Qualified Project Period definition

Qualified Project Period means Qualified Project Period as defined in Section 142(d) of the Internal Revenue Code.
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Qualified Project Period means the period beginning on the first day on which at least 10% of the units in the Project are first occupied, and ending on the later of the following:
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Qualified Project Period means the period beginning on the Closing Date and ending on the later of the following:
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Examples of Qualified Project Period in a sentence

  • The Owner hereby acknowledges and agrees with the Governmental Lender and the Fiscal Agent that the Project is to be owned, managed and operated as a “qualified residential rental project” (within the meaning of Section 142(d) of the Code) for a term equal to the Qualified Project Period.

  • The amount due upon a Fee Prepayment will be a lump sum amount calculated by the Governmental Lender as the present value of the Annual City Fees due from the date of the Fee Prepayment through the end of the Qualified Project Period (the “Forgone Fees”), using a discount rate equal to the most recent Local Agency Investment Fund (LAIF) Quarterly Apportionment Rate published by the Office of the California State Treasurer.

  • The Owner will prepare and submit to the Governmental Lender each February 1 until the end of the Qualified Project Period, or at such other times as required by the Governmental Lender, a Certification of Compliance in substantially the form attached to the CDLAC Conditions, executed by an authorized representative of the Owner.

  • For clarity and consistency, the Forgone Fees will be calculated assuming that there are no changes to the definition of Qualified Project Period.

  • The Annual City Fee shall, to but not including the Conversion Date, be in an amount equal to $ and shall, from and after the Conversion Date through the end of the Qualified Project Period, be in an amount equal to 0.125% of the Permanent Period Amount (however the Annual City Fee shall be no less than $7,500).


More Definitions of Qualified Project Period

Qualified Project Period means a period beginning on the Occupancy Date and ending on the date which is the Required Number of Years after the Occupancy Date as set forth on the Summary Page.
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Qualified Project Period means the same as defined in 26 U.S.C. section 142(d)(2)(A) and regulations promulgated thereunder, except that the minimum term shall be consistent with Section 5192.
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Qualified Project Period means Qualified Project Period as defined in Section 142(d) of the IRC.
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Qualified Project Period means the period beginning on the first day on which at least 10% of the units in the Project are first occupied and ending on the later of the following:
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Qualified Project Period means the period of time, as provided in the Code, that a Development financed with Tax-exempt Bonds must comply with the Lower Income Tenant Set-Aside.
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Qualified Project Period. The period beginning on the later of (i) the date of issuance of the Bonds or (ii) the first date on which at least 10% of all of the Spaces in the Project are first occupied and ending on the latest of (w) the date which is 15 years after the later of the date of issuance of the Bonds or the date on which at least 50% of the Spaces in the Project are first occupied, (x) the first day on which no tax-exempt private activity bond issued with respect to the Project is outstanding, (y) the date on which any assistance provided with respect to the Project under Section 8 of the United States Housing Act of 1937 terminates, or (z) the date which is 30 years after the date of issuance of the Bonds; provided such period is subject to extension in accordance with Section 5(i) hereof.
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Qualified Project Period means the period beginning on the first day on which 10% of the dwelling units in the Project are first occupied and ending on the later of: (a) (i) the date which is 15 years after the date on which 50% of the dwelling units in the Project are first occupied,
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