Hawai‘i Renewable Energy Tax Credit definition

Hawai‘i Renewable Energy Tax Credit. The Hawai‘i Investment Tax Credit and the Hawai‘i Production Tax Credit.

Hawai‘i Renewable Energy Tax Credit means any favorable Hawaii tax treatment for either Seller's investment in the renewable energy technologies incorporated into the Facility or for the energy produced by the Facility.

Examples of Hawai‘i Renewable Energy Tax Credit in a sentence

• If Seller fails to apply for and to use commercially reasonable efforts to obtain such Hawai‘i Renewable Energy Tax Credit as described above, then Company shall be entitled to liquidated damages in an amount equal [$150,000 per MW of Contract Capacity].

• Because the Hawai‘i tax treatment that will apply to renewable energy technologies on the Commercial Operations Date is uncertain, the parties acknowledge that the Contract Pricing was set assuming Seller will not be eligible for any Hawai‘i Renewable Energy Tax Credit.

• If, based on such efforts, Seller determines that either Section 5(b) or Section 5(c) would result in a larger Net Amount of usable tax credits, an officer of Seller will deliver a notice to Company certifying that Seller has reasonably determined that the selected form of Hawai‘i Renewable Energy Tax Credit is likely to result in the larger Net Amount (based on net present value for tax credits earned over time) of usable tax credits and explaining the rationale for such determination.

• Company's right to collect liquidated damages as described in this Section 5(d) shall constitute Company's exclusive remedy and fulfillment of all Seller's liability with respect to its obligations to maximize the amount of Hawai‘i Renewable Energy Tax Credit.

• The intent of this Section 5 (Tax Credit Pass Through) is to entitle Company, for the benefit of its customers, to a payment equal to 100% of the maximum Hawai‘i Renewable Energy Tax Credit for which Seller is eligible with respect to the Facility and receives during the Term, as more fully set forth in this Section 5 (Tax Credit Pass Through).

• The intent of this Section 4 (Tax Credit Pass Through) is to entitle Company, for the benefit of its customers, to a payment equal to 100% of the maximum Hawai‘i Renewable Energy Tax Credit for which Seller is eligible with respect to the Facility and receives during the Term, as more fully set forth in this Section 4 (Tax Credit Pass Through).

• Company's right to collect liquidated damages as described in this Section 4(d) shall constitute Company's exclusive remedy and fulfillment of all Seller's liability with respect to its obligations to maximize the amount of Hawai‘i Renewable Energy Tax Credit.

• To, ACCEPTANCE LETTER(To be submitted in Envelope -A along with EMD)ANNEXURE-I Jt. General Manager Engg.

• If, based on such efforts, Seller determines that either Section 4(b) or Section 4(c) would result in a larger Net Amount of usable tax credits, an officer of Seller will deliver a notice to Company certifying that Seller has reasonably determined that the selected form of Hawai‘i Renewable Energy Tax Credit is likely to result in the larger Net Amount (based on net present value for tax credits earned over time) of usable tax credits and explaining the rationale for such determination.

• Because the Hawai‘i tax treatment that will apply to renewable energy technologies on the Commercial Operations Date is uncertain, the parties acknowledge that the Contract Pricing was set assuming Subscriber Organization will not be eligible for any Hawai‘i Renewable Energy Tax Credit.