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 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 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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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.

  • 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.

  • 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.

  • 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.

  • The Agency agrees to accept cures tendered by any Senior Lender or Tax Credit Equity Investor within the cure periods provided herein.

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

  • Yes _____ No (Explain):_________________________________________________________________________________________________________________________________________________________ History and Background of Owner or Developer: Provide a detailed description of other similar projects that (1) the General Partner (and affiliates), (2) the Limited Partner (including any Tax Credit Equity Investor) has either owned or developed.

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

  • His next book project is a monograph tentatively titled Gangnam: South Korea’s Landed Capitalism and Cultural Globalization, which casts a new light onthe global rise of the South Korean economy and popular culture by focusing on its geographic symbol, Gangnam.

  • Whenever City shall deliver any notice or demand to Developer with respect to any breach or default by Developer in completion of construction of the Improvements, City shall also deliver to each Mortgagee of record and the Tax Credit Equity Investor a copy of such notice or demand.


More Definitions of Tax Credit Equity Investor

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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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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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.

  • 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 an amount equal to any Cash proceeds from a capital contribution to, or the issuance of any Equity Interests of, Holdings or any of its Subsidiaries, net of underwriting discounts and commissions and other reasonable costs and expenses associated therewith, including reasonable legal fees and expenses.

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

  • Lead Investor means Empery Asset Master, Ltd.

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

  • 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 by 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.

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

  • Dividend Reinvestment Acquisition means an acquisition of Voting Shares 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.

  • Exempt Acquisition means an acquisition by a Person of Voting Shares and/or Convertible Securities: