Income Units definition

Income Units means Units (of whatever Class) in the Trust as may be in issue from time to time in respect of which income allocated thereto is distributed periodically to the holders pursuant to the FCA Rules.

Examples of Income Units in a sentence

  • Low Income Units Is this a resyndication project using hold harmless rent limits in the above table?These rents cannot exceed the federal set-aside current tax credit rent limits.See TCAC Regulation Section 10327(g)(8).

  • The “Qualified Basis” is that portion of the Eligible Basis attributable to Low Income Units.

  • It is calculated as the smaller of the percentage of Low Income Units in the building or the percentage of floor space devoted to Low Income Units in a building.

  • It is calculated as the smaller of the percentage of Low Income Units in the building, or the percentage of floor space devoted to Low Income Units in a building.

  • Second, to Applicants who have Project Based Rental Assistance in descending order from the greatest percentage of Units with Project Based Rental Assistance to the lowest percentage of Units with Project Based Rental Assistance, as compared to the total number of Low Income Units in the Project (i.e., not including employee Units or market rate Units).

  • For example, 50% of Low- Income Units at 50% of Area Median Income for 25 points may be combined with another 50% of Low-Income Units at 45% of Area Median Income to achieve the maximum points.

  • All non-SRO Low- Income Units shall provide a stove, and all SRO Low-Income Units shall include a cooking facility.

  • In addition, the rental payments paid by Low Income Tenants for the Low Income Units shall not exceed Affordable Rents.

  • For instance, 50% of Low-Income Units at 50% of Area Median Income (AMI) cannot be used twice for 100% at 50% and receive 50 points, nor can 50% of Low- Income Units at 50% of Area Median Income for 25 points and 40% of Low-IncomeUnits at 50% of Area Median Income be used for an additional 20 points.

  • The Management Company may offer Growth and/or Income Units to investors at the time of account opening.

Related to Income Units

  • Core Units means such Units of the Trust that are issued to Core Investors with the condition that these are not redeemable for a period of two years from the close of the First Offer Period. Such Units are transferable with this condition, but otherwise shall rank pari passu with all other Units, save for this restriction. Any transfer of the Core Units, during the first two years of their issue as mentioned herein, shall be affected only on the receipt by the Registrar of a written acceptance of this condition by the transferee.

  • LTIP Units means LTIP Units, as such term is defined in the Partnership Agreement.

  • Class B Units means the Class B Units of the Company.

  • Restricted Units has the meaning set forth in the recitals to this Award Agreement.

  • Vested LTIP Units has the meaning provided in Section 4.4(d) hereof.

  • Vested Units means those Units listed as vested Units in the books and records of the Partnership, as the same may be amended from time to time in accordance with this Agreement.

  • Unvested Units means those Units listed as unvested Units in the books and records of the Partnership, as the same may be amended from time to time in accordance with this Agreement.

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

  • Incentive Units means those Partnership Interests described in Section 2 of the Incentive Unit Agreement.

  • Share Units means the hypothetical Shares that are credited to the Share Unit Accounts in accordance with Section 5.3.

  • Units means the units of the Company, each comprised of one share of Common Stock and one-half of one Warrant.

  • Unvested LTIP Units has the meaning provided in Section 4.4(d) hereof.

  • Class D Units has the meaning ascribed to such term in the LLC Agreement.

  • Class A LP Units means the Class A limited partnership units of the Partnership.

  • Class B Common Units has the meaning set forth in Section 1(a) hereof.

  • Deferred Shares means an award made pursuant to Section 7 of this Plan of the right to receive Common Shares at the end of a specified Deferral Period.

  • Class C Units The term "Class C Units" shall have the meaning set forth in the preface.

  • Stock Units means investment units under the Deferred Delivery Plan, each of which is deemed to be equivalent to one share of Stock.

  • Restricted Share Units means an Award which may be earned in whole or in part upon the passage of time or the attainment of performance criteria established by the Administrator and which may be settled for cash, Shares or other securities or a combination of cash, Shares or other securities as established by the Administrator.

  • Performance Units means an Award which may be earned in whole or in part upon attainment of performance criteria established by the Administrator and which may be settled for cash, Shares or other securities or a combination of cash, Shares or other securities as established by the Administrator.

  • OP Units means units of limited partnership interest in the Operating Partnership.

  • Partnership Units or “Units” has the meaning provided in the Partnership Agreement.

  • Class A Common Units means a Common Unit which is designated as a “Class A Common Unit” and which has the rights, preferences and other privileges designated in Annex A hereto and elsewhere in this Agreement in respect of holders of Common Units.

  • DSUs means the outstanding deferred share units issued under the DSU Plan.

  • Class A Units means the Units of partnership interest in the Partnership designated as the “Class A Units” herein and having the rights pertaining thereto as are set forth in this Agreement.

  • Performance Share Units means Performance Share Units granted to an Eligible Individual under Section 9.1(b).