Tax Credit Properties Sample Clauses

Tax Credit Properties. 1. Choose only the applicable one:
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Tax Credit Properties. Certain properties to be acquired by Purchaser, pursuant to the terms and conditions of a letter agreement between Seller and Purchaser which has been executed contemporaneously with the execution of this Agreement ("Tax Credit Properties Letter Agreement"), are burdened by an Assignment of Oil & Gas Leases with Reservation of Production Payment, dated effective September 1, 1995, between Seller, as grantor, and Natural Gas Investments, L.L.C. ("NGI"), as grantee ("Tax Credit Properties"). Pursuant to an option to Purchase Oil and Gas Interests, dated September 1, 1995, between Seller and NGI ("Option Agreement"), Seller has the unilateral right to repurchase the Tax Credit Properties from NGI upon the terms and conditions contained in the Option Agreement. Seller shall exercise its option to repurchase the Tax Credit Properties, effective September 1, 1997 and pay NGI for such repurchase in accordance with the Option Agreement ("Option Purchase Price").
Sample 1
Tax Credit Properties. 1. Choose only the applicable one: (a) Modifications to Multifamily Loan and Security Agreement – Addenda to Schedule 2 – Summary of Loan Terms (Tax Credit Properties) (6102.03). (b) Modifications to Multifamily Loan and Security Agreement – Addenda to Schedule 2 – Summary of Loan Terms (Tax Credit Properties – No Equity Investor) (6102.03.ALT). 2. Choose only the applicable one: (a) Modifications to Multifamily Loan and Security Agreement (Tax Credit Properties) (6219). (b) Modifications to Multifamily Loan and Security Agreement (Tax Credit Properties – No Equity Investor) (6219.ALT). 3. Modifications to Security Instrument (Tax Credit Properties) (6315). 4. For use when the Mortgaged Property is encumbered by an agency regulatory agreement or recorded use restriction under which all or a portion of the residential units are restricted for occupancy by tenants with limited incomes and which restricts the rents that can be charged for those units: (a) Modifications to Multifamily Loan and Security Agreement – Addenda to Schedule 2 – Summary of Loan Terms (Rent Restriction Agreement - Scorecard Exclusions for Affordable Housing) (6102.23). (b) Modifications to Multifamily Loan and Security Agreement (Rent Restriction Agreement - Scorecard Exclusions for Affordable Housing) (6253).
Sample 1

Related to Tax Credit Properties

  • Real Property Interests (a) The Owner has provided, or upon execution of this Agreement shall promptly provide to the Developer, documentation acceptable to the Department indicating any right, title or interest in real property claimed by the Owner with respect to the Owner Utilities in their existing location(s). Such claims are subject to the Department’s approval as part of its review of the Utility Assembly as described in Paragraph 2. Claims approved by the Department as to rights or interests are referred to herein as “Existing Interests”.

  • Real Properties The Company does not have an interest in any real property, except for the Leases (as defined below).

  • Tax Credits A Creditor Party which receives for its own account a repayment or credit in respect of tax on account of which the Borrowers have made an increased payment under Clause 23.2 shall pay to the Borrowers a sum equal to the proportion of the repayment or credit which that Creditor Party allocates to the amount due from the Borrowers in respect of which the Borrowers made the increased payment, provided that:

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