Project Company definition
Examples of Project Company in a sentence
The foregoing shall not restrict the Seller or the Project Company (or any Affiliate) from using project data related to the Facility in connection with the development of other renewable energy or other projects by the Seller or the Project Company (or any Affiliate).
The Guarantor has established adequate means of obtaining financial and other information pertaining to the businesses, operations and condition (financial and otherwise) of Seller, Project Company and their properties on a continuing basis, and the Guarantor now is and hereafter will have responsibility for maintaining familiarity with the businesses, operations and condition (financial and otherwise) of Seller, Project Company and their properties.
The Transferred Tax Credits represent all of the Tax Credits that, but for this Agreement, would be claimed by the Seller from its ownership interest in the Project Company.
Such statements may name the Seller or any Seller Party that owns the Project Company as “debtor” and the Buyer as “secured party”.
The Seller shall not, and shall not cause or permit the Project Company to, (A) claim on its federal income tax return the benefits of (x) any Transferred Tax Credits or (y) any bonus Tax Credits pursuant to Sections 48(a)(12) or 48(a)(14) of the Code unless otherwise consented to in writing by the Buyer, or (B) take any position for any purpose inconsistent with a sale or transfer of the Transferred Tax Credits hereunder.