ITC Percentage Sample Clauses

ITC Percentage. With respect to a Financing Funding, no model affecting Managing Member Distributions delivered to (and agreed to in writing by) the related Tax Equity Investor pursuant to the applicable Financing Fund LLCA or ITC Buyer pursuant to a related ITC Transfer Agreement shall reflect Tax Credits with respect to any Solar Asset owned by such Financing Fund in an amount greater than [***]% unless (i) such increase in the Tax Credits is a result of an adder for an Approved Bonus Credit and (ii) such Financing Fund is covered by a Tax Loss Insurance Policy which provides sufficient coverage for such increased Tax Credits (as determined by a single counsel to the Administrative Agent and the Lenders) of the Project Purchase Price of such Solar Asset. 118556040.20118095118.53 Schedule I-16 Bank Name: [***] ABA No.: [***] Account No.: [***] Account Name: [***] FFC: [***] Bank Name: [***] ABA No.: [***] Account No.: [***] Account Name: [***] FFC: [***] Bank Name: [***] ABA No.: [***] Acct: [***] Account Name: [***] FFC: [***] Bank Name: [***] ABA No.: [***] Account No.: [***] Account Name: [***] 118556040.20118095118.53 Schedule II-1 FFC: [***] Bank Name: [***] ABA No.: [***] Account No.: [***] Account Name: [***] FFC: [***] Bank Name: [***] ABA No.: [***] Account No.: [***] Account Name: [***] FFC: [***] Bank Name: [***] ABA No.: [***] Account No.: [***] Account Name: [***] Reference: [***] 118556040.20118095118.53 Schedule II-2 118556040.20118095118.53 Schedule III-1 118556040.20118095118.53 Schedule IV-1 118556040.20118095118.53 Schedule V-1 118556040.20118095118.53 Schedule VI-1 118556040.20118095118.53 Schedule VII-1
Sample 1See All (4)
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ITC Percentage. The final true-up model with respect to such Tax Equity Fund delivered to the related Tax Equity Investor pursuant to the applicable Tax Equity Opco LLC Agreement shall not reflect an Unapproved Bonus Credit.
Sample 1
ITC Percentage. The final true-up model with respect to such Tax Equity Fund delivered to the related Tax Equity Investor pursuant to the applicable Tax Equity Opco LLC Agreement shall not reflect an Unapproved Bonus Credit. [***] = Certain information contained in this document, marked by brackets, has been omitted because it is both not material and would be competitively harmful if publicly disclosed. With respect to any Tax Equity Fund as to the first Borrowing Date on which a Solar Asset held by such Tax Equity Fund is included in the Borrowing Base Pool:
Sample 1
ITC Percentage. The final true-up model with respect to such Tax Equity Fund delivered to the related Tax Equity Investor pursuant to the applicable Tax Equity Opco LLC Agreement shall not reflect an ITC with respect to any Solar Asset owned by such Tax Equity Fund in an amount greater than 30% of the Purchase Price of such Solar Asset. With respect to any Tax Equity Fund as to the first Borrowing Date on which a Solar Asset held by such Tax Equity Fund is included in the Borrowing Base Pool:
Sample 1

Related to ITC Percentage

  • Applicable Percentage Except as provided otherwise in the next sentence, the term "Applicable Percentage" shall mean: (i) 0% during the one-year period commencing on the Closing Date (ii) 20% during the one-year period commencing on the first anniversary of the Closing Date; (iii) 40% during the one-year period commencing on the second anniversary of the Closing Date; (iv) 60% during the one-year period commencing on the third anniversary of the Closing Date; (v) 80% during the one-year period commencing on the fourth anniversary of the Closing Date; and (vi) 100% on and after the fifth anniversary of the Closing Date. Notwithstanding the foregoing, (A) immediately prior to and after the occurrence of a Sale of the Company, such Applicable Percentage shall mean 100%, and (B) in the case of a termination of employment described in Section 7.2(a)(iii)(B), such Applicable Percentage in clauses (i), (ii) and (iii) shall be 0%, and in clauses (iv) and (v) and (vi) shall be 40%, 75% and 100%, respectively.

  • Commitment Percentage With respect to each Lender, the percentage set forth on Schedule 1.1 hereto as such Lender’s percentage of the aggregate Commitments of all of the Lenders, as the same may be changed from time to time in accordance with the terms of this Agreement.

  • Original Class A Percentage The Original Class A Percentage is 96.09547893%

  • Discount Percentage The Discount Percentage shall be based upon the monthly average of the net assets of all of the funds on Master Schedule A to Management Contracts (“Group Assets”), as may be updated from time to time, and the monthly average of the net assets of the Fund (computed in the manner set forth in the Trust’s Declaration of Trust or other organizational document) determined as of the close of business on each business day throughout the month. After determination of the average Group Assets tier bound level in Master Schedule B to Management Contracts, as may be updated from time to time, which is hereby incorporated by reference into this Contract, the Discount Percentage shall be determined on a cumulative basis pursuant to the schedule set forth in Master Schedule B to Management Contracts.

  • Original Subordinated Percentage The Original Subordinated Percentage is 4.07783388%.

  • Commitments and Applicable Percentages 5.01 Loan Parties Organizational Information 5.08(b)(1) Owned Real Estate 5.08(b)(2) Leased Real Estate 5.10 Insurance 5.13 Subsidiaries; Other Equity Investments

  • Pro Rata Share A Participation Rights Holder’s “Pro Rata Share” for purposes of the Right of Participation is the ratio of (a) the number of Ordinary Shares (calculated on a fully-diluted and as-converted basis) held by such Participation Rights Holder, to (b) the total number of Ordinary Shares (calculated on a fully-diluted and as-converted basis) then outstanding immediately prior to the issuance of New Securities giving rise to the Right of Participation.

  • Reallocation of Applicable Percentages to Reduce Fronting Exposure During any period in which there is a Defaulting Lender, for purposes of computing the amount of the obligation of each non-Defaulting Lender to acquire, refinance or fund participations in Letters of Credit or Swing Line Loans pursuant to Sections 2.03 and 2.04, the “Applicable Percentage” of each non-Defaulting Lender shall be computed without giving effect to the Commitment of that Defaulting Lender; provided, that, (i) each such reallocation shall be given effect only if, at the date the applicable Lender becomes a Defaulting Lender, no Default or Event of Default exists; and (ii) the aggregate obligation of each non-Defaulting Lender to acquire, refinance or fund participations in Letters of Credit and Swing Line Loans shall not exceed the positive difference, if any, of (1) the Commitment of that non-Defaulting Lender minus (2) the aggregate Outstanding Amount of the Committed Loans of that Lender.

  • Annual Percentage Rate Each Receivable has an APR of not more than 25.00%.

  • Reserve Percentage For any Interest Period, that percentage which is specified three (3) Business Days before the first day of such Interest Period by the Board of Governors of the Federal Reserve System (or any successor) or any other governmental or quasi-governmental authority with jurisdiction over Agent or any Lender for determining the maximum reserve requirement (including, but not limited to, any marginal reserve requirement) for Agent or any Lender with respect to liabilities constituting of or including (among other liabilities) Eurocurrency liabilities in an amount equal to that portion of the Loan affected by such Interest Period and with a maturity equal to such Interest Period.

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