Common use of Federal Tax Credit Clause in Contracts

Federal Tax Credit. For purposes of this Agreement, Seller (check one box only): (a) X qualifies for and will take the Federal Investment Tax Credit. (b) qualifies for and will take the Federal Production Tax Credit, and has selected to be eligible for Federal Production Tax Credit reimbursement under Section 4.02. (c) qualifies for and will take the Federal Production Tax Credit, but has selected to not be eligible for Federal Production Tax Credit reimbursement under Section 4.02. (d) will not take a Federal Tax Credit. Notwithstanding any election pursuant to this Section 1.10, Seller may take any federal tax credit available to it; provided, any provisions in this Agreement related to any federal tax credits shall relate solely to the federal tax credit elected pursuant to this Section 1.10 and shall not be updated or modified in the event that Seller takes a federal tax credit other than that elected pursuant to this Section 1.10.

Federal Tax Credit. For purposes of this Agreement, Seller (check one box only): (a) X qualifies for and will take the Federal Investment Tax Credit. (b) qualifies for and will take the Federal Production Tax Credit, and has selected to be eligible for Federal Production Tax Credit reimbursement under Section 4.02. (c) qualifies for and will take the Federal Production Tax Credit, but has selected to not be eligible for Federal Production Tax Credit reimbursement under Section 4.02. (d) will not take a Federal Tax Credit. Notwithstanding any election pursuant to this Section 1.10, Seller may take any federal tax credit available to it; provided, any provisions in this Agreement related to any federal tax credits credits, including Section 2.04(a)(ii), shall relate solely to the federal tax credit elected pursuant to this Section 1.10 and shall not be updated or modified in the event that Seller takes a federal tax credit other than that elected pursuant to this Section 1.10.

Federal Tax Credit. ‌ For purposes of this Agreement, Seller (check one box only): (a) X qualifies for and will take the Federal Investment Tax Credit.{Intentionally Omitted} (b) qualifies for and will take the Federal Production Tax Credit, and has selected to be eligible for Federal Production Tax Credit reimbursement under Section 4.024.01(d). (c) qualifies for and will take the Federal Production Tax Credit, but has selected to not be eligible for Federal Production Tax Credit reimbursement under Section 4.024.01(d). (d) X will not take a Federal Tax Credit. Notwithstanding any election pursuant to this Section 1.10, Seller may take any federal tax credit available to it; provided, any provisions in this Agreement related to any federal tax credits shall relate solely to the federal tax credit elected pursuant to this Section 1.10 and shall not be updated or modified in the event that Seller takes a federal tax credit other than that elected pursuant to this Section 1.10.