PPA Company definition

PPA Company means a Subsidiary of the Issuer which has entered into (or will enter into):

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

PPA Company means (i) an Affiliate of the Company that is the project entity (including, for the avoidance of doubt, any parent company of such project entity whose assets consist solely of 100% of the Capital Stock of such project entity) in a bona fide power purchase agreement program involving one or more third party investors and having a structure (including capital structure) that is materially consistent with that used in the Company’s past practice (as the same may be modified in good faith by the Company to take into account changes in tax law or industry practice), including the incurrence of only Indebtedness that is non-recourse to the assets of the Company and its Restricted Subsidiaries and is secured only by the assets of such project entity, (ii) a Wholly-Owned Subsidiary of the Company whose assets consist solely of the Capital Stock of one or more project entities described in clause (i) above, or (iii) a Wholly-Owned Subsidiary of the Company whose total assets as of any date of determination are less than $100,000 and whose total revenues for the most recently ended twelve-month period do not exceed $50,000 and who are formed for the purpose of (A) bidding on potential transactions and, if secured, financing, developing and/or operating such transactions in a fashion similar to the Company’s other power purchase agreement projects, or (B) bidding on awards under federal, state or local incentive programs and passing the benefits of such programs on to the Company or the owner or offtaker of the applicable fuel cell assets.

PPA Company means (i) an Affiliate of the Company that is the project entity in a bona fide power purchase agreement program involving one or more third party investors and having a structure that is materially consistent with that used in the Company’s past practice (as the same may be modified in good faith by the Company to take into account changes in tax law or industry practice) (a “Project Entity”) and (ii) a Wholly-Owned Subsidiary of the Company whose assets consist solely of the Capital Stock of one or more PPA Companies.

Examples of PPA Company in a sentence

However, in the event Company receives any Tax Attributes under the PPA, Company shall be the owner of such Tax Attributes and shall be entitled to transfer such Tax Attributes, if any, to any person.
Under the PPA, Company will obtain all Renewable Energy Certificates (“RECs”) attributable to the Renewable Energy.
In executing this PPA, Company does not and does not intend to extend its credit or financial support for the benefit of any Facility Lender or any other third party transacting with Seller.
If Company fails to apply for PUC Approval within 45 Days following the date of this PPA, Company shall be deemed to have waived its right to obtain PUC Approval and to terminate this PPA under this Section 6.1, and this PPA shall remain in full force and effect thereafter.
No later than 45 Days after the date of this PPA, Company may apply to the PUC for PUC Approval.
If Company fails to apply for URC Approval within forty-five (45) days following the date of this PPA, Company shall be deemed to have waived its rights under this Section.
In executing this PPA, Company does not, nor should it be construed to, extend its credit or financial support for the benefit of any third parties lending money to or having other transactions with Seller.
In executing this PPA, Company does not and does not intend to extend its credit or financial support for the benefit of any third parties lending money to or having other transactions with Seller.
If Company fails to apply for State Regulatory Approval within 45 Days following the date of this PPA, Company shall be deemed to have waived its right to seek State Regulatory Approval or to terminate this PPA under this Section and this PPA shall remain in full force and effect thereafter.
Under the PPA, Company will obtain all Renewable Energy Certificates (“RECs”) attributable to the Renew ▇▇▇▇▇ Energy Tracking System cking system associated with the Chemours and Company shall to Chemours all RECs attributable to the Allocated Ren without additional charges.