DESCRIPTION OF QUALIFIED PROPERTY Sample Clauses
The 'Description of Qualified Property' clause defines and specifies the particular assets or property that are considered 'qualified' under the terms of the agreement. This clause typically outlines the characteristics, location, and identifying details of the property, such as serial numbers, legal descriptions, or other distinguishing features. By clearly identifying what constitutes qualified property, the clause ensures that all parties have a mutual understanding of the assets involved, thereby reducing ambiguity and potential disputes regarding eligibility or coverage under the contract.
DESCRIPTION OF QUALIFIED PROPERTY. The Qualified Property that is subject to the Tax Limitation Amount is described in EXHIBIT 4, which is attached hereto and incorporated herein by reference for all purposes. Property which is not specifically described in EXHIBIT 4 shall not be considered by the District or the Appraisal District to be part of the Applicant’s Qualified Property for purposes of this Agreement, unless by official action the Board of Trustees provides that such other property is a part of the Applicant’s Qualified Property for purposes of this Agreement in compliance with Section 313.027(e) of the TEXAS TAX CODE, the Comptroller’s Rules, and Section 10.2 of this Agreement.
DESCRIPTION OF QUALIFIED PROPERTY. The Qualified Property that is subject to the Tax Limitation Amount is described in EXHIBIT 4, which is attached hereto and incorporated herein by reference for all purposes. Property which is not specifically described in EXHIBIT 4 shall not be considered by the District or the Appraisal District to be part of the Applicant’s Qualified Property for purposes of this Agreement, unless by official action the Board of Trustees provides that such other property is a part of the Applicant’s Qualified Property for purposes of this Agreement in compliance with Section 313.027(e) of the TEXAS TAX CODE and the Comptroller’s rules (applicable as of the Application Review Start Date), and Section 11.2 of this Agreement.
DESCRIPTION OF QUALIFIED PROPERTY. Capacity Updated;
DESCRIPTION OF QUALIFIED PROPERTY. Below is a list of the major new equipment that will be considered Qualified Property: • Separators • Columns • Drums • Process Vessels • Auto thermal reformer • Methanol reactor • Steam drums • Motors • Exchangers • Preheaters • Heaters • Superheaters • Blowers and associated motors • Absorbers • Saturators • Boilers • Compressors • Pumps and associated motors • Filters • Flare • Scrubbers • Water Deaerators • Process Tanks • Electrical Switchgear and main electrical components • Electrical Substation • Transformers • Power Distribution Center • Instrumentation equipment • Control Equipment & Room • Loading and unloading equipment and road works Also included in this application are all of the associated concrete foundations, pipe supports, intra- plant piping, intra-plant conduit and connections, control loops, safety systems, fire water protection, insulation, pollution control equipment and utilities necessary to safely operate the new equipment.
DESCRIPTION OF QUALIFIED PROPERTY. The Qualified Property that is subject to the Tax Limitation Amount is described in EXHIBIT 4, which is attached hereto and incorporated herein by reference for all purposes. Property which is not specifically described in
DESCRIPTION OF QUALIFIED PROPERTY. 250LB 8me LLC is a 300 MW/AC solar electric generation facility that will be located in eastern Bell County in Academy Independent School District. In its entirety, the facility will feature 894,081 photovoltaic panels, 81 central inverters, along with an energy storage system. 250LB 8me LLC requests that the limitation covers all qualified investment and qualified property located within Academy ISD. It is our request that the limitation includes all eligible and ancillary equipment including the following: • Substation • Interconnection Facilities • Transmission Line • Solar Modules & Panels • Inverter and Transformers • Power Conditioning Equipment • Foundations • Combiner Boxes • Roadways, Paving, & Fencing • Operation & Maintenance Buildings • Posts & Racking Equipment • DC and AC collection wires, cables, and equipment • Meteorological Towers & Equipment • Mounting & Tracker Equipment • SCADA equipment • Energy Storage System Equipment
DESCRIPTION OF QUALIFIED PROPERTY. Zeus Renewable Energy Development LLC plans to construct a 300 MW solar farm, including battery storage for the power generated on site, in ▇▇▇▇ County. This application covers all qualified property within ▇▇▇▇▇▇▇▇▇ ISD necessary for the commercial operations of the proposed solar farm described in Tab4. Panel placement will be within the boundaries of the established reinvestment zone. The batteries included in the Qualified Property will solely be used for the storage of electricity generated by this solar project. This application covers all qualified investment and qualified property necessary for the commercial operations of the solar farm. • solar panels • foundations • roadways • buildings and offices • battery storage for power generated on site • collection system • communication system • electric substation & electric switch-yard • electric transformers • transmission line • all associated equipment • interconnection facilities All qualified property and investment will be located within the project boundary, reinvestment zone, ▇▇▇▇▇▇▇▇▇ ISD and ▇▇▇▇ County. Attachment to application for appraised value limitation on qualified property by ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Energy Development LLC, ▇▇▇▇ Solar I, LLC, to ▇▇▇▇▇▇▇▇▇ ISD Zeus Renewable Energy Development LLC, ▇▇▇▇ Solar I, LLC Chapter 313 Application to ▇▇▇▇▇▇▇▇▇ ISD
DESCRIPTION OF QUALIFIED PROPERTY. Ranchero Wind Farm, LLC plans to construct a 300 MW wind farm in ▇▇▇▇▇▇▇▇ County. This Agreement covers all qualified property within ▇▇▇▇▇▇▇▇ County CCSD necessary for the commercial operations of the proposed wind farm described in Tab 4 of the Application. Three hundred megawatts (300 MW) will be located in ▇▇▇▇▇▇▇▇ County CCSD. Turbine placement is subject to change, but the Project anticipates using 120 of the 2.5 MW turbines manufactured by GE. This Agreement covers all qualified investment and qualified property necessary for the commercial operations of the wind farm. Qualified Investment and qualified property includes, but is not limited to, turbines, towers, foundations, transformers, pad mounts, buildings and offices, underground collection systems, electric substation, transmission lines, electrical interconnections, met towers, roads, and control systems necessary for commercial generation of electricity.
DESCRIPTION OF QUALIFIED PROPERTY. High Lonesome Wind Power, LLC plans to construct a 210.23 MW wind farm in ▇▇▇▇▇▇▇▇ County. This application covers all qualified property within ▇▇▇▇▇▇▇▇ County CCSD necessary for the commercial operations of the proposed wind farm described in Tab 4. Two hundred and ten and twenty‐three one‐hundredths megawatts (210.23 MW) will be located in ▇▇▇▇▇▇▇▇ County CCSD. Turbine placement is subject to change but for purposes of this application, the Project anticipates using 68 turbines. This application covers all qualified investment and qualified property necessary for the commercial operations of the wind farm. Qualified Investment and qualified property includes, but is not limited to, turbines, towers, foundations, transformers, pad mounts, underground collection systems, electric substation, transmission lines, electrical interconnections, met towers, roads, and control systems necessary for commercial generation of electricity. AMENDMENT 003 | DATE SUBMITTED: 07.27.2018
DESCRIPTION OF QUALIFIED PROPERTY. The Applicant anticipates constructing a solar photovoltaic electric generating facility with an operating capacity of approximately 240 MW. Applicant estimates 85% of the project will be located in Prairiland ISD. The entire Prairiland ISD portion will be considered qualified investment for this application. The exact capacity and specific technology components will be determined during the development and design process. The facility may include the following improvements: