Binding Commitment means, with respect to a Housing Credit Development, an agreement between the Corporation and an Applicant by which the Corporation allocates and the Applicant accepts Housing Credits from a later year’s Allocation Authority in accordance with Section 42(h)(1)(C) of the IRC.
Binding Commitment means an agreement between MFA and an Applicant by which MFA allocates and the Applicant accepts Tax Credits in accordance with Section 42(h)(1)(C) of the Code. MFA’s Carryover Allocation is its Binding Commitment.
Binding Commitment means a legal obligation by the state to an assistance recipient that defines the terms and the timing for assistance under this chapter.
Examples of Binding Commitment in a sentence
The Division has defined the Binding Commitment date as the date the Bond Purchase Agreement (BPA) is signed by all parties.
Any advance allocation will require the Applicant to execute a Binding Commitment, as drafted by MFA and agree to the dates and timeframes required in this QAP.
Such amounts are banked toward meeting future Binding Commitment requirements.
Projects will be financed subject to the availability of funds, readiness to proceed, and the ability of the Participant to comply with the conditions set forth in the State’s Binding Commitment with the Participant and CWSRF Loan Program requirements.
Issuance of a Future-Year Binding Commitment does not change this requirement.
More Definitions of Binding Commitment
Binding Commitment. Means, in respect of any Investment:
Binding Commitment means a firm, legally-binding commitment pursuant to which AA or any of its Affiliates has placed a firm order for fifty (50) Aircraft, or any combination of such commitments that results in an order, without duplication, for fifty (50) Aircraft, in each case pursuant to the terms and conditions of the Aircraft Purchase Agreement;
Binding Commitment means a firm, legally-binding commitment pursuant to which Avolon or any of its Affiliates has placed a firm order for Aircraft;
Binding Commitment means, with respect to a Housing Credit Development, an agreement between the Corporation and an Applicant by which the Corporation allocates and the Applicant accepts
Binding Commitment has the meaning set forth in the Statement of Work.
Binding Commitment means binding commitments are legal obligations by the State to the local recipient that define the terms and the timing for assistance under Clean Water SRF. "Board" means the Oklahoma Water Resources Board authorized by law to make final