Government Incentive definition

Government Incentive means a payment, including, without limitation, a payment in respect of any performance-based incentive or rebates, by a utility, electric distribution company or federal, state or local Governmental Authority or quasi-governmental agency, and any extension of the program (including by converting the program into a refundable tax credit or tax refund program), in each case as an inducement to a utility customer, solar company or installer to install or use solar equipment, except that neither (a) Tax Credits and depreciation deductions for U.S. federal income tax purposes nor (b) any credits or payments available under any Host Customer’s utility’s “net metering” program for energy generated by the applicable Project that are reserved to such Host Customer under the applicable Customer Agreement shall be considered Government Incentives.
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Government Incentive means SRECs, reporting rights under The Energy Policy Act of 1992, Green-e® products and any other federal, state or local subsidies, grants, utility rebates, or
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Government Incentive means SRECs, reporting rights under The Energy Policy Act of 1992, Green-e® products and any other federal, state or local subsidies, grants, utility rebates, or similar benefits or incentives, including production based incentives, Tax Credits or other federal, state or local tax benefits or credits.
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Examples of Government Incentive in a sentence

  • A savings account maintained in Croatia by a Croatian Home Savings Bank established under the Act on Housing Savings and Government Incentive to Housing Savings, if annual contributions to the account are $50,000 or less, applying the rules set forth in Annex I for account aggregation and currency translation.

  • The Seller shall use its reasonable best efforts and proceed in a diligent manner to terminate the Government Incentive Contract as soon as possible and to settle the obligations thereunder with no continuing obligation or Liability (whether due or to become due) for the Company or the Purchaser (or any Affiliate of the Purchaser).

  • Transfers in violation of this Agreement or the Government Incentive Agreements shall be null and void and of no legal force or effect.

  • The provisions of this Agreement shall not be applicable to the hiring and terms of employment of any employees hired under any Government Incentive Programs.

  • The Seller shall cause the Company to have no Indebtedness as of the Closing Date other than Indebtedness listed on the Government Incentive Contract Statement or the Indebtedness Statement.

  • Government Incentive Contract......................................................

  • Government Incentive Plan (“GIP”) and no Person has been designated as eligible for participation or is eligible for participation in the GIP.

  • If the Closing Cash is greater than the Closing Indebtedness, less the amount of any outstanding reimbursable amounts under the Government Incentive Contract (including any accrued and unpaid interest and fees or penalties) and the amount of any other Indebtedness that, in each case, have been deducted in accordance with Section 1.2(a)(i), the Purchaser shall pay such difference to the Seller as a post-Closing Purchase Price adjustment.

Related to Government Incentive

  • Government school means a school established under section 5 of the Act, for the purpose of providing courses of instruction in pre-school, primary or secondary education.

  • Government assistance means a grant, loan, or tax increment financing that result in a financial benefit from an agency, commission, instrumentality, or other entity of the District government.

  • Government Grant means any grant, incentive, qualification, subsidy, award, participation, exemption, status or other benefit from any Governmental Entity granted to or provided to, or enjoyed by the Company or any of its Subsidiaries, including by or on behalf of or under the authority of the OCS, the Investment Center or the BIRD Foundation, as applicable.

  • Government Programs means (i) the Medicare and Medicaid Programs, (ii) the United States Department of Defense Civilian Health Program for Uniformed Services and (iii) other similar foreign or domestic federal, state or local reimbursement or governmental health care programs.

  • Municipal Government Act means the Municipal Government Act, RSA 2000, c M-26, as amended or replaced from time to time.