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20�007�37 "R�guired Percentage" means the minimum percentage of Low-Income Units in the Project, which shall be the greater of the Minimurn Set-Aside Test or the Subar�vaxd Fraction. `.Requisition" means a requisition for disbursement of the Subaward submitted by the Owner in the form attached hereta as Exhibit D . "Section 1b02 Prograrn" and "Sectian 16U2 Pro ram Funds" shall have the meanings attributed thereto in the Recitals. "State" means Nebraska. "Subaward" means the gxant of Section 1602 Prograxn Funds in the aggregate amount of up to $1,496,825 to be made by the Authority to the Owner to assist in the finazicing of the canstnaction of the Project pursuant to all of the terms and conditions of this Agreement; provided, however, that the Subaward, determined at the tirne of the Cost Certification, rnay not exceed SS% of each such building's Eligible Basis, as of the end of the first year of the of the "cxedit period" applicable to such building, as defined in Section 42(�(1) of the Code "Subaward Fraction" xneans the lesser of (i) the fraction obtained by dividing the amount of the Subaward, once fully disbursed, into the Eligible Basis of the Praject, determined in accordance vvith the Sectian �}2(d) af 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 Allocation" means the allocation nF Tax Credits to the Owner with respect to the Project pursuant to the QAP or a previously effective Qualified Allocation Plan of the Authority, which allocation is anticipated to produce Tax Credits for tlie benefit of the Tax Credit Tnvestor, "Tax Credit Investar" means the party identified as such in the Recitals who has �rmly committed to make an equity investznent in the Owner in exchange for T� Credits, tagether with any party authorized to act on behalf of the Tax Credit Inv�stor hereunder or under the operating agreernent af the Owner. "Tax Credits" means the federal low-income housing tax credits under Section 42 or 1400N of the Code. "Treasurv" means the United States Department of the Treasury, including the United States of America acting through the Treasury. "Treasurv Re�ulations" means the temporary and final regulations promulgated under the Code, as such regulations rnay be amended from tinne to time (including corresponding provisions of succeeding regulations). _�,_ 4846-G923-1367.3