Tax Equity Document definition

Tax Equity Document means any agreements entered into by Borrower, its Subsidiaries and Tax Equity Investors relating to, arising under or in connection with a Tax Equity Commitment.

Tax Equity Document means (a) each Project Company LLC Agreement, (b) each Project Company LLC Agreement Guaranty and (c) each Purchase Agreement.

Tax Equity Document means any agreements entered into by any Borrower, its Subsidiaries or an Excluded Subsidiary and Tax Equity Investors relating to, arising under or in connection with a Tax Equity Commitment.

Examples of Tax Equity Document in a sentence

• Without prior consent of the Lender, which consent shall not be unreasonably withheld, conditioned or delayed, Borrower shall not, and shall not permit any Portfolio Entity to, consent to the assignment of any obligations under any Major Project Document or any Tax Equity Document by any counterparty thereto (other than collateral assignments by an Investor in connection with any bona fide financing transactions).

• To such Obligor’s Knowledge, there is no outstanding material indemnity claim by any Tax Equity Investor under any Tax Equity Document.

• Each Obligor will, and will cause each of its Subsidiaries to, perform all of its material obligations, and pursue all its material rights and remedies, under each Project Document and Tax Equity Document to which it is a party, except for such nonperformance or non-pursuit as would not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect.

• Any capital contribution or loan required to be made by any Tax Equity Holdco to any Tax Equity Opco pursuant to the applicable Tax Equity Opco Limited Liability Company Agreement or any other Tax Equity Document shall be made solely from the proceeds of Excluded Property or a contribution from the Sponsor or Pledgor (it being understood that repayments on any such loan shall not be Excluded Property and shall be paid directly into the Revenue Account by the applicable Tax Equity Holdco).

• Each Obligor and each of its Subsidiaries is a partnership or an entity disregarded as separate from its owner for U.S. federal income tax purposes (other than Persons (other than the Borrower) with different Tax status in connection with a Permitted Tax Equity Arrangement, Tax Equity Document or Facility Acquisition, provided that in each case the expected tax effects of such other Tax status are properly reflected in the applicable Pro Forma Model).

More Definitions of Tax Equity Document

Tax Equity Document means the Tax Equity LLCAs and the ECCAs.

Tax Equity Document means documents with respect to the tax equity partnership of each of SFEE, SFGF, SFGF II and SFRC listed on Schedule 3.09(a)(iii).

Tax Equity Document means the Tax Equity LLCA and the ECCA.

Tax Equity Document means an agreement or instrument entered into by the Borrower or a Subsidiary and a Tax Equity Investor that evidences such Tax Equity Investor’s Tax Equity Commitment.

Tax Equity Document and “Tax Equity Documents,” have the respective meanings in Schedule 1.1B of this Agreement.

Tax Equity Document means any agreements entered into by the Borrower or its Subsidiaries and Tax Equity Investors relating to, arising under or in connection with a Tax Equity Commitment. “Tax Equity Investor” means an investor that has an agreement with the Borrower or any of its Subsidiaries to provide a commitment to purchase, lease or otherwise finance Projects installed or to be installed pursuant to a Host Customer Agreement, which Projects are eligible for ITC or other tax benefits (such as depreciation).

Tax Equity Document means, with respect to any Group Company or any project under development by any Group Company, any Contract to which the applicable Group Company is a party entered into with or for the benefit of any tax equity investor, including any equity capital contribution agreement, membership interest purchase agreement, limited liability company agreement, any lease, rental schedule or other agreement required in connection with a “partnership flip,” “sale leaseback” or “inverted lease” transaction or other tax equity arrangement, and any related guarantees or other credit support in connection with any of the foregoing, along with all amendments and supplements thereto.