Credit Authority definition

Credit Authority means any arrangement made by agreement between the Municipality and a Customer for the payment of any arrears in instalments. Such arrangement may take the form of an agreement or an acknowledgment of debt;
Sample 1Sample 2Sample 3
Credit Authority means any arrangement made by written agreement for the payment of any arrears in instalments, concluded between a customer and the Municipality;
Sample 1Sample 2Sample 3
Credit Authority means the dollar amount of low-income housing tax credits available for allocation by OHCS for any calendar year and can include estimates of future amounts.¶
Sample 1

Examples of Credit Authority in a sentence

  • The federal government establishes the State Annual Credit Authority which limits the dollar amount of tax credits that ADOH may allocate to qualifying Projects and detailed eligibility standards and priority uses for available tax credits.

  • The State’s Annual Tax Credit Authority is typically insufficient to fund all Applications.

  • The following guidelines apply equally to projects competing for an allocation of credits under HPD’s Credit Authority and to “as-of-right” credits for tax-exempt bond financed projects.

  • There are two types of Federal LIHTC and State LIHTC available in Missouri, the “9% Credit” and the “4% Credit.”9% CreditFor purposes of this Plan and the Developer’s Guide, the cumulative amount of both Federal and State 9% Credits MHDC can allocate for any calendar year shall be known as the “Annual 9% Credit Authority.” Developments applying for an allocation under the Annual 9% Credit Authority receive what is commonly known as the 9% Credit.

  • The following type of developments shall be designated “Tier 2” developments and shall receive a reservation of credits after all Tier 1 developments: any Tier 1 developments not fully- funded in Tier 1 and all remaining developments ranking above threshold.Credits pre-allocated to developments from the New Construction Pool or At-Large Pool will not change Total Credit Authority in the geographic pools.

  • In this Direct Debit Agreement:Account means the account identified as the direct debit account in the Direct Debit / Credit Authority Form, but only if that account is held with a Financial Institution.

  • There are two types of State LIHTC and Federal LIHTC available in Missouri, the “9% Credit” and the “4% Credit.”9% CreditFor purposes of this Plan and the Developer’s Guide, the cumulative amount of both State and Federal 9% Credits MHDC can allocate for any calendar year shall be known as the “Annual 9% Credit Authority.” Developments applying for an allocation under the Annual 9% Credit Authority receive what is commonly known as the 9% Credit.

  • There are two types of Federal LIHTC available in Missouri, the “9% Credit” and the “4% Credit.”9% CreditFor purposes of this Plan and the Developer’s Guide, the amount of Federal 9% Credits MHDC can allocate for any calendar year shall be known as the “Annual 9% Credit Authority.” Developments applying for an allocation under the Annual 9% Credit Authority receive what is commonly known as the 9% Credit.

  • The State’s Annual Tax Credit Authority is typically insufficient to fund all applications.

  • A Unique Approach to Financing Rural Infrastructure The novel approach adopted to finance the project consists of the private placement of rated local currency notes which benefit from a partial credit enhancement issued by The United States Agency for International Development under its Development Credit Authority (DCA) which ultimately reduces the risk to the project and the private sector investors.


More Definitions of Credit Authority

Credit Authority means authority to incur direct loan obligations or to incur primary loan guarantee commitments.
Sample 1
Credit Authority means any arrangement made by agreement between the Municipality and a customer for the payment of any arrears in instalments. Such arrangement may take the form of an agreement, an acknowledgment of debt, or correspondence provided that it is recorded in writing and signed by an authorised official;
Sample 1

Related to Credit Authority

  • Investment authority means the responsibility conferred by action of law or a provision of an appropriate governing instrument to make, select or change investments, review investment decisions made by others, or to provide investment advice or counsel to others;

  • Letter of Credit Guaranty means one or more guaranties by the Administrative Agent in favor of the L/C Issuer guaranteeing or relating to the Borrowers' obligations to the L/C Issuer under a reimbursement agreement, Letter of Credit Application or other like document in respect of any Letter of Credit.

  • applicant authority means a competent administrative authority which has been designated by a Party for this purpose and which makes a request for assistance on the basis of this Protocol;

  • Contract Authority means the Board of Supervisors or the head of the department or agency presenting the proposed contract to the Board of Supervisors.

  • Host Authority means the local authority appointed by the Parties under these arrangements to lead on a specified matter or function as set out in paragraphs 14 and 19.

  • Facility LC Application is defined in Section 2.19.3.

  • Management Authority means a national management authority designated in accordance with Article IX;

  • Fronted Letter of Credit means a standby Letter of Credit issued by an Issuing Lender having an L/C Fronting Commitment in which each Lender purchases a risk participation pursuant to Section 3.4.

  • Issuing authority means the authorized representative of the department of the City who issued the solicitation.

  • Letter of Credit Application means an application and agreement for the issuance or amendment of a Letter of Credit in the form from time to time in use by the applicable L/C Issuer.

  • Administrative authority means the state or local official responsible for the administration and enforcement of this act.

  • Port Authority means a port authority created under Chapter 4582. of the Revised Code.

  • Evergreen Letter of Credit has the meaning set forth in Section 2.01.

  • Letter of Credit Agreement has the meaning specified in Section 2.03(a).

  • Letter of Credit Agreements means all letter of credit applications and other agreements (including any amendments, modifications or supplements thereto) submitted by the Borrower, or entered into by the Borrower, with any Issuing Bank relating to any Letter of Credit issued by such Issuing Bank.

  • Competent Authority and ‘Appellate Authority’ shall mean the following:

  • Appeal authority means the executive authority of the municipality or any other body or institution outside of the municipality authorised by that municipality to assume the obligations of an appeal authority for purposes of appeals lodged in terms of the Act;

  • Letter of Credit Bank means any Person who has provided a Servicer Letter of Credit pursuant to Section 4.02(b).

  • local authority means the council of a municipality that is a city, town or shire constituted under the Local Government Xxx 0000;

  • Trade Letter of Credit means any Letter of Credit that is issued under the Letter of Credit Facility for the benefit of a supplier of inventory to the Borrower or any of its Subsidiaries to effect payment for such Inventory.

  • Development Authority means the New Jersey Schools

  • enforcement authority means any person or body having jurisdiction to enforce or to take action under or in respect of the relevant legal requirement.

  • Administrative agency or "agency" means each board, bureau, commission,

  • Letter of Credit Accommodations means the letters of credit, merchandise purchase or other guaranties which are from time to time either (a) issued or opened by Lender for the account of Borrower or any Obligor or (b) with respect to which Lender has agreed to indemnify the issuer or guaranteed to the issuer the performance by Borrower of its obligations to such issuer.

  • Letter of Credit Facility means, at any time, an amount equal to the amount of the Issuing Bank's Letter of Credit Commitment at such time, as such amount may be reduced at or prior to such time pursuant to Section 2.05.

  • Facility Letter of Credit means a Letter of Credit issued by an Issuer pursuant to Section 2.15.