Cash Grant definition

Cash Grant means any payment for specified energy property in lieu of tax credits under Section 1603 of Division B of the American Recovery and Reinvestment Act of 2009, P.L. 111-5, as amended, or any successor provision.

Cash Grant means a cash grant made by the Government under any approved scheme.

Cash Grant means Cash in the amount of $30 million to be paid by AAC to the Reorganized Debtor on the Effective Date.

Examples of Cash Grant in a sentence

• All consideration necessary to make all monetary payments in accordance with the Plan shall be obtained from the Cash of the Debtor or the Reorganized Debtor, as applicable, including the Cash Grant and any payments made pursuant to the Amended TSA or Cost Allocation Agreement.

• In the event the Developer should violate any of the restrictions set forth in Section 6.3 hereof, then in such event, the Developer shall repay to the City the remaining balance due of the Cash Grant.

• Notwithstanding anything to the contrary in the Loan Documents, the Credit Parties will, in exercising remedies under the Loan Documents, use commercially reasonable efforts to avoid taking, directing or acquiescing to any action that is reasonably likely to result in the imposition of Cash Grant Recapture Liabilities.

• The payment of the Cash Grant shall credit against the first $5 million of payments owed by AAC to AFGI in the aggregate with respect to any Taxable Period under each of NOL Usage Tier A, NOL Usage Tier B and NOL Usage Tier C in clauses 3(c)(i), (ii) or (iii), provided that the sum of credits for all tiers shall not exceed $15 million.

• Except for the Cash Grant, the Developer shall have no interest therein or right to receive any portion thereof.

More Definitions of Cash Grant

Cash Grant means any cash grant payable to the Project Company under Section 1603 of the Recovery Act or any similar provision.

Cash Grant means, with respect to the Project, a grant from the US Treasury under Section 1603 of the American Recovery and Reinvestment Act of 2009.

Cash Grant means the cash grant offered in lieu of electricity production credits under Section 45 of the Code and energy credits under Section 48 of the Code from the Treasury under Section 1603 of Division B of the American Recovery and Reinvestment Act of 2009 with respect to the Company’s investment in construction of the Project.

Cash Grant means the $30 million paid by AAC to AFGI (through an escrow account) pursuant to the Mediation Agreement.

Cash Grant means any grant under Section 1603 of ARRTA or any successor or other similar provision, including any similar provision concerning a refundable tax credit that replaces such grant program.

Cash Grant means a grant provided for in Section 1603 of the American Recovery and Reinvestment Act of 2009.

Cash Grant means a grant under Section 1603 of the American Recovery and Reinvestment Tax Act of 2009, as amended, or any successor, replacement or substitute program.