Cash Grant definition

Cash Grant means a cash grant made by the Government under any approved scheme.

Cash Grant means a cash grant in lieu of the available energy tax credit pursuant to Section 48 of the Code under the terms of Section 1603 of the American Recovery and Reinvestment Act of 2009 and any rules, regulations or other guidance promulgated thereunder.

Cash 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.

Examples of Cash Grant in a sentence

• The Developer acknowledges that the Cash Grant is being provided by the City in reliance upon the future generation of general property taxes which will generate revenues for the City, including the revenues necessary to repay the City’s debt on all amounts disbursed for or on behalf of the Developer under this Agreement.

• Except for the Cash Grant, the Developer shall have no interest therein or right to receive any portion thereof.

• In the event the Developer should violate any of the restrictions set forth in Section 6.3 hereof, then in such event, the Developer shall repay to the City the remaining balance due of the Cash Grant.

• Until Developer has reimbursed the City for the Cash Grant in full, in the event of fire, damage, or any other casualty to any part of the Project, the Developer agrees, at its cost and expense, to rebuild, repair and replace the Project in the condition it was immediately prior to the casualty.

• The payment of the Cash Grant shall credit against the first $5 million of payments owed by AAC to AFGI in the aggregate with respect to any Taxable Period under each of NOL Usage Tier A, NOL Usage Tier B and NOL Usage Tier C in clauses 3(c)(i), (ii) or (iii), provided that the sum of credits for all tiers shall not exceed $15 million.

More Definitions of Cash Grant

Cash Grant means Cash in the amount of $30 million to be paid by AAC to the Reorganized Debtor on the Effective Date.

Cash Grant means any cash grant payable to the Project Company under Section 1603 of the Recovery Act or any similar provision.

Cash Grant means, with respect to the Project, a grant from the US Treasury under Section 1603 of the American Recovery and Reinvestment Act of 2009.

Cash Grant means the $30 million paid by AAC to AFGI (through an escrow account) pursuant to the Mediation Agreement.

Cash Grant means any grant under Section 1603 of ARRTA or any successor or other similar provision, including any similar provision concerning a refundable tax credit that replaces such grant program.

Cash Grant means a grant provided for in Section 1603 of the American Recovery and Reinvestment Act of 2009.

Cash Grant means any cash grant from Treasury made pursuant to Section 1603 of the ARRA.