GPC Payment of Total Tax Impact Amount Sample Clauses

GPC Payment of Total Tax Impact Amount. If, during the Safe Harbor Disqualification Test Period, there is a Disqualification Event or GPC determines that the Installation Costs must otherwise be included in GPC’s taxable income, GPC will pay tax on the Installation Costs payment in accordance with applicable tax regulations. Generator must reimburse GPC for the Total Tax Impact Amount. If applicable, GPC will draw upon the Tax Impact security LC per Use of Tax Impact Security (Section 2.4.C(i)) or, if applicable, will apply the proceeds held per Letter of Credit Renewal (Section 2.8.C). If GPC, in its sole discretion did not require financial security for the Tax Impact Amount, or if the financial security held is insufficient to cover the Total Tax Impact Amount, Generator must reimburse the Total Tax Impact Amount, or balance of the Total Tax Impact Amount, within 20 Calendar Days after written notice and invoice from GPC.
Sample 1
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GPC Payment of Total Tax Impact Amount. If, during the Safe Harbor Disqualification Test Period, there is a Disqualification Event or GPC determines that the Installation Costs must otherwise be included in GPC’s taxable income, GPC will pay tax on the Installation Costs payment in accordance with applicable tax regulations. Generator must reimburse GPC for the Total Tax Impact Amount. If applicable, GPC will draw upon the Tax Impact security LC per Use of Tax Impact Security (Section 2.4.C(i)) or, if applicable, will apply the proceeds held per Letter of Credit Renewal (Section 2.9.
Sample 1

Related to GPC Payment of Total Tax Impact Amount

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