Extract to table

Veltara Basin must approve the action before the Company can proceed) and provisions that require only advance written notice (i

the Company must inform Veltara Basin of the action but does not need Veltara Basin's approval to proceed)

These conditions include, among others: (a) the partnership must be formed and maintained in accordance with the partnership agreement; (b) the project company must continue to own the qualifying property; (c) the allocation of tax items must be consistent with the partnership agreement and must have substantial economic effect (or be consistent with the partners' interests in the partnership); (d) the flip must occur at a specified time or upon the occurrence of a specified event; (e) the tax-equity investor must have a meaningful economic interest in the partnership (not merely a "sham" interest); and (f) the arrangement must not be part of a tax avoidance plan