Examples of Tax Equity Documents in a sentence
Borrower shall not, and shall not permit any Portfolio Entity to, (a) wind up, liquidate or dissolve its affairs, (b) combine, merge or consolidate with or into any other entity, or (c) purchase or otherwise acquire all or substantially all of the assets of any Person, except in connection with the purchase of any Investor’s interests in a Project Company made in accordance with the terms of the applicable Tax Equity Documents.
The Council has initiated a flurry of skate frameworks in recent years to address management concerns that arguably are related to the lack of a limited entry system.
Borrower shall cause the Portfolio Entities to make distributions to Borrower at least once per quarter, provided that there is cash available to distribute and such distributions are permitted by the applicable Portfolio Loan Documents, Tax Equity Documents and any ABS Transaction Documents.
With respect to each Tax Equity JV, the Borrower will cause the Tax Equity JV to distribute all Collections and Reinvestment Proceeds when and to the maximum extent permitted under the applicable Tax Equity Documents.
With respect to Tax Equity Proceeds, the Borrower will cause such Tax Equity Proceeds received by the Borrower in accordance with the applicable Tax Equity Documents to be deposited into the Collection Account promptly (and in any event within two (2) Business Days) following receipt thereof.