Examples of ITC in a sentence
In designing and constructing the Projects, Seller shall use best efforts to ensure each Project satisfies all requirements necessary to obtain (i) an ITC in an amount equal to at least 30% of qualified costs (the “30% ITC”), and (ii) an ITC adder of 10% of qualified costs for satisfaction of the Domestic Content Requirements (the “Domestic Content Adder”, and together with the 30% ITC, the “40% ITC”).
As soon as reasonably practicable after each City Effective Date, but no later than thirty (30) days after the end of the calendar year following the applicable City Effective Date, Seller shall (i) file a valid and completed application to obtain the 40% ITC for the applicable City Portfolio with the IRS, and (ii) deliver to Purchaser a report setting forth evidence of its ITC filing to the IRS for the applicable City Portfolio (the “ITC Filing Report”).
The ITC Filing Report shall include the following documents: [ ]4.