MCCs Sample Clauses

MCCs. MCCs are authorized under the Tax Reform Act of 1986 and allow the borrower to receive a Federal tax credit for a percentage of their xxxx- xxxx interest payment. They may be used by RHS guaranteed RH borrowers to improve their repayment ability for the loan. MCCs impact on the bor- rower’s tax liability. MCCs may be used with interest assisted loans when the amount of the tax credit is based on the amount of interest actually paid by the borrower. MCCs are subject to shared equity of a portion of any ‘‘gain’’ realized on the property when sold within 10 years after purchase. If the loan is also an RHS interest as- sisted loan, RHS shall receive priority for shared equity repayment. Income taxes are complex issues; RHS employ- ees and Lenders are not expected to be able to identify all issues impacting the borrower’s taxes. Xxxxxxx should encourage borrowers to consult with a tax advisor.
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MCCs. Cellnet shall install any additional MCCs ---- in the Fixed Network Area and any communications links necessary to obtain automated meter readings from Activated Meters.
Sample 1
MCCs. Xxxxxxxxxx shall be paid a fixed total fee in the amount of Ten Thousand Dollars ($10,000.00) upon the issuance of any series of Mortgage Credit Certificates (“MCCs”) which series shall be evidenced by a request to the State of Florida by the HFA for available bond allocation in an amount sufficient for the issuance of MCCs.
Sample 1
MCCs precertification function shall be performed by licensed physicians or licensed registered nurses employed or contracted by MCC, or by such other class of licensed healthcare practitioner as may be approved by Patient's Choice. No admission or procedure shall be denied precertification except upon the approval of MCC's Medical Director, who shall be a doctor of medicine licensed to practice medicine, with the concurrence of Patient's Choice given through its Medical Director or other designee.
Sample 1

Related to MCCs

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