Base. This Agreement shall commence upon the Effective Date and shall continue in effect until terminated in accordance with Section III.B, provided that the total number of Taxable Years under this Agreement shall not exceed ten (10) years from the date the Project is Placed in Service.
Appears in 52 contracts
Samples: Edge Tax Credit Agreement, Edge Tax Credit Agreement, Edge Tax Credit Agreement
Base. This Agreement shall commence upon the Effective Date and shall continue in effect until terminated in accordance with Section III.B, provided that the total number of Taxable Years under this Agreement shall not exceed ten (10) years from the date the Project is Placed in Service. However, without any further action by the Company, at the conclusion of the initial ten-year term, assuming the Company remains in good standing and that this Agreement has not been otherwise terminated pursuant to Section III.B(2)- (5), the Agreement will be renewed for an additional ten-year term, as authorized by Section 40 of the Act and consistent with Section II.B of this Agreement, bringing the total term of the Agreement to twenty years.
Appears in 4 contracts
Samples: Rev Tax Credit Agreement, Rev Tax Credit Agreement, Rev Tax Credit Agreement
Base. This Agreement shall commence upon the Effective Date and shall continue in effect until terminated in accordance with Section III.B, provided that the total number of Taxable Years under this Agreement shall not exceed ten (10) years from the date the Project is Placed in Service.Service.β
Appears in 2 contracts
Samples: Edge Tax Credit Agreement, Edge Tax Credit Agreement
Base. This Agreement shall commence upon the Effective Date and shall continue in effect until terminated in accordance with Section III.B, provided that the total number of Taxable Years under this Agreement shall not exceed ten (10) years from ), commencing with the Taxable Year that includes the date the Project is Placed in Service.
Appears in 1 contract
Samples: Edge Tax Credit Agreement
