Section 1603 Grant definition

Section 1603 Grant means any payment for specified energy property in lieu of tax credits under Section 1603 of Division B of the American Recovery and Reinvestment Act of 2009, P.L. 111-5, as amended, or any successor provision.
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Section 1603 Grant means any cash grant obtained with respect to a Solar Energy Project pursuant to Section 1603.
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Section 1603 Grant means applicable United States Treasury Grant available to taxable owners of renewable energy generating facilities.
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Examples of Section 1603 Grant in a sentence

  • The latter example is reflective of the significant Chinese influences on the language.

  • A portion of the Settlement Funds may consist of Section 1603 Grant proceeds.

  • Notwithstanding anything to the contrary in the Program Documents, the County Parties hereby agree to subordinate any security interest in the Section 1603 Grant proceeds to Power Partners’ security interest in such funds, but only to the extent of the Settlement Funds, and all Parties hereby agree that no Party shall have any claim to the Settlement Funds upon release to Power Partners.

  • Nothing herein shall abrogate any security interest in Section 1603 Grant proceeds which are not part of the Settlement Funds and nothing herein shall abrogate the right of any Party to enforce the Program Documents or the Settlement Agreement.

  • The parties hereto agree that the representations and warranties made in this Section 3.14 and in Sections 3.04, 3.05(b)-(e), 3.12, 3.16 and 3.18 are the sole and exclusive representations and warranties with respect to Tax matters of Seller and the Acquired Entities and Section 1603 Grant matters (it being understood that this sentence is not a representation or warranty).

  • Each Annual Performance Reports required to be filed with respect to the LC Project have been timely filed in accordance with the Section 1603 Grant Guidance.

  • For avoidance of doubt, any Additional 1603 Grant Funds or Section 1603 Grant Funds obtained for construction of the Pending Overdue Series 2011 Local Unit Projects shall not offset any payment obligation the Company may have under the Program Documents or, except as is expressly set forth therein, the Settlement Agreement.

  • The Company shall apply for and pursue Additional 1603 Grant Funds (as defined in the Settlement Agreement) in accordance with the terms and conditions set forth in the Settlement Agreement and after construction of the Pending Overdue Series 2011 Local Unit Projects, if any, the Company shall apply for Section 1603 Grant proceeds related to such sites, all in a manner consistent with the Settlement Agreement.

  • The purchase of the Membership Interests by the Buyer, in and of itself, from the Seller will not cause the recapture of any Section 1603 Grant paid with respect to any of the APT Projects.

  • The Seller shall have received a legal opinion from Xxxxxx, Xxxxxxxxxx & Xxxxxxxxx LLP, in form and substance reasonably satisfactory to the Seller, that the purchase of the Membership Interests by the Buyer from the Seller will not cause the recapture of any Section 1603 Grant paid with respect to any of the APT Projects.


More Definitions of Section 1603 Grant

Section 1603 Grant means any cash grant obtained with respect to an Acquired Entity Facility pursuant to Section 1603.
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Section 1603 Grant means any cash grant obtained with respect to Section 1603 of the American Recovery and Reinvestment Tax Act of 2009, as amended;
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Section 1603 Grant means the grant received by the Seller in the amount of $2,796,823 with respect to the Transferred Asset pursuant to approval by the U.S. Department of Treasury of its application for payment under Section 1603 of the American Recovery and Reinvestment Tax Act of 2009, P.L. 111-5 (2009), as amended by Section 707 of the Tax Relief Unemployment Insurance Reauthorization and Job Creation Act of 2010, P.L. 111-312 (2010).
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Section 1603 Grant means one million seven hundred fifty-five thousand nine hundred forty-four dollars ($1,755,944) received by the Project Company pursuant to approval by the U.S. Department of Treasury of its Section 1603 Grant Application.
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Section 1603 Grant the grant from the U.S. Treasury Department provided for by Section 1603 of Division B of the American Recovery and Reinvestment Act of 2009, as amended.
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Section 1603 Grant means the amount of $13,653,021 received by VB pursuant to the “Section 1603 Award Letter” received on March 4, 2013 from the U.S. Department of Treasury.
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Related to Section 1603 Grant

  • Sub-grant means a grant made or proposed to be made by the Recipient to a Beneficiary out of the proceeds of the Financing for the purpose of financing a Subproject; and “Sub-grants” means more than one such Sub-grant.

  • Notification of Award means date which is earlier of either a Fax of Intent (FOI) or Letter of Intent (LOI) or Letter of Award (LOA) issued to a successful bidder for award of the work pursuant to bidding process.

  • Subgrant means an award of financial assistance to an eligible subgrantee, in this case, awards by the State of New Jersey, Department of Education to local education agencies or other eligible entities.

  • Stock Grant means the grant of shares of Stock not subject to restrictions or other forfeiture conditions.

  • Section 162(m) Award means a Performance Award granted under Section 6(k)(i) to a Covered Employee that is intended to satisfy the requirements for “performance-based compensation” within the meaning of Section 162(m).

  • Grant Application means the application identified in section 2.1, including Standard Form 424 and all information and attachments submitted with that form through Grants.gov.

  • Stock Grant Agreement means the agreement between the Company and a Grantee who is awarded Shares under the Plan that contains the terms, conditions and restrictions pertaining to the award of such Shares.

  • Section 162(m) Participant means any key Employee designated by the Administrator as a key Employee whose compensation for the fiscal year in which the key Employee is so designated or a future fiscal year may be subject to the limit on deductible compensation imposed by Section 162(m) of the Code.

