Capitalized Operating Subsidy Reserve definition

Capitalized Operating Subsidy Reserve means funds set aside at, or before, permanent loan closing for the purpose of supplementing income for the payment of operating expenses.
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Capitalized Operating Subsidy Reserve. COSR”)” means a capitalized operating subsidy reserve held by CalHFA to cover deficits in operating expenses attributable to a portion or all of the COSR Regulated Units. The COSR will be subject to the terms of a Capitalized Operating Subsidy Reserve Agreement between the Borrower and CalHFA.
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Capitalized Operating Subsidy Reserve or “COSR” means the reserve established by the Department pursuant to the requirements of Section 209, or by an Alternative Process County or County administering Shared Housing funds pursuant to the requirements of Section 305 or 405, to address Project operating deficits attributable to Assisted Units.
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Examples of Capitalized Operating Subsidy Reserve in a sentence

  • For units utilizing MHSA Housing Program Capitalized Operating Subsidy Reserve (COSR), the portion of the tenant rent must be set at 30% of the current SSI/SSP grant amount for a single individual living independently, or 30% of total household income, whichever is higher (up to 30% of 50% of area median income), as outlined in the MHSA Housing Program Term Sheet.

  • The following Exhibit is attached to this Agreement and is incorporated by reference herein as if more fully set forth in the text hereof: IN WITNESS WHEREOF, the undersigned have duly executed and delivered this Mental Health Services Act Capitalized Operating Subsidy Reserve Agreement or caused this Agreement to be duly executed and delivered by their respective authorized representatives as of the date first set forth above.


More Definitions of Capitalized Operating Subsidy Reserve

Capitalized Operating Subsidy Reserve. (“COSR”) means a capitalized operating subsidy reserve held by OCCR to cover deficits in operating expenses attributable to a portion or all of the COSR Regulated Units. The COSR will be subject to the terms of a COSR Agreement between the borrower and OCCR.
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Capitalized Operating Subsidy Reserve or “COSR” means the reserve established by the County pursuant to address Project operating deficits attributable to AssistedUnits.
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Capitalized Operating Subsidy Reserve means funds set aside at, or
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Capitalized Operating Subsidy Reserve or “COSR” means the reserve established by
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Capitalized Operating Subsidy Reserve or “COSR” refers to the capitalized operating reserve provided under Section 209 of the Guidelines.
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Capitalized Operating Subsidy Reserve or “COSR” means the reserve established by the Department pursuant to the requirements of Section 209, or by an Alternative Process County or County administering Shared Housing funds pursuant to the requirements of
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Related to Capitalized Operating Subsidy Reserve

  • Capitalized Expenditures means those expenditures that (i) would be capitalized under generally accepted accounting principles, and (ii) are incurred with respect to Shared-Loss Loans, Other Real Estate, Additional ORE or Subsidiary ORE. Capitalized Expenditures shall not include expenses related to environmental conditions including, but not limited to, remediation, storage or disposal of any hazardous or toxic substances or any pollutant or contaminant.

  • Consolidated Depreciation and Amortization Expense means with respect to any Person for any period, the total amount of depreciation and amortization expense, including the amortization of deferred financing fees, of such Person and its Restricted Subsidiaries for such period on a consolidated basis and otherwise determined in accordance with GAAP.