Tax Equity Proceeds definition

Tax Equity Proceeds means the aggregate amount of capital contributions (other than Deferred Contributions) actually paid by Tax Equity Investors to the applicable Tax Equity Entity at any time on or after the closing date of the applicable Tax Equity Financing pursuant to the applicable Project Financing Document or other definitive agreement entered into in connection with the acquisition of Tax Equity Interests in such Tax Equity Entity.
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Tax Equity Proceeds means the proceeds of the investment by a Permitted Tax Equity Investor in a Tax Equity JV (other than proceeds of the Initial TE Funding).
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Tax Equity Proceeds means the aggregate amount of capital contributions (other than Deferred Contributions as defined in the Project Financing Documents) actually paid by Sunlight Renewables Tax Equity Investor to the applicable Acquired Company (pursuant to the Sunlight Renewables ECCA) at any time on or after the closing date of the applicable Sunlight Renewables Tax Equity Financing pursuant to the applicable Project Financing Document or other definitive agreement entered into in connection with the acquisition of Tax Equity Interests in such Acquired Company.
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Examples of Tax Equity Proceeds in a sentence

  • Notwithstanding anything to the contrary contained herein, Buyer shall not be entitled to offset the amount of any payments required to be made by, or claimed against, Seller under any Transaction Document or any other agreement between the Parties against the amount of any Cash Grant Or Tax Equity Proceeds due to Seller pursuant to this Agreement.

  • In the event that any Cash Grant Or Tax Equity Proceeds received by or on behalf of the Mt. Signal Project is reduced pursuant to an audit by a Governmental Entity after Buyer has paid such Cash Grant Or Tax Equity Proceeds to Seller, Seller shall reimburse Buyer for fifty percent (50%) of the amount of any such reduction.

  • For the purposes of this Agreement, the term “Administrative Costs” means reasonable third party out of pocket costs incurred by the EDA and City, which are directly attributable to or incurred in connection with the negotiation and preparation of this Agreement, and other documents and agreements in connection with the Project to which the Developer is a party, including without limitation the cost of financial advisors, attorneys, and planning and environmental consultants.

  • 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.

  • Following the Closing, if and when, at any time and from time to time any Cash Grant Or Tax Equity Proceeds are received by or on behalf of an Acquired Company, Seller shall be entitled to receive from Buyer an amount equal to fifty percent (50%) of such Cash Grant Or Tax Equity Proceeds, which amount shall be paid by Buyer to Seller within five (5) Business Days after the receipt of such Cash Grant Or Tax Equity Proceeds.

  • The Parties agree that the receipt by any Acquired Company and the payment to Seller of Cash Grant Or Tax Equity Proceeds shall be treated for Tax purposes in a manner that does not give rise directly or indirectly to income to Buyer.


More Definitions of Tax Equity Proceeds

Tax Equity Proceeds means the proceeds of the investment by a Permitted Tax Equity Investor in a Tax Equity JV or
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