Credit Period definition

Credit Period means with respect to any building that is included in a Tax Credit Project, the period of 10 years beginning with (i) the taxable year in which the building is Placed In Service, or (ii) at the election of the Developer, the succeeding taxable year.

Credit Period has the meaning given to it in Section 42(f)(1) of the Code.

Credit Period means with respect to any building in a Project, the period of ten taxable years beginning with the taxable year in which such building is Placed In Service or, at the election of the Owner, the following taxable year.

Examples of Credit Period in a sentence

• In the event BayernLB, LBBW or WestLB delivers an Early Termination Notice, the Revolving Credit Period shall terminate as of the close of business on the Anniversary Date to which such Early Termination Notice relates (each such date referred to herein as a “BayernLB/LBBW/WLB Early Termination Date”).

• The term of this Agreement shall be until the later of (a) the last day of the Revolving Credit Period and (b) the payment in full of the principal of and interest on all Loans and Term Loans and all other amounts due hereunder.

• In the event that State Street fails to so deliver a Renewal Notice, in its sole and absolute discretion, with respect to any Anniversary Date within the period specified above, the Revolving Credit Period shall terminate effective as of the close of business on such Anniversary Date (each such date referred to herein as a “State Street Non Renewal Date”).

• In response to such request and not less than 120 days prior to such Anniversary Date (or such other date as agreed to pursuant to this sentence), State Street may deliver to DART, the Administrative Agent and each Lender a Renewal Notice expressing its election to extend the Revolving Credit Period for an additional three year period (or for such other period of time agreed to by the parties hereto).

• Not less than 120 days prior to each of the third, sixth and ninth anniversary of January 21, 2005 (each, an “Anniversary Date”), either BayernLB, LBBW or WestLB may, in its sole and absolute discretion, terminate the Revolving Credit Period by delivering written notice (an “Early Termination Notice”) in the form of Exhibit I to DART, the Administrative Agent and each of the other Lenders.

More Definitions of Credit Period

Credit Period means the period described in Section 42(f)(1) of the Code.

Credit Period has the meaning set forth in Section 3.6.

Credit Period means, with respect to the State Tax Credit, the period of four taxable years beginning with the taxable year the Project is placed in service or (at the election of the Owner) the succeeding taxable year, and with respect to the Federal Tax Credit, the period of ten taxable years beginning with the taxable year the Project is placed in service or (at the election of the Owner) the succeeding taxable year, as further provided pursuant to Section 2b hereof.

Credit Period means the ten (10) year period over which the Credit may be claimed for a Building. The Credit Period begins when the Building is Placed-In-Service, for Credit purposes, or if the Owner makes an election under Section 42(f)(1)(B) of the Code, the next year; but only if the Building is a qualified low-income Building within the meaning of Code Section 42(c)(2), by the end of the first year of that period. For an existing Building with Rehabilitation Expenditures, the Credit Period shall not begin before the year that the rehabilitation Credit is allowed under Code Section 42(f)(5).

Credit Period means the period of seven (7) days from the date of our invoice for our fees and/or expenses;

Credit Period means the "credit period" as defined in Section 42(f)(1), Internal Revenue Code.

Credit Period means the period of 6 taxable years begin- ning with the taxable year in which a qualified development is placed in service. For purposes of this paragraph, if a qualified development consists of more than one building, the qualified development is placed in service in the taxable year in which the last building of the qualified development is placed in service.