Common use of Subsequent Taxable Events Clause in Contracts

Subsequent Taxable Events. If, within 10 years from the date on which the relevant Participating TO's Interconnection Facilities are placed in service, (i) the Interconnection Customer Breaches the covenants contained in Article 5.17.2, (ii) a "disqualification event" occurs within the meaning of IRS Notice 88-129, or (iii) this LGIA terminates and the Participating TO retains ownership of the Interconnection Facilities and Network Upgrades, the Interconnection Customer shall pay a tax gross-up for the cost consequences of any current tax liability imposed on the Participating TO, calculated using the methodology described in Article 5.17.4 and in accordance with IRS Notice 90-60.

Appears in 99 contracts

Samples: Interconnection Agreement, Large Generator Interconnection Agreement, Large Generator Interconnection Agreement

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Subsequent Taxable Events. If, within 10 years from the date on which the relevant Participating TO's Interconnection Facilities are placed in service, (i) the Interconnection Customer Breaches the covenants contained in Article 5.17.2, (ii) a "disqualification event" occurs within the meaning of IRS Notice 88-129, or (iii) this LGIA terminates and the Participating TO retains ownership of the Interconnection Facilities and Network Upgrades, the Interconnection Customer shall pay a tax gross-up for the cost consequences of any current tax liability imposed on the Participating TO, calculated using the methodology described in Article 5.17.4 and in accordance with IRS Notice 90-90- 60.

Appears in 66 contracts

Samples: Large Generator Interconnection Agreement, Caiso Tariff Appendix Z, Large Generator Interconnection Agreement

Subsequent Taxable Events. If, within 10 ten (10) years from the date on which the relevant Participating TO's Interconnecting Transmission Owner’s Interconnection Facilities are placed in service, (i) the Interconnection Customer Breaches the covenants covenant contained in Article 5.17.2, (ii) a "disqualification event" occurs within the meaning of IRS Notice 88-129, or (iii) this LGIA terminates and the Participating TO Interconnecting Transmission Owner retains ownership of the Interconnection Facilities and Network Upgrades, the Interconnection Customer shall pay a tax gross-up for the cost consequences of any current tax liability imposed on the Participating TOInterconnecting Transmission Owner, calculated using the methodology described in Article 5.17.4 and in accordance with IRS Notice 90-60.

Appears in 20 contracts

Samples: Interconnection Agreement, Via Electronic Filing, Interconnection Agreement

Subsequent Taxable Events. If, within 10 years from the date on which the relevant Participating TO's Transmission Owner’s Interconnection Facilities are placed in service, (i) the Interconnection Customer Breaches the covenants contained in Article 5.17.2, (ii) a "disqualification event" occurs within the meaning of IRS Notice 88-129, or (iii) this LGIA GIA terminates and the Participating TO Transmission Owner retains ownership of the Interconnection Facilities and Network Upgrades, the Interconnection Customer shall pay a tax gross-up for the cost consequences of any current tax liability imposed on the Participating TOTransmission Owner, calculated using the methodology described in Article 5.17.4 and in accordance with IRS Notice 90-60.

Appears in 9 contracts

Samples: Generator Interconnection Agreement, Generator Interconnection Agreement, Generator Interconnection Agreement

Subsequent Taxable Events. If, within 10 years from the date on which the relevant Participating TOTransmission Provider's Interconnection Facilities are placed in service, (i) the Interconnection Customer Breaches the covenants contained in Article 5.17.2, (ii) a "disqualification event" occurs within the meaning of IRS Notice 88-88- 129, or (iii) this LGIA terminates and the Participating TO Transmission Provider retains ownership of the Interconnection Facilities and Network Upgrades, the Interconnection Customer shall pay a tax gross-up for the cost consequences of any current tax liability imposed on the Participating TOTransmission Provider, calculated using the methodology described in Article 5.17.4 and in accordance with IRS Notice 90-60.

Appears in 8 contracts

Samples: Revision History*, Large Generator Interconnection Agreement, Large Generator Interconnection Agreement

Subsequent Taxable Events. If, within 10 years from the date on which the relevant Participating TOTransmission Provider's Interconnection Facilities are placed in service, (i) the Interconnection Customer Breaches the covenants contained in Article 5.17.2, (ii) a "disqualification event" occurs within the meaning of IRS Notice 88-129, or (iii) this LGIA terminates and the Participating TO Transmission Provider retains ownership of the Interconnection Facilities and Network Upgrades, the Interconnection Customer shall pay a tax gross-up for the cost consequences of any current tax liability imposed on the Participating TOTransmission Provider, calculated using the methodology described in Article 5.17.4 and in accordance with IRS Notice 90-60.

