Cash Grant Application Sample Clauses

Cash Grant Application. The Tax Matters Member shall:
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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.
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Cash Grant Application. So long as any Obligations with respect to the Tranche B Construction Loans remain outstanding:
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
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
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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. (a) 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

Related to Cash Grant Application

  • Stock Grant Subject to the terms of the Plan, a copy of which has been provided to the Employee and is incorporated herein by reference, the Company grants to the Employee _________ shares of the common stock of the Company, subject to the terms and conditions and restrictions set forth below. If at any time while this Agreement is in effect (or shares of common stock granted hereunder shall be or remain unvested while Employee’s employment continues and has not yet terminated or ceased for any reason), there shall be any increase or decrease in the number of issued and outstanding shares of the Company through the declaration of a stock dividend or through any recapitalization resulting in a stock split-up, combination or exchange of such shares, then the Committee shall make any adjustments it deems fair and appropriate (in view of such change) in the number of shares of common stock then subject to this Agreement. If any such adjustment shall result in a fractional share, such fraction shall be disregarded.

  • Grant and Exercise of Option The Xxxxxx Parties hereby grant to Dow an irrevocable option (the “Option”) to purchase, on the terms and subject to the conditions set forth herein, the Interests at a cash purchase price equal to the Fair Market Enterprise Value (the “Purchase Price”). The Option may be exercised by Dow upon written notice (the “Option Exercise Notice”) to the Xxxxxx Parties at any time after the first anniversary of the Closing Date and prior to the Termination Date. The Option shall terminate and be of no further force and effect upon the earlier to occur of (i) the fifth anniversary of the Closing Date, and (ii) the date of the closing of the first underwritten public offering of the equity interests of the Xxxxxx Group (or its successor) (an “IPO”) pursuant to a registration statement filed pursuant to the Securities Act of 1933, as amended (such date being referred to herein as the “Termination Date”); provided, that Dow will not have the right to exercise the Option after the forty-fifth (45th) day following the date on which the Xxxxxx Parties provide written notice (“Xxxxxx Notice”) to Dow that it has filed such a registration statement for an IPO with the Securities Exchange Commission (it being understood that Dow will have the right to exercise the Option if the Xxxxxx Parties do not consummate an IPO within 180 days of the delivery of such Xxxxxx Notice). Notwithstanding the foregoing sentence, (i) Dow shall be entitled to purchase the Interests in the event that it has exercised the Option in accordance with the terms hereof prior to the Termination Date and (ii) Xxxxxx Parties’ obligation to sell the Interests shall be subject to the restrictive covenants contained in its debt EXECUTION COPY financing agreements as in effect from time to time; provided that such covenants do not adversely materially discriminate against such Interests compared to the assets of the Xxxxxx Parties taken as a whole.

  • Confirmation of Grant The Company hereby evidences and confirms, effective as of the date hereof, its grant to the Associate of Options to purchase the number of shares of Company Common Stock specified on the signature page hereof. The Options are not intended to be Incentive Stock Options. 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.

  • Option Award The Company hereby awards Grantee an Option to purchase shares of Company common stock, par value $.01 per share (“Shares”), pursuant to this Agreement at an exercise price per Share of $XX.XX, subject to the terms and conditions set forth herein and in the Plan. The Option may not be exercised in whole or in part as of the Grant Date, and becomes exercisable only if and to the extent provided in the following paragraphs and otherwise subject to and in accordance with the Plan.

  • 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.

  • Exercise of Stock Option (a) The Optionee may exercise this Option only in the following manner: from time to time on or prior to the Expiration Date of this Option, the Optionee may give written notice to the Board of Directors or its authorized committee (the “Administrator”) of his or her election to purchase some or all of the vested Option Shares purchasable at the time of such notice. This notice shall specify the number of Option Shares to be purchased. Payment of the Stock Option purchase price for the Option Shares may be made by one or more of the following methods: (i) in cash, by certified or bank check or other instrument acceptable to the Administrator; (ii) in the form of shares of Stock that are not then subject to restrictions under any Company plan and that have been held by the Optionee for at least six months prior to the exercise date; or (iii) by the Optionee delivering to the Company a properly executed exercise notice together with irrevocable instructions to a broker to promptly deliver to the Company cash or a check payable and acceptable to the Administrator to pay the Stock Option purchase price, provided that in the event the Optionee chooses to pay the Stock Option purchase price as so provided in this subsection (iii), the Optionee and the broker shall comply with such procedures and enter into such agreements of indemnity and other agreements as the Administrator shall prescribe as a condition of such payment procedure. Payment instruments will be received subject to collection. The delivery of certificates representing the Option Shares will be contingent upon the Company’s receipt from the Optionee of full payment for the Option Shares, as set forth above and any agreement, statement or other evidence that the Administrator may require to satisfy itself that the issuance of Stock to be purchased pursuant to the exercise of Options under the Plan and any subsequent resale of the shares of Stock will be in compliance with applicable laws and regulations.

  • Exercise of Nonstatutory Stock Option There may be a regular ------------------------------------- federal income tax liability upon the exercise of a Nonstatutory Stock Option. The Optionee will be treated as having received compensation income (taxable at ordinary income tax rates) equal to the excess, if any, of the Fair Market Value of the Shares on the date of exercise over the Exercise Price. If Optionee is an Employee or a former Employee, the Company will be required to withhold from Optionee's compensation or collect from Optionee and pay to the applicable taxing authorities an amount in cash equal to a percentage of this compensation income at the time of exercise, and may refuse to honor the exercise and refuse to deliver Shares if such withholding amounts are not delivered at the time of exercise.

  • NOTICE OF STOCK OPTION GRANT Name: Address: You have been granted an option to purchase Common Stock of the Company, subject to the terms and conditions of the Plan and this Award Agreement, as follows: Grant Number Date of Grant Vesting Commencement Date Exercise Price per Share $ Total Number of Shares Granted Total Exercise Price $ Type of Option: Incentive Stock Option Nonstatutory Stock Option Term/Expiration Date:

  • Grant Back The Company agrees that for any patent rights, as defined in the sponsored research agreement that implements Company’s obligation in Section 3.1(e) that it has not licensed, the Company grants back to the Medical School, without limiting in any way its rights under this Agreement, a license to the Patent Rights in order that the Medical School may license the patent rights from the sponsored research to third parties. Medical School shall pay Company {***} of any revenues or other consideration received by Medical School with respect to any patent rights granted back by Company pursuant to this Section 6.6.

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