Common use of Maintenance of Operations Clause in Contracts

Maintenance of Operations. The Company shall maintain operations at the Project for a minimum of ten (10) years beginning on the date the Project is Placed in Service. In addition to any other rights the Department may have under the terms of this Agreement, in the event that the Company discontinues of operations at the Project, such discontinuation may subject the Company to certain statutory provisions, including:

Appears in 46 contracts

Samples: Edge Tax Credit Agreement, Edge Tax Credit Agreement, Edge Tax Credit Agreement

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Maintenance of Operations. The Company shall maintain operations at the Project for a minimum of ten (10) 10 years beginning on the date the Project is Placed in Service. In addition to any other rights the Department may have under the terms of this Agreement, in the event that the Company discontinues of operations at the Project, such discontinuation may subject the Company to certain statutory provisions, including:

Appears in 6 contracts

Samples: Rev Tax Credit Agreement, Rev Tax Credit Agreement, Rev Tax Credit Agreement

Maintenance of Operations. The Company shall maintain operations at the Project for a minimum of ten (10) 15 years beginning on the date the Project is Placed in In Service. In addition to any other rights the Department may have under the terms of this Agreement, in the event that the Company discontinues of operations at the Project, such discontinuation may subject the Company to certain statutory provisions, including:

Appears in 2 contracts

Samples: Tax Credit Agreement (Rivian Automotive, Inc. / DE), Rev Tax Credit Agreement

Maintenance of Operations. The Company shall maintain operations at the Project for a minimum of ten 15 years (10or if the Agreement is renewed in accordance with III.A, for 30 years) years beginning on the date the Project is Placed in In Service,. In addition to any other rights the Department may have under the terms of this Agreement, in the event that the Company discontinues of operations at the Project, such discontinuation may subject the Company to certain statutory provisions, including:

Appears in 1 contract

Samples: Rev Tax Credit Agreement

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Maintenance of Operations. The Company shall maintain operations at the Project for a minimum of ten (10) years beginning on the date the Project is Placed in Service. In addition to any other rights the Department may have under the terms of this Agreement, in the event that the Company discontinues of operations at the Project, such discontinuation may subject the Company to certain statutory provisions, including:including:‌

Appears in 1 contract

Samples: Edge Tax Credit Agreement

Maintenance of Operations. The Company shall maintain operations at the Project for a minimum of ten 15 years (10or if the Agreement is renewed in accordance with III.A, for 30 years) years beginning on the date the Project is Placed in Service. In addition to any other rights the Department may have under the terms of this Agreement, in the event that the Company discontinues of operations at the Project, such discontinuation may subject the Company to certain statutory provisions, including:

Appears in 1 contract

Samples: Rev Tax Credit Agreement

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