ITC Extension definition

ITC Extension has the meaning set forth in Section 11.1(a). [Seller to delete if Section 11.1 is inapplicable]
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ITC Extension means the enactment of an amendment to section 48 of the Code that results in solar energy projects, the construction of which begin after December 31, 2021 and which are placed in service through at least December 31, 2026, qualifying for an energy credit under section 48 of the Code with an energy percentage (within the meaning of Section 48(a) of the Code) of greater than twenty six percent (26%). For purposes of this definition of “ITC Extension,” an amendment to Section 48 of the Code shall be considered as enacted when it has been passed by both the United States House of Representatives and the United States Senate and signed into law by the President of the United States.
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Related to ITC Extension

  • Brand extension means any brand that incorporates all or a substantial part of the unique features of a preexisting brand of the same supplier. As used in this subsection, "supplier" means a brewer, micro brewer, an outstate seller of beer, a wine maker, a small wine maker, an outstate seller of wine, a manufacturer of mixed wine drink, or an outstate seller of a mixed wine drink, a mixed spirit drink manufacturer, or an outstate seller of mixed spirit drink.

  • Initial Extension of Credit means the earlier to occur of the initial Borrowing and the initial issuance of a Letter of Credit hereunder.

  • REO Extension As defined in Section 3.16(a).

  • Time Extension shall have the meaning set forth in Clause 10.5;

  • Line Extension means the provision of facilities (including, but not limited to, poles, fixtures, wires, and appurtenances) necessary for delivering electrical energy from the point of origin to one or more of the customer's points of delivery. Facilities provided by the Company to maintain, protect, upgrade, or improve its overall distribution system (even if necessary due to a customer's load addition) are not considered part of a line extension.