Carryover Certification means the date upon which the Investment Limited Partner shall have received, in a form and in substance satisfactory to the Investment Limited Partner, the certification of the Auditors that as of a date no later than December 31, 1996, the Partnership had incurred capitalizable costs with respect to the Apartment Complex of at least ten percent (10%) of the Partnership's reasonably expected basis in the Apartment Complex as of December 31, 1998, so that each building in the Apartment Complex constitutes a "qualified building" for the purposes of Section 42(h)(E)(ii) of the Code.
Carryover Certification means the date upon which the Investment Limited Partner shall have received, in a form and in substance satisfactory to the Investment Limited Partner, the certification of the Auditors that as of a date no later than December 31, 1994, the Partnership had owned land or depreciable property constituting part of the Apartment Complex and had incurred capitalizable costs with respect to the Apartment Complex of at least ten percent (10%) of the Partnership's reasonably expected basis in the Apartment Complex as of December 31, 1996, so that each building in the Apartment Complex constitutes a "qualified building" for the purposes of Section 42(h)(1)(E)(ii) of the Code. Cash Available Debt For Service Requirements for any period means the excess of (i) all cash actually received by the Partnership on a cash basis from normal operations during such period and funds available in Partnership reserves to fund the cash requirements of the Partnership, but shall exclude the proceeds of insurance (other than business or rental interruption insurance), loans, capital transactions or capital contributions over (ii) all cash requirements of the Partnership properly allocable to such period of time on an accrual basis (not including distributions to partners out of Cash Flow of the Partnership or fees payable from Cash Flow) and, on an annualized basis, the pro rata portion of all projected expenditures, including those of a seasonal nature, which might reasonably be expected to be incurred on an unequal basis during a full annual period of operation, but specifically excluding all debt service requirements (including principal payments). For purposes of this definition, "cash requirements of the Partnership" (as the term is used in clause (ii) in the preceding sentence), shall include, to the extent not otherwise covered therein , full funding of all partnership reserves, normal repairs, real estate taxes at fully assessed levels assuming a fully improved property, and necessary capital improvements.
Carryover Certification means the date upon which the Investment Limited Partner shall have received, in a form and in substance satisfactory to the Investment Limited Partner, the certification of the Auditors that as of a date no later than December 31, 1996, the Partnership had owned land or depreciable property constituting part of the Apartment Complex and had incurred capitalizable costs with respect to the Apartment Complex of at least ten percent (10%) of the Partnership's reasonably expected basis in the Apartment Complex as of December 31, 1998, so that each building in the Apartment Complex constitutes a "qualified building" for the purposes of Section 42(h)(E)(ii) of the Code. Cash Available for Debt Service Requirements for any period means the excess of (i) all cash received by the Partnership on a cash basis from normal operations during such period, excluding the proceeds of insurance (other than business or rental interruption insurance), loans, capital transactions or capital contributions over (ii) all cash requirements of the Partnership properly allocable to such period of time on an accrual basis (not including distributions to Partners out of Cash Flow of the Partnership or fees payable from Cash Flow) and, on an annualized basis, all projected expenditures, including those of a seasonal nature, which might reasonably be expected to be incurred on an unequal basis during a full annual period of operations, but specifically during a full annual period of operations, but specifically excluding debt service requirements. For purposes of this definition, (i) cash requirements of the Partnership shall include, to the extent not otherwise covered above, full funding of all Partnership reserves, normal repairs, real estate taxes at fully assessed levels assuming a fully improved property, and necessary capital improvements.
Examples of Carryover Certification in a sentence
The preparer of Partnership’s Carryover Certification, unaware of the Architect’s plans, submitted the Carryover Certification consisting of d buildings.
The Budget Office will also write “POSSIBLE COST OVERRUN” on the Reimbursable Carryover Certification before it is sent to the Finance Office.
Robustness Checks Given our baseline “non‐findings” it seems crucial to carefully check whether vertical effects fail to be revealed due to methodological issues or whether they do not actually exist.
The allotment amount for the remaining quarters will not be entered until the Reimbursable Carryover Certification has been received and approved.
State commissions look to the decisions of this Commission for guidance when they are developing performance measures and standards and when they are considering RAPs or PAPs. If it decides to promulgate national standards and measures, a national remedial action plan8, or both, the FCC must follow existing requirements.
More Definitions of Carryover Certification
Carryover Certification means the date upon which the Investment Partnership shall have received, in a form and in substance satisfactory to the Investment Partnership, the certification of the Accountants that as of a date no later than December 31, 1999, the Partnership shall have incurred capitalizable costs with respect to the Apartment Complex of at least ten percent (10%) of the Partnership's reasonably expected basis in the Apartment Complex as of December 31, 1999, so that each building in the Apartment Complex will constitute a "qualified building" for the purposes of Section 42(h)(1)(E)(ii) of the Code.
Carryover Certification means the date on which the Investment Limited Partners shall have received, in a form and in substance satisfactory to the Investment Limited Partners, the certification of the Auditors that, with respect to the carryover allocation of 1994 Tax Credits, as of a date no later than December 31, 1994, the Partnership had incurred capitalizable costs with respect to the Apartment Complex of at least ten per cent (10%) of the Partnership's reasonably expected basis in the Apartment Complex as of December 31, 1996, so that each building in the Apartment Complex constitutes a "qualified building" for the purposes of Section 42(h)(1)(E)(ii) of the Code. "Cash Available for Debt Service Requirements" for any period of three (3) consecutive calendar months means the excess of (i) all cash actually received by the Partnership on a cash basis from normal operations during such period, but specifically excluding the proceeds of insurance (other than business or rental interruption insurance), loans, Capital Transactions or Capital Contributions over (ii) all cash requirements of the Partnership (excluding debt service on the Dayton Loan) properly allocable to such period of time on an accrual basis (not including distributions to Partners out of Cash Flow of the Partnership or fees payable from Cash Flow including, without limitation, the Asset Management Fee, the Partnership Management Fee and the Incentive Management Fee) and, on an annualized basis, all projected expenditures, including those of a seasonal nature, which might reasonably be expected to be incurred on an unequal basis during a full annual period of operation as determined by the Auditors but specifically excluding Debt Service Requirements. For purposes of this definition, (i) cash requirements of the Partnership shall include to the extent not otherwise covered above, full funding of reserves (including, without limitation, funding of the Replacement Reserve), normal repairs, real estate taxes at fully assessed levels assuming a fully improved property and necessary capital improvements to the extent not covered by funded reserves, provided, however, that for the purposes of calculating a Debt Service Coverage Ratio under Sections 3.2 and 5.1(a) cash requirements of the Partnership shall not include the expenses associated with the Lead Paint Report and the performance of the Lead Paint Procedures and the recommendations of the Phase I Environmental Report dated March 26, 1996, and (ii) if free rent...