Projected Credit definition

Projected Credit means $258,913 for 1996, $455,034 per annum for each of the years 1997 through 2005 and $147,601 for 2006; provided, however, that the Projected Credit for 2006 shall be reduced by the amount, if any, by which the Actual Credit for 1996 exceeds $258,913; and provided further that upon the occurrence of any of the events described in Section 5.1(f), the Projected Credit shall thereafter be the Revised Projected Credit.

Projected Credit means Low-Income Housing Tax Credits in the amount of $149,585.00 for 1997, $285,649.00 per year for each of the years 1998 through 2006, and $136,061.00 for 2007, which the General Partner has projected to be the total amount of the Tax Credits which will be allocated to the Investment Partnership by the Partnership, constituting ninety-nine percent (99%) of the Tax Credits which are projected to be available to the Partnership; provided, however, that if the Actual Credit for 1997 is greater than (or less than) $149,588.00 the Projected Credit for the year 2007 shall be reduced (increased) by an amount equal to the amount by which the Actual Credit for 1997 exceeds (or is less than) $149,588.00.

Projected Credit means Low-Income Housing Tax Credits in the amount of $47,994 per year for each of the years 1999 through 2008, constituting ninety-nine and ninety-nine one hundredths percent (99.99%) of the Tax Credits which the General Partner has projected to be available to the Partnership.

Examples of Projected Credit in a sentence

• Gratuity, Leave Salary and Superannuation benefit form part of defined benefit plan schemes existing in the company.The above benefits are accounted for on the basis of accrual of liability towards obligation on account of past/present service cost, interest and actuarial adjustment net of return on fund invested to cover the obligation in planned assets and actuarial gain/loss thereon in terms of calculation made by actuary under Unit Projected Credit Method.

• Independent actuaries calculate the defined benefit obligation annually using the Projected Credit Unit Method.

• The Operating General Partners agree to take all actions necessary to claim the Projected Credit, including, without limitation, the filing of Form(s) 8609 with the Internal Revenue Service.

• The present value of the defined benefit obligation, and the related current service cost and past service cost were measured using the Projected Credit Unit Method.

• In the event that there is a reduction in Capital Contributions equal to the Adjustment Amount, then the amount of the Projected Credit shall be proportionately reduced to reflect the Allocation Differential, and thereafter shall be referred to as the "Revised Projected Credit".

More Definitions of Projected Credit

Projected Credit means $147,869 per annum for each of the Fiscal Years 1997 through 2006 (inclusive), provided, however, that upon the occurrence of any of the events described in Section 5.1(e), the Projected Credit shall thereafter be the Revised Projected Credit.

Projected Credit means for any given year the amount of Tax Credit set forth on Exhibit A hereto.

Projected Credit to the Investment Limited Partner means $34,673 for 1996; $55,414 per annum for the years 1997 through 2005 (inclusive); and $20,741 for 2006; provided, how ever, that the Projected Credit for 2006 shall be reduced by the amount, if any, by which the Actual Credit for 1996 exceeds $34,673."

Projected Credit means $9,372,739, the aggregate amount of Historic Tax Credit projected to be allocated to the Investor Member, as reflected in the Projections.

Projected Credit means the amount of Tax Credit projected to be allocated to the Investment Limited Partner in each year of the Credit Period, i.e.: $31,144 for 1996 $61,189 per annum for each of the years 1997 through 2005 (inclusive) and $28,045 for 2006; provided, however, that the Projected Credit for 2006 shall be reduced by the amount, if any, by which the Actual Credit for 1996 exceeds $31,144. Prospectus means the prospectus contained in the registration statement [(File No. 33-30145)] filed with the Securities and Exchange Commission on behalf of the Investment Limited Partner for the registration of beneficial assignee certificates and/or limited partnership interests under the Securities Act of 1933, in the final form in which said prospectus is filed with said Commission and as thereafter amended and/or supplemented from time to time pursuant to Rule 424 under said Act, or otherwise.

Projected Credit means $125,779 for 1996, $535,008 for 1997, $539,051 per annum for each of the years 1998 through 2005 (inclusive), $413,272 for 2006, and $4,043 for 2007; provided, however, that the Projected Credit for 2006 shall be reduced by the amount, if any, by which the Actual Credit for 1996 exceeds $125,779 and provided further that upon the occurrence of any of the events described in clauses (i) and (ii) of Section 5.1(g), the Projected Credit shall thereafter be the Revised Projected Credit. The Projected Credit shall be shared 67% by the Class A Limited Partner and 33% by the Class B Limited Partner as follows: 1996, $84,272 to the Class A Limited Partner and $41,507 to the Class B Limited Partner; 1997, $358,455 to the Class A Limited Partner and $176,553 to the Class B Limited Partner; 1998 through 2005 inclusive, $361,164 to the Class A Limited Partner and $177,887 to the Class B Limited Partner; 2006, $276,892 to the Class A Limited Partner and $136,380 to the Class B Limited Partner; and 2007, $2,709 to the Class A Limited Partner and $1,334 to the Class B Limited Partner.

Projected Credit means the Class A Limited Partner's Projected Credit and the Class B Limited Partner's Projected Credit.