Federal Tax Credit Timing Adjustment Sample Clauses

Federal Tax Credit Timing Adjustment. If at any time prior to the making of the Stabilization Capital Contribution, the Accountant determines that, or there shall be (A) a Federal Tax Credit Recapture/Reduction Event pursuant to which, the Actual Federal Credit properly allocable to the Investor Limited Partner for 2022 or 2023, is less than the respective Projected Federal Credit for 2022 or 2023, or (B) the Actual Federal Credit properly allocable to the Investor Limited Partner for 2022 or 2023, is greater than the respective Projected Federal Credit for 2021, 2022 or 2023 (each of “(A)” and “(B)” are referred to herein as the “Federal Timing Adjustment Target Amounts”), then the Capital Contribution of the Investor Limited Partner shall be reduced or increased, as the case may be, by reason of such variation of the Actual Federal Credits from the Federal Timing Adjustment Target Amounts and the deferral, if any, in the payment of the Investor Limited Partner’s Capital Contributions. Federal Timing Adjustment Target Amounts for purposes of the preceding sentence shall be adjusted by $0.[ ] [Under review] for each $1.00 by which the Adjusted Aggregate Federal Credit Amount varies from the Projected Aggregate Federal Credit Amount; provided, however, that in no event shall any increase in the Investor Limited Partner’s Capital Contribution as a result of this Section 5.2(e)(ii) exceed the lesser of $[381,295] or the limitation set forth in Section 5.2(e).
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Related to Federal Tax Credit Timing Adjustment

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  • Cost of Living Adjustments Effective December 1, 2021, Compensation Plan salary rates shall be increased by two and five tenths percent (2.5%) but not less than eighty-five dollars ($85) per month (prorated for part-time employees). Effective December 1, 2022, Compensation Plan salary rates shall be increased by three and one tenth percent (3.1%) but not less than one hundred dollars ($100) per month (prorated for part-time employees). (See Appendix C & E.)

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