  • Notification of Award/Letter of Award means the formal award by the Employer of the Bid incorporating any adjustments or variation to the Bid agreed between the Employer and the Contractor.

  • Subsidiary Grant Agreement means the agreement to be entered into between the Recipient and EPF pursuant to Section 3.01 (b) of this Agreement, as the same may be amended from time to time, and such term includes all schedules to the Subsidiary Grant Agreement; and

  • Grant Agreement means the agreement entered into by the Parties, including the Signature Document, these Uniform Terms and Conditions, along with any attachments and amendments that may be issued by the System Agency.

  • Annual Grant means an Option granted annually to all Non-Employee Directors who meet the criteria specified in subsection 6(b) of the Plan.

  • Benchmark Replacement Adjustment means, with respect to any replacement of the then-current Benchmark with an Unadjusted Benchmark Replacement for any applicable Interest Period and Available Tenor for any setting of such Unadjusted Benchmark Replacement:

  • Section 409A Change in Control means a change in the ownership or effective control of the Company, or in the ownership of a substantial portion of the Company’s assets, as provided in Section 409A(a)(2)(A)(v) of the Code and Treasury Regulations Section 1.409A-3(i)(5) (without regard to any alternative definition thereunder).

  • Sectional Plan means the sectional plan approved or to be approved by the Surveyor-General and to be registered in the relevant deeds registry;

  • Certificate of Award means the certificate authorized by Section 6(a), to be signed by the Fiscal Officer, setting forth and determining those terms or other matters pertaining to the Bonds and their issuance, sale and delivery as this Ordinance requires or authorizes to be set forth or determined therein.

  • Award means, individually or collectively, a grant under the Plan of Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock Units, Performance Units or Performance Shares.

  • Sub-grant Agreement means an agreement entered into, or proposed to be entered into, between the Bank and a Sub-grant Recipient;

  • Company Stock Option Plan means each share option plan, share award plan, share appreciation right plan, phantom share plan, share option, other equity or equity-based compensation plan, equity or other equity based award to any employee, whether payable in cash, shares or otherwise (to the extent not issued pursuant to any of the foregoing plans), or other plan or contract of any nature with any employee pursuant to which any share, option, warrant or other right to purchase or acquire shares of the Company or right to payment based on the value of Company shares has been granted or otherwise issued.

  • Company Stock Option means any option to purchase one or more shares of the Company’s Common Stock granted under any of the Company Stock Plans.

  • Condominium Plan means a plan described in Section 4285.

  • Option Grant Date means, as to any Stock Option, the latest of:

  • A "CHANGE IN CONTROL means an Ownership Change Event or a series of related Ownership Change Events (collectively, the "TRANSACTION") wherein the stockholders of the Company immediately before the Transaction do not retain immediately after the Transaction, in substantially the same proportions as their ownership of shares of the Company's voting stock immediately before the Transaction, direct or indirect beneficial ownership of more than fifty percent (50%) of the total combined voting power of the outstanding voting stock of the Company or the corporation or corporations to which the assets of the Company were transferred (the "TRANSFEREE CORPORATION(S)"), as the case may be. For purposes of the preceding sentence, indirect beneficial ownership shall include, without limitation, an interest resulting from ownership of the voting stock of one or more corporations which, as a result of the Transaction, own the Company or the Transferee Corporation(s), as the case may be, either directly or through one or more subsidiary corporations. The Board shall have the right to determine whether multiple sales or exchanges of the voting stock of the Company or multiple Ownership Change Events are related, and its determination shall be final, binding and conclusive.

  • Grant program means the primary care and psychiatry shortage grant program under this section.

  • CPI Adjustment means the quotient of (i) the CPI for the month of January in the calendar year for which the CPI Adjustment is being determined, divided by (ii) the CPI for January of 2007.

  • Restoration Retainage as used in this Subsection 7.4(b) shall mean an amount equal to 10% of the costs actually incurred for work in place as part of the Restoration, as certified by the Casualty Consultant, until such time as the Casualty Consultant certifies to Lender that Net Proceeds representing 50% of the required Restoration have been disbursed. There shall be no Restoration Retainage with respect to costs actually incurred by Borrower for work in place in completing the last 50% of the required Restoration. The Restoration Retainage shall in no event, and notwithstanding anything to the contrary set forth above in this Subsection 7.4(b), be less than the amount actually held back by Borrower from contractors, subcontractors and materialmen engaged in the Restoration. The Restoration Retainage shall not be released until the Casualty Consultant certifies to Lender that the Restoration has been completed in accordance with the provisions of this Subsection 7.4(b) and that all approvals necessary for the re-occupancy and use of the Property have been obtained from all appropriate governmental and quasi-governmental authorities, and Lender receives evidence satisfactory to Lender that the costs of the Restoration have been paid in full or will be paid in full out of the Restoration Retainage, provided, however, that Lender will release the portion of the Restoration Retainage being held with respect to any contractor, subcontractor or materialman engaged in the Restoration as of the date upon which the Casualty Consultant certifies to Lender that the contractor, subcontractor or materialman has satisfactorily completed all work and has supplied all materials in accordance with the provisions of the contractor’s, subcontractor’s or materialman’s contract, and the contractor, subcontractor or materialman delivers the lien waivers and evidence of payment in full of all sums due to the contractor, subcontractor or materialman as may be reasonably requested by Lender or by the title company insuring the lien of the Security Instrument. If required by Lender, the release of any such portion of the Restoration Retainage shall be approved by the surety company, if any, which has issued a payment or performance bond with respect to the contractor, subcontractor or materialman.