Production Tax Credit Sample Clauses

Production Tax Credit. If legislation providing for an extension of tax credits for _________________ a period of at least __________ years in the amount of at least __________________ per MWh, for a [Insert Technology Type] facility placed in service before__________, is not enacted by [Insert Date], then Seller may terminate this Agreement and the Transaction entered into hereunder by written notice to Buyer. If Seller has the right to terminate this Agreement and the Transaction pursuant to this subsection 10.1(c), but fails to send written notice of termination by ______________, then Seller's termination right per this subsection 10.1(c) shall be deemed waived in its entirety.
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Production Tax Credit. If the Seller receives the Investment Tax Credit or the Renewable Energy Grant for the Facility, the PTC Adder shall be multiplied by zero (0) megawatt hours. If the Seller does not receive the Investment Tax Credit or the Renewable Energy Grant for the Facility and Production Tax Credits are available for the Energy produced from the Facility, then during the first ten (10) years of the Delivery Term the PTC Adder shall be multiplied by the positive difference of the Available Energy in the Billing Period less the Delivered Energy in the Billing Period. If the Seller does not receive the Investment Tax Credit or the Renewable Energy Grant for the Facility and Production Tax Credits are not available for the Energy produced from the Facility for any part of the first ten
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Production Tax Credit. Investment Tax Credit enXco will utilize either the Investment Tax Credit (“ITC”) or the Production Tax Credit (“PTC”) for the Project. Further discussion is included in Confidential Appendix A.
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Production Tax Credit. Investment Tax Credit CMS has informed PG&E that the Project is eligible for the Investment Tax Credit. Further detail is included in Confidential Appendix A.
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Production Tax Credit. Investment Tax Credit Given Bottle Rock’s commercial operating date of October 2007, all production from the Project is eligible to earn federal production tax credits (“PTCs”) through September 2017. However, negative operating cash flow since the start of operations has hampered Bottle Rock’s ability to monetize the PTCs. The A&R PPA will enable Bottle Rock to Advice 4048-E May 25, 2012 operate at cash flow positive, qualifying the Project for tax equity financing and allowing the plant to monetize both its PTCs and depreciation to finance expansion activities.
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Production Tax Credit. Investment Tax Credit According to Xxxxx, the Project will make use of the Federal Investment Tax Credit (“ITC”) for solar renewable energy facilities. Further details are addressed in Confidential Appendix D.
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Production Tax Credit. If federal legislation providing for an extension of Production Tax Credits provided in Section 45 of the Internal Revenue Code, on equivalent terms and conditions (including an escalation factor) as in effect on the Execution Date, for a wind facility placed in service on or before December 31, 2010 ("In-Service Date"), is not enacted by September 30, 2009, and the Guaranteed Commercial Operation Date is in the year 2010 due to an event of Force Majeure or due to a delay in obtaining interconnection service under Section 3.9(c)(v), then Seller may terminate this Agreement without liability by providing Notice of termination and including in such Notice Seller’s determination of the amount of lost economic benefit, determined on an after-tax basis, of the Production Tax Credit, to Buyer on or before October 30, 2009; provided that Buyer may, at its option, override such Notice of termination by providing Notice to Seller within sixty (60) days of receipt of Seller’s Notice to terminate and by agreeing in such Notice to compensate Seller for the amount of lost economic benefit, determined on an after-tax basis, of the Production Tax Credits, either in the amount specified by Seller in its termination Notice or as otherwise mutually agreed to by the Parties prior to Buyer's override Notice. If Buyer does not override the termination Notice provided by Seller to Buyer, then the Agreement shall terminate and Buyer shall return any Project Development Security (including, if applicable, the payment of any interest due thereon pursuant to Section 8.4(d)) to Seller within eighty (80) days after Buyer received Seller's Notice of termination. If, at any time within three (3) years of Seller's termination of the Agreement pursuant to this Section 10.1(c), Seller intends to resume its efforts to complete the Project, then Seller shall provide Notice to Buyer of its intent to complete the Project, and Buyer and Seller shall, for a period of ninety (90) days from Seller's Notice, engage in the negotiation of a revised agreement, including designating (I) a new Contract Price, (II) a new Financing Milestone Date, if applicable, (III) new Guaranteed Project Milestones, if applicable, and (IV) Project Development Security or Delivery Term Security, as applicable. If the Parties are unable to agree upon a revised agreement within ninety (90) days of commencing negotiations, neither Party shall have any further obligation under this Section 10.1(c).
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Related to Production Tax Credit

  • Tax Credit If an Obligor makes a Tax Payment and the relevant Finance Party determines that:

  • Tax Credits A Creditor Party which receives for its own account a repayment or credit in respect of tax on account of which the Borrowers have made an increased payment under Clause 23.2 shall pay to the Borrowers a sum equal to the proportion of the repayment or credit which that Creditor Party allocates to the amount due from the Borrowers in respect of which the Borrowers made the increased payment, provided that:

  • EQUIPMENT TAX ASSESSMENT 17.1 Any bid for public improvement shall comply with Nebraska Revised Statutes Section 77-1323 and 77-1324. Indicating; every person, partnership, limited liability company, association or corporation furnishing labor or material in the repair, alteration, improvement, erection, or construction of any public improvement shall sign a certified statement which will accompany the contract. The certified statement shall state that all equipment to be used on the project, except that acquired since the assessment date, has been assessed for taxation for the current year, giving the county where assessed.

