Sponsor definition
Examples of Sponsor in a sentence
The Sponsor shall have the right to select the underwriter(s) for such offering (which shall consist of one or more reputable nationally recognized investment banks), subject to the Company’s prior approval which shall not be unreasonably withheld, conditioned or delayed.
Without limiting any other reasonable mitigation efforts of Buyer pursuant to this Section 8.2(c), if Buyer does not recover all or any portion of such Damages under the TCL Policy after making commercially reasonable efforts, then Buyer will be permitted to make a claim against Sponsor for such unrecovered amount.
The Surety Bond shall be released and returned to Sponsor upon the earliest to occur of: (i) the acceptance by the IRS of Buyer’s U.S. federal income tax return for Buyer’s taxable year ending June 30, 2026, on which the Transferred Tax Credits are claimed by Buyer, through the IRS’ issuance of a Letter 590 (i.e., a “no change letter”) or similar document; or (ii) a Final Determination that the Transferred Tax Credits were properly claimed.
To Seller’s knowledge, no material breach of this Agreement by Seller, and no material breach by Seller, Sponsor, Guarantor or the Project Company under any of the other Transaction Documents to which Seller, Sponsor, Guarantor or the Project Company is a party to, has occurred and is continuing.
Buyer shall be entitled to make a claim against the Surety Bond upon a Final Determination to the extent Sponsor fails to satisfy its indemnification obligations under Section 8.2(a) and Guarantor fails to make payment in full to Buyer pursuant to the terms of the Guaranty in connection with any such failure by Sponsor.