PTC Expiration Date definition

PTC Expiration Date shall have the meaning assigned to such term in Section 5(aa).
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PTC Expiration Date means December 31, 2013, or any later deadline for achieving the Under Construction requirement for the Project for purposes of Section 45 of the Code as a result of any change in law, including any retroactive change in law, or for qualification for (a) any substantively equivalent successor provision of the Code providing for a federal tax credit determined by reference to renewable electric energy produced from wind resources or (b) any replacement tax incentive available for renewable electric energy produced from wind resources, including an investment tax credit or cash grant in lieu of an investment tax credit, that provides a substantially equivalent financial value to Buyer.
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PTC Expiration Date as defined in the Holdings Operating Agreement.
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Examples of PTC Expiration Date in a sentence

  • If such Disposition would occur prior to the PTC Expiration Date, such Disposition would not be to a Related Party (or a Person who would become a Related Party as a result of such Disposition).

  • If the IRS (or any court of competent jurisdiction) issues guidance in addition to the IRS PTC Publication with regard to how a taxpayer satisfies the requirement under Section 45(d)(1) of the Code that specifies that “the construction of which begins before” the PTC Expiration Date, Seller shall use commercially reasonable efforts to modify the Under Construction Plan, in a manner reasonably acceptable to Buyer and the Independent Tax Attorney, to cause the Project to satisfy such requirement.

  • The Borrower shall, promptly upon obtaining knowledge or notice thereof, provide the Lender with written notice of any delay in (or the occurrence of any other event with respect to) a Qualified Project to the extent such Qualified Project could no longer reasonably be expected to complete construction at least sixty (60) days prior to the PTC Expiration Date applicable to such Qualified Project.

  • The Borrower shall, promptly upon obtaining knowledge or notice thereof, but in no event later than five (5) Business Days, provide the Administrative Agent with written notice of any delay in (or the occurrence of any other event with respect to) a Qualified Project to the extent such Qualified Project could no longer reasonably be expected to complete construction at least sixty (60) days prior to the PTC Expiration Date applicable to such Qualified Project.

Related to PTC Expiration Date

  • L/C Expiration Date means the day that is thirty days prior to the Maturity Date then in effect (or, if such day is not a Business Day, the next preceding Business Day).

  • Final Expiration Date shall have the meaning set forth in Section 7(a) hereof.

  • Initial Expiration Date shall have the meaning set forth in Section 1.1(d).

  • Term Expiration Date means the earlier of (i) the date that is thirty (30) years after the Term Commencement Date; provided that if such date occurs within an NFL Season or within thirty (30) days following an NFL Season, such date shall be automatically extended to the date that is thirty (30) days following the end of such NFL Season, as applicable, or (ii) the date on which the Stadium Lease is terminated pursuant to the express rights and terms of the Stadium Lease.

  • Stated Expiration Date has the meaning specified in Section 3.05(d).

  • Option Expiration Date means the last day of the maximum term of an Option.

  • Cure Expiration Date has the meaning set forth in Section 8.04(a).

  • Offer Expiration Date has the meaning set forth in the definition of “Offer to Purchase.”

  • Warrant Expiration Date means 5:00 P.M. (New York time) on __________, 2001 or the Redemption Date as defined in Section 8, whichever is earlier; provided that if such date shall in the State of New York be a holiday or a day on which banks are authorized or required to close, then 5:00 P.M. (New York time) on the next following day which in the State of New York is not a holiday or a day on which banks are authorized or required to close. Upon notice to all warrantholders the Company shall have the right to extend the warrant expiration date.

  • Release Expiration Date means the date that is twenty-one (21) days following the date upon which the Company timely delivers to Executive the Release (which shall occur no later than seven (7) days after the Date of Termination), or in the event that such termination of employment is “in connection with an exit incentive or other employment termination program” (as such phrase is defined in the Age Discrimination in Employment Act of 1967, as amended), the date that is forty-five (45) days following such delivery date.

  • Commitment Expiration Date means the date on which IHCDA’s commitment under the Program expires.

  • Lease Expiration Date means the later of (i) the date of the final payment in full of the Dutch Note and (ii) the Vehicle Lease Expiration Date for the last Lease Vehicle leased by the Lessee hereunder. The “Term” of this Agreement shall mean the period commencing on the Lease Commencement Date and ending on the Lease Expiration Date.

  • License expiration date means June 30 of even-numbered years.

  • Scheduled Expiration Date is defined in Schedule 1 to the Lease.

  • Expiration Date shall have the meaning set forth in Section 7(a) hereof.

  • Fundamental Change Expiration Time shall have the meaning specified in Section 16.02(b)(ix).

  • Appointment Expiration Time has the meaning set forth in Section 3.7.

  • Revolving Credit Expiration Date means the earlier to occur of (a) August 12, 2000, as the same may be extended from time to time in the sole and absolute discretion of the Bank or (b) the date on which this Agreement is terminated pursuant to Section 3.03 hereof.

  • Letter of Credit Expiration Date means the day that is seven days prior to the Maturity Date then in effect (or, if such day is not a Business Day, the next preceding Business Day).

  • Initial Termination Date has the meaning set forth in Section 9.1(b)(i).

  • Stated Expiry Date is defined in Section 2.6.

  • Extended Termination Date has the meaning specified in Section 2.16(c).

  • Date of Expiration means the date on which the Option shall expire, which shall be the earliest of the following times:

  • Series Termination Date means, with respect to any Series of Certificates, the date stated in the related Supplement.

  • Base Date means a date 30 day prior to the submission of tenders.

  • Optional Termination Date Any Distribution Date on or after which the Stated Principal Balance (after giving effect to distributions to be made on such Distribution Date) of the Mortgage Loans is less than 10.00% of the Cut-off Date Balance.