Qualified project definition

Qualified project means the construction or expansion of any capital project of the Borrower or any of its Restricted Subsidiaries, the aggregate actual or budgeted capital cost of which (in each case, including capital costs expended by the Borrower or any such Restricted Subsidiaries prior to the construction or expansion of such project) exceeds $50,000,000.

Qualified project means an eligible project which has been selected by the bank to receive a loan or other financial assistance from the bank to defray an eligible cost.

Qualified project means a qualified low‑income building as that term is defined in Section 42 of the Internal Revenue Code of 1986, as amended, that is located in South Carolina and receives approval for tax credits from the South Carolina Housing and Finance Development Authority provided pursuant to this section.

Examples of Qualified project in a sentence

• The Corporation has provided a Take-out Commitment to the Construction Lender who is financing the construction and/or rehabilitation of the Qualified Project, all for the purpose, among others, of inducing the Borrower to construct or acquire, renovate, equip and operate the Qualified Project.

• The Corporation and the Borrower hereby declare their understanding and intent that the burden of the covenants set forth herein touch and concern the land in that the Borrower’s legal interest in the Qualified Project is rendered less valuable thereby.

• The covenants shall be in effect for at least the Affordability Period and shall be binding upon the Borrower and its successors, assigns, heirs, grantees or lessees to the land or the Qualified Project for the Affordability Period, unless earlier terminated in accordance with the provisions set forth in the Federal Grant Requirements as Attachment H of this Agreement.

• The provisions of this RRDP Regulatory Agreement may be enforced by the Corporation, OCD, HUD and residents of the Qualified Project.

• The Borrower hereby covenants and agrees not to sell, transfer or otherwise dispose of the Qualified Project.

More Definitions of Qualified project

Qualified project means a qualified low-income building as

Qualified project means a qualified code improvement,

Qualified project means a qualified low-income building, as defined in § 42(c) of the Internal

Qualified project means an eligible project which has been selected by the authority to receive a loan or other financial assistance from the authority to defray an eligible cost.

Qualified project means a qualified code improvement, qualified façade improvement, or qualified historic rehabilitation project as defined by this subchapter.

Qualified project means a capital outlay project recommended by the CIB to the Finance Authority for financial assistance that is primarily intended to develop Colonias infrastructure. A Qualified Project may include a water system, a wastewater system, solid waste disposal facilities, flood and drainage control, roads or housing infrastructure pursuant to NMSA 1978, § 6-30-3(G), as amended, but does not include general operation and maintenance, equipment, housing allowance payments or mortgage subsidies.

Qualified project means a Water Pollution Abatement Project undertaken by a Participating Local Government Unit and identified on the Intended Use Plan Project Listing after the enactment of the Enabling Act.