Tax Equity Investor means an investor in the Seller who through a transaction or series of transactions is seeking a return that is enhanced by tax credits and/or tax depreciation and generally (i) described in Revenue Procedures 2001-28 (sale-leaseback (with or without leverage”)), 2007-65 (flip partnership) or 2014-12 (flip partnership and master tenant partnership) as those revenue procedures are reasonably applied or analogized to a battery storage project transaction (as opposed to a wind farm or rehabilitated real estate) or (ii) contemplated by Section 50(d)(5) of the Internal Revenue Code of 1986, as amended (a pass through lease).

Tax Equity Investor means, collectively, each entity set forth under the heading “Tax Equity Investors” on Schedule VIII hereto.

Examples of Tax Equity Investor in a sentence

Seller shall provide Buyer with a notice identifying a single Lender (if any) and Tax Equity Investor to whom default notices are to be issued.
To facilitate Seller’s efforts to obtain financing to construct and operate the Project, Buyer shall provide such consents to assignments, certifications, estoppels, representations, information, and other documents as may be reasonably requested by Seller, a Project Lender, or a Tax Equity Investor in connection with the financing of the Project.
Nothing contained in this Article 24 shall be deemed to modify the provisions of Section 10.04 hereof (including without limitation, as they apply, where applicable, to a Tax Equity Investor under Section 38.01).
Seller shall reimburse Buyer for the reasonable, out-of-pocket costs and expenses (including the fees and expenses of counsel) incurred by Buyer in the preparation, negotiation, execution, or delivery of any documents requested by Seller or a Project Lender or Tax Equity Investor pursuant to this Section 11.4(c).
Neither Taxpayer nor Tax Equity Investor are subject to the tax normalization rules of § 168(i)(9) nor former § 46(f) as a result of their interests in Solar JV or the related transactions described herein.

More Definitions of Tax Equity Investor

Tax Equity Investor has the meaning set forth in the definition of Tax Equity Financing.

Tax Equity Investor means, with respect to a Tax Equity Financing, one or more tax equity investors that (i) invests in Seller or in a Project Company or any Upstream Equity Owner or Downstream Equity Owner, (ii) purchases a Facility and leases it back to Seller (or an Affiliate of Seller) or (iii) leases a Facility from Seller or an Affiliate of Seller or invests in a direct or indirect lessee of the Facility.

Tax Equity Investor means an investor that has entered into agreements with Borrower or its Subsidiaries to provide a commitment to purchase, lease or otherwise finance PV System projects installed or to be installed pursuant to a Host Customer Agreement, which projects are eligible for a Tax Credit.

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 Investor means, with respect to any Project, any Person (including, in the case of an investor, its parent company guaranteeing such investor’s applicable obligations under the relevant Tax Equity Documents) that is the provider of capital contributions pursuant to a tax equity arrangement through a “partnership flip,” “sale leaseback,” “inverted lease” or other structure.

Tax Equity Investor is defined in Section 38.01.

Tax Equity Investor means [***].