Allocations of Losses and Capital Losses. (a) Other than in connection with the occurrence of an Exchange Date, Losses and Capital Losses that result from a liquidation of the related Bonds as a result of a mandatory purchase, failure to remarket tendered Class A Certificates or redemption of any related Bonds will be allocated to the Holders of the Class B Certificates, pro rata, to the extent of their Capital Account Balances.
Appears in 7 contracts
Samples: Series Certificate Agreement (America First Multifamily Investors, L.P.), Series Certificate Agreement (America First Multifamily Investors, L.P.), Series Certificate Agreement (America First Multifamily Investors, L.P.)
Allocations of Losses and Capital Losses. (a) Other than in connection with the occurrence of an Exchange Date, Losses and Capital Losses that result from a liquidation of the related Bonds Assets as a result of a mandatory purchase, failure to remarket tendered Class A Certificates or redemption of any related Bonds Assets will be allocated to the Holders of the Class B Certificates, pro rata, to the extent of their Capital Account Balances.
Appears in 1 contract
Samples: Series Certificate Agreement (Centerline Holding Co)
