Accrual of Development Fee. The Development Fee shall be earned no later than the end of the first year of the tax credit period referenced in Section 42(f)(1) of the Code. Once any portion of the Development Fee has been earned, it shall be payable by the Partnership in all events.
Appears in 25 contracts
Samples: Limited Partnership Agreement, Limited Partnership Agreement (WNC Housing Tax Credit Fund Vi Lp Series 12), Limited Partnership Agreement (WNC Housing Tax Credit Fund VI, L.P., Series 13)
Accrual of Development Fee. The Development Fee shall be earned no later than the end of the first year of the tax credit period referenced in Section 42(f)(1) of the Code. Once any portion of the Development Fee has been earned, it shall be payable by the Partnership in all events.
Appears in 1 contract
Samples: Limited Partnership Agreement (WNC Housing Tax Credit Fund Vi Lp Series 9)
