Qualified Opportunity Fund definition

Qualified Opportunity Fund shall have the meaning set forth in Section 1400Z-2(d) of the Code.
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Qualified Opportunity Fund means an investment vehicle that is organized as a corporation or partnership for the purpose of investing in qualified opportunity zone property under § 1400Z–1 of the Internal Revenue Code, other than another qualified opportunity zone
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Qualified Opportunity Fund means a qualified opportunity fund, as defined in 26
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Examples of Qualified Opportunity Fund in a sentence

  • It is intended that the Company will elect to be treated as a Qualified Opportunity Fund beginning with the first taxable year of the Company.

  • However, the Company may also conduct or promote any other lawful business in any jurisdiction in which a limited liability company is legally allowed to conduct or promote its business provided that the Company maintain its qualifications as a Qualified Opportunity Fund.

  • Each Member hereby acknowledges that, as described in the Memorandum, the Manager may (in its discretion) determine to convert the Company from a limited liability company to a limited partnership in connection with certifying the Company as a Qualified Opportunity Fund.

  • The business of the Company is to create a Qualified Opportunity Fund which will invest in the equity of Qualified Opportunity Zone Businesses within Qualified Opportunity Zones in accordance with the Tax Cuts and Jobs Act (26 USC § 1400Z-2(b)(2-b)) and applicable regulations.

  • The Managing Member shall use commercially reasonable efforts to cause the Company to take all actions, and to refrain from taking any actions, in each case as is necessary in order for the Company to qualify as a Qualified Opportunity Zone Business at all times that Woodforest Fund and/or any other Investor Member that is a Qualified Opportunity Fund is a Member of the Company.

  • Each Member acknowledges investing in a Qualified Opportunity Fund presents special tax treatment pursuant to Section 1400Z-2 of the Code.

  • Notwithstanding the foregoing, the Unitholders expressly agree that the Company shall at all times qualify as a Qualified Opportunity Fund and as a “partnership” for federal and state income tax purposes, and the Manager and the Unitholders agree to act at all times in conformity with this stated intention.


More Definitions of Qualified Opportunity Fund

Qualified Opportunity Fund means a qualified opportunity fund as defined in Section 1400Z- 2(d)(i) of the Code.
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Qualified Opportunity Fund or “QOF” means an investment vehicle which is a corporation or partnership organized for the purpose of investing in Qualified Opportunity Zone Property (other than another Qualified Opportunity Fund), all as described in Code § 1400Z-2(d).
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Qualified Opportunity Fund means an entity governed by Internal Revenue Code section 1400z2(a) which raises capital for investment in Qualified Opportunity Zones.
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Qualified Opportunity Fund means an investment vehicle that
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Qualified Opportunity Fund has the meaning set forth in Section 3.1.
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Related to Qualified Opportunity Fund

  • Investment Fund has the same meaning as in National Instrument 81-106 Investment Fund Continuous Disclosure;

  • Qualified low-income community investment or “QLICI” shall have the same meaning as set forth in IRC § 45D(d) and 26 C.F.R. Part 1.45D-1(d).

  • Endowment fund means an institutional fund or part thereof that, under the terms of a gift instrument, is not wholly expendable by the institution on a current basis. The term does not include assets that an institution designates as an endowment fund for its own use.

  • Investment opportunity means anything, tangible or intangible, that is offered, offered for sale, sold, or traded based wholly or in part on representations, either express or implied, about past, present, or future income, profit, or appreciation.

  • Opportunity Cost means a component of the Market Seller Offer Cap calculated in accordance with Tariff, Attachment DD, section 6. OPSI Advisory Committee:

  • Non-Regulatory Opportunity Cost means the difference between (a) the forecasted cost to operate a specific generating unit when the unit only has a limited number of starts or available run hours resulting from (i) the physical equipment limitations of the unit, for up to one year, due to original equipment manufacturer recommendations or insurance carrier restrictions, (ii) a fuel supply limitation, for up to one year, resulting from an event of Catastrophic Force Majeure; and,

  • Settlement Fund means the Settlement Amount plus any and all interest earned thereon.

  • Mutual Fund or “Fund” or “UTIMF” means UTI Mutual Fund, a Trust under the Indian Trust Act, 1882 registered with SEBI under registration number MF/048/03/01 dated January 14, 2003.

  • New Fund means each of the series portfolios of the Trust, one of which shall correspond to one of the Current Funds as shown on Schedule A.

  • Qualified Operator means a Person that has at least five (5) years’ experience operating power generation and storage facilities generally similar to the Facility.

  • Public fund means the state treasurer or a retirement system.

  • Mutual Funds means (i) all open-end mutual funds; and (ii) similar pooled investment vehicles established in non-U.S. jurisdictions, such as registered investment trusts in Japan. For purposes of the Code, Mutual Fund does not include shares of open-end money market mutual funds (unless otherwise advised by Compliance).

  • Lower income household means a household having an income equal to or less than the

  • Investment Funds means all monies and financial resources available for investment by the Authority, other than proceeds of bonds issued by the Authority.

  • General Account consists of all our assets other than those held in any separate investment accounts.

  • Minimum Investment means an investment in the project of at least two and one‑half million dollars within the investment period. If a county has an average annual unemployment rate of at least twice the state average during the last twenty‑four month period based on data available on the most recent November first, the minimum investment is one million dollars. The department shall designate these reduced investment counties by December thirty‑first of each year using data from the South Carolina Department of Employment and Workforce and the United States Department of Commerce. The designations are effective for a sponsor whose fee agreement is signed in the calendar year following the county designation. For all purposes of this chapter, the minimum investment may include amounts expended by a sponsor or sponsor affiliate as a nonresponsible party in a voluntary cleanup contract on the property pursuant to Article 7, Chapter 56, Title 44, the Brownfields Voluntary Cleanup Program, if the Department of Health and Environmental Control certifies completion of the cleanup. If the amounts under the Brownfields Voluntary Cleanup Program equal at least one million dollars, the investment threshold requirement of this chapter is deemed to have been met.

  • Community or broad-based enterprise means an enterprise that has an empowerment shareholder who represents a broad base of members such as a local community or where the benefits support a target group, for example black women, people living with disabilities, the youth and workers. Shares are held via direct equity, non-profit organisations and trusts.

  • Federally Qualified Health Center means a non-administrative medical facility with a fixed permanent location that is identified on the following search engines and offers health services on a sliding scale payment system: http://findahealthcenter.hrsa.gov or http://www.ihs.gov/ or http://www.aachc.org/.

  • Money market mutual fund means an open-end managed investment fund:

  • Qualified Nurse means a person who holds a valid registration from the Nursing Council of India or the Nursing Council of any state in India.

  • Nonpurpose Investment means any investment property, as defined in section 148(b) of the Code, in which Gross Proceeds of the Bonds are invested and which is not acquired to carry out the governmental purposes of the Bonds.

  • Qualified offshore wind project means a wind turbine

  • Qualified Settlement Fund or “Settlement Fund” means the interest-bearing, settlement fund account to be established and maintained by the Escrow Agent in accordance with Article 5 herein and referred to as the Qualified Settlement Fund (within the meaning of Treas. Reg. § 1.468B-1).

  • Qualified Basis means the portion or percentage of the Eligible Basis that qualifies for the Tax Credit. It is calculated by multiplying the Eligible Basis by the Applicable Fraction.

  • QUALIFIED MUNICIPAL CORPORATION means a municipal corporation that, by resolution or ordinance adopted on or before December 31, 2011, adopted Ohio adjusted gross income, as defined by section 5747.01 of the Ohio Revised Code, as the income subject to tax for the purposes of imposing a municipal income tax.