Examples of Exempt Facilities in a sentence
Service under this cap is closed to new applicants upon determination by the Distribution Company, consistent with Department rules and regulations, that the aggregate capacity of all Class I, Class II, and Class III Net Metering Facilities that are not Net Metering Facilities of a Municipality or Other Governmental Entity and that are not Cap Exempt Facilities (i.e., the “private cap”) authorized by 220 C.M.R. 18.07(1)(a), as may be amended from time to time, has been reached.
Additionally, they must familiarize themselves with other Rules, including Rule 377 (License Exempt Facilities), Rule 382 (Advertising by Unlicensed Facilities), Rule 383 (Monitoring, Complaints and Enforcement), Rule 385 (Background Checks), and 386 (Children’s Product Safety) before they can make licensing recommendations and carry caseloads.
The Borrower covenants and agrees that at all times at least 97% of the moneys so disbursed out of the Construction Fund will be used to pay or reimburse the Borrower for the payment of qualifying costs of Exempt Facilities as described in the Tax Certificate.
Seller acknowledges and agrees that although Seller from and after the Closing Date will not own, possess or control the Exempt Facilities, Seller shall remain primarily obligated under the documents relating to the Revenue Bonds and, as between itself and each issuer of the Revenue Bonds, shall remain subject to each of Seller's representations, warranties, covenants and agreements thereunder.
May 2023, Talen Energy completed a Chapter 11 plan of reorganization whereby the Fund received Talen Energy Common Stock in exchange for the following portfolio holding: Pennsylvania Economic Development Financing Authority, Exempt Facilities Revenue Refunding Bonds, PPL Energy Supply, LLC Project, Series 2009A, 6.400%, 12/01/38.