Binding Commitment definition

Binding Commitment means, with respect to a Housing Credit Development, an agreement between the Corporation and an Applicant by which the Corporation allocates and the Applicant accepts Housing Credits from a later year’s Allocation Authority in accordance with Section 42(h)(1)(C) of the IRC.

Binding Commitment means an agreement between MFA and an Applicant by which MFA allocates and the Applicant accepts Tax Credits in accordance with Section 42(h)(1)(C) of the Code. MFA’s Carryover Allocation is its Binding Commitment.

Binding Commitment means a legal obligation by the state to an assistance recipient that defines the terms and the timing for assistance under this chapter.

Examples of Binding Commitment in a sentence

• The Division has defined the Binding Commitment date as the date the Bond Purchase Agreement (BPA) is signed by all parties.

• Any advance allocation will require the Applicant to execute a Binding Commitment, as drafted by MFA and agree to the dates and timeframes required in this QAP.

• Projects will be financed subject to the availability of funds, readiness to proceed, and the ability of the Participant to comply with the conditions set forth in the State’s Binding Commitment with the Participant and CWSRF Loan Program requirements.

• Issuance of a Future-Year Binding Commitment does not change this requirement.

• The Applicable Credit Percentage may be locked in at the Developer’s option, at 1) the month in which the building is Placed In Service or 2) the month in which a Binding Commitment (Carryover Allocation) is made for an allocation or, in the case of Tax Exempt Bond Financed Projects, the month the tax-exempt obligations are issued.

More Definitions of Binding Commitment

Binding Commitment means, with respect to a Housing Credit Development, an agreement between

Binding Commitment. Means, in respect of any Investment:

Binding Commitment means a firm, legally-binding commitment pursuant to which AA or any of its Affiliates has placed a firm order for fifty (50) Aircraft, or any combination of such commitments that results in an order, without duplication, for fifty (50) Aircraft, in each case pursuant to the terms and conditions of the Aircraft Purchase Agreement;

Binding Commitment means a firm, legally-binding commitment pursuant to which Avolon or any of its Affiliates has placed a firm order for Aircraft;

Binding Commitment as defined by OWRB 785:50 means “legal obligations by the State to the local recipient that define the terms and the timing for assistance under the Clean Water SRF.”

Binding Commitment has the meaning set forth in the Statement of Work.

Binding Commitment means a binding commitment to transfer (for Tax (as defined in the CoyCo Transaction Agreement) purposes) any of the Common Shares or other stock in the Company (for U.S. federal income tax purposes) that the Partnership received in connection with the Transactions (as defined in the CoyCo Transaction Agreement) (or any stock (for U.S. federal income tax purposes) that such Common Shares or other stock is converted into by means of a recapitalization or similar transaction).