Examples of Qualified Lessee in a sentence
No later than 90 calendar days after the Rehabilitation of the Historic Building or a project stage is complete, the Owner or Qualified Lessee of the Historic Building shall notify the Director that the Project is complete in accordance with the application and request a historic preservation tax credit certificate.
The request must include: • Cover letter signed by the Owner or Qualified Lessee of the Project certifying that the Project has been completed and that the information contained within the request for certification is correct.
The Company will not nor will it cause or permit any of its Subsidiaries to, and shall use commercially reasonable efforts not to permit, any Qualified Lessee or any of its Subsidiaries to, amend, supplement, terminate, replace or waive any provision of its operating agreement or other organization documents after the Third Amendment Date.
As soon as available and in any event within 30 days after the close of each calendar year of the Company and each Qualified Lessee (other than a Consolidated Qualified Lessee), as the case may be,, the annual budget of the Company and its Subsidiaries and each Qualified Lessee, as applicable.
Evidence of a qualified lease can be demonstrated by providing an executed lease agreement for a term equal to or exceeding the lease term requirements under 26 U.S.C. 47(c)(2)(B)(vi), which requires a minimum of 27.5 years for residential rental property and 39 years for nonresidential real property.• The Applicant must be the owner or Qualified Lessee of the Historic Building at the time the application is filed.