Definition of PTC Expiration Date


PTC Expiration Date means the last date on which a [insert generation technology] facility can be placed in service and qualify for Production Tax Credits. [Delete if Section 11.1 is inapplicable]

Examples of PTC Expiration Date in a sentence

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.
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).
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.