Projected Credits definition

Projected Credits means (a) for the entire Credit Period, $14,549,130.00 and (b) for each full year during the Credit Period, $1,454,913.00; provided that for any partial year during the Credit Period, Projected Credits shall be adjusted appropriately.

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Projected Credits means Energy Credits as determined to be available to the Company, although subject to recapture, based upon the Cost Certification and the Code, as applicable, as in effect upon the date the Project or any portion thereof achieves Placement In Service.

Projected Credits means the Projected Federal Credits.

Examples of Projected Credits in a sentence

To the extent an indemnifiable Loss under this paragraph consists of the loss of Projected Credits or Recapture, Seller shall indemnify Purchaser for the loss of Projected Credits and Recapture at the rate of $1.20 for each dollar of Projected Credits lost or Tax Credits Recaptured plus any interest or penalties.
The Management Agreement as in effect from and after the Closing provides that the Management Agent shall certify annually that all aspects of the Apartment Complex, and each of the tenants occupying a Tax Credit Apartment Unit is in compliance with all regulations and requirements required to qualify the Partnership to receive the full amount of the Projected Credits, or the Revised Projected Credits, as applicable.
If the Projected Credits are less than the "LIH Target Amount" shown on Exhibit A-2, the Limited Partner's Capital Contribution (including Capital Contributions already paid to the Partnership) shall be reduced by an amount equal to [$0.90] for every dollar by which the Projected Credits are less than the LIH Target Amount.
As of the date of Cost Certification, the Accountants shall prepare projections of the Credits available and allocable to the Limited Partner (the "Projected Credits") for the Project based upon the Accountant's calculation of the eligible basis and qualified basis of the Project and the credit percentage applicable to the Project.
Any indemnity under this Section 6.6 shall be paid from, and only to the extent of, Company assets other than Reserves and Tax Audit Reserves, shall not be paid unless the Investor Member has received the Projected Credits (or the proceeds of any required Mandatory Loans, Credit Recovery Loans or IRFA payments).
If, between the date hereof and the Closing, there is a Transfer of any non-Controlled Asset (other than a Transferred Loan), the Minimum Credit shall be $1.20 for every dollar of Projected Credits that will be lost as a result of the Transfer of such non-Controlled Asset.

More Definitions of Projected Credits

Projected Credits means the Tax Credits which, as of the date hereof, to the Actual Knowledge of Seller, are expected to be generated by each Direct Operating Partnership or Fund beginning in (and including) January 2016.

Projected Credits means Historic Tax Credits in the amount of $181,476 in 2018 with respect to the Building, which the Investor Member has projected (and which have been reviewed and accepted by the Managing Member) to be the total amount of Historic Tax Credits available to the Investor Member.

Projected Credits means Housing Tax Credits described in the Schedule, which the General Partners has projected to be the total amount of the Housing Tax Credits which will be allocated to the Investor Limited Partners by the Partnership, constituting 99.9% of the Housing Tax Credits which are projected to be available to the Partnership. The Projected Credits as of the date hereof are allocated to the following Fiscal Years in the following respective amounts (subject to adjustment if the Projected Credits are revised pursuant to Section 3.8B): 1999: $33,230 2000: $124,750 2001 through 2008: $129,330 per year 2009: $100,680