Syndication Expenses definition

Syndication Expenses means all expenditures classified as syndication expenses pursuant to Treasury Regulation Section 1.709-2(b). Syndication Expenses shall be taken into account under this Agreement at the time they would be taken into account under the Partnership's method of accounting if they were deductible expenses.

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Syndication Expenses means all expenditures classified as syndication expenses pursuant to Section 1.709-2(b) of the Regulations.

Syndication Expenses or “Offering Expenses”: Expenses paid or incurred in connection with the issuing and marketing of Interests in the Company, including brokerage fees, finder fees, selling commissions, state (“Blue Sky”) filing fees, legal fees of the Issuer for consultations relating to the requirements of the applicable federal, state and foreign securities laws and for tax advice pertaining to the adequacy of tax disclosures in the Offering Circular, accounting fees, if any, for preparation of financial projections to be included in the Offering materials and printing/binding costs of such Offering materials. Unlike other expenses, Syndication Expenses may not be deducted currently or Amortized over a period of time (in contrast to Organizational Expenses).

Examples of Syndication Expenses in a sentence

In the event the Board shall determine that such result is not likely to be achieved through future allocations of Syndication Expenses, the Board may allocate other items of income, gain, deduction, or loss so as to achieve the same effect on the Capital Accounts of the Unit Holders.
Syndication Expenses for any Fiscal Year shall be specially allocated to the Unit Holders in proportion to their Units, provided that, if Units are issued pursuant to Section 2.3 hereof during the Fiscal Year, all Syndication Expenses shall be divided among the Unit Holders from time to time so that, to the extent possible, the cumulative Syndication Expenses allocated with respect to each Unit at any time is the same amount.
In the event the General Partners shall determine that such result is not likely to be achieved through future allocations of Syndication Expenses, the General Partners may allocate a portion of Net Income or Losses so as to achieve the same effect on the Capital Accounts of the Unit Holders, notwithstanding any other provision of this Agreement.
Syndication Expenses for any Fiscal Year or other period shall be allocated to the Members in proportion to their Percentage Interests, provided that if additional Members are admitted to the Company on different dates, all Syndication Expenses shall be divided among those who are Members from time to time so that, to the extent possible the cumulative Syndication Expenses are allocated in proportion to the Percentage Interests from time to time.
If the Managing Board determines that such result is not likely to be achieved through future allocations of Syndication Expenses, the Managing Board may allocate a portion of Profits or Losses so as to achieve the same effect on the Capital Accounts of the Members, notwithstanding any other provision of this Agreement.

More Definitions of Syndication Expenses

Syndication Expenses means all expenditures classified as syndication expenses pursuant to Section 1.709-2(b) of the Regulations in connection with the Offering. Syndication Expenses shall be taken into account under this Agreement at the time they would be taken into account under the Partnership's method of accounting if they were deductible expenses.

Syndication Expenses means expenses incurred in connection with the offering of the interests in the Company, including the advisory fee payable to Wachovia Securities, but excluding the respective attorneys' fees of the Members.

Syndication Expenses means all expenditures classified as syndication -------------------- expenses pursuant to Treasury Regulation Section 1.709-2(b). Syndication Expenses shall be taken into account in determining and maintaining Capital Accounts pursuant to Section 3.06A of this Agreement at the time they would be taken into account under the Partnership's method of accounting if they were deductible expenses.

Syndication Expenses means all expenditures classified as syndication expenses pursuant to Treasury Regulations Section 1.709-2(b), including, but not limited to, Organizational and Offering Expenses. Syndication Expenses shall be taken into account under this Agreement at the time they would be taken into account under the Partnership’s method of accounting if they were deductible expenses.

Syndication Expenses means all expenditures classified as syndication expenses pursuant to Treasury Regulation Section 1.709-2(B). Syndication Expenses shall be taken into account in determining and maintaining Capital Accounts pursuant to Section 11.12 of this Agreement at the time they would be taken into account under the Partnership's method of accounting if they were deductible expenses. "Taxable Income" and "Tax Losses" means the Partnership's taxable income or tax losses, respectively, for each fiscal year (or part thereof) as determined for federal income tax purposes, including, where the context requires, all items of income, gain, loss, deduction and credit which enter into the computation thereof. "Tax Credit" means the Low-Income Housing Tax Credit. "Tax Credit Set Aside" means the date upon which the Partnership received a reservation, effective for 1995, subject to a the Carryover Allocation of Tax Credits meeting the requirements of Section 42(h)(1)(E) of the Code and Treasury Regulations for an allocation of Tax Credit for the building(s) constituting the Apartment Complex in an annual dollar amount of not less than $594,940.00, which reservation shall not have expired or been revoked prior to the date on which the First Installment is paid. The Tax Credit Set Aside for the Partnership was issued by the Agency through a Preliminary Reservation Letter to the Partnership dated June 26, 1995, and subsequently superseded by the Carryover Allocation. "Total Operating Revenue" means gross residential rental revenue less vacancy plus other income. "75% Construction Completion" means the date upon which the Partnership has received either (i) all necessary certificates of substantial completion or certificates of occupancy from the applicable governmental jurisdiction(s) or authority(ies) relating to 75% of the SRO units in the Apartment Complex, or (ii) receipt of a certification from the inspecting architect in form and substance acceptable to Boston Capital, with respect to satisfactory completion of seventy-five percent (75%) of the overall construction of the Apartment Complex, provided, however, that 75% Construction Completion shall not be deemed to have occurred if on such date any liens or other encumbrances as to title to the Land and the Apartment Complex exist, other than those securing the Loans and/or those Consented to by the Investment Partnership.

Syndication Expenses. Expenses paid or incurred in connection with the issuing and marketing of interests in the LLC, including brokerage fees, selling commissions, state ("Blue Sky") filing fees, legal fees of the Issuer for consultations relating to the requirements of the applicable federal and state securities laws and for tax advice pertaining to the adequacy of tax disclosures in the Prospectus, accounting fees, if any, for preparation of financial projections to be included in the Offering materials and printing/binding costs of such Offering materials. Unlike other expenses, Syndication Expenses may not be deducted currently or amortized over a period of time (in contrast to Organizational Expenses).