Recapture Period definition

Recapture Period means the period commencing on the Effective Date and ending on the fifth anniversary of the last date that a Project owned by the Company is Placed in Service.

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Recapture Period means the 5-year period beginning on the

Recapture Period means, with respect to any Project, the period from the date such Project is Placed in Service through the fifth anniversary of such date.

Examples of Recapture Period in a sentence

During the Recapture Period, the Seller shall not, and shall cause the Seller Parties to not, incur or suffer to exist any (A) Liens except Permitted Liens; (B) secured or unsecured indebtedness except Permitted Indebtedness; provided, however, that this clause (xi) shall not prohibit any such action (or inaction) to the extent that it results in a Tax Credit Loss that is fully insured, and for which Buyer is made whole, pursuant to the Tax Insurance Policy.
Such collateral security shall be in an amount equal to 110% of the Purchase Price (provided that the Purchase Price, for purposes of such calculation, shall be reduced by 20% upon the expiration of the statute of limitations (including extensions) for assessment and collection of tax by the IRS with respect to tax returns filed by the Buyer for the first year of the Recapture Period, and then by an additional 20% each annual anniversary thereafter).
During the Recapture Period, the Guarantor shall, (a) not later than the date that is 60 days after the end of each fiscal quarter, deliver (or make publicly available) the unaudited financial statements of Guarantor for such fiscal quarter and (b) not later than the date that is 120 days after the end of each fiscal year, deliver (or make publicly available) the audited financial statements of the Guarantor for such fiscal year.
During the Recapture Period, the Guarantor shall, (a) not later than the date that is sixty (60) days after the end of each fiscal quarter, deliver to each Buyer the unaudited financial statements of Guarantor for such fiscal quarter and (b) not later than the date that is one hundred twenty (120) days after the end of each fiscal year, deliver to each Buyer the audited financial statements of the Guarantor for such fiscal year.
During the Recapture Period, the Seller shall not, and shall cause the Seller Parties to not, incur or suffer to exist any (A) Liens except Permitted Liens; (B) secured or unsecured indebtedness except Permitted Indebtedness; provided, however, that this clause (xi) shall not prohibit any such action (or inaction) to the extent that it results in a Tax Credit Loss that is fully insured, and for which each Buyer is made whole, pursuant to the Tax Insurance Policy.

More Definitions of Recapture Period

Recapture Period means, with respect to any System, the period from the date on which the System is placed in service for federal income tax purposes until the 5th anniversary of the date the System is placed in service for federal income tax purposes.

Recapture Period means the five year period beginning on the date that the last Facility is placed into service for federal income tax purposes.

Recapture Period has the meaning set forth in ‎Section 4.03.

Recapture Period means the earlier of (i) the expiration of the five (5) year period commencing on the date on which the Project is reported as “placed in service” in the relevant Cash Grant application for such Project, in accordance with the Cash Grant Guidance, or (ii) the date that the Project Company has become obligated to repay the Cash Grant.

Recapture Period means the period commencing on the Placed in Service Date and ending on the fifth anniversary of the Placed in Service Date or, to the extent applicable, such different period as prescribed under the Code.

Recapture Period means the period commencing on the date the Facility was Placed in Service and ending on the fifth anniversary thereof.

Recapture Period means each period (a) commencing on the later of (i) the Restatement Date and (ii) the day immediately following the last day of the immediately preceding Recapture Period, and (b) ending on the date on which the Company and/or its Subsidiaries receives Net Available Proceeds which, together with all Net Available Proceeds received since the first day of such Recapture Period, equal or exceeds in the aggregate $1,000,000.