Tax Equity Partnership definition

Tax Equity Partnership means a special purpose entity in a Partnership Flip Structure whose membership interests are held by a Loan Party or an Excluded Subsidiary, as the managing member, and a Tax Equity Investor or a Subsidiary of such Tax Equity Investor, as the investor member, and whose members are obligated to advance capital contributions to purchase Projects from Sunrun or any of its Subsidiaries in accordance with the related Tax Equity Documents.

Tax Equity Partnership means a special purpose entity whose membership interests are held by any Borrower or an Excluded Subsidiary, as the managing member, and a Tax Equity Investor or a Subsidiary of such Tax Equity Investor, as the investor member, and whose members are obligated to advance capital contributions to purchase PV Systems from any Borrower or its Subsidiaries in accordance with the Partnership Flip Structure. [***] Confidential treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission.

Tax Equity Partnership means Imperial Valley Solar 1 Holdings, LLC.

Examples of Tax Equity Partnership in a sentence

• Transfer Ownership Interests to Tax Equity Partnership As noted, WPL intends to acquire the Solar Projects from independent, third‐party developers and to construct them using EPC contractors.

• The Parties agree to cause the Tax Equity Partnership to allocate its tax items for its taxable year which includes the Effective Date based on the “closing of the books” method.

• After accounting for Project Operating Expenses, the Tax Equity Partnership Agreement will provide for the Luning Expansion Project Company to make the Tax Equity Partner Distributions to the Tax Equity Partner.

• In particular, the Tax Equity Partnership created for the Luning Solar Energy Facility is expected to end in 2022 and the Luning Solar Energy Facility will become wholly owned by Liberty at that time.84 For these reasons, Liberty fully expects that its prior experience using this type of tax equity structure will help Liberty streamline and improve the tax equity financing process for the Luning expansion Project.

• Additionally, GEV IA may (or may direct its Affiliates to) at any time propose for Xxxxxx’s consideration a sale of all or part of any Parent Investor’s membership interest in any Tax Equity Partnership with respect to a Parent Investment.

More Definitions of Tax Equity Partnership

Tax Equity Partnership means a special purpose entity whose membership interests are held by the Borrower, as the managing member, and a Tax Equity Investor or a subsidiary of such Tax Equity Investor, as the investor member, and whose members are obligated to advance capital contributions to purchase PV Systems from Borrower in accordance with the Partnership Flip Structure.

Tax Equity Partnership means, with respect to any Project, a limited liability company classified as a partnership for U.S. federal income tax purposes that owns all or any portion of the membership interests of a Project Company or directly owns a Project.

Tax Equity Partnership means each limited liability company or other entity in which a Company Entity holds an Interest pursuant to a Tax Equity Transaction.

Tax Equity Partnership means a special purpose entity (which may or may not be organized in the form of a partnership) the Equity Interests in which are held by a Manager Subsidiary, as the managing member of such entity, and a Tax Equity Investor or a Subsidiary thereof, as the investor member of such entity, and the members of which are obligated to make cash capital contributions to such entity the proceeds of which are to be used by such entity to purchase Tax Credit Eligible Projects from a Loan Party in accordance with the Partnership Flip Structure.

Tax Equity Partnership means a special purpose entity whose membership interests are held by any Borrower or an Excluded Subsidiary, as the managing member, and a Tax Equity Investor or a Subsidiary of such Tax Equity Investor, as the investor member, and whose members are obligated to advance capital contributions to purchase PV Systems from any Borrower or its Subsidiaries in accordance with the Partnership Flip Structure.

Tax Equity Partnership is defined in the Recitals.

Tax Equity Partnership means a tax equity investment vehicle formed by a Subsidiary of the Company and a third-party investor to whom certain tax benefits associated with the ownership of solar energy systems or energy storage systems are transferred or allocated.