GEV definition
Examples of GEV in a sentence
Parent will pay, or cause to be paid, any amount reasonably incurred and that is then due and payable to a third-party services provider (for valuations, legal costs, exit costs, or similar services) engaged on behalf of Parent or the Parent Investor with Parent’s prior consent (provided, for the avoidance of doubt, no such reimbursements shall be due or payable to GEV IA or any Affiliate thereof).
Additionally, GEV IA may (or may direct its Affiliates to) at any time propose for ▇▇▇▇▇▇’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.
GEV IA shall, as soon as practicable, provide to Parent interim reports with respect to extraordinary or material events or developments.
GEV IA shall provide and make available, or cause to be provided and made available, appropriately trained and experienced personnel of GEV IA or any Affiliate of GEV IA as are necessary for GEV IA or such Affiliate of GEV IA to perform the Investment Services.
Any existing right, authority or power or attorney previously granted by Parent or any other member of the Parent Group to GEV IA or any Affiliate of GEV IA, or any officer or employee thereof, with respect to any Tax Equity Investments, Tax Equity Transaction Documents or Tax Equity Partnerships is hereby terminated and revoked in full.
For any potential Tax Equity Investment presented by GEV IA under this Agreement that does not satisfy all of the Tax Equity Investment Requirements, GEV IA and Parent agree to discuss such potential investment in good faith and consider any exceptions that could be made by Parent on a case-by-case basis.
This Agreement does not convey any right or authority upon GEV IA or any Affiliate of GEV IA to enter into any Tax Equity Transaction Document, other Contract (including for the avoidance of doubt any legally binding commitment), or non-binding term sheet on behalf of Parent or any member of the Parent Group.
GEV IA shall not enter into any Contract or otherwise cause the Investment Services to be performed by any Person other than an Affiliate of GEV IA.
No agent or employee of the GEV IA, any service contractors or its or their Affiliates shall be or shall be deemed to be the employee or agent of any member of the Parent Group by virtue of this Agreement, and nothing in this Agreement shall be construed to make any member of the Parent Group an employer, directly or indirectly, of any employee, agent or subcontractor of GEV IA or any of its Affiliates under applicable Laws.
Each of GEV IA and Parent shall sometimes be referred to herein individually as a “Party” and together as the “Parties”.