Investment Tax Credits. Landlord expressly waives and relinquishes in favor of Tenant any rights to claim the benefit of or to use any federal or state investment tax credits that are currently, or may become, available during the Term as a result of any installation of any equipment, furniture or fixtures installed by Tenant in or on the Premises whether or not such items become a part of the realty and agrees, without cost or liability to Landlord, to execute and deliver to Tenant any election form reasonably required to evidence Tenant’s right to claim investment tax credits.
Investment Tax Credits. All investment and other tax credits that may be claimed in respect of any Services performed pursuant to a Statement of Work may, be claimed by Yak. Convenxia hereby agrees to provide all reasonable assistance, including the completion and execution of all relevant filings and other documents to assist Yak in such claims.
Investment Tax Credits. As System owner, Lessor is expected to receive a Direct Pay Investment Tax Credit (ITC) equal to 34% of the system cost ($758,344). This is per the terms of the Inflation Reduction Act of August 2022. Upon receipt, the full value of this ITC shall be assigned to Lessee. If actual ITC is less than the anticipated value, Lessee shall be responsible for any difference. This would not change the terms of the Contract Price as Lessee shall provide Cash Contribution (see previous section) equal to the value of the anticipated ITC. Lessee shall cooperate with Lessor in securing the benefit of all Tax Credits. Exhibit 4
Investment Tax Credits. All research and development investment tax credits (“ITCs”) claimed by the Company were claimed in accordance with the Tax Act and relevant provincial legislation and the Company satisfied at all times all relevant criteria and conditions entitling it to receive the ITCs. All refunds of ITCs received or receivable by the Company in any financial period were claimed in accordance with the Tax Act and relevant provincial legislation, and the Company satisfied at all times all relevant criteria and conditions entitling it to claim a refund of such ITCs.
Investment Tax Credits. Any ITC attributable to the Generating Facility shall remain the entitlement of Seller (or its designee).
Investment Tax Credits. If the Partnership’s adjusted tax basis in an item of depreciable property is adjusted pursuant to the Code to reflect any investment tax credit available with respect to the asset, the amount of the adjustment shall be treated as a Partnership expense and shall be allocated in the ratio in which the investment tax credit (or qualified investment in Code § 38 property) that gave rise to the basis adjustment is allocated. Any restoration of the adjusted tax basis occurring as the result of any recapture of previously allowed investment tax credit with respect to any Partnership property shall be treated as Partnership income and shall be allocated in the same ratio in which the investment tax credit (or qualified investment in Code § 38 property the disposition of which gave rise to the restoration of adjusted tax basis) was allocated.
Investment Tax Credits. If the Program’s adjusted tax basis in an item of depreciable property is adjusted pursuant to the Code to reflect any investment tax credit available with respect to the asset, the amount of the adjustment shall be treated as a Program expense and shall be allocated in the ratio in which the investment tax credit (or qualified investment in Code § 38 property) that gave rise to the basis adjustment is allocated. Any restoration of the adjusted tax basis occurring as the result of any recapture of previously allowed investment tax credit with respect to any Program property shall be treated as Program income and shall be allocated in the same ratio in which the investment tax credit (or qualified investment in Code § 38 property the disposition of which gave rise to the restoration of adjusted tax basis) was allocated.
