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.
Appears in 4 contracts
Samples: Continuing Covenant Agreement, Continuing Covenant Agreement, Rider to Continuing Covenant Agreement
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.
Appears in 3 contracts
Samples: Multifamily Loan and Security Agreement, Rider to Multifamily Loan and Security Agreement, Multifamily Loan and Security Agreement
