Common use of Subsequent Taxable Events Clause in Contracts

Subsequent Taxable Events. If, within 10 years from the date on which the relevant Participating TO's Interconnection Facilities are placed in service, (i) the Interconnection Customer Breaches the covenants contained in Article 5.17.2, (ii) a "disqualification event" occurs within the meaning of IRS Notice 88-129, or (iii) this LGIA terminates and the Participating TO retains ownership of the Interconnection Facilities and Network Upgrades, the Interconnection Customer shall pay a tax gross-up for the cost consequences of any current tax liability imposed on the Participating TO, calculated using the methodology described in Article 5.17.4 and in accordance with IRS Notice 90- 60.

Appears in 69 contracts

Sources: Large Generator Interconnection Agreement, Large Generator Interconnection Agreement, Standard Large Generator Interconnection Agreement

Subsequent Taxable Events. If, within 10 years from the date on which the relevant Participating TO's Interconnection Facilities are placed in service, (i) the Interconnection Customer Breaches the covenants contained in Article 5.17.2, (ii) a "disqualification event" occurs within the meaning of IRS Notice 88-129, or (iii) this LGIA terminates and the Participating TO retains ownership of the Interconnection Facilities and Network Upgrades, the Interconnection Customer shall pay a tax gross-up for the cost consequences of any current tax liability imposed on the Participating TO, calculated using the methodology described in Article 5.17.4 and in accordance with IRS Notice 90- 90-60.

Appears in 62 contracts

Sources: Large Generator Interconnection Agreement, Standard Large Generator Interconnection Agreement, Large Generator Interconnection Agreement

Subsequent Taxable Events. If, within 10 years from the date on which the relevant Participating TO's Interconnection Facilities are placed in service, (i) the Interconnection Customer Breaches the covenants contained in Article 5.17.2, (ii) a "disqualification event" occurs within the meaning of IRS Notice 88-129, or (iii) this LGIA terminates and the Participating TO retains ownership of the Interconnection Facilities and Network Upgrades, the Interconnection Customer shall pay a tax gross-up for the cost consequences of any current tax liability imposed on the Participating TO, calculated using the methodology described in Article 5.17.4 and in accordance with IRS Notice 90- 60.Article

Appears in 24 contracts

Sources: Large Generator Interconnection Agreement, Large Generator Interconnection Agreement, Large Generator Interconnection Agreement

Subsequent Taxable Events. If, within 10 years from the date on which the relevant Participating TO's Transmission Owner’s Interconnection Facilities are placed in service, (i) the Interconnection Customer Breaches the covenants contained in Article 5.17.2, (ii) a "disqualification event" occurs within the meaning of IRS Notice 88-129, or (iii) this LGIA GIA terminates and the Participating TO Transmission Owner retains ownership of the Interconnection Facilities and Network Upgrades, the Interconnection Customer shall pay a tax gross-up for the cost consequences of any current tax liability imposed on the Participating TOTransmission Owner, calculated using the methodology described in Article 5.17.4 and in accordance with IRS Notice 90- 90-60.

Appears in 7 contracts

Sources: Generator Interconnection Agreement, Generator Interconnection Agreement, Generator Interconnection Agreement

Subsequent Taxable Events. If, within 10 years from the date on which the relevant Participating TOTransmission Provider's Interconnection Facilities are placed in service, (i) the Interconnection Customer Breaches the covenants contained in Article 5.17.2, (ii) a "disqualification event" occurs within the meaning of IRS Notice 88-129, or (iii) this LGIA terminates and the Participating TO Transmission Provider retains ownership of the Interconnection Facilities and Network Upgrades, the Interconnection Customer shall pay a tax gross-up for the cost consequences of any current tax liability imposed on the Participating TOTransmission Provider, calculated using the methodology described in Article 5.17.4 and in accordance with IRS Notice 90- 90-60.

Appears in 6 contracts

Sources: Standard Large Generator Interconnection Agreement (Lgia), Standard Large Generator Interconnection Agreement (Lgia), Standard Large Generator Interconnection Agreement (Lgia)

Subsequent Taxable Events. If, within 10 years from the date on which the relevant Participating TOTransmission Provider's Interconnection Facilities are placed in service, (i) the Interconnection Customer Breaches the covenants contained in Article 5.17.2, (ii) a "disqualification event" occurs within the meaning of IRS Notice 88-88- 129, or (iii) this LGIA terminates and the Participating TO Transmission Provider retains ownership of the Interconnection Facilities and Network Upgrades, the Interconnection Customer shall pay a tax gross-up for the cost consequences of any current tax liability imposed on the Participating TOTransmission Provider, calculated using the methodology described in Article 5.17.4 and in accordance with IRS Notice 90- 90-60.

