ITC definition

ITC. (this Section2 of the RFP) means the Instructions to Consultants that provides the Consultants with all information needed to prepare their Proposals.

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ITC means the investment tax credit established pursuant to Section 48 of the United States Internal Revenue Code of 1986.

ITC means an investment tax credit pursuant to Code Sections 38(b)(1), 46 and 48(a).

Examples of ITC in a sentence

The Company and Fervo represent and warrant to Investor and ▇▇▇▇▇ that the “safe harbor” “begin construction” date with respect to the ITC and PTCs that will be claimed in respect of the Project is prior to January 1, 2025, but no earlier than January 1, 2023, and the Company covenants and agrees to take (and cause the Project Company to take) any and all commercially reasonable actions necessary to preserve such “safe harbor” “begin construction” date.
The CC ITC Distribution shall be subdivided into a ITC MOIC Distribution and Base ITC Distribution.
The Administrative Agent shall have received the memorandum issued by Akin Gump Strauss Hauer & Feld regarding the PTC and ITC eligibility for the Project, dated as of October 3, 2025.
The “Guarantor” (as defined in either the PTC Transfer Agreement or the ITC Transfer Agreement) has become “Bankrupt” (as defined in such agreement), and the “Seller” (as defined in such agreement) has either (a) not provided a replacement guaranty or letter of credit in compliance with such agreement within thirty (30) days, or (b) has notified the Administrative Agent in writing that it does not intend to provide a replacement guaranty or letter of credit in compliance with such agreement.
Subject to Section 5.01(b)-(c), (i) all Available Cash shall be distributed to the Members on a quarterly basis in accordance with Section 1 of Exhibit A, (ii) if a Debt Recap occurs prior to Final Completion, Distributable DR Proceeds shall be distributed to the Members in accordance with Section 2 of Exhibit A, and (iii) Distributable ITC Transfer Proceeds shall be distributed to the Members in accordance with Section 3 of Exhibit A.

More Definitions of ITC

ITC. (this Section2 of the RFP) means the Instructions to Consultants that provides the

ITC means the Oregon State Hospital’s (OSH) Psychology Internship Program’s (OSH-PIP) Internship Training Committee. The ITC consists of licensed doctoral psychologists, and licensed-eligible persons. The ITC assists the Training Director(s) with development, oversight, and evaluation of the internship program; this includes the development and implementation of policies as well as intern selection.

ITC means the federal investment tax credit set forth in Section 48 of the Code or any successor provision.

ITC means the federal investment tax credit of 15% in respect of an eligible individual’s “flow-through mining expenditure” as defined in subsection 127(9) of the Tax Act.

ITC means the tax credit for “energy property” described in Section 48(a)(3)(A)(i) and 48(a)(5) of the Internal Revenue Code of 1986, as it may be amended or supplemented from time to time.

ITC. (this Section 2 of the RFP) means the Instructions to Consultants that providesthe shortlisted Consultants with all information needed to prepare their Proposals.

ITC. (this Section 3 of the RFP) means the Instructions to Consultants that, along with other Sections, provides the Consultants with all information needed to prepare their Proposals.