Annual Compliance Sample Clauses

Annual Compliance. Borrower will submit annually (or such other shorter period required under the Tax Credit Regulatory Agreement) to Funding Lender evidence that the Mortgaged Property is in ongoing compliance with all income, occupancy, and rent restrictions under the Tax Credit Regulatory Agreement relating to the Mortgaged Property. Such submissions to Funding Lender will be made contemporaneously with the submission of reports to Tax Credit Agency as required under the Tax Credit Regulatory Agreement.

Annual Compliance. Borrower shall promptly and diligently (i) perform and observe all of the terms, covenants and conditions to be performed and observed by Borrower under the Regulatory Agreement, (ii) perform and observe all of the terms, covenants and conditions to be performed and observed under Applicable Laws to maintain the Regulatory Agreement, and (iii) do all things necessary to preserve and keep unimpaired Borrower’s rights under the Regulatory Agreement. Borrower shall submit to Lender, on an annual basis, evidence reasonably satisfactory to Lender that each of the Property and Borrower is in ongoing compliance with all income, occupancy, rent restriction and other requirements under the Regulatory Agreement. Such submissions to Lender shall be made contemporaneously with the submission of reports to the applicable Governmental Authority as required with respect to the Regulatory Agreement. If Borrower is not required to report evidence of such ongoing compliance to any Governmental Authority, then Borrower shall submit such evidence to Lender at the same time that Borrower submits its annual reporting in accordance with Schedule 5 hereto.

Annual Compliance. Borrower shall promptly and diligently (i) perform and observe all of the terms, covenants and conditions to be performed and observed by Borrower under the Restrictive Declaration, and/or the 421-a Benefits Program, (ii) perform and observe all of the terms, covenants and conditions to be performed and observed under Applicable Laws to maintain the 421-a Tax Benefits, and (iii) do all things necessary to preserve and keep unimpaired Borrower’s rights under the Restrictive Declaration to maintain the 421-a Tax Benefits. Borrower shall submit to Lender, on an annual basis, evidence reasonably satisfactory to Lender that each of the Property and Borrower is in ongoing compliance with all income, occupancy, rent restriction and other requirements (x) under the Restrictive Declaration, and (y) to maintain the 421-a Tax Benefits. Such submissions to Lender shall be made contemporaneously with the submission of reports to the applicable Governmental Authority as required with respect to the 421-a Tax Benefits. If Borrower is not required to report evidence of such ongoing compliance to any Governmental Authority, then Borrower shall submit such evidence to Lender at the same time that Borrower submits its annual reporting in accordance with Schedule 5 hereto.

Annual Compliance. Certificate — an annual Compliance Certificate, substantially in the form of Schedule 9(b), within 90 days of each Fiscal Year end, certifying compliance with this Agreement including the calculations necessary to demonstrate compliance with the financial covenants provided for herein;

Annual Compliance. Within thirty (30) days after the annual anniversary of the County First Payment Date, the Company shall furnish to the County a Certificate of Compliance substantially in the form of Exhibit E certifying the Employment Level of the Project for the previous calendar year. Within thirty (30) days after the annual anniversary of the City First Payment Date, the Company shall furnish to the City a Certificate of Compliance substantially in the form of Exhibit E certifying the Employment Level of the Project for the previous calendar year. The County and/or City may require the Company to provide such other documentation which the County and/or City deems reasonably necessary to confirm the Company’s certification. These reporting and compliance provisions are in addition to the Annual Mobile First Report.

Annual Compliance. Certificate Within one hundred twenty (120) days after the close of each fiscal year, the Borrower shall deliver to the RUS a written statement signed by its General Manager, stating that, to the knowledge of the General Manager, during such year the Borrower has fulfilled its obligations under the Loan Documents throughout such year in all material respects or, if there has been a material default in the fulfillment of such obligations, specifying each such default known to the General Manager and the nature and status thereof. In addition, if the Borrower has treated any Bondable Property, which Bondable Property would otherwise be considered as Retired pursuant to the definition thereof in the Indenture, as not being considered Retired pursuant to the proviso relating to the recovery of a regulatory or similar asset in the definition of Retired in the Indenture, within one hundred and twenty (120) days after the close of each fiscal year during the period such Bondable Property is not considered Retired and otherwise from time to time as RUS shall request during the entirety of the period in which such Bondable Property continues to not be considered as Retired, the Borrower shall deliver to RUS a written statement, including supporting documentation, signed by its General Manager confirming continued amortization and recovery of such regulatory or similar asset in accordance with such proviso, with such