Qualified Equity definition

Qualified Equity means funds that are not derived from proceeds of a tax-exempt financing that are spent on the Project at any time during the period beginning not earlier than the later of (a) 60 days prior to the Official Intent Date or (b) three years prior to the Issue Date, and ending not later than the date the Project is capable of and actually used at substantially its designed level. Qualified Equity excludes an ownership interest in real property or tangible personal property.

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Qualified Equity means any Capital Stock that is not a Disqualified Equity Interest.

Qualified Equity means funds (but excluding an existing equity ownership interest in real property or tangible personal property) that are not derived from proceeds of a tax-exempt financing that are spent on the Project on a date that is no earlier than a date on which such expenditures would be eligible for reimbursement by proceeds of the Bonds under Regulations § 1.150-2(d)(2) and ending not later than the date the Project is capable of and actually used at substantially its designed level.

Examples of Qualified Equity in a sentence

For purposes determining the existence and amount of Non-Qualified Use of the Project and the Certificates, any such Non-Qualified Use shall first be allocated to the portion of the Project financed with Qualified Equity, and then, to the extent of any excess, to the portion of the Project financed with proceeds of the Certificates.
The Compliance Officer will supplement the expected allocation of Certificate proceeds and Qualified Equity to expenditures with a Final Written Allocation as required by the Tax Compliance Procedure.
Any redemption of Notes (including with net cash proceeds of a Qualified Equity Offering) pursuant to this Section 3.07 may, at the Company’s discretion, be subject to one or more conditions precedent, including, but not limited to, consummation of any related Qualified Equity Offering, consummation of a Change of Control or consummation of a refinancing of any Indebtedness.
The City has accounted for and will account for the expenditure of Certificate proceeds and Qualified Equity for the Project.
The Compliance Officer will account for the investment and expenditure of Certificate proceeds and Qualified Equity in the level of detail required by the Tax Compliance Procedure.

More Definitions of Qualified Equity

Qualified Equity means, with respect to any Person, all Equity Interests of such Person that do not constitute Disqualified Equity.

Qualified Equity means any Equity Interests that are not Disqualified Equity.

Qualified Equity means funds that are not derived from proceeds of a tax-exempt financing that are spent on the Financed Facility at any time during the period beginning not earlier than the later of

Qualified Equity means any Capital Stock other than Disqualified Capital Stock and any cash equity contributed to the common or ordinary unit capital of any Person.

Qualified Equity means funds that are not derived from proceeds of a tax-exempt financing that are spent on the 2018 Project at any time during the period beginning not earlier than the later of (a) 60 days before the Official Intent Date or (b) three years before the Issue Date, and ending not later than the date the 2018 Project is capable of and actually used at substantially its designed level. Qualified Equity excludes an ownership interest in real property or tangible personal property.

Qualified Equity means the class or classes of Company equity securities issued in the Qualified Financing.

Qualified Equity means any Equity Interest that is not a Disqualified Equity Interest. “Real Estate” means all land, together with the buildings, structures, parking areas, and other improvements thereon, now or hereafter owned by any Loan Party, including all easements, rights-of-way, and similar rights appurtenant thereto and all leases, tenancies, and occupancies thereof.