Tax Equity Funding Sample Clauses

Tax Equity Funding. Except as would not, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect, no fund investor has withdrawn its tax equity commitments or notified the Company of an unwillingness or inability to fund its tax equity commitments.

Tax Equity Funding. The Tax Equity Funding Date shall have occurred.

Tax Equity Funding. Amounts: The total tax equity investment by the Investor Partners will be determined by re-running an agreed base case model on each of the Closing Date, Initial Funding Date and the Final Funding Date to update the anticipated Project cost, allocation of tax basis among asset classes and in-service date and to ensure continued conformity to specified pricing parameters (to be agreed). One pricing parameter will be the projected period after the Final Funding Date that the Investor Partners are projected to reach the Flip IRR based on the P50 output case in the base case model (the “Target Flip Date”). The Target Flip Date is to be determined but may be as short as [nine] years. The total tax equity investment of the Investor Partners will not exceed an amount to be agreed on the Closing Date (the “Class A Funding Commitment”). The Class A Funding Commitment is to be determined but may be up to $1,500,000,000. Flip IRR: An after-tax internal rate of return to be determined, but may be up to [8.00]%. The determination of whether the Flip IRR has been met, as more fully set forth in the LLCA, will take into account certain customary “fixed tax assumptions.” DRO: The Investor Partners will take on a deficit restoration obligation of an amount to be agreed upon by the parties.