Cash Grant Application Sample Clauses

Cash Grant Application. (i) The Sponsor Investor is not a Disqualified Person. (ii) Each of the Project Entities has retained its respective rights to apply for the Cash Grant and has not entered into any agreement to sell any such rights. (iii) The materials submitted to the U.S. Department of Treasury related to establishing whether the Project had “commenced construction” according to the Cash Grant Guidance, which materials have been Made Available to the Investors, at the time submitted, were in all material respects based on information that was complete and accurate as of the date provided. There are no other written materials that have been submitted to the U.S. Department of Treasury with respect to the Cash Grant other than the materials referred to in the immediately preceding sentence, which materials have been Made Available to the Investors. (iv) With respect to the factual information provided by Sponsor to support the opinion set forth in Section 2.2(s)(vii): (A) such information is, in all material respects, based on information that was complete and accurate as of the date provided; and (B) such information has not changed since the date such information was provided, except: (1) as reflected in the Base Case Projections; and (2) to the extent such information is the product of a projection or an estimate, in which case (x) the projection or estimate is Sponsor’s best estimate based on sound reasoning and all of the facts known to the Sponsor (or facts which the Sponsor should know after reasonable investigation) or reasonably expected by Sponsor as of the date made, and (y) such projections or estimates have not changed since the date made except as reflected in the Base Case Projections.
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Cash Grant Application. The Tax Matters Member shall: 10.9.1.1 (i) file a Preliminary Cash Grant Application no later than September 30, 2012, or such later date permitted by the Cash Grant Guidance (the “Cash Grant Filing Deadline”), for each Project Segment for which an application has not yet been submitted pursuant to (ii) as of the Cash Grant Filing Deadline and (ii) as soon as practicable following the applicable placed-in service date of each of the Project Segments, prepare an application, in Consultation with the other Members, for the Cash Grant for such Project Segment in a manner consistent with the Cash Grant Guidance (such applications and Preliminary Cash Grant Applications are hereinafter referred to as the “Cash Grant Application”); provided that, no later than twenty (20) Business Days in advance of submitting the Cash Grant Application to the Treasury, the Tax Matters Member shall provide copies of such draft Cash Grant Application to each other Member for its review. The other Members shall provide comments to the Tax Matters Member within ten (10) Business Days after any such draft Cash Grant Application has been delivered to the Members. If no comments are received by the Tax Matters Member within such ten (10) Business Day period, the Tax Matters Member may file such Cash Grant Application in the form previously delivered to the Members. If the Tax Matters Member disagrees with any of the comments received, then the Tax Matters Member shall consult in good faith with each of the Members holding a majority of the Class A Membership Interests or Class B Membership Interests, as applicable, to resolve such dispute. If such Members cannot agree, such dispute shall be resolved pursuant to the procedures outlined in Article 13; 10.9.1.2 As soon as practicable following the receipt of each Member’s comments to the draft Cash Grant Application and the application of Section 10.9.1.1, the Tax Matters Member shall prepare and deliver to each other Member for its review and comment an updated draft Cash Grant Application for the Project in a manner consistent with the Cash Grant Guidance. Each Member shall promptly provide the Tax Matters Member with any comments to such updated draft Cash Grant Application and each Member shall cooperate to resolve any disagreements with respect to the Cash Grant Application pursuant to Section 10.9.1. 1. Each Member shall keep each other Member reasonably informed of changes made to the draft Cash Grant Application following the sub...
Sample 1
Cash Grant Application. So long as any Obligations with respect to the Tranche B Construction Loans remain outstanding: (a) to the knowledge, after due inquiry of the Manager personnel preparing each Draft Cash Grant Application, at the time of the delivery thereof, the factual information and the representations of each Borrower Subsidiary set forth therein (i) are based on reasonable assumptions as to all legal and factual matters material to the figures set forth therein, (ii) are materially consistent with the provisions of the Project Documents, (iii) have been prepared in good faith and (iv) fairly represents each Obligor’s reasonable expectations as to the matters covered thereby; (b) the factual information and the representations of each Borrower Subsidiary set forth each Cash Grant Application, as applicable (i) are true, correct and complete in all material respects, (ii) are based on reasonable assumptions as to all legal and factual matters material to the figures set forth therein, (iii) are materially consistent with the provisions of the Project Documents, (iv) have been prepared in good faith and with due care and (v) fairly represent such Idaho Wind Entity’s reasonable expectations as to the matters covered thereby; (c) no Federal tax credit under Section 48 or Section 45 of the Code has been claimed with respect to any asset comprising a Project; and (d) in respect of each Project, as of the Cash Grant Application Date for such Project, the relevant Obligor has made every election that is necessary to claim and apply for the applicable Cash Grant in accordance with the Treasury Guidance and applicable Law.
Sample 1
