Examples of Reservation Notice in a sentence
The Program Administrator will verify the load growth predicted before moving forward with the Confirmed Reservation Notice.
THDA will cancel a Reservation Notice for failure to fully satisfy conditions imposed in connection with the Reservation Notice and for failure to provide satisfactory information or documentation required by the Reservation Notice by the deadlines specified in the Reservation Notice.
Any such return means Housing Credit is not available for the development referenced in the Reservation Notice.
Housing Credit made available through a Reservation Notice may be voluntarily returned.
The amount of Housing Credit allocated to a development at placed in service may be less than, but will not be more than, the amount reserved in the Reservation Notice or the amount allocated in the Carryover Allocation Agreement.
Any Housing Credit recaptured either by cancellation of a Reservation Notice or voluntarily returned will be reserved to the fullest extend practical to other qualified Initial Applications for Housing Credit as provided in this QAP.
The amount of Housing Credit may be less than, but will not be more than, the Housing Credit amount in the Reservation Notice.
When so cancelled, the Housing Credit referred to in the Reservation Notice is not available for the development specified in the Reservation Notice and will be made available to other qualified developments.
Deadlines specified in the Reservation Notice are the dates upon which Housing Credit is deemed recaptured by THDA unless the conditions related to each deadline have been met on or before such deadline or unless an extension has been granted.
In determining the initial amount of Housing Credit to be reflected in the Reservation Notice, THDA will use the costs, incomes, and expenses submitted in the Initial Application, as determined reasonable by THDA.