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 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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Examples of Section 1603 Grant in a sentence

  • In 2012, WPS elected to claim and subsequently received a Section 1603 Grant for the Crane Creek wind project in lieu of the production tax credit.

  • Sources of installed price information include the Treasury Department’s Section 1603 Grant database, data from applicable state rebate and incentive programs, FERC Form 1 filings, trade press articles, and data previously gathered by the National Renewable Energy Laboratory (NREL).

  • From April 24, 2012 until issuance of the final RFP, the rules of contact provisions in the letter agreement were applicable to this procurement.

  • Allow the Section 1603 Grant Program to ExpireAbsent congressional action, projects beginning construction after December 31, 2011, will not be able to receive the Section 1603 grants in lieu of tax credits.

  • Sources of installed price information include the Treasury Department’s Section 1603 Grant database, data from applicable state rebate and incentive programs, state regulatory filings, FERC Form 1 filings, corporate financial filings, interviews with developers and project owners, and finally, the trade press (e.g., Greentech Media, Mercom Capital Group).

  • When the Section 1603 Grant program was established, the JCT estimated that the program would result in 10-year revenue losses of $218 million as taxpayers shifted from the PTC to the ITC, 10-year revenue losses of $158 million as grants were paid out, and $153 million in 10-year revenue gains due to reduced ITC and PTC claims in the future.

  • 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.

  • In 2012, we elected to claim and subsequently received a Section 1603 Grant for the Crane Creek wind project in lieu of the production tax credit.

  • 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.


More Definitions of Section 1603 Grant

Section 1603 Grant means applicable United States Treasury Grant available to taxable owners of renewable energy generating facilities.
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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 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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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 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 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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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.

  • Section 504 Plan means a student’s individualized plan developed by the student’s Section 504 multidisciplinary team after a pre-placement evaluation finding the student is disabled within the meaning of Section 504 and its implementing regulations.

  • Notification of Award means the official notice issued by the Employer notifying the Contractor that his bid has been accepted.

  • 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.

  • Article 55 BRRD means Article 55 of Directive 2014/59/EU establishing a framework for the recovery and resolution of credit institutions and investment firms.

  • 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 grant application that the Public Entity submitted to MnDOT which is attached as Exhibit D.

  • 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.

  • Option to Build means the option of the New Service Customer to build certain Customer- Funded Upgrades, as set forth in, and subject to the terms of, the Construction Service Agreement.

  • 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.

  • Termination After Change in Control means either of the following events occurring within twelve (12) months after a Change in Control:

  • 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

  • Section 4(2) shall have the meaning set forth in the recitals of this Agreement.

  • 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, the spread adjustment, or method for calculating or determining such spread adjustment, (which may be a positive or negative value or zero) that has been selected by the Administrative Agent and the Borrower giving due consideration to (a) any selection or recommendation of a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement by the Relevant Governmental Body or (b) any evolving or then-prevailing market convention for determining a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement for Dollar-denominated syndicated credit facilities at such time.

  • 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 drawn or to be drawn in respect of the Erf and Buildings in terms of the STA, 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; and

  • Company Stock Option Plan means the Company's 1999 Stock Option Plan.

  • Company Stock Option means each option to purchase shares of Company Common Stock outstanding under the Company Stock Plans.

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