Appears in 6 contracts

Sources: Large Generator Interconnection Agreement, Large Generator Interconnection Agreement, Large Generator Interconnection Agreement

Subsequent Taxable Events. If, within 10 years from the date on which the relevant Participating TO's Interconnection Facilities are placed in service, (i) the Interconnection Customer Breaches the covenants contained in Article 5.17.2, (ii) a "disqualification event" occurs within the meaning of IRS Notice 88-129, or (iii) this LGIA terminates and the Participating TO retains ownership of the Interconnection Facilities and Network Upgrades, the Interconnection Customer shall pay a tax gross-up for the cost consequences of any current tax liability imposed on the Participating TO, calculated using the methodology described in Article 5.17.4 and in accordance with IRS Notice 90- 60.liability

Appears in 5 contracts

Sources: Large Generator Interconnection Agreement, Large Generator Interconnection Agreement, Large Generator Interconnection Agreement

Subsequent Taxable Events. If, within 10 years from the date on which the relevant Participating TOTransmission Provider's Interconnection Facilities are placed in service, (i) the Interconnection Customer Breaches the covenants contained in Article 5.17.2, (ii) a "disqualification event" occurs within the meaning of IRS Notice 88-129, or (iii) this LGIA SLGIA terminates and the Participating TO Transmission Provider retains ownership of the Interconnection Facilities and Network Upgrades, the Interconnection Customer shall pay a tax gross-gross- up for the cost consequences of any current tax liability imposed on the Participating TOTransmission Provider, calculated using the methodology described in Article 5.17.4 and in accordance with IRS Notice 90- 90-60.

Appears in 3 contracts

Sources: Surplus Large Generator Interconnection Agreement, Agreement to Amend Surplus Large Generator Interconnection Agreement, Agreement to Amend Surplus Large Generator Interconnection Agreement

Subsequent Taxable Events. If, within 10 ten (10) years from the date on which the relevant Participating TO's Transmission Provider’s Interconnection Facilities are placed in service, (i) the Interconnection Customer Breaches the covenants contained in Article 5.17.2, (ii) a "disqualification event" occurs within the meaning of IRS Notice 88-129, or (iii) this LGIA terminates and the Participating TO Transmission Provider retains ownership of the Interconnection Facilities and Network Upgrades, the Interconnection Customer shall pay a tax gross-up for the cost consequences of any current tax liability imposed on the Participating TOTransmission Provider, calculated using the methodology described in Article 5.17.4 and in accordance with IRS Notice 90- 90-60.

Appears in 3 contracts

Sources: Large Generator Interconnection Agreement, Large Generator Interconnection Agreement, Large Generator Interconnection Agreement

Subsequent Taxable Events. If, within 10 years from the date on which the relevant Participating TO's Transmission Provider’s Interconnection Facilities are placed in service, (i) the Interconnection Customer Breaches the covenants contained in Article 5.17.2, (ii) a "disqualification event" occurs within the meaning of IRS Notice 88-129, or (iii) this LGIA terminates and the Participating TO Transmission Provider retains ownership of the Interconnection Facilities and Network Upgrades, the Interconnection Customer shall pay a tax gross-up for the cost consequences of any current tax liability imposed on the Participating TOTransmission Provider, calculated using the methodology described in Article 5.17.4 and in accordance with IRS Notice 90- 90-60.

Appears in 2 contracts

Sources: Standard Large Generator Interconnection Agreement, Standard Large Generator Interconnection Agreement (Lgia)

Subsequent Taxable Events. If, within 10 years from the date on which the relevant Participating TO's Interconnection Facilities are placed in service, (i) the Interconnection Customer Breaches the covenants contained in Article 5.17.2, (ii) a "disqualification event" occurs within the the‌ meaning of IRS Notice 88-129, or (iii) this LGIA terminates and the Participating TO retains ownership of the Interconnection Facilities and Network Upgrades, the Interconnection Customer shall pay a tax gross-up for the cost consequences of any current tax liability imposed on the Participating TO, calculated using the methodology described in Article 5.17.4 and in accordance with IRS Notice 90- 90-60.