Appears in 6 contracts

Samples: Agreement, Agreement, Interconnection Agreement

Subsequent Taxable Events. If, within 10 years from the date on which the relevant Participating TO's Transmission Owner’s Interconnection Facilities are placed in service, (i) the Interconnection Customer Breaches the covenants contained in Article 5.17.2, (ii) a "disqualification event" occurs within the meaning of IRS Notice 88-129, or (iii) this LGIA terminates and the Participating TO Transmission Owner retains ownership of the Interconnection Facilities and Network Upgrades, the Interconnection Customer shall pay a tax gross-up for the cost consequences of any current tax liability imposed on the Participating TOTransmission Owner, calculated using the methodology described in Article 5.17.4 and in accordance with IRS Notice 90-60.

Appears in 4 contracts

Samples: Original Service Agreement, Interconnection Agreement, Second Revised Service Agreement

Subsequent Taxable Events. If, within 10 ten (10) years from the date on which the relevant Participating TO's Transmission Provider’s Interconnection Facilities are placed in service, (i) the Interconnection Customer Breaches the covenants contained in Article 5.17.2, (ii) a "disqualification event" occurs within the meaning of IRS Notice 88-129, or (iii) this LGIA terminates and the Participating TO Transmission Provider retains ownership of the Interconnection Facilities and Network Upgrades, the Interconnection Customer shall pay a tax gross-up for the cost consequences of any current tax liability imposed on the Participating TOTransmission Provider, calculated using the methodology described in Article 5.17.4 and in accordance with IRS Notice 90-60.

Appears in 3 contracts

Samples: www.transmissionhub.com, www.transmissionhub.com, www.transmissionhub.com

Subsequent Taxable Events. If, within 10 years from the date on which the relevant Participating TO's Transmission Provider’s Interconnection Facilities are placed in service, (i) the Interconnection Customer Breaches the covenants contained in Article 5.17.2, (ii) a "disqualification event" occurs within the meaning of IRS Notice 88-129, or (iii) this LGIA terminates and the Participating TO Transmission Provider retains ownership of the Interconnection Facilities and Network Upgrades, the Interconnection Customer shall pay a tax gross-up for the cost consequences of any current tax liability imposed on the Participating TOTransmission Provider, calculated using the methodology described in Article 5.17.4 and in accordance with IRS Notice 90-60.

Appears in 2 contracts

Samples: Large Generator Interconnection Agreement, Interconnection Agreement (Renegy Holdings, Inc.)

Subsequent Taxable Events. If, within 10 years from the date on which the relevant Participating TOTransmission Provider's Interconnection Facilities are placed in service, (i) the Interconnection Customer Breaches the covenants contained in Article 5.17.2, (ii) a "disqualification event" occurs within the meaning of IRS Notice 88-129, or (iii) this QF-LGIA terminates and the Participating TO Transmission Provider retains ownership of the Interconnection Facilities and Network Upgrades, the Interconnection Customer shall pay a tax gross-up for the cost consequences of any current tax liability imposed on the Participating TOTransmission Provider, calculated using the methodology described in Article 5.17.4 and in accordance with IRS Notice 90-60.

Appears in 2 contracts

Samples: Interconnection Agreement, Interconnection Agreement

Subsequent Taxable Events. If, within 10 years from the date on which the relevant Participating TO's Transmission Provider’s Interconnection Facilities are placed in service, (i) the Interconnection Customer Breaches the covenants contained in Article 5.17.2, (ii) a "disqualification event" occurs within the meaning of IRS Notice 88-129, or (iii) this LGIA terminates and the Participating TO Transmission Provider retains ownership of the Interconnection Facilities and Network Upgrades, the Interconnection Customer shall pay a tax gross-up for the cost consequences of any current tax liability imposed on the Participating TOTransmission Provider, calculated using the methodology described in Article 5.17.4 and in accordance with IRS Notice 90-60.

