Capitalized Reserve Requirements. a. Recipient shall deposit a total of $ .00 into an operating reserve account created in connection with a Housing Trust Fund Corporation Regulatory Agreement upon [receipt of the first/second/third/fourth/fifth/sixth] installment of the proceeds of syndication of the Low-Income Housing Credits] [the closing of the Housing Trust Fund Corporation Loan] or / / whichever is earlier. b. Recipient shall deposit a total of $ .00 into a replacement reserve account created in connection with a Housing Trust Fund Corporation Regulatory Agreement upon [receipt of the first/second/third/fourth/fifth/sixth] installment of the proceeds of syndication of the Low-Income Housing Credits] [the closing of the Housing Trust Fund Corporation Loan] or / / whichever is earlier.
Appears in 3 contracts
Samples: Regulatory Agreement, Regulatory Agreement, Regulatory Agreement
Capitalized Reserve Requirements. a. Recipient shall deposit a total of $ .00 into an operating reserve account created in connection with a Housing Trust Fund Corporation Regulatory Agreement upon [receipt of the first/second/third/fourth/fifth/sixth] installment of the proceeds of syndication of the Low-Income Housing Credits] [the closing of the Housing Trust Fund Corporation Loan] or / / whichever is earlier.
b. Recipient shall deposit a total of $ .00 into a replacement reserve account created in connection with a Housing Trust Fund Corporation Regulatory Agreement upon [receipt of the first/second/third/fourth/fifth/sixth] installment of the proceeds of syndication of the Low-Income Housing Credits] [the closing of the Housing Trust Fund Corporation Loan] or / / whichever is earlier.;
Appears in 2 contracts
Samples: Extended Low Income Housing Commitment and Regulatory Agreement, Extended Low Income Housing Commitment and Regulatory Agreement
Capitalized Reserve Requirements. a. Recipient shall deposit a total of $ .00 into an operating reserve account created in connection with a Housing Trust Fund Corporation Regulatory Agreement upon [receipt of the first/second/third/fourth/fifth/sixth] installment of the proceeds of syndication of the Low-Income Housing Credits] [the closing of the Housing Trust Fund Corporation Loan] or / / whichever is earlier. .
b. Recipient shall deposit a total of $ .00 into a replacement reserve account created in connection with a Housing Trust Fund Corporation Regulatory Agreement upon [receipt of the first/second/third/fourth/fifth/sixth] installment of the proceeds of syndication of the Low-Income Housing Credits] [the closing of the Housing Trust Fund Corporation Loan] or / / whichever is earlier.
Appears in 2 contracts
Samples: Regulatory Agreement, Regulatory Agreement
Capitalized Reserve Requirements. a. Recipient shall deposