Financial Beneficiary definition

Financial Beneficiary means any Principal of the Developer or Applicant entity who receives or will receive any direct or indirect financial benefit from a Development, except as further described in Rule 67-21.0025, F.A.C.

Financial Beneficiary means a Person who is to receive a financial benefit of: a) 3% or more of total estimated Project cost if the total estimated Project cost is $5 million or less; and b) 3% of the first $5 million and 1% of any costs over $5 million if total estimated project cost is greater than $5 million. This definition does not include the Owner of the Tax Credit Project unless the Owner is also the Developer or the Builder and meets the above financial requirements.

Financial Beneficiary means any Developer and its principals or the principals of the Applicant entity who receives or will receive a financial benefit of:

Examples of Financial Beneficiary in a sentence

• Financial Beneficiary Disclosure for the proposed development:On the chart below list the names of all persons or entities that are financial beneficiaries as defined by Rule 67-48.002, F.A.C. in the proposed development excluding limited partner investors through housing credit syndication, third-party lenders, and third-party management agents for each application submitted.

• Financial Beneficiary Disclosure for the proposed development to be uploaded attached and clearly labeled:On the chart below list the names of all persons or entities that are financial beneficiaries as defined by Rule 67- 48.002, F.A.C. in the proposed development excluding limited partner investors through housing credit syndication, third-party lenders, and third-party management agents for each application submitted.

• Financial Beneficiary Disclosure for the proposed development to be included behind Tab 11: On the chart below list the names of all persons or entities that are financial beneficiaries as defined by Rule 67-48.002, F.A.C. in the proposed development excluding limited partner investors through housing credit syndication, third-party lenders, and third-party management agents for each application submitted.

• I certify that neither the Developer, Applicant, any Principal or Financial Beneficiary has any existing Developments participating in Corporation programs that remain in non-compliance with the IRC, applicable rule chapter, or applicable loan documents and for which any applicable cure period granted for correcting such non- compliance has ended.

• The Contact Person shall be notified by e-mail of items identified by the Corporation to be addressed by the Applicant, which may include financial obligations for which an Applicant or Developer or Principal, Affiliate or Financial Beneficiary of an Applicant or a Developer is in arrears to the Corporation or any agent or assignee of the Corporation.

More Definitions of Financial Beneficiary

Financial Beneficiary means any Principal of the Developer or Applicant entity who receives or will

Financial Beneficiary means any Developer and its Principals or Principals of the Applicant entity who receives or will receive a financial benefit as outlined in paragraphs (a) and (b) below and as further described in this rule chapter:

Financial Beneficiary means any Member and its Principals who receives or will receive a financial benefit of 3% or more of the total development cost of the Unit.

Financial Beneficiary means any Principal of the Developer or Applicant entity who receives or will receive any direct or indirect financial benefit from a Development.

Financial Beneficiary means one who is to receive a financial benefit of:

Financial Beneficiary means any Developer and its Principals or the Principals of the Developer or Applicant entity who receives or will receive any direct or indirect financial benefit from a Development.

Financial Beneficiary means any Developer and its principals and principals of the Applicant entity who are to receive a financial benefit of: