Common use of Weighted Average FICO Score Clause in Contracts

Weighted Average FICO Score. After giving effect to the Solar Asset’s inclusion in the Collateral, the weighted average FICO score (determined (i) with respect to Retrofit Solar Assets, as of the dates of the related Solar Service Agreements, and (ii) with respect to [***] = 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. New Construction Solar Assets, as of the date Parent initially obtains a FICO Score for the applicable Host Customer) for Eligible Solar Assets will be at least [***]. For the avoidance of doubt, New Construction Solar Assets with respect to which a FICO score has not been obtained for the applicable Host Customer shall not be included in this calculation.

Appears in 1 contract

Sources: Credit Agreement (Sunnova Energy International Inc.)

Weighted Average FICO Score. After giving effect to the Solar Asset’s inclusion in the Collateral, the weighted average FICO score (determined (i) with respect to Retrofit Solar Assets, as of the dates of the related Solar Service Agreements, and (ii) with respect to [***] = 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. New Construction Solar Assets, as of the date Parent initially obtains a FICO Score for the applicable Host Customer) for Eligible Solar Assets will be at least [***]. For the [***] = Certain information has been excluded from this exhibit because it is both not material and would likely cause competitive harm to the company if publicly disclosed. avoidance of doubt, New Construction Solar Assets with respect to which a FICO score has not been obtained for the applicable Host Customer shall not be included in this calculation.

Appears in 1 contract

Sources: Credit Agreement (Sunnova Energy International Inc.)