Project Credits definition

Project Credits means any incentive, income, credit, rebate, right, benefit or advantage provided by a governmental authority or industry group relating to energy, design, materials or environmental matters, including means of production of energy, input sources, use of products or materials, efficiencies, type and level of emissions, and compliance with any energy or environmental laws, regulations, rules or orders;
View Source

Examples of Project Credits in a sentence

  • The Project Credits shall be the first funds expended on the Project and the Power Authority shall not begin financing any part of the Net Project Cost until the Project Credits have been fully expended.

  • The Net Project Cost shall equal the Total Project Cost as defined herein less the Project Credits, which is the portion of the Project Cost borne by ▇▇▇▇▇▇ Lake (capped at $ 3.2 million in 2004 dollars) and Lake Placid (capped at $ 6.5 million in 2004 dollars).

  • The Power Authority shall credit the full $ 9.7 million amount of the Project Credits to the Project as of the Execution Date of this Agreement and shall recover such amounts from the Villages as provided in Paragraph B.9 of this Agreement.

  • The respective contributions of each of the Villages to the Project Credits shall be amortized by the Power Authority over a period of twenty (20) years and collected by the Power Authority as a monthly surcharge on each Village’s Power Authority wholesale power ▇▇▇▇ or by separate ▇▇▇▇, as appropriate.

  • The respective contributions of each of the Villages to the Project Credits shall be amortized by the Power Authority over a period of twenty (20) years and collected by the Power Authority as a monthly surcharge on each Village’s Power Authority wholesale power bill or by separate bill, as appropriate.

  • The Owner acknowledges that BC Hydro rebates and other Project Credits may be received after Substantial Completion.

  • The Authority acknowledges that BC Hydro rebates and other Project Credits may be received after Substantial Completion.

  • For ease of reference by the CITY and the DESIGN PROFESSIONAL, EnvisionTM credits are broken out into different groupings: Foundation Credits, Project Credits, Specialized Credits, and Policy Credits.

  • The value of these Project Credits is determined by multiplying the per Project Cost listed in the Customer’s then-latest Order Form by the number of Project Credits equaling 1.5% of that Term’s Service Level Capacity.

  • Merger Sub shall receive a credit in the amount of the aggregate of all CapEx Project Credits determined in accordance with Section 5(r).