Loans to finance the purchase of solar panels are riskier than leases or power purchase agreements because the borrower, and not SolarCity, is responsible for maintaining the panels.
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Interest will be repaid sequentially. Scheduled principal will be paid based on the scheduled outstanding note balance for the applicable payment period and the note balances.
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Interest payments on the class B notes might be deferred to allow the interest and principal on the class A notes if a sequential interest amortization period is in effect.
