Tax Credit Purchaser definition

Tax Credit Purchaser has the meaning set forth in Section 6.5(b).

Tax Credit Purchaser has the meaning set forth in Section 6.5(b). “Tax Escrow Amount” means $10,000,000, as such amount is adjusted in accordance with Section 6.7, which amount shall secure the Sellers’ obligations under Section 6.7.

Tax Credit Purchaser means the purchaser of the Missouri Brownfields Credits or the Missouri Historic Tax Credits,

Examples of Tax Credit Purchaser in a sentence

• Simultaneously with or prior to the Closing, Seller Parent shall have executed, and delivered to (i) the Tax Equity Investor, the Seller Tax Equity Guaranty in respect of the First Funded Project, (ii) the Administrative Agent, the Seller Cash Diversion Guaranty in respect of the First Funded Project, and (iii) any Tax Credit Purchaser, the Seller Tax Credit Transfer Guaranty in respect of the First Funded Project, if applicable.

• Simultaneously with or prior to the Closing, Purchaser Parent shall have executed, and delivered to (i) the Tax Equity Investor, the Purchaser Tax Equity Guaranty in respect of the First Funded Project, (ii) the Administrative Agent, the Purchaser Cash Diversion Guaranty in respect of the First Funded Project, and (iii) any Tax Credit Purchaser, the Purchaser Tax Credit Transfer Guaranty in respect of the First Funded Project, if applicable.

More Definitions of Tax Credit Purchaser

Tax Credit Purchaser has the meaning set forth in the definition of Tax Credit Sale Contract. “Tax Credit Purchaser Breach Sweep Fund” means a Tax Equity Fund whose Project Documents reduce, limit, suspend or otherwise restrict distributions to the Managing Member in respect of a breach of the Tax Credit Purchaser’s obligation to purchase ITCs under the related Tax Credit Sale Contract (any such Tax Credit Sale Contract in respect of which the distributions to the Managing Member may be reduced, limited, suspended or in respect of which distributions to the Managing Member may be otherwise restricted, in each case, upon the occurrence of a breach thereof, a “Breach Sweep Tax Credit Sale Contract”). “Tax Credit Sale Contract” means any contract for the sale of ITCs between a Tax Equity Opco described in clause (i) of the definition thereof and an unrelated third party (a “Tax Credit Purchaser”). “Tax Equity Fund” means (i) the Initial Tax Equity Fund and (ii) each additional Eligible Tax Equity Structure for which the Managing Member thereof is acquired from time to time pursuant to Section 3.4 hereof, in each case, which has not been removed by the Borrower pursuant to Section 7.14 hereof. The Tax Equity Funds are listed on Schedule XI hereto, as such Schedule may be updated from time to time in accordance with this Agreement. “Tax Equity Fund Guaranty” means a guaranty by the Sponsor or Vivint Solar of the obligations of a Managing Member issued in connection with any applicable Tax Equity Fund. “Tax Equity Investor” means the investor in a Tax Equity Structure, other than the Managing Member or any of its affiliates. “Tax Equity Investor Distributions” means the aggregate distributions made by the Tax Equity Funds to the Tax Equity Investors during the related Collection Period, including any

Tax Credit Purchaser means any Person selected by Seller and its Affiliates, subject to the approval of Purchaser (which approval shall not be unreasonably withheld or delayed), as the counterparty to any Tax Credit Transfer Transaction entered into as part of the Tax Equity Financing.