Cash Grant Application. As of each Cash Grant Application Date, all factual information and the representations of the Borrower set forth in the applicable Cash Grant Application will be true, correct and complete in all material respects. No Federal tax credit under Section 45 or Section 48 of the Internal Revenue Code has been claimed or will be claimed by any Person with respect to any assets or property included in the Project or electricity produced by the Project. As of each Cash Grant Application Date, the Borrower will have made every election that is necessary to claim and apply for the applicable Cash Grant.
Sample 1
Cash Grant Application. The Borrower shall comply with (i) all Cash Grant Application requirements (including any preliminary filing requirements), (ii) all obligations set forth in the Cash Grant Guidance, including all annual filing requirements and the delivery of all reports, certificates and other such documents as required thereunder, and (iii) all limitations set forth in the Cash Grant Guidance relating to (A) transfers to Disqualified Persons and (B) claims in respect of any Section 45 or Section 48 tax credits. The Borrower shall make every election that is necessary to claim and apply for the Cash Grant in accordance with the Cash Grant Guidance and Applicable Law.
Sample 1
Cash Grant Application. Each of the Parties agrees to cooperate with each of the other Parties to achieve the timely preparation, submission and processing of the Cash Grant application including any amendment or other modification thereof. After filing the Cash Grant application, each of the Parties will use best efforts to ensure that the Cash Grant proceeds are received before February 16, 2010, such actions to include, without limitation, the full, complete and prompt response to any inquiries from the Department of Treasury or the Department of Energy (including the National Renewable Energy Lab). The Company will provide MLP and the Administrative Lender with a copy of any emailed questions from the National Renewable Energy Lab about the application promptly after receipt (but in any event, within one Business Day after receipt) and copies of drafts of its responses with 12 hours to comment before they are submitted. The Company will provide MLP and the Administrative Lender with a copy of any notice from the National Renewable Energy Lab or Department of the Treasury that the application has been approved or rejected promptly after receipt.
Sample 1
Cash Grant Application. From and after the filing of the Cash Grant Application for the Project, the factual information and the representations of Borrower set forth in the Cash Grant Application are (i) true, correct and complete in all material respects, (ii) based on reasonable assumptions as to all legal and factual matters material to the figures set forth therein, (iii) consistent with the provisions of the Operative Documents in all material respects, (iv) prepared in good faith and with due care and (v) fairly represent Borrower’s reasonable expectations as to the matters covered thereby. No federal tax credit pursuant to Code Sections 45 and 48 has been or will be claimed with respect to any asset comprising the Project. Borrower has and will continue to make every election that is necessary to claim and apply for the Cash Grant in accordance with the Cash Grant Guidance and applicable law.
Sample 1
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Cash Grant Application. As soon as practicable following the Placed in Service Date, and in any case by the earlier of: (a) thirty (30) days after the Placed in Service Date, and (b) the Placed in Service Deadline, (i) prepare and file, or cause to be filed, a Cash Grant Application for the Cash Grant for the Project with the United States Treasury Department in a manner consistent with the Cash Grant Guidance and applicable law and otherwise true, correct and complete in all material respects; (ii) provide all supporting documentation required to be filed with such Cash Grant Application or subsequently thereto in accordance with the Cash Grant Guidance; (iii) promptly respond to all requests for further information with respect to such Cash Grant Application; (iv) promptly deliver to Lender an executed copy of the Cash Grant Application prepared in accordance with this Section 5.24 , including all attachments and documentation required to be filed with such application, which application and accompanying documentation shall satisfy all relevant requirements of the Cash Grant Guidance and shall have been provided and approved by Lender (such approval not to be unreasonably withheld or delayed) prior to its filing; and (v) make other related filings deemed necessary or advisable with regard to the Cash Grant, in each case, in consultation with, and in a manner reasonably acceptable to, Lender. Notwithstanding anything to the contrary set forth herein, prior to such filing of a Cash Grant Application, Borrower shall have (x) delivered promptly upon the completion or receipt thereof, as applicable, but in no event later than the Placed in Service Deadline, a draft of such Cash Grant Application together with all supporting documents, including the commissioning report, design plans and final engineering design documents stamped by a licensed professional engineer, and the related Cost Segregation Report for the Project, and (y) obtained the prior written consent of Lender for the filing of such Cash Grant Application, such consent not to be unreasonably withheld, delayed or conditioned.
Sample 1
Cash Grant Application. From and after the filing of the Cash Grant Application for the Project, the factual information and the representations of Borrower set forth in the Cash Grant Application are (i) true, correct and complete in all material respects, (ii) based on reasonable assumptions as to all legal and factual matters material to the figures set forth therein, (iii) consistent with the provisions of the Operative Documents in all material respects, (iv) prepared in good faith and with due care and (v) fairly represent Borrower’s reasonable expectations as to the matters covered thereby. Other than with respect to the Cash Grant Application and the matters covered thereunder, no federal tax credit pursuant to Code Sections 45 and 48 has been or will be claimed with respect to any asset comprising the Project. Borrower has and will continue to make every election that is necessary to claim and apply for the Cash Grant in accordance with the Cash Grant Guidance and applicable law.
Sample 1

