Tax Credit Equity Investor definition

Tax Credit Equity Investor means a Person who will be a limited partner and will contribute equity to Owner in consideration of the Low Income Housing Tax Credits.
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Tax Credit Equity Investor means any Person who will be an investor member in Developer’s limited liability company or investor limited partner in Developer’s partnership, as the case may be, and who will purchase the Low Income Housing Tax
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Tax Credit Equity Investor means the Person who purchases the Low Income Housing Tax Credit(s) if tax credit equity financing is used for the Project.
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Examples of Tax Credit Equity Investor in a sentence

  • If the limited partnership agreement, operating agreement, or development services agreement has not been finalized, then ADOH will accept a provisional agreement with a warranty that the requisite authority will be made a part of any such agreement at the time of closing with the Tax Credit Equity Investor and the construction lender.

  • Whenever the Agency shall deliver any notice or demand to Owner with respect to any breach or default by Owner in completion of construction of the Leasehold Improvements, the Agency shall at the same time deliver to each Mortgagee of record and the Tax Credit Equity Investor a copy of such notice or demand.

  • Upon the reasonable request of the Tax Credit Equity Investor or a Senior Lender, Agency shall execute from time-to-time such estoppel certificates to the extent they are consistent with the terms of this Agreement.

  • Each such Mortgagee and Tax Credit Equity Investor shall (insofar as the rights of the Agency are concerned) have the right at its option within the cure period provided to Owner to cure or remedy, or commence to cure or remedy, any such default and to add the cost thereof to the security interest debt and the lien of its security interest.

  • Equity from Owner (the “Owner Equity”) will be used to finance a portion of the Rehabilitation Costs and will consist of approximately $1,350,168, to be provided by the Tax Credit Equity Investor, derived from Low Income Housing Tax Credits.

  • Any cure of an event of default by Developer hereunder made or tendered by the Tax Credit Equity Investor shall be accepted or rejected on the same basis as if made by Developer.

  • Subject to the limitations of the preceding sentence, upon the reasonable request of the Tax Credit Equity Investor or any Senior Lender, the Mayor shall execute from time to time such reasonable modifications and estoppels certificates to the extent they are consistent with the terms of the DDA.

  • After Developer gives written notice to County of the admission to Developer’s limited partnership of the Tax Credit Equity Investor, County shall send to the Tax Credit Equity Investor a copy of all notices of default and all other notices that County sends to Developer, at the address for the Tax Credit Equity Investor as provided by written notice to County by Developer.

  • The Tax Credit Equity Investor may take such action, including removing and replacing the general partner of Borrower with a substitute general partner, who shall effect a cure within a reasonable time thereafter in accordance with the foregoing provisions.

  • Upon the reasonable request of the Tax Credit Equity Investor or any Senior Lender, the Agency Executive Director shall execute from time to time such reasonable non-substantive modifications, interpretations and estoppel certificates to the extent they are consistent with the terms of the OPA (including, without limitation, this Amended Method of Financing).


More Definitions of Tax Credit Equity Investor

Tax Credit Equity Investor means a Person who will be an investor limited partner in Developer’s limited partnership for the purposes of rehabilitating the Affordable Units, and who will obtain 99% or more of the Tax Credits.
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Tax Credit Equity Investor means any Person who will be an investor member in the Developer limited liability company or investor limited partner in the Developer partnership, as the case may be, and who will purchase the Low Income Housing Tax Credits and own not less than a 99% interest in Developer.
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Related to Tax Credit Equity Investor

  • Equity Investor means the tax credit investor or syndicator for the proposed project who will acquire an ownership interest in the proposed project and who contributes capital to the Project Sponsor and the closing of the syndication. Equity Investors provide the capital requirements of the Project Sponsor either in the form of a single contribution at the time of entry or a staged level of contributions.

  • Equity Investors means the Sponsors and the Management Stockholders.

  • Equity Investment means (i) an Equity Security; and (ii) an ownership interest in any company or other entity, any membership interest that includes a voting right in any company or other entity, any interest in real estate; and any investment or transaction which in substance falls into any of these categories even though it may be structured as some other form of investment or transaction.

  • Equity Investments shall have the meaning provided in the preamble to this Agreement.

  • Qualified equity investment means any equity investment in, or long-term debt security issued by, a qualified community development entity that:

  • Net Equity Proceeds means, with respect to each issuance or sale of any equity by any Person or any capital contribution to such Person, the cash proceeds (net of underwriting discounts and commissions and other reasonable costs associated therewith) received by such Person from the respective sale or issuance of its equity or from the respective capital contribution.

  • Loan Investor means any person (including an Agency) having a beneficial interest in any mortgage loan originated, purchased or serviced by the Company or any Company Subsidiary or a security backed by or representing an interest in any such mortgage loan; and

  • Minority Investment means any Person (other than a Subsidiary) in which the Borrower or any Restricted Subsidiary owns Capital Stock.

