Applicable Credit definition

Applicable Credit means the meaning established in 2 CFR 200.406(a).

Applicable Credit. Rating: For any long-term deposit or security, a credit rating of "AAA" in the case of S&P or "Aaa" in the case of Moody's (or with respect to investments in money market funds, a credit rating of "AAAm" or "AAAm-G" in the case of S&P and the highest rating given by Moody's for money market funds in the case of Moody's). For any short-term deposit or security, or a rating of "A-l+" in the case of S&P or "Prime-1" in the case of Moody's.

Applicable Credit means the meaning established in 2 CFR Part 225, Appendix A, Section C(4), and 2 CFR Part 230, Appendix A, Section A(5), respectively.

Examples of Applicable Credit in a sentence

• Use of these financing sources may require reductions in eligible basis or reductions in a Project’s maximum Applicable Credit Percentage.

• The maximum Applicable Credit Percentage for acquisition of an existing building that will be subsequently rehabilitated is 4%.

• Listed below are types of projects, which could be considered eligible for the tax credits and the Applicable Credit Percentage for each project type.

• Use of these financing sources may require reductions in eligible basis or reductions in a Project’s maximum Applicable Credit Percentage (see I.R.C. §§ 42(d)(5)(A) and 42(i)).

• To estimate the amount of tax credit allocation for a Project at Initial Application or at Carryover, MFA will use the Applicable Credit Percentage of the Qualified Basis, as adjusted by MFA, or the amount needed to fill the financing gap.

More Definitions of Applicable Credit

Applicable Credit. Rating: For any long-term deposit or security, a credit rating of AAA in the case of S&P or Aaa in the case of Moody's (or with respect to investments in money market funds, a credit rating of "AAAm" or "AAAm-G" in the case of S&P and the highest rating given by Moody's for money market funds in the case of Moody's). For any short-term deposit or security, or a rating of A-l+ in the case of S&P or Prime-1 in the case of Moody's. Applicable State Law: For purposes of Section 9.12(d), the Applicable State Law shall be (a) the law of the State of New York and (b) such other state law whose applicability shall have been brought to the attention of the Securities Administrator and the Trustee by either (i) an Opinion of Counsel reasonably acceptable to the Securities Administrator and the Trustee delivered to it by the Master Servicer or the Depositor, or (ii) written notice from the appropriate taxing authority as to the applicability of such state law.

Applicable Credit. Rating: For any long-term deposit or security, a credit rating of "AAA" in the case of S&P or "Aaa" in the case of Xxxxx'x (or with respect to investments in money market funds, a credit rating of "AAAm" or "AAAm-G" in the case of S&P and the highest rating given by Xxxxx'x for money market funds in the case of Xxxxx'x). For any short-term deposit or security, or a rating of "A-l+" in the case of S&P or "Prime-1" in the case of Xxxxx'x.

Applicable Credit has the meaning specified in Section 2.06(d)(iv).

Applicable Credit means the meaning established in OMB Circulars A-87, C (4), and A-122, Attachment A, A (5), respectively.

Applicable Credit. Rating" contained in Schedule I to the Credit Agreement is hereby amended by deleting the text "BBB-/Baa3" appearing therein and inserting the text "BB+/Ba1" in lieu thereof.

Applicable Credit means the meaning established in 2 CFR Part 225, Appendix A, Section

Applicable Credit means one or more of the Credits as the context requires;