Recapture Period definition

Recapture Period means the period commencing on the Effective Date and ending on the fifth anniversary of the last date that a Project owned by the Company is Placed in Service.

Recapture Period means the 5-year period beginning on the

Recapture Period means, with respect to any System, the period from the date on which the System is placed in service for federal income tax purposes until the 5th anniversary of the date the System is placed in service for federal income tax purposes.

Examples of Recapture Period in a sentence

• However, you may recapture eligible policies once the Recapture Period set out in Exhibit B has expired.

• Prior to the end of the Recapture Period with respect to any System, no Transfer of a Person that directly or indirectly owns an interest in a Member will be permitted if the transfer would cause the Company or Project Company to become a Disqualified Person or cause the Systems, or any portion thereof, to be classified as “tax-exempt use property” for purposes of Section 168 of the Code.

• After the Recapture Period has ended, the limitations pursuant to this Article IX on Change of Control of any Member shall apply only to such Member directly and shall not apply to any Person that directly or indirectly owns an interest in such Member.

• Landlord’s Recapture Option may be exercised only by notice to Tenant (“Landlord’s Recapture Notice”) given within Landlord’s Recapture Period.

• In the event that any Mortgage Loan prepays-in-full within the period of time from the related Closing Date set forth in the related Trade Confirmation (the "Premium Recapture Period"), the Company shall, upon demand by the Purchaser made no later than 180 days after the expiration of the related Premium Recapture Period, remit to the Purchaser the Premium with respect to such prepaid Mortgage Loan net of the amount of any Prepayment Charges paid with respect to such Mortgage Loan.

More Definitions of Recapture Period

Recapture Period means the five year period beginning on the date that the last Facility is placed into service for federal income tax purposes.

Recapture Period has the meaning set forth in ‎Section 4.03.

Recapture Period means, with respect to any Project, the period from the date such Project is Placed in Service through the fifth anniversary of such date.

Recapture Period means the earlier of (i) the expiration of the five (5) year period commencing on the date on which the Project is reported as “placed in service” in the relevant Cash Grant application for such Project, in accordance with the Cash Grant Guidance, or (ii) the date that the Project Company has become obligated to repay the Cash Grant.

Recapture Period means the period commencing on the Placed in Service Date and ending on the fifth anniversary of the Placed in Service Date or, to the extent applicable, such different period as prescribed under the Code.

Recapture Period has the meaning set forth in the A&R IVSI LLC Agreement.

Recapture Period means each period (a) commencing on the later of (i) the Restatement Date and (ii) the day immediately following the last day of the immediately preceding Recapture Period, and (b) ending on the date on which the Company and/or its Subsidiaries receives Net Available Proceeds which, together with all Net Available Proceeds received since the first day of such Recapture Period, equal or exceeds in the aggregate $1,000,000.