for the C-PACE Financing. To secure the C-PACE Financing, the Property Owner hereby grants an Assessment Lien on the Property as set forth in the ResolutionResolutions. Property Owner and the City hereby agree to cause the Assessment Lien to be recorded against the Property for the benefit of the Capital Provider to evidence and secure the C-PACE Financing. This Agreement shall be recorded in the public records of ▇▇▇▇▇ County, Nevada. The Property Owner acknowledges and agrees to the imposition of the Assessment Lien on the Property as a priority lien against the Property (prior and superior to all liens, claims, encumbrances and titles and co-equal with other assessments and general (ad valorem) property taxes as to the current C-PACE installment payment that is due and any delinquent C-PACE payments, and senior to all other previously recorded senior liens provided a Lender Consent lender consent is recorded for each such senior lien on the tax assessment records for the Property) to secure the C-PACE Financing, enforceable against the Property as provided in the ResolutionResolutions.