Actual Credit definition

Actual Credit means, with respect to a particular year, the total amount of Tax Credit properly allocable by the Partnership to the Investment Limited Partner for such year. The Actual Credit shall be retroactively revised if the amount of Tax Credit properly allocable to the Investment Limited Partner is revised after audit or recaptured.

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Actual Credit means as of any point in time, ninety-nine percent (99%) of the Tax Credits actually received by the Partnership, as shown on the applicable tax return of the Partnership.

Actual Credit means, at any time, the amount of the Tax Credit properly reportable by the Partnership in a calendar year for federal income tax purposes.

Examples of Actual Credit in a sentence

Please be advised that while a Developer may use an engineer’s estimates in order to estimate Credits for project planning purposes, the Actual Credit awarded will only be determined by the reconciliation process.
No Actual Credit will be awarded until the Verified Costs are determined through the reconciliation process.
If the dollar amount of the Actual Credit exceeds the TUMF Obligation, Developer will be deemed to have fully satisfied the TUMF Obligation for the Project and may apply for a reimbursement agreement, to the extent applicable, as provided in Section 14.6 of this Agreement.
If the dollar amount of the Actual Credit exceeds the Estimated Credit, but is less than the TUMF Obligation, but the Actual Credit plus additional monies collected by AGENCY from Developer for the TUMF Obligation exceed the TUMF Obligation (“TUMF Overpayment”), Developer will be deemed to have fully satisfied the TUMF Obligation for the Project and may be entitled to a refund.
Subject to the terms, conditions, and limitations set forth in this Agreement, the Parties hereby agree that Developer is entitled to receive the dollar amount by which the Actual Credit exceeds the dollar amount of the TUMF Obligation as determined pursuant to the Credit Agreement, (insert appropriate reference for city or county), and the TUMF Administrative Plan adopted by WRCOG (“Reimbursement”).The Reimbursement shall be subject to verification by WRCOG.
The Auditors shall make their determination of the amount of the Actual Credit with respect to each Reduction Year within thirty (30) days following the end of such Fiscal Year.
The Auditors shall make their determination of the amount of the Actual Credit with respect to each Reduction Year within thirty (30) days following the end of such year.
In no case shall the Actual Credit Enhancement exceed the then outstanding Maximum Credit Enhancement for any pool.
The Investment Limited Partner shall be eligible to be paid a Reduction Amount as hereinabove described with respect to each Reduction Year and may receive multiple payments of Reduction Amounts in the event of multiple changes in the Actual Credit.
The Auditors shall make their determination of the amount of the Actual Credit with respect to each Reduction Year within thirty (30) days following the end of such year but such amount shall be subject to later adjustment by the Auditors or by the Service in connection with an audit.

More Definitions of Actual Credit

Actual Credit means, as of any point in time, 99.9% of the total amount of the Housing Tax Credits reported and claimed by the Partnership as a whole on its federal information and income tax returns, as amended if applicable, and not disallowed by any Final Determination of the applicable taxing authority and actually available to the Limited Partners.

Actual Credit shall have the meaning ascribed to it in Section 2.5(g)(ii).

Actual Credit means the aggregate amount of (i) the total amount (VAT, if applicable, included) of all [COMPANY]’s invoices issued by [COMPANY] and its Affiliates to the Partner for [COMPANY] Products/Solutions and/or Professional Services - within this Agreement and outside the scope of this Agreement - but for which no payment has been received by [COMPANY] or its Affiliates, and (ii) the total amount (VAT, if applicable, included) of the [COMPANY] Products/Solutions and/or Professional Services ordered by the Partner but not yet invoiced by [COMPANY] and its Affiliates, minus (iii) the down/advance payments received by [COMPANY] on such outstanding amounts.

Actual Credit means, as of any point in time, the total amount of Historic Tax Credit properly passed through to the Company by the Developer and reflected in the Company’s federal income tax return filed with the IRS and properly allocable to the Investor Member under the terms of this Agreement.

Actual Credit shall have the meaning ascribed to it in Section 2.5(g)(ii). “Affiliate” of a specified Person shall mean another Person that directly or indirectly, through one or more intermediaries, controls, is controlled by, or is under common control with, such first Person; provided, however, that, unless otherwise specified herein, neither Wyeth nor Amgen Inc., nor their respective successor entities, nor any other Person that