Eligible Basis definition
Eligible Basis has the meaning given to it in Section 42(d) of the Code.
Eligible Basis means the depreciable basis of residential rental housing eligible for Tax Credits.
Eligible Basis means the sum of the eligible cost elements that are subject to depreciation, such as expenditures for new construction, rehabilitation and building acquisition.
Examples of Eligible Basis in a sentence
If there is an Upward Adjustor due to Development Costs that increase Eligible Basis and Consented to by AHF, then the Fourth Capital Contribution shall be increased by the Upward Adjustor.
Land preparation costs included in Eligible Basis are inextricably associated with depreciable assets of the Partnership.
Notwithstanding anything to the contrary herein, Wichita GP may only make a DDF Election for Excess Development Costs that increase Eligible Basis of the Apartment Complex prior to Completion and Consented to by AHF.
Eligible Basis - the depreciable basis of a building and associated improvements, including common areas such as laundry facilities, offices, etc.
Eligible Basis: Acquisition Rehabilitation $1,466,084 $370,970 5.
More Definitions of Eligible Basis
Eligible Basis means eligible basis as defined in Section 42(d) of the Code.
Eligible Basis means generally the depreciable basis in the property.
Eligible Basis means the depreciable basis of residential rental housing eligible for Tax Credits. “Eligible Basis Analysis” means the analysis described in Section 7.2A.
Eligible Basis means the eligible basis as defined in Section 42(d) of the Code.
Eligible Basis means the adjusted basis of the Apartment Development as determined by Section 42(d) of the Code.
Eligible Basis has the meaning set forth in Section 42(d) of the Code. "Entity" means any Person, general partnership, limited partnership, limited liability company, corporation, joint venture, trust, business trust, cooperative or association. "Estoppel Letter" means an estoppel letter in form and substance reasonably satisfactory to the Special Limited Partner delivered to the Partnership from each Lender which certifies as to each Mortgage Loan (i) that there is no default ongoing pursuant to the Mortgage Loan Documents, (ii) the amounts of interest and principal paid on such Mortgage Loan to date and (ii) the outstanding principal balance of such Mortgage Loan. "Event of Bankruptcy" means with respect to any Person, (i) the entry of a decree or order for relief by a court having jurisdiction in respect of such Person in an involuntary case under the federal bankruptcy laws, as now or hereafter constituted, or any other applicable federal or state bankruptcy, insolvency or other similar law, or appointing a receiver, liquidator, assignee, custodian, trustee, sequestrator (or similar official) of such Person or for any substantial part of his property, or ordering the winding-up or liquidation of his affairs and the continuance of any such decree or order unstayed and in effect for a period of sixty (60) consecutive days; (ii) the commencement by such Person of a voluntary case under the federal bankruptcy laws, as now constituted or hereafter amended, or any other applicable federal or state bankruptcy, insolvency or other similar law, or the consent by him to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian, sequestrator (or similar official) of such Person or for any substantial part of his property, or the making by him of any assignment for the benefit of creditors, or the taking of corporate action by the Person in furtherance of any of the foregoing; or (iii) the commencement against such Person of an involuntary case under the federal bankruptcy laws, as now constituted or hereafter amended, which has not been vacated, discharged or bonded within sixty (60) consecutive days. "Event of Default" shall have the meaning set forth in Section 5.1(h). "Extended Use Agreement" means the extended use housing commitment to be executed by the Partnership in accordance with the requirements of the Credit Agency and the provisions of Section 42(h)(6)(A) of the Code. "Filing Office" means the Department of Commerce - Corporatio...
Eligible Basis means the eligible basis of the Project allowable under Section 42(d)(1) of the Code and that the Partnership will use in calculating the eligible basis of the Partnership in the Project for purposes of Section 42 of the Code.