Appears in 2 contracts

Samples: Large Generator, Large Generator Interconnection Agreement

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Subsequent Taxable Events. If, within 10 years from the date on which the relevant Participating TO's Interconnection Facilities are placed in service, (i) the Interconnection Customer Breaches the covenants contained in Article 5.17.2, (ii) a "disqualification event" occurs within the meaning of IRS Notice 88-129, or (iii) this LGIA terminates and the Participating TO retains ownership of the Interconnection Facilities and Network Upgrades, the Interconnection Customer shall pay a tax gross-up for the cost consequences of any current tax liability imposed on the Participating TO, calculated using the methodology described in Article Article‌ 5.17.4 and in accordance with IRS Notice 90-60.

Appears in 1 contract

Samples: Large Generator Interconnection Agreement

Subsequent Taxable Events. If, within 10 years from the date on which the relevant Participating TOTransmission Provider's Interconnection Facilities are placed in service, (i) the Interconnection Customer Breaches the covenants contained in Article 5.17.2, (ii) a "disqualification event" occurs within the meaning of IRS Notice 88-129, or (iii) this LGIA terminates and the Participating TO Transmission Provider retains ownership of the Interconnection Facilities and Network Upgrades, the Interconnection Customer shall pay a tax gross-up for the cost consequences of any current tax liability imposed on the Participating TOTransmission Provider, calculated using the methodology described in Article 5.17.4 and in accordance with IRS Notice 90-60.. 31

Appears in 1 contract

Samples: Interconnection Agreement

Subsequent Taxable Events. If, within 10 years from the date on which the relevant Participating TO's Interconnection Facilities are placed in service, (i) the Interconnection Customer Breaches the covenants contained in Article 5.17.2, (ii) a "disqualification event" occurs within the the‌ meaning of IRS Notice 88-129, or (iii) this LGIA terminates and the Participating TO retains ownership of the Interconnection Facilities and Network Upgrades, the Interconnection Customer shall pay a tax gross-up for the cost consequences of any current tax liability imposed on the Participating TO, calculated using the methodology described in Article 5.17.4 and in accordance with IRS Notice 90-60.

Appears in 1 contract

Samples: Large Generator Interconnection Agreement

Subsequent Taxable Events. If, within 10 years from the date on which the relevant Participating TO's Transmission Owner’s Interconnection Facilities are placed in service, (i) the Interconnection Customer Breaches the covenants contained in Article 5.17.2, (ii) a "disqualification event" occurs within the meaning of IRS Notice 88-129, or (iii) this LGIA Interim GIA terminates and the Participating TO Transmission Owner retains ownership of the Interconnection Facilities and Network Upgrades, the Interconnection Customer shall pay a tax gross-up for the cost consequences of any current tax liability imposed on the Participating TOTransmission Owner, calculated using the methodology described in Article 5.17.4 and in accordance with IRS Notice 90-60.

Appears in 1 contract

Samples: Interim Generator Interconnection Agreement

Subsequent Taxable Events. If, within 10 years from the date on which the relevant Participating TO's Interconnection Facilities are placed in service, (i) the Interconnection Customer Breaches the covenants contained in Article 5.17.2, (ii) a "disqualification event" occurs within the meaning of IRS Notice 88-129, or (iii) this LGIA terminates and the applicable Participating TO retains ownership of the Interconnection Facilities and Network Upgrades, the Interconnection Customer shall pay a tax gross-up for the cost consequences of any current tax liability imposed on the that Participating TO, calculated using the methodology described in Article 5.17.4 and in accordance with IRS Notice 90-60.

Appears in 1 contract

Samples: Large Generator Interconnection Agreement

Subsequent Taxable Events. If, within 10 years from the date on which the relevant Participating TOTransmission Provider's Interconnection Facilities are placed in service, (i) the Interconnection Customer Breaches the covenants contained in Article 5.17.2, (ii) a "disqualification event" occurs within the meaning of IRS Notice 88-129, or (iii) this LGIA SLGIA terminates and the Participating TO Transmission Provider retains ownership of the Interconnection Facilities and Network Upgrades, the Interconnection Customer shall pay a tax gross-gross- up for the cost consequences of any current tax liability imposed on the Participating TOTransmission Provider, calculated using the methodology described in Article 5.17.4 and in accordance with IRS Notice 90-60.

Appears in 1 contract

Samples: Surplus Large Generator Interconnection Agreement

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