Net Project Incentive definition

Net Project Incentive means the Project Incentive for a Project less the amount of any Preliminary Engineering Study Incentive and or Detailed Engineering Study Incentive paid or to be paid to the Participant in respect of such Project.
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Net Project Incentive means the amount specified in Schedule "C" under the heading "Net Project Incentive", such amount being the Project Incentive for a Project less the amount of any Preliminary Engineering Study Incentive and or Detailed Engineering Study Incentive paid or to be paid to the Participant in respect of such Project, subject to adjustment in accordance with Section 3.2;
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Net Project Incentive means the Project Incentive for a Project less the amount of any Preliminary Engineering Study Incentive and or Detailed Engineering Study Incentive paid or to be paid to the Participant in respect of such Project;
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Examples of Net Project Incentive in a sentence

  • The Participant will provide to the LDC sufficient supporting documentation, as requested by the LDC, to facilitate and support the LDC in claiming input tax credits in respect of the Net Project Incentive.

  • In addition, if the LDC has reasonable grounds to commence a discussion, negotiation or challenge, in any manner whatsoever, with a tax authority regarding the validity of any Applicable Taxes imposed on the Net Project Incentive, the Participant will provide such reasonable assistance as may be required by the LDC with such discussion, negotiation or challenge.

  • Attached as Schedule "C" is a description of the Project or Portfolio in respect of which this Agreement is being entered into including the Project or Portfolio identification number assigned by the IESO, the address of the Facility, Project Incentive, Net Project Incentive, scheduled In- Service Date, Eligible Costs, Project Payback, Electricity Savings, Anticipated Electricity Savings, Annualized Electricity Savings, Project Budget and Performance Security.

  • In addition to the Net Project Incentive, the IESO will pay any applicable HST on the Project Incentive (“Applicable Taxes”).

  • In addition, if the IESO has reasonable grounds to challenge the validity of any HST imposed on the Net Project Incentive, the Participant will provide reasonable assistance to the IESO with such challenge.

  • A Participant may elect in a Participant Security Election to provide Incentive Security, in which case Section 6.1 shall not be applicable and the Net Project Incentive shall, subject to Sections 7.3 and 7.4 hereof, be paid as set out herein.

  • The Participant will provide the IESO sufficient supporting documentation, as requested by the IESO, to facilitate and support the IESO in claiming input tax credits in respect of the Net Project Incentive.

  • In this event, the Project Incentive, the Net Project Incentive and the Project Payback, including the corresponding amounts set out in Schedule “B”, will henceforth be adjusted accordingly for all purposes of this Agreement.

  • In addition, if the IESO has reasonable grounds to commence a discussion, negotiation or challenge, in any manner whatsoever, with a tax authority regarding the validity of any Applicable Taxes imposed on the Net Project Incentive, the Participant will provide such reasonable assistance as may be required by the IESO with such discussion, negotiation or challenge.

  • In addition to the Net Project Incentive, the LDC will pay any Applicable Taxes on the Net Project Incentive.