Common use of Special Source Credits Clause in Contracts

Special Source Credits. Annual Percentage: 50% No. of Years 20 years; Credit Period does not commence until at least $7,500,000 has been invested in Costs of Infrastructure. See Section 3.02(a). Clawback information: Failure to invest at least $7,500,000 in Costs of Infrastructure during the Investment Period results in prospective loss of the Special Source Credits. Failure to continuously satisfy the Affordable Housing Requirements results in prospective (and retroactive if applicable) loss of the Special Source Credits. See Section 3.02(e).

Special Source Credits. Annual Percentage: 50% No. of Years 20 years; Credit Period does not commence until at least $7,500,000 has been invested in Costs of Infrastructure. See Section 3.02(a). Clawback information: Failure to invest at least $7,500,000 in Costs of Infrastructure during the Investment Period results in prospective loss of the Special Source Credits. Failure to continuously satisfy the Affordable Housing Requirements results in retroactive and prospective (and retroactive if applicable) loss of the Special Source Credits. See Section 3.02(e).