Production Tax Credit Sample Clauses

Production Tax Credit. If legislation providing for an extension of tax credits for _________________ a period of at least __________ years in the amount of at least __________________ per MWh, for a [Insert Technology Type] facility placed in service before__________, is not enacted by [Insert Date], then Seller may terminate this Agreement and the Transaction entered into hereunder by written notice to Buyer. If Seller has the right to terminate this Agreement and the Transaction pursuant to this subsection 10.1(c), but fails to send written notice of termination by ______________, then Seller's termination right per this subsection 10.1(c) shall be deemed waived in its entirety.
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Production Tax Credit. If the Seller receives the Investment Tax Credit or the Renewable Energy Grant for the Facility, the PTC Adder shall be multiplied by zero (0) megawatt hours. If the Seller does not receive the Investment Tax Credit or the Renewable Energy Grant for the Facility and Production Tax Credits are available for the Energy produced from the Facility, then during the first ten (10) years of the Delivery Term the PTC Adder shall be multiplied by the positive difference of the Available Energy in the Billing Period less the Delivered Energy in the Billing Period. If the Seller does not receive the Investment Tax Credit or the Renewable Energy Grant for the Facility and Production Tax Credits are not available for the Energy produced from the Facility for any part of the first ten
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Production Tax Credit. Investment Tax Credit enXco will utilize either the Investment Tax Credit (“ITC”) or the Production Tax Credit (“PTC”) for the Project. Further discussion is included in Confidential Appendix A.
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Production Tax Credit. Investment Tax Credit According to Xxxxx, the Project will make use of the Federal Investment Tax Credit (“ITC”) for solar renewable energy facilities. Further details are addressed in Confidential Appendix D.
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Production Tax Credit. If federal legislation providing for an extension of Production Tax Credits provided in Section 45 of the Internal Revenue Code, on equivalent terms and conditions (including an escalation factor) as in effect on the Execution Date, for a wind facility placed in service on or before December 31, 2010 ("In-Service Date"), is not enacted by September 30, 2009, and the Guaranteed Commercial Operation Date is in the year 2010 due to an event of Force Majeure or due to a delay in obtaining interconnection service under Section 3.9(c)(v), then Seller may terminate this Agreement without liability by providing Notice of termination and including in such Notice Seller’s determination of the amount of lost economic benefit, determined on an after-tax basis, of the Production Tax Credit, to Buyer on or before October 30, 2009; provided that Buyer may, at its option, override such Notice of termination by providing Notice to Seller within sixty (60) days of receipt of Seller’s Notice to terminate and by agreeing in such Notice to compensate Seller for the amount of lost economic benefit, determined on an after-tax basis, of the Production Tax Credits, either in the amount specified by Seller in its termination Notice or as otherwise mutually agreed to by the Parties prior to Buyer's override Notice. If Buyer does not override the termination Notice provided by Seller to Buyer, then the Agreement shall terminate and Buyer shall return any Project Development Security (including, if applicable, the payment of any interest due thereon pursuant to Section 8.4(d)) to Seller within eighty (80) days after Buyer received Seller's Notice of termination. If, at any time within three (3) years of Seller's termination of the Agreement pursuant to this Section 10.1(c), Seller intends to resume its efforts to complete the Project, then Seller shall provide Notice to Buyer of its intent to complete the Project, and Buyer and Seller shall, for a period of ninety (90) days from Seller's Notice, engage in the negotiation of a revised agreement, including designating (I) a new Contract Price, (II) a new Financing Milestone Date, if applicable, (III) new Guaranteed Project Milestones, if applicable, and (IV) Project Development Security or Delivery Term Security, as applicable. If the Parties are unable to agree upon a revised agreement within ninety (90) days of commencing negotiations, neither Party shall have any further obligation under this Section 10.1(c).
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Production Tax Credit. Investment Tax Credit Given Bottle Rock’s commercial operating date of October 2007, all production from the Project is eligible to earn federal production tax credits (“PTCs”) through September 2017. However, negative operating cash flow since the start of operations has hampered Bottle Rock’s ability to monetize the PTCs. The A&R PPA will enable Bottle Rock to Advice 4048-E May 25, 2012 operate at cash flow positive, qualifying the Project for tax equity financing and allowing the plant to monetize both its PTCs and depreciation to finance expansion activities.
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Production Tax Credit. Investment Tax Credit CMS has informed PG&E that the Project is eligible for the Investment Tax Credit. Further detail is included in Confidential Appendix A.
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Related to Production Tax Credit

  • Tax Credit If an Obligor makes a Tax Payment and the relevant Finance Party determines that:

  • Transaction Taxes Fund is responsible for all taxes, levies, duties, and assessments levied on Services purchased under this Agreement (collectively, “Transaction Taxes”). Computershare is responsible for collecting and remitting Transaction Taxes in all jurisdictions in which Computershare is registered to collect such Transaction Taxes. Computershare shall invoice Fund for such Transaction Taxes that Computershare is obligated to collect upon the furnishing of Services. Fund shall pay such Transaction Taxes according to the terms in Section 7.3. Computershare shall timely remit to the appropriate governmental authorities all such Transaction Taxes that Computershare collects from Fund. To the extent that Fund provides Computershare with valid exemption certificates, direct pay permits, or other documentation that exempts Computershare from collecting Transaction Taxes from Fund, invoices issued for Services provided after Computershare’s receipt of such certificates, permits, or other documentation will not reflect exempted Transaction Taxes. Computershare is solely responsible for the payment of all personal property taxes, franchise taxes, corporate excise or privilege taxes, property or license taxes, taxes relating to Computershare’s personnel, and taxes based on Computershare’s net income or gross revenues relating to Services.

  • Other Connection Taxes Taxes imposed on a Recipient due to a present or former connection between it and the taxing jurisdiction (other than connections arising from the Recipient having executed, delivered, become party to, performed obligations or received payments under, received or perfected a Lien or engaged in any other transaction pursuant to, enforced, or sold or assigned an interest in, any Loan or Loan Document).

  • Tax Attributes (i) Tax attributes with respect to, and the -------------- overpayment of, property taxes, sales and use taxes and franchise taxes which relate primarily to the Company Business and (ii) to the extent provided in the Tax Sharing Agreement, tax attributes with respect to, and the overpayment of, income and payroll taxes which relate to the Company Business or are otherwise allocated to the Company.

  • Credit Union Deductions The Employer agrees to honor Credit Union deduction requests for members who have properly signed and executed the payroll deduction form. Such deduction shall remain in effect until the Employer is properly notified in writing by the employee of any change.

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