Qualified Project Period definition

Qualified Project Period means Qualified Project Period as defined in Section 142(d) of the Internal Revenue Code.

Qualified Project Period means the period beginning on the first day on which at least 10% of the units in the Project are first occupied, and ending on the later of the following:

Qualified Project Period means the period beginning on the Closing Date and ending on the later of the following:

Examples of Qualified Project Period in a sentence

• During the Qualified Project Period (as such term is defined in the Tax Regulatory Agreement), in consideration for and as required by the reservation granted under Chapter 1372 of the Texas Government Code, as amended, the Borrower hereby represents, covenants and agrees that forty percent (40%) of the units in the Project shall be reserved for families and individuals earning not more than sixty percent (60%) of the Median Family Income.

• The amount of such fee to be paid by the Borrower to the Trustee will be in an amount mutually agreed upon by the Borrower and the Trustee at the time of the discharge of the Indenture per year through the end of the Qualified Project Period.

• The Borrower agrees that the provisions of this Section 5.11 shall remain in full force and effect for the Qualified Project Period (as defined in the Tax Regulatory Agreement.

More Definitions of Qualified Project Period

Qualified Project Period means a period beginning on the Occupancy Date and ending on the date which is the Required Number of Years after the Occupancy Date as set forth on the Summary Page.

Qualified Project Period means the same as defined in 26 U.S.C. section 142(d)(2)(A) and regulations promulgated thereunder, except that the minimum term shall be 30 years consistent with Section 5192.

Qualified Project Period means Qualified Project Period as defined in Section 142(d) of the IRC.

Qualified Project Period. The period beginning on the later of (i) the date of issuance of the Bonds or (ii) the first date on which at least 10% of all of the Spaces in the Project are first occupied and ending on the latest of (w) the date which is 15 years after the later of the date of issuance of the Bonds or the date on which at least 50% of the Spaces in the Project are first occupied, (x) the first day on which no tax-exempt private activity bond issued with respect to the Project is outstanding, (y) the date on which any assistance provided with respect to the Project under Section 8 of the United States Housing Act of 1937 terminates, or (z) the date which is 30 years after the date of issuance of the Bonds; provided such period is subject to extension in accordance with Section 5(i) hereof.

Qualified Project Period means the period beginning on the first day on which 10% of the dwelling units in the Project are first occupied and ending on the latest of (a) the date which is 15 years after the date on which 50% of the dwelling units in the Project are first occupied, (b) the first date on which no Tax-exempt private activity bond (as that phrase is used in Section 142(d)(2) of the Code) issued with respect to the Project is outstanding or (c) the date on which any assistance provided with respect to the Project under Section 8 of the Housing Act terminates. The CDLAC Conditions apply for a period which, in some cases, exceeds the Qualified Project Period.

Qualified Project Period means the period of time, as provided in the Code, that a Development financed with Tax-exempt Bonds must comply with the Lower Income Tenant Set-Aside.

Qualified Project Period has the meaning given to such term in the Regulatory Agreement.