Common use of No Tax-Exempt Controlled Entity Clause in Contracts

No Tax-Exempt Controlled Entity. So long as Seller and its Affiliates own an interest greater than 10% in Purchaser, Seller’s and its Affiliates’ ownership shall not cause Purchaser to be a “tax-exempt controlled entity” within the meaning of Code Section 168(h)(6)(F)(iii)(I).

Appears in 8 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Pattern Energy Group Inc.), Purchase and Sale Agreement

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No Tax-Exempt Controlled Entity. So long as Seller and its Affiliates own an interest greater than 10% in Purchaser, Seller’s and its Affiliates’ ownership shall not cause Purchaser to be a “tax-exempt controlled entity” within the meaning of Code Section 168(h)(6)(F)(iii)(I168(h)(6) (F)(iii)(I).

Appears in 1 contract

Samples: Purchase and Sale Agreement

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No Tax-Exempt Controlled Entity. So long as Seller and its Affiliates own an interest greater than 10% in Purchaser, Seller’s and its Affiliates’ ownership shall not cause Purchaser to be a “tax-exempt controlled entity” within the meaning of Code Section 168(h)(6)(F)(iii)(I).. ARTICLE 5

Appears in 1 contract

Samples: Purchase and Sale Agreement

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