Tax Credit Financing Sample Clauses

Tax Credit Financing. Documentary evidence reasonably acceptable to the Executive Director that Developer has committed, or caused to be committed, the Tax Credit Funds, which commitment may be subject only to reasonable and customary conditions.
Sample 1
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Tax Credit Financing. Notwithstanding the restrictions on transfer of any interest in a Phase by sublease or otherwise or financing a Phase, in connection with any tax credit financing with respect to the affordable units to be constructed pursuant to Section 5.1, Developer may sublease such Phase and any such sublease of such Phase pursuant to a structure which will allow tax credit financing to be accomplished, shall not require approval of the CRA under this Lease.
Sample 1
Tax Credit Financing. Evidence reasonably acceptable to the City that Developer has committed, or caused to be committed, funds from the syndication of the Tax Credits (the “Tax Credit Funds”) to construction of the Development, subject only to reasonable and customary conditions.
Sample 1

Related to Tax Credit Financing

  • Bank Financing The Buyer’s ability to purchase the Property is contingent upon the Buyer’s ability to obtain financing under the following conditions: (check one) ☐ - Conventional Loan ☐ - FHA Loan (Attach Required Addendums) ☐ - VA Loan (Attach Required Addendums) ☐ - Other:

  • Tax Increment Financing The Redevelopment Agreement provides for the capture of the Tax Increment, as defined therein, by the City of the Redeveloper Improvements to be made by the Redeveloper for a period not to exceed fifteen (15) years after the Redevelopment Project effective date defined in the Redevelopment Agreement. The Tax Increment so captured by the City shall be used for to make the Redeveloper Improvements as described in the Redevelopment Agreement.

  • Financial Commitment 4.1. The cost associated with the representative season (refer representative season handbook) MUST be paid with the signing of this agreement.

  • Project Financing B.1. The Foundation hereby agrees to fund, by Conditional Grant, the implementation of the Proposal in the maximum sum of $ or 50% of the actual expenditures on the Project, as contemplated in the Approved Project Budget, whichever is less, and at the times and as may otherwise be set forth in Annex B hereto.

  • Pre-financing Pre-financing is intended to provide the beneficiary with a float. Where required by the provisions of Article I.4 on pre-financing, the beneficiary shall furnish a financial guarantee from a bank or an approved financial institution established in one of the Member States of the European Union. The guarantor shall stand as first call guarantor and shall not require the Commission to have recourse against the principal debtor (the beneficiary). The financial guarantee shall remain in force until final payments by the Commission match the proportion of the total grant accounted for by pre-financing. The Commission undertakes to release the guarantee within 30 days following that date.

  • Credit Union Examination We may disregard any information on any check or draft other than the signature of the drawer, the amount, and any magnetic encoding. You agree that we do not fail to exercise ordinary care in paying an item solely because our procedures do not provide for sight examination of items.

  • Credit Facilities 22 2.1 Loans....................................................................... 22 2.2 Letters of Credit........................................................... 22 2.3 Commitments................................................................. 25

  • Refinancing Substantially simultaneously with the funding of the Initial Term Loans, the Closing Date Refinancing shall be consummated.

  • Financing Arrangement 5.2.1 The Developer shall at its own cost, expenses and risk make such financing arrangement as would be necessary to implement the Project and to meet all of its obligations under this Agreement, in a timely manner.

  • FISCAL IMPACT/FINANCING There will be no impact to the County General Fund.

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