Reservation Letter definition

Reservation Letter or “Reservation” means a document issued by MFA which describes the amount of Credits provisionally awarded to a Project and the conditions which the Project Owner must meet in order to obtain a Binding Commitment for Tax Credits.

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Reservation Letter means the letter from the Authority to an Owner conditionally binding the Authority to make an Allocation of Tax Credits in a specific amount for that Owner’s Project.

Reservation Letter means the written documentation from the Authority to an Owner

Examples of Reservation Letter in a sentence

• No new residential rezoning, preliminary plat, site plan or functional equivalent may be approved by the County or Cities, unless the residential development is exempt from these requirements as provided in Section 13.6 of this Agreement, until a School Concurrency Reservation Letter has been issued by the School Board indicating that adequate school facilities exist.

• Bondowner Representative shall have received a photocopy of the Reservation Letter from TCAC.

• Respective to each Note, the post-Closing Board of Directors of either Corporation (as applicable) shall issue a written majority resolution authorizing any such Conversion at any time in accordance with all federal and state law and regulation, as well as a Share Reservation Letter (as hereinafter described) per Note to its transfer agent pertaining to any and all Conversions.

• Issuance of a reservation letter by the School District identifying that adequate capacity exists indicates only that school facilities are currently available or proportionate share mitigation is settled, and capacity will be reserved upon receipt of the School Concurrency Reservation Letter by the local government.

• For Projects where the SGIP Application/Reservation Request was cancelled after the issuance of a Confirmed Reservation Letter from the SGIP PA due to a termination of this Agreement by Participant or an MCE Termination for Breach, Participant shall (or shall cause its Project Developer to) reimburse MCE the full amount of such Bridge Funding immediately upon notice to the SGIP PA of the cancellation of the project (a copy of which must be submitted to MCE).

More Definitions of Reservation Letter

Reservation Letter shall have the meaning ascribed to such term in Section 8.2(u). “Reserve Percentage” shall have the meaning ascribed to such term in the Note.

Reservation Letter means the letter from the Authority to an Owner conditionally binding the

Reservation Letter means a reservation letter issued by

Reservation Letter means the Letter of Offer dated issued by the Vendor to the Purchaser and accepted by the Purchaser in respect of the transaction contemplated herein;

Reservation Letter means the letter from the Authority to an

Reservation Letter means the letter dated , issued by Lender to Borrower and approving the Loan.

Reservation Letter has the meaning ascribed to such term in Section 8.2(o) of this Agreement.