Binding Commitment definition

Binding Commitment means, with respect to a Housing Credit Development, an agreement between the Corporation and an Applicant by which the Corporation allocates and the Applicant accepts Housing Credits from a later year’s Allocation Authority in accordance with Section 42(h)(1)(C) of the IRC.
View Source
Binding Commitment means an agreement between MFA and an Applicant by which MFA allocates and the Applicant accepts Tax Credits in accordance with Section 42(h)(1)(C) of the Code. MFA’s Carryover Allocation is its Binding Commitment.
View Source
Binding Commitment means a firm, legally-binding commitment pursuant to which AA or any of its Affiliates has placed a firm order for fifty (50) Aircraft, or any combination of such commitments that results in an order, without duplication, for fifty (50) Aircraft, in each case pursuant to the terms and conditions of the Aircraft Purchase Agreement;
View Source

Examples of Binding Commitment in a sentence

  • The Binding Commitment Notice shall be void ab initio if the Non-Transferring Member fails to deliver the Deposit simultaneously with the delivery of the Binding Commitment Notice.

  • If Buyer fails to so order any Binding Commitment, Seller shall not be obligated subsequently to deliver such unordered quantity.

  • The Governmental Unit shall ensure that its highest elected official and a duly authorized representative of the Owner execute two originals of the Rural Economic Development Loan Agreement and Legally Binding Commitment (“LBC”) in its exact form (unless Commerce approves of a change to its terms in writing) and shall return one such original to Commerce with the one executed original of the Grant Agreement; iii.

  • If the Company shall desire to accept the offer contained in the Offer Notice, the Company shall send a Binding Commitment to the Proposed Transferor within 30 days after the giving of the Offer Notice.

  • If the Offering Subscriber fails to enter into a Legally Binding Commitment to Transfer Senior Securities prior to the expiration of such 180-day period, then in such case the Offering Subscriber shall not be permitted to Transfer such Senior Securities to any Person without complying again with this Section 3.


More Definitions of Binding Commitment

Binding Commitment means a legal obligation by the state to an assistance recipient that defines the terms and the timing for assistance under this chapter.
View Source
Binding Commitment means, with respect to a Housing Credit Development, an agreement between
View Source
Binding Commitment. Means, in respect of any Investment:
View Source
Binding Commitment means a binding commitment to transfer (for Tax (as defined in the CoyCo Transaction Agreement) purposes) any of the Common Shares or other stock in the Company (for U.S. federal income tax purposes) that the Partnership received in connection with the Transactions (as defined in the CoyCo Transaction Agreement) (or any stock (for U.S. federal income tax purposes) that such Common Shares or other stock is converted into by means of a recapitalization or similar transaction).
View Source
Binding Commitment as defined by OWRB 785:50 means “legal obligations by the State to the local recipient that define the terms and the timing for assistance under the Clean Water SRF.”
View Source
Binding Commitment has the meaning set forth in the Statement of Work.
View Source
Binding Commitment means, with respect to the acquisition of any assets, a binding agreement, in writing, between the Company and the seller of the subject assets pursuant to which the Company agrees to purchase certain assets owned by the seller for a specified price and on a specified date, which date shall not be more than 60 days following the date such agreement is entered into.
View Source