Qualified Project Period definition

Qualified Project Period means Qualified Project Period as defined in Section 142(d) of the Internal Revenue Code.

Qualified Project Period means the period beginning on the Closing Date and ending on the later of the following:

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:

Examples of Qualified Project Period in a sentence

• The Borrower hereby acknowledges and agrees that the Project will be owned, managed and operated as a “qualified residential rental project” (within the meaning of Section 142(d) of the Code) until the expiration of the Qualified Project Period.

• Thereafter, the Borrower shall pay or shall cause the Fiscal Agent to pay to the Governmental Lender the Governmental Lender Fee on March 1 of each year throughout the term of the Regulatory Agreement, commencing March 1, 2017, in an amount equal to 0.125% of the original maximum principal amount of the Tax-Exempt Obligations until the end of the Qualified Project Period.

• In the event that the Tax-Exempt Obligations are redeemed or prepaid, as applicable, in part or in full prior to the end of the term of this Regulatory Agreement, the Governmental Lender Fee for the remainder of the term of this Regulatory Agreement shall continue to be payable to the Governmental Lender for the number of years remaining in the Qualified Project Period.

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.

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 30 years consistent with Section 5192.

Qualified Project Period means Qualified Project Period as defined in Section 142(d) of the IRC.

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.

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.

Qualified Project Period has the meaning given to such term in the Regulatory Agreement.

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: