Federal Energy Credit Initial Year Adjuster Sample Clauses

Federal Energy Credit Initial Year Adjuster. In addition to any other adjustment to the Limited Partner’s Capital Contribution or payments required under this Section 3.3, if the Federal Energy Credits allocated to the Limited Partner for [20 ] are then determined to be less than the Projected Credit Amount for such Federal Energy Credits on Exhibit A-3 due to any failure to complete installation of the Solar Facility and to qualify for the Federal Energy Credits in [20__], then the Capital Contribution of the Limited Partner to the Partnership shall be reduced by an amount equal to the Projected Federal Energy Credit minus the actual Federal Energy Credit, if any, allocated to the Limited Partner for [20__], which amount shall be multiplied by [$TBD] (the “Federal Energy Timing Reduction Amount”). Any reduction in the Limited Partner’s Capital Contribution caused by the Federal Energy Timing Reduction Amount shall first be applied to reduce any unfunded Capital Contributions (in the chronological order of such unfunded Capital Contributions). If the amount of the Federal Energy Timing Adjustment Amount is greater than all unfunded Capital Contributions, then the General Partner shall immediately make a Credit Adjuster Advance, in the aggregate amount set forth in, and pursuant to, Section 3.3(i). It is understood and agreed that the provisions of this Section 3.3(e) are intended to address any delays in the delivery of Federal Energy Credits, but only after Federal Energy Credits have been adjusted pursuant to Section 3.3(a). It is intended that the adjustments and/or payments required by this Section 3.3(e) are to compensate the Limited Partner for the delay in the receipt of Federal Energy Credits.
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Related to Federal Energy Credit Initial Year Adjuster

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