Appears in 1 contract

Sources: Large Generator Interconnection Agreement

Subsequent Taxable Events. If, within 10 years from the date on which the relevant Participating TO's ’s Interconnection Facilities are placed in service, (i) the Interconnection Customer Breaches the covenants contained in Article 5.17.2, (ii) a "disqualification event" occurs within the meaning of IRS Notice 88-129, or (iii) this LGIA terminates and the Participating TO retains ownership of the Interconnection Facilities and Network Upgrades, the Interconnection Customer shall pay a tax gross-up for the cost consequences of any current tax liability imposed on the Participating TO, calculated using the methodology described in Article 5.17.4 and in accordance with IRS Notice 90- 60.

Appears in 1 contract

Sources: Large Generator Interconnection Agreement

Subsequent Taxable Events. If, within 10 ten years from the date on which the relevant Participating TO's Transmission System Interconnection Facilities are placed in service, (i) the Interconnection Customer Breaches the covenants contained in Article 5.17.25.17.2 herein, (ii) a "disqualification event" occurs within the meaning of IRS Notice 882016-12936, or (iii) this LGIA Agreement terminates and the Participating TO retains Participants retain ownership of the Interconnection Facilities and Network Upgrades, the Interconnection Customer shall pay a tax gross-up for the cost consequences of any current tax liability imposed on the Participating TOany Participant(s), calculated using the methodology described in Article 5.17.4 herein and in accordance with IRS Notice 90- 602016-36.

Appears in 1 contract

Sources: Large Generator Interconnection Agreement (Lgia)

Subsequent Taxable Events. If, within 10 years from the date on which the relevant Participating TO's Interconnection Facilities are placed in service, (i) the Interconnection Customer Breaches the covenants contained in Article 5.17.2, (ii) a "disqualification event" occurs within the meaning of IRS Notice 88-129, or (iii) this LGIA terminates and the Participating TO retains ownership of the Interconnection Facilities and Network Upgrades, the Interconnection Customer shall pay a tax gross-up for the cost consequences of any current tax liability imposed on the Participating TO, calculated using the methodology described in Article Article‌ 5.17.4 and in accordance with IRS Notice 90- 90-60.

Appears in 1 contract

Sources: Large Generator Interconnection Agreement

Subsequent Taxable Events. If, within 10 years from the date on which the relevant Participating TO's Interconnection Facilities are placed in service, (i) the Interconnection Customer Breaches the covenants contained in Article 5.17.2, (ii) a "disqualification event" occurs within the meaning of IRS Notice 88-129, or (iii) this LGIA terminates and the applicable Participating TO retains ownership of the Interconnection Facilities and Network Upgrades, the Interconnection Customer shall pay a tax gross-up for the cost consequences of any current tax liability imposed on the that Participating TO, calculated using the methodology described in Article 5.17.4 and in accordance with IRS Notice 90- 90-60.

Appears in 1 contract

Sources: Large Generator Interconnection Agreement

Subsequent Taxable Events. If, within 10 years from the date on which the relevant Participating TO's Transmission Provider’s Interconnection Facilities are placed in service, (i) the Interconnection Customer Breaches the covenants contained in Article 5.17.2, (ii) a "disqualification event" occurs within the meaning of IRS Notice 88-129, or (iii) this QF-LGIA terminates and the Participating TO Transmission Provider retains ownership of the Interconnection Facilities and Network Upgrades, the Interconnection Customer shall pay a tax gross-up for the cost consequences of any current tax liability imposed on the Participating TOTransmission Provider, calculated using the methodology described in Article 5.17.4 5,17.4 and in accordance with IRS Notice 90- 90-60.

Appears in 1 contract

Sources: Qualifying Facility Large Generator Interconnection Agreement (Qf Lgia)

Subsequent Taxable Events. If, within 10 years from the date on which the relevant Participating TO's Transmission Provider’s Interconnection Facilities are placed in service, (i) the Interconnection Customer Breaches the covenants contained in Article 5.17.2, (ii) a "disqualification event" occurs within the meaning of IRS Notice 88-129, or (iii) this LGIA terminates and the Participating TO Transmission Provider retains ownership of the Interconnection Facilities and Network Upgrades, the Interconnection Customer shall pay a tax gross-up for the cost consequences of any current tax liability imposed on the Participating TOTransmission Provider, calculated using the methodology described in Article 5.17.4 and in accordance with IRS Notice 90- 90-60.

Appears in 1 contract

Sources: Interconnection Agreement (Renegy Holdings, Inc.)