Permitted Tax Equity Financing definition
Permitted Tax Equity Financing means a customary tax equity financing entered into solely in connection with the acquisition (or refinancing) by an Excluded Project Subsidiary of energy generating, transmission or distribution assets (and any assets related thereto).
Permitted Tax Equity Financing means a tax equity financing entered into solely in connection with the acquisition, expansion, upgrade or refurbishment (or refinancing of any of the foregoing or of any Indebtedness incurred in connection therewith) of or by a Project Company (and/or a Company Group Party that is a direct or indirect parent company of such Project Company) of energy generating, transmission or distribution assets, or of any other energy or power facility or any assets related to any of the foregoing that are eligible for renewable energy production tax credits available under Section 45 of the Code or renewable energy investment tax credits available under Section 48 of the Code, as applicable, on an arm’s-length basis.
Permitted Tax Equity Financing means (a) any tax equity financing existing as of the Closing Date and identified as such on Schedule 1.01F and (b) any tax equity financing transaction (1) entered into in the ordinary course of business and consistent with the past practice of Holdings, (2) for which the Rating Agency has confirmed that, after giving effect to the incurrence of such Permitted Tax Equity Financing, each of the Class A and Class B Loans shall have the Required Rating applicable thereto and (3) that is consented to by the Blackstone Representative (with such consent not to be unreasonably withheld or delayed). “Person” means any natural person, corporation, limited liability company, trust, joint venture, association, company, partnership, Governmental Authority or other entity.
More Definitions of Permitted Tax Equity Financing
Permitted Tax Equity Financing means (a) any tax equity financing existing as of the Restatement Closing Date and identified as such on Schedule 1.01F and (b) any tax equity financing transaction (1) entered into in the ordinary course of business and consistent with the past practice of Holdings, (2) for which KBRA has confirmed that, after giving effect to the incurrence of such Permitted Tax Equity Financing, each of the Class A and Class B Loans shall have the Required Rating applicable thereto and (3) that is consented to by the Administrative Agent (with such consent not to be unreasonably withheld or delayed).
Permitted Tax Equity Financing has the meaning specified in the Credit Agreement.
Permitted Tax Equity Financing means (a) any tax equity financing existing as of the Closing Date and identified as such on Schedule 1.01F and (b) any tax equity financing transaction (1) entered into in the ordinary course of business and consistent with the past practice of Holdings, (2) for which the Rating Agency has confirmed that, after giving effect to the incurrence of such Permitted Tax Equity Financing, each of the Class A and Class B Loans shall have the Required Rating applicable thereto and (3) that is consented to by the Blackstone Representative (with such consent not to be unreasonably withheld or delayed). “Person” means any natural person, corporation, limited liability company, trust, joint venture, association, company, partnership, Governmental Authority or other entity.