Exhibit 4.13
INDENTURE SUPPLEMENT NO. 1
to the
INDENTURE
dated as of March 28, 2019
This INDENTURE SUPPLEMENT NO. 1, dated as of March 28, 2019, (this “Indenture Supplement”), is entered into between SUNNOVA RAYS I ISSUER, LLC (together with its permitted successors and assigns, the “Issuer”), and WILMINGTON TRUST, NATIONAL ASSOCIATION, in its capacity as indenture trustee (together with its successors in trust, the “Indenture Trustee”) and supplements the Indenture dated as of March 28, 2019 between the Issuer and the Indenture Trustee (as supplemented or amended from time to time, the “Indenture”).
1.Issuanceof New Series. Upon satisfaction of each of the conditions precedent set forth in the Indenture for the issuance of a new Series, the Issuer shall issue a new Series of its Residential Asset Yield Notes (such new Series, the “Series2019-1 Notes”). The Series2019-1 Notes shall have the following characteristics:
(a)Series Designation: Series2019-1
(b)Classes: Class A Notes and Class B Notes. The Class A Notes of any Series are issuable in minimum denominations of $500,000 and the Class B Notes of any Series are issuable in minimum denominations of $1,000,000, and, in each case, integral multiples of $1.00 in excess thereof; provided that one Note of each Class or Series may be issued in an additional amount equal to any remaining portion of the Initial Outstanding Note Balance of such Class; provided, further, that the foregoing shall not restrict or prevent the transfer in accordance with Section 2.06 of the Indenture of any Note with a remaining Outstanding Note Balance of less than $500,000 in the case of the Class A Notes and $1,000,000 in the case of the Class B Notes.
(c)Initial Outstanding Note Balance of Class A Notes: $118,100,000
Initial Outstanding Note Balance of Class B Notes: $15,000,000
(d)Interest Rate: 4.95% per annum with respect to Class A Notes, and 6.35% per annum with respect to Class B Notes (as calculated pursuant to Schedule 2 to the Note Purchase Agreement).
(e)Scheduled Outstanding Note Balance: Schedule II sets forth the Scheduled Outstanding Note Balance for each Payment Date and each Class of the Series2019-1 Notes and of each other Series of Notes currently Outstanding.
[***] = 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.
