Projected Tax Credits definition

Projected Tax Credits means LIHTC in the aggregate amount of $844,800.

Projected Tax Credits means LIHTC in the aggregate amount of $2,541,050.

Projected Tax Credits means LIHTC in the aggregate amount of $1,230,750.

Examples of Projected Tax Credits in a sentence

• If the Projected Tax Credits are not allocated to the Partners during the Tax Credit Period then the Limited Partner's and Special Limited Partner's Capital Contribution shall be reduced by an amount agreed upon by the Partners, in good faith, to provide the Limited Partner and the Special Limited Partner with their anticipated internal rate of return.

• Other than the theory set forth above and rejected by the court, Defendants have made no argument that the calculations of the Projected Tax Credits were faulty in any way.

• Permanent Reduction in LIHTCs. The NEFAC Capital Contribution to the Partnership shall be decreased if: (i) the receipt of the Project Cost Certification, or (ii) the receipt of the Form 8609 for the Project, the maximum Actual Tax Credits are less than the Projected Tax Credits.

• Section 5.10(c) then works from the Projected Tax Credits and subtracts the actual tax credits taken by Plaintiff.

• If the Projected Tax Credits are not allocated to the Investor Member and the Special Member during the Tax Credit Period then the Investor Member's and Special Member's Capital Contribution shall be reduced by an amount agreed upon by the Members, in good faith, to provide the Investor Member and the Special Member with their anticipated internal rate of return.

More Definitions of Projected Tax Credits

Projected Tax Credits means LIHTC in the aggregate amount of $3,701,520.

Projected Tax Credits means LIHTC in the aggregate amount of $4,106,840.

Projected Tax Credits means LIHTC in the aggregate amount of $1,116,384. The Partners recognize and acknowledge that the total amount of Tax Credits allocated to the Partnership equaled $1,144,710. However, prior to the Limited Partner's admittance the Partnership had allocated $28,326 Tax Credits to the former partners leaving a total available Tax Credits of $1,116,384 to be allocated among the General Partner, Limited Partner and Special Limited Partner.

Projected Tax Credits means LIHTC in the aggregate amount of $2,239,400 and Georgia Credits in the aggregate amount of $2,239,400.

Projected Tax Credits means LIHTC in the aggregate amount of $1,554,760. Section 1.63 "Qualified Tenants" shall mean any tenants who have incomes of 60% or less of the area median gross income, as adjusted for family size, so as to make the Project eligible for LIHTC.

Projected Tax Credits means LIHTC in the amount of $84,563 for 1998, $112,750 per year for each of the years 1999 through 2007, and $28,187 for 2008, which the General Partner has projected to be the total amount of LIHTC which will be allocated to the Limited Partner by the Partnership, constituting ninety-nine percent (99%) of the aggregate amount of LIHTC of $1,127,500 to be available to the Partnership; provided, however, that if the Actual Tax Credit for 1996 is greater (or less than) $84,563, the Projected Tax Credit for the year 2008 shall be reduced (increased) by an amount equal to the amount by which the Actual Credit for 1998 exceeds (is less than) $84,563.

Projected Tax Credits means LIHTC in the aggregate amount of $469,330.