Tax Credits; Financing Sample Clauses

Tax Credits; Financing. One University shall be simultaneously closing on
Sample 1Sample 2
AutoNDA by SimpleDocs
Tax Credits; Financing. CHPPENN shall be simultaneously closing on (i) an award from the Virginia Housing and Development Authority (“VHDA”) of [nine percent (9%) / four percent (4%)]5 low-income housing tax credits (the “Tax Credits”) necessary to enable CHPPENN to construct the Affordable Housing Units on the Ground Lease Premises (and all challenge periods related to such award have expired), and (ii) the equity investment and/or loan financing in amounts substantially similar to the amounts set forth in the application to VHDA for the Tax Credits.
Sample 1
Tax Credits; Financing. CHPPENN shall be simultaneously closing on (i) the VHDA Tax Credits (and any and all challenge periods related to such award have expired), and (ii) the equity investment and financing in amounts substantially similar to the amounts set forth in the application to VHDA for the Tax Credits; provided, however, that notwithstanding the foregoing to the contrary, the FCRHA shall have the option, in its sole and absolute discretion, to waive the obligation of CHPPENN to the simultaneous closings referenced in clause (i) and clause
Sample 1
Tax Credits; Financing. One University Family, LLC will be simultaneously closing on (i) the VHDA Tax Credits, which are to be 9% Tax Credits (and any and all challenge periods related to such award have expired), and (ii) the equity investment and financing in amounts substantially similar to the amounts set forth in the application to VHDA for such 9% Tax Credits; provided, however, that notwithstanding the foregoing to the contrary, the FCRHA shall have the option, in its sole and absolute discretion, to waive the obligation of One University and One University Family, LLC to the simultaneous closings referenced in clause (i) and clause (ii) above.
Sample 1
Tax Credits; Financing. One University Family, LLC shall be simultaneously closing on (i) an award from the Virginia Housing and Development Authority (“VHDA”) of nine percent (9%) low-income housing tax credits (the “Tax Credits”) necessary to enable One University Family, LLC to construct the Affordable Housing Family Building on another portion of the Property (and all challenge periods related to such award have expired), and
Sample 1

Related to Tax Credits; Financing

  • 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.

  • Commingling, Exchange and Investment of the Contributions 2.1. The Contributions shall be accounted for as a single trust fund and shall be kept separate and apart from the funds of the Bank. The Contributions may be commingled with other trust fund assets maintained by the Bank.

  • Alternative Risk Financing Programs The County reserves the right to review, and then approve, Contractor use of self-insurance, risk retention groups, risk purchasing groups, pooling arrangements and captive insurance to satisfy the Required Insurance provisions. The County and its Agents shall be designated as an Additional Covered Party under any approved program.

  • Investment of Contributions At the direction of the Designated Beneficiary (or the direction of the Depositor or the Responsible Individual, whichever applies) the Custodian shall invest all contributions to the account and earnings thereon in investments acceptable to the Custodian, which may include marketable securities traded on a recognized exchange or "over the counter" (excluding any securities issued by the Custodian), covered call options, certificates of deposit, and other investments to which the Custodian consents, in such amounts as are specifically selected and specified in orders to the Custodian in such form as may be acceptable to the Custodian, without any duty to diversify and without regard to whether such property is authorized by the laws of any jurisdiction as a custodial account investment. The Custodian shall be responsible for the execution of such orders and for maintaining adequate records thereof. However, if any such orders are not received as required, or, if received, are unclear in the opinion of the Custodian, all or a portion of the contribution may be held uninvested without liability for loss of income or appreciation, and without liability for interest pending receipt of such orders or clarification, or the contribution may be returned. The Custodian may, but need not, establish programs under which cash deposits in excess of a minimum set by it will be periodically and automatically invested in interest-bearing investment funds. The Custodian shall have no duty other than to follow the written investment directions of the Designated Beneficiary (or the Depositor or Responsible Individual), and shall be under no duty to question said instructions and shall not be liable for any investment losses sustained by the Designated Beneficiary.

  • 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:

  • OVERSEAS TRANSACTIONS 13.1 The Cardmember may use the Credit Card outside Malaysia where there are Authorised Merchants and/or Authorised Cash Outlets.

  • Funding Arrangements Minimum amounts/increments for Japan Local Currency Borrowings, repayments and prepayments: Same as Credit Agreement.

  • FINANCIAL CONTRIBUTIONS 10.1 The Financial Contribution of the CCG and the Council to any Pooled Fund or Non-Pooled Fund for the first Financial Year of operation of each Individual Scheme shall be as set out in the relevant Scheme Specification.

  • Asset Sales (a) The Company will not, and will not permit any of its Restricted Subsidiaries to, consummate an Asset Sale unless:

  • 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.

Time is Money Join Law Insider Premium to draft better contracts faster.