  • Export Taxes Neither Party shall adopt or maintain any duty, tax, or other charge on the export of any good to the territory of the other Party, unless the duty, tax, or charge is also adopted or maintained on the good when destined for domestic consumption.

  • Payment; Non-appropriation; Taxes Payment shall be made by County within thirty (30) days of receipt of invoice. It is specifically understood and agreed that in the event no funds or insufficient funds are appropriated by Fort Bend County under this Agreement, Fort Bend County shall notify all necessary parties that this Agreement shall thereafter terminate and be null and void on the last day of the fiscal period for which appropriations were made without penalty, liability or expense to Fort Bend County. County is a body corporate and politic under the laws of the State of Texas and claims exemption from sales and use taxes. A copy of a tax-exempt certificate will be furnished upon request. Interest resulting from late payments by County shall be governed by Chapter 2251, TEXAS GOVERNMENT CODE.

  • INCOME TAXES Paragraph 1. The authority citation for part 1 continues to read in part as follows: Authority: 26 U.S.C. 7805 * * * EXHIBIT G-2 FORM OF TRANSFEROR CERTIFICATE __________ , 20__ Residential Funding Mortgage Securities I, Inc. 8400 Normandale Xxxx Xxxxxxxxx Xxxxx 000 Xxxxxxxxxxx, Xxxxxxxxx 00000 [Trustee] Attention: Residential Funding Corporation Series _______ Re: Mortgage Pass-Through Certificates, Series ________, Class R[-__] Ladies and Gentlemen: This letter is delivered to you in connection with the transfer by _____________________ (the "Seller") to _____________________(the "Purchaser") of $______________ Initial Certificate Principal Balance of Mortgage Pass-Through Certificates, Series ________, Class R[-__] (the "Certificates"), pursuant to Section 5.02 of the Series Supplement, dated as of ________________, to the Standard Terms of Pooling and Servicing Agreement dated as of ________________ (together, the "Pooling and Servicing Agreement") among Residential Funding Mortgage Securities I, Inc., as seller (the "Company"), Residential Funding Corporation, as master servicer, and __________, as trustee (the "Trustee"). All terms used herein and not otherwise defined shall have the meanings set forth in the Pooling and Servicing Agreement. The Seller hereby certifies, represents and warrants to, and covenants with, the Company and the Trustee that:

  • Credit Union Deductions The Employer agrees to honor Credit Union deduction requests for members who have properly signed and executed the payroll deduction form. Such deduction shall remain in effect until the Employer is properly notified in writing by the employee of any change.

  • Goods and Services Tax (GST (a) For the purposes of clause 9:

  • Union Deductions All employees who are covered by the certification with the Union shall, as a condition of continuing employment, authorize a deduction from their pay cheques of the amount of the dues, levies and assessments payable to the Union by a member of the Union. The Employer shall provide a copy of the authorization form, which has been forwarded by the Union, to each new employee. Upon receipt of written notice from the Union, the Employer shall terminate the services of any employee who does not authorize the deduction as above. The Employer agrees to deduct the amount of the Union dues, levies and assessments payable to the Union by an employee in the Union’s bargaining unit. The Union shall inform the Employer in writing of the amount to be deducted from each employee. The Union shall advise the Employer in writing sixty (60) calendar days in advance of any change in the amount to be deducted. The Employer shall remit such dues, levies and assessments to the Union within twenty-eight (28) calendar days from the date of deduction, together with a written statement containing the names of the employees for whom the deductions were made and the amount of each deduction. The Employer shall supply each employee, without charge, a receipt for income tax purposes shown on the T4 slip in the amount of the deductions paid to the Union by the employee in the previous year. Such receipts shall be provided to the employee prior to March 1 of the succeeding year. Deductions for levies and assessments shall be a percentage of wages.

  • Regulatory Event New Taxes If, after the Effective Date, a Regulatory Event occurs or New Taxes are imposed, and such event or taxes have a direct, material and adverse effect on the economic benefits to a Party of this ESA, the affected Party shall send written notice to the other Party, setting forth the Regulatory Event or New Taxes and reasonably demonstrating the effect of the same on the affected Party. Upon delivery of such notice, the Parties shall use reasonable efforts to negotiate an amendment to this ESA to mitigate such effect. Alternatively, if as a direct result of such a Regulatory Event or New Taxes, the Competitive Supplier incurs additional, material costs, the Competitive Supplier shall provide a written notice to the Town that documents: a) the effective date of the Regulatory Event or New Taxes; b) a detailed explanation and reasonable demonstration of the material costs incurred as a result of the Regulatory Event or New Taxes; c) the timing of the cost impact to be incurred by the Competitive Supplier; d) the proposed price increase per kWh to be passed on to Participating Consumers; and e) a proposed plan for coordinating with the Local Distributor for an increase in the price per kWh that is billed by the Local Distributor, designed to reimburse the Competitive Supplier for such cost impact. If the Town and the Competitive supplier cannot agree on the amendment to this ESA or reimbursement contemplated by this section, the matter may be subject to dispute resolution in accordance with section 12.2. In no event shall a price change become effective without providing Participating Consumers with a 30-day advance notice of the price change.

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