Tax Equity Holdco definition

Tax Equity Holdco means each entity designated as a “Tax Equity Holdco” by the Borrower on Schedule 5.03(e).

Tax Equity Holdco means Groton Station Fuel Cell Holdco, LLC, a Delaware limited liability company.

Tax Equity Holdco means (a) each Inverted Lease Holdco and (b) each Partnership Flip Holdco. [***] Confidential treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission.

Examples of Tax Equity Holdco in a sentence

• At the request of the Borrower and subject to the satisfaction of the conditions set forth in Article IV below, the Administrative Agent and each of the undersigned Lenders hereby consents and agrees to the Tax Equity Holdco Acquisition, for which consent of the Administrative Agent and the Required Lenders is required pursuant to Section 2.05(b)(iii) of the Amended Credit Agreement (the “Consent”).

• The Borrower shall cause Tax Equity Holdco to provide to Administrative Agent promptly, but in no event later than thirty (30) days after Xxxxxxxx’s receipt thereof, copies of any amendments, supplements or other modifications to the Tax Equity Holdco LLC Agreement after the date of this Agreement.

• Upon the execution and delivery of this Agreement, Pledgor shall, and shall cause Tax Equity Holdco to, execute and deliver to Administrative Agent a letter in the form attached hereto as Exhibit A.

• All of the issued and outstanding Tax Equity Class B Membership Interests and Inverted Lease Opco Membership Interests have been duly authorized and validly issued and are owned of record and beneficially by the applicable Tax Equity Holdco and were not issued in violation of any preemptive right.

• Borrower shall exercise its right to acquire the Class A Member’s Membership Interests pursuant to the terms and conditions of the Tax Equity Holdco LLC Agreement during the ninety (90) day period beginning on the Flip Point (under and as defined in the Tax Equity Holdco LLC Agreement).

More Definitions of Tax Equity Holdco

Tax Equity Holdco means each entity designated as a “Partnership Flip Holdco”, “IRR Partnership Flip Holdco” or Inverted Lease Holdco” by the Borrower on Schedule 5.03(e).

Tax Equity Holdco means a wholly-owned subsidiary of the Borrower formed to own (a) in the case of a tax equity investment structured as a partnership flip, the non-tax equity interest in one or more Tax Equity JVs or Project Companies, and (b) in the case of a tax equity investment structured as an inverted lease, an equity interest in both the lessor and the Lessee. “Tax Equity Investor” means, with respect to any tax equity investment related to a Project, the Person that makes such tax equity investment. “Tax Equity JV” means, as of any time of determination, any Person (a) which is a special purpose vehicle formed solely for the purpose of holding equity, directly or indirectly, in one or more Project Companies, (b) in which a Loan Party or a Tax Equity HoldCo directly owns Stock and (c) (i) in the case of a tax equity investment structured as a partnership flip, that is the issuer of a Permitted Tax Equity Financing, or (ii) in the case of a tax equity investment structured as an inverted lease, has a member that is the issuer of a Permitted Tax Equity Financing and that is also the Lessee. For the avoidance of doubt, the term Tax Equity JV does not include a Lessee. “Tax Equity Party” means, at any time, collectively, (a) each Tax Equity JV, (b) each (direct or indirect) Subsidiary of each Tax Equity JV and (c) if not owned (directly or indirectly) by a Tax Equity JV, each Project Company that is directly or indirectly wholly owned by the

Tax Equity Holdco means, in the case of a Tax Equity Project, a wholly-owned subsidiary of the Borrower formed to own (a) in the case of a tax equity investment structured as a partnership flip, the Sponsor Membership Interests in one or more Tax Equity JVs or Project Companies, and (b) in the case of a tax equity investment structured as an inverted lease, Capital Stock in both the Tax Equity JV, as lessor, and the Lessee, in each case, that has delivered a Guarantee Assumption Agreement substantially in the form of Exhibit D to the Security Agreement.

Tax Equity Holdco means (a) each Inverted Lease Holdco and (b) each Partnership Flip Holdco.

Tax Equity Holdco has the meaning given in the Recitals.

Tax Equity Holdco means, in the case of a Tax Equity Project, a wholly-owned subsidiary of the Borrower formed to own

Tax Equity Holdco means, in the case of a Tax Equity Project, a wholly-owned subsidiary of the Borrower formed to own (a) in the case of a tax equity investment structured as a partnership flip, the Sponsor Membership Interests in one or more Tax Equity JVs or Project Companies, and (b) in the case of a tax equity investment structured as an inverted lease, Capital Stock in both the Tax Equity JV, as lessor, and the Lessee, in each case, that has delivered an accession agreement substantially in the form of Exhibit Q.