Examples of Recapture Period in a sentence
After the Recapture Period has ended, the limitations pursuant to this Article IX on Change of Control of any Member shall apply only to such Member directly and shall not apply to any Person that directly or indirectly owns an interest in such Member.
Prior to the end of the Recapture Period with respect to any System, no Transfer of a Person that directly or indirectly owns an interest in a Member will be permitted if the transfer would cause the Company or Project Company to become a Disqualified Person or cause the Systems, or any portion thereof, to be classified as “tax-exempt use property” for purposes of Section 168 of the Code.
Recapture Period The recapture period is the length of time over which the FDPL will be forgiven.
If such Transfer would occur prior to the end of the Recapture Period, such Transfer does not and will not result in the Recapture of any ITCs previously accrued to the Company.
In the event that any Mortgage Loan prepays-in-full within the period of time from the related Closing Date set forth in the related Trade Confirmation (the "Premium Recapture Period"), the Company shall, upon demand by the Purchaser made no later than 180 days after the expiration of the related Premium Recapture Period, remit to the Purchaser the Premium with respect to such prepaid Mortgage Loan net of the amount of any Prepayment Charges paid with respect to such Mortgage Loan.