State Designation definition
State Designation means the date upon which the Partnership receives the allocation by the authorized agency of the State of a Tax Credit for the buildings constituting the Apartment Complex in an annual dollar amount of not less than $31,171 as evidenced by the execution by or on behalf of such agency of Form(s) 8609. For the purposes of determining State Designation, each building in the Apartment Complex shall be treated as having received an allocation of Tax Credit in an amount equal to the lesser of (i) the amount of Tax Credit carryover allocation received from the authorized agency of the State as to such building or (ii) the amount of Tax Credit set forth on the Form 8609 as to such building.
State Designation means the date on which the Partnership receives an allocation in proper form pursuant to Section 42 of the Code from the Credit Agency of 1995 Tax Credits, as evidenced by the execution by or on behalf of the Credit Agency of one or more Form(s) 8609. For the purposes of determining State Designation, each building in the Apartment Complex shall be treated as having received an allocation of Tax Credit in an amount equal to the lesser of (i) the amount of Tax Credit carryover allocation received from the Credit Agency as to such building or (ii) the amount of Tax Credits set forth on the Form 8609 as to such building.
State Designation means, with respect to the Apartment Complex, the final allocation by the Agency of Low-Income Housing Tax Credits, as evidenced by the receipt by the Partnership of IRS Form 8609 executed by the Agency as to all buildings in the Apartment Complex. In the event State Designation is anticipated to occur more that sixty (60) days after the Agency's Cost Certification, then, for purposes of Section 5.01(c) hereof, State Designation shall mean evidence of the Agency's receipt of Cost Certification.
Examples of State Designation in a sentence
It is not the intent of this Agreement to alter CRISP’s right to negotiate such Participation Agreements provided that they are consistent with this State Designation Agreement and CRISP’s obligations as the State-Designated HIE.
This Agreement follows upon and replaces the April 2016 State Designation Agreement.
Sign: Print Name: Title: ADDRESS: License No. Issuing State: Designation / Classification: #10414391_v2 APPOINTMENT APPLICATION Health License Number: Name D.O.B. S.S# Resident Address Phone Business Address Phone Please send mail to: □ Residence □ Business Name of Insurance Company(ies) you represent.
In acknowledgement of the aforementioned, the duly authorized officials of CRISP and MHCC do hereby enter into this State Designation Agreement.
More Definitions of State Designation
State Designation means the date upon which the Partnership receives the allocation by the authorized agency of the State of Tax Credit for the building(s) constituting the Apartment Complex in an annual dollar amount of not less than $176,409 of Form(s) 8609. For the purposes of determining State Designation, each building in the Apartment Complex shall be treated as having received an allocation of Tax Credit in an amount equal to the lesser of (i) the amount of Tax Credit carryover allocation received from the authorized agency of the State as to such building or (ii) the amount of Tax Credit set forth on the Form 8609 as to such building.
State Designation means, with respect to the Apartment Complex, the final allocation by the Agency of Low-Income Housing Tax Credits, as evidenced by the receipt by the Partnership of IRS Form 8609 executed by the Agency as to all buildings in the Apartment Complex.
State Designation means, with respect to the Apartment Complex, the final allocation by the Agency of Low-Income Housing Tax Credits, as evidenced by the receipt by the Company of IRS Form 8609 executed by the Agency as to all buildings in the Apartment Complex. In the event that State Designation is anticipated to occur more than 60 days after the Agency's receipt of Cost Certification, then, for purposes of Section 6.01(c) hereof, State Designation shall mean evidence of the Agency's receipt of Cost Certification, provided that the Company has received a valid Carryover Allocation of 1996 Tax Credits which remains in full force and effect.
State Designation means, with respect to the Apartment Complex, the final allocation by the Agency of Low-Income Housing Tax Credits, as evidenced by the receipt by the Partnership of IRS Form 8609 executed by the Agency as to all buildings in the Apartment Complex. In the event State Designation is anticipated to occur more that sixty (60) days after the Agency's Cost Certification, then, for purposes of Section 5.01(c) hereof, State Designation shall mean evidence of the Agency's receipt of Cost Certification. "Subordinated Loan" means any loan made by the General Partner to the Partnership pursuant to Section 8.17. "Substantial Completion" means the date upon which the Partnership has received (a) both a certificate of substantial completion from the applicable inspecting architect certifying that the rehabilitation has been completed in accordance with the Plans and Specifications and (b), if applicable, certificates of substantial completion or certificates of occupancy from the applicable governmental jurisdiction(s) or authority(ies) for one hundred percent (100%) of the apartment units in the Apartment Complex; provided, however, that Substantial Completion shall not be deemed to have occurred if on such date any liens or other encumbrances as to title to the Land and the Apartment Complex exist (unless the General Partner shall have provided lien bond▇ ▇▇ ▇▇▇▇▇ ▇▇surance coverage satisfactory in amount and coverage to BCTC 94, Inc.), other than those securing the Mortgage Loan and/or those Consented to by the Investment Partnership. "Substitute Limited Partner" means any Person admitted to the Partnership as a Limited Partner pursuant to Section 9.03. "Supplemental Replacement Reserve" means the supplemental replacement reserve account established pursuant to the provisions of Section 8.18(c) of this Agreement. "Syndication Expenses" means all expenditures classified as syndication expenses pursuant to Treasury Regulation Section 1.709-2(B). Syndication Expenses shall be taken into account in determining and maintaining Capital Accounts pursuant to Section 11.12 of this Agreement at the time they would be taken into account under the Partnership's method of accounting if they were deductible expenses. "Taxable Income" and "Tax Losses" means the Partnership's taxable income or tax losses, respectively, for each fiscal year (or part thereof) as determined for federal income tax purposes, including, where the context requires, all items of income, gain, loss, deductio...
State Designation means, with respect to the Apartment Complex the written determination by the Agency and the Bond Issuer that the Apartment Complex meets the requirements set forth in Sections 42(m)(1)(D) and 42(m)(2)(D) of the Code.
State Designation means April 24, 1996.
State Designation means the date upon which the Partnership receives the allocation by the authorized agency of the State of a Tax Credit for the building(s) constituting the Apartment Complex in an annual dollar amount of not less than $35,430 as evidenced by the execution by or on behalf of such agency of Form(s) 8609.