Generator Payment of Tax Impact Amount Sample Clauses

Generator Payment of Tax Impact Amount. If, as indicated in Exhibit A, Section 5 (Estimated Tax Impact Amount), GPC reasonably determined that the Installation Costs payment for GPC Interconnection Facilities will not likely qualify for the Safe Harbor or will otherwise result in the receipt of taxable income by GPC, Generator, within 10 Business Days after providing Notice to Proceed, must pay the estimated Tax Impact Amount as stated in Exhibit A, Section 5 (Estimated Tax Impact Amount). If Generator pays the full Tax Impact Amount, and Generator’s actual Facility operations fully meet all Safe Harbor requirements and do not result in a Disqualification Event (which for example, such a Disqualification Event would occur if more than 5% of the total power flows over the Interconnection Facilities flow to Generator’s Site for each of any three taxable years within any period of five consecutive taxable years during the First 10 Tax Years) or it is otherwise determined that the Installation Costs do not have to be recognized by GPC as taxable income, GPC will refund the Tax Impact Amount paid at the mutually- agreed conclusion of the Safe Harbor Disqualification Test Period.
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Related to Generator Payment of Tax Impact Amount

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