  • Lead Investor means Cavalry Fund I LP.

  • Principal Funding Investment Proceeds means, with respect to each Transfer Date, the investment earnings on funds in the Principal Funding Account (net of investment expenses and losses) for the period from and including the immediately preceding Transfer Date to but excluding such Transfer Date.

  • SBIC Equity Commitment means a commitment by the Borrower to make one or more capital contributions to an SBIC Subsidiary.

  • PIPE Investment Amount means the aggregate gross purchase price received by Acquiror prior to or substantially concurrently with Closing for the shares in the PIPE Investment.

  • Permitted Acquisition Consideration means in connection with any Permitted Acquisition, the aggregate amount (as valued at the Fair Market Value of such Permitted Acquisition at the time such Permitted Acquisition is made) of, without duplication: (a) the purchase consideration paid or payable in cash for such Permitted Acquisition, whether payable at or prior to the consummation of such Permitted Acquisition or deferred for payment at any future time, whether or not any such future payment is subject to the occurrence of any contingency, and including any and all payments representing the purchase price and any assumptions of Indebtedness and/or Guarantee Obligations, “earn-outs” and other agreements to make any payment the amount of which is, or the terms of payment of which are, in any respect subject to or contingent upon the revenues, income, cash flow or profits (or the like) of any Person or business and (b) the aggregate amount of Indebtedness incurred or assumed in connection with such Permitted Acquisition; provided, in each case, that any such future payment that is subject to a contingency shall be considered Permitted Acquisition Consideration only to the extent of the reserve, if any, required under GAAP (as determined at the time of the consummation of such Permitted Acquisition) to be established in respect thereof for the Borrower or its Restricted Subsidiaries.

  • New Equity Interests means the limited liability company

  • Qualifying investment means a capital investment in real property including the purchase price of land and existing buildings, site preparation, building construction, and long-term lease costs. “Qualifying investment” also means a capital investment in depreciable assets.

  • Equity Commitment means (a) options, warrants, convertible securities, exchangeable securities, subscription rights, conversion rights, exchange rights, or other Contracts that could require a Person to issue any of its Equity Interests or to sell any Equity Interests it owns in another Person; (b) any other securities convertible into, exchangeable or exercisable for, or representing the right to subscribe for any Equity Interest of a Person or owned by a Person; (c) statutory pre-emptive rights or pre-emptive rights granted under a Person's Organizational Documents; and (d) stock appreciation rights, phantom stock, profit participation, or other similar rights with respect to a Person.

  • Capital investment means an investment in real property, personal property, or both, at a

  • Next Equity Financing means the next sale (or series of related sales) by the Company of its Preferred Stock following the Date of Issuance from which the Company receives gross proceeds of not less than $1,000,000 (excluding the aggregate amount of securities converted into Preferred Stock in connection with such sale (or series of related sales)).

  • Special Purpose Investment Personnel means each SEI Access Person who, in connection with his or her regular functions (including, where appropriate, attendance at Board meetings and other meetings at which the official business of a Trust or any Fund thereof is discussed or carried on), obtains contemporaneous information regarding the purchase or sale of a Security by a Fund. Special Purpose Investment Personnel shall occupy this status only with respect to those Securities as to which he or she obtains such contemporaneous information.

  • Canadian Investment Manager designation means the designation earned through the Canadian investment manager program prepared and administered by CSI Global Education Inc. and so named on the day this Instrument comes into force, and every program that preceded that program, or succeeded that program, that does not have a significantly reduced scope and content when compared to the scope and content of the first-mentioned program;

  • Dividend Reinvestment Acquisition means an acquisition of Voting Shares of any class pursuant to a Dividend Reinvestment Plan;

  • Equity Capital means capital invested in common or preferred stock, royalty rights, limited partnership interests, limited liability company interests, or any other security or rights that evidence ownership in a private business.

  • Performing Cash Pay High Yield Securities means High Yield Securities (a) as to which, at the time of determination, not less than 2/3rds of the interest (including accretions and “pay-in-kind” interest) for the current monthly, quarterly, semiannual or annual period (as applicable) is payable in cash and (b) which are Performing.

  • Qualifying Capital Securities means securities (other than Common Stock, rights to acquire Common Stock and securities convertible into Common Stock) that, in the determination of the Corporation’s Board of Directors reasonably construing the definitions and other terms of this Replacement Capital Covenant, meet one of the following criteria:

  • Exempt Acquisition means a share acquisition in respect of which the Board of Directors has waived the application of Section 3.1 pursuant to the provisions of Subsection 5.1(a) or (h);

  • Excluded Equity Issuance means (i) any issuance of Equity Interest by a member of the Restricted Group to another member of the Restricted Group, (ii) any issuance of Equity Interests by the Borrower pursuant to an equity incentive or compensation plan or pursuant to a dividend reinvestment or share purchase plan, and (iii) any issuance of Equity Interest in Parent to acquire limited partnership interests in PREIT.