Related to Cash Grant Application

  • METHOD OF AWARD AND PROCEDURE FOR AWARDING A SOW AGREEMENT 5.1. Contractor selection, or the determination to terminate the SOW-RFP without award, shall be done in the best interest of the State.

  • Notification of Award 2.28.1 Prior to the expiration of the period of tender validity, the Procuring entity will notify the successful tenderer in writing that its tender has been accepted. 2.28.2 The notification of award will constitute the formation of the Contract but will have to wait until the contract is finally signed by both parties 2.28.3 Upon the successful Tenderer’s furnishing of the performance security pursuant to paragraph 2.28, the Procuring entity will promptly notify each unsuccessful Tenderer and will discharge its tender security, pursuant to paragraph 2.14

  • Confirmation of Grant The Company hereby evidences and confirms, effective as of the date hereof, its grant to the Employee of Options to purchase the number of shares of Common Stock specified on the signature page hereof. The Options are not intended to be incentive stock options under the Code. This Agreement is entered into pursuant to, and the terms of the Options are subject to, the terms of the Plan. If there is any inconsistency between this Agreement and the terms of the Plan, the terms of the Plan shall govern.

  • Federal Award Information A. Xxxxxxx’s Unique Entity Identifier is: RAL3P961PPE3 B. Federal funding under this Grant Agreement is a subaward under the following federal award.

  • Award Agreement Each Option shall be evidenced by an Award Agreement that shall specify the Exercise Price, the expiration date of the Option, the number of Shares to which the Option pertains, any conditions to exercise of the Option, and such other terms and conditions as the Committee, in its discretion, shall determine. The Award Agreement shall specify whether the Option is intended to be an Incentive Stock Option or a Non-qualified Stock Option.

  • Grant Award On and subject to the terms and conditions set forth herein, Triumph hereby agrees to make a grant (the “Grant”) to Grantee in the aggregate maximum amount of up to Two Hundred Thousand and 00/100 Dollars ($200,000.00) (the “Maximum Grant Amount”) to provide partial funding for the Project.

  • NOTICE OF STOCK OPTION GRANT Name: Address:

  • Award Award shall be made on an all-or-none total estimated bid basis to the lowest responsive and responsible Bidder.

  • Stock Option Award In the event of Employee’s involuntary Termination of Employment without Cause or Termination of Employment due to a resignation by Employee for Good Reason that, in either case, occurs on or before the second anniversary of a Change in Control, the Stock Option Award shall become exercisable immediately (whether or not previously exercisable) and shall remain exercisable for the three year period following such Termination of Employment. For this purpose, “Good Reason” has the same meaning determined by Employee’s written employment agreement in effect on the Grant Date. In the event there is no such agreement or definition, then Good Reason means the initial existence of one or more of the following conditions, arising without the consent of the Employee: (1) a material diminution in Employee’s base compensation; (2) a material diminution in Employee’s authority, duties, or responsibilities, so as to effectively cause Employee to no longer be performing the duties of his position; (3) a material diminution in the authority, duties, or responsibilities of the supervisor to whom Employee is required to report.

  • Appeal of Award Within thirty (30) days of a final award by the single arbitrator, you or we may appeal the award for reconsideration by a three-arbitrator panel. If you or we appeal, the other party may cross- appeal within thirty (30) days xXxx notice of the appeal. The panel will reconsider all aspects of the initial award that are appealed, including related findings of fact.

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