PTC definition

PTC means the tax credit for electricity produced from certain renewable generation resources described in Section 45 of the Internal Revenue Code of 1986, as it may be amended or supplemented from time to time.

PTC means the production tax credit established pursuant to Section 45 of the United States Internal Revenue Code of 1986.

PTC means the renewable energy production tax credit pursuant to Section 45 of the Code.

Examples of PTC in a sentence

• PTC reserves the right to charge a transfer fee for any proposed assignment, transfer or sublicense of this Agreement or any Licenses purchased hereunder.

• No waiver, consent, modification, amendment or change of this Agreement shall be binding unless in writing and signed or otherwise expressly acknowledged by PTC and Customer.

• No waiver, consent, modification, amendment or change of the terms of this Agreement shall be binding unless in writing and signed by PTC and Customer.

• Except for “Global” and “Restricted Global” licenses, PTC products that are licensed on a Concurrent User basis may only be used by persons physically located in the country where the products are installed, and all of the software components shipped as part of that product (for example, client code and license server) may only be installed in the Designated Country.

• Users who are not employees of the Customer may use PTC products licensed on a Concurrent User basis only while physically located at a Customer site.

More Definitions of PTC

PTC means Participants Trust Company, a New York limited purpose trust company.

PTC means a power trading company, which is an electricity trader who has been granted a license to undertake trading in electricity under Section 12 of the Electricity Act, 2003.

PTC means production tax credits under Section 45 of the Code.

PTC means PVUSA Test Conditions. "PV" means photovoltaic.

PTC means Pacific Thomas Corporation.

PTC or “PTCs” means production Tax credits under Section 45 of the Code, and any federal grants, credits or other incentives issued or arising in lieu thereof, including investment tax credits under Section 48 of the Code.

PTC means the renewable energy production tax credit pursuant to Section 45 of the