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�o�oo�s3� "Repuired Percenta�e" means the rninimum percentage of Low-Income Units in the Project, which shall be the greatex of the Minimum Set-Aside Test or the Subaward Fractian. "Requisition" means a requisition fox disbursement af the Subaward submitt�d by the Owner in the form attached hereto as Exhrbit D . "Sectiorn 16D2 Proeram" and "Section 1602 Pro raa�i Funds" shall have lhe meanings attributed thereto in the Recitals. " State " rneans Nebraska. "Subaward" means the grant of Section 1602 Frogram Funds in the aggregate arnount of up to $935,295 ta be made by the Authority to the Owner to assist in the financing of the canstruction of the Prnject pursuant to all of the terms and canditions of this Agreernent; pravided, however, that the Subaward, determined at the time of the Cost Certificatian, may not exceed 8S% of each such building's Eligible Basis, as af th� end of the first year of the of the "credit period" applicable to such building, as defined in Seetian 42( fl( l) af the Code "Subaward Fraction" means the lesser of (i) the fraction obtained by divrding the arnount af the Subaward, once fully disburaed, into the Eligible Basis of the Project, determined in accordance with the Section 42(d) of the Code (including any increase in basis pursuant to Section 42(d)(S)(B)), or (ii) the "applicable fraction" as defined in Code Section 42(c)(1). "Tax Credit A1locatipn" means the allocation of Tax Credits ta the Owner with respect to the Praject pursuant to the QAP or a previously effective Quali�cd Allocation Plan of the Autharity, which allocation is anticipatcd to produce Tax Credits for the bene�t of the Tax Credit �nvestor. "Tax Credit Investar" means the party identified as such in the Recitals who has �rmly committed to rnake an equity investment in the Owner in exchange for Tax Credits, tagether with any party authori�ed to act on behalf of the Tax Credit Investor hereunder or und�r the operating agreernent of the Owner. "Tax Credits" means the federal ]ow-income housing tax credits under Section 42 or 1400N of the Cade. "Treasurv" means the United States Department of Che Treasury, includin� the United States of Arnerica acting through the Treasury. "Treasury Reg,u,lations" means the tempoxary and final regulaCians promul�ated under the Cad�, as such regulations rnay be amended from time to time (including corresponding provisions of succeeding regulations), -b- aaa� -z� 3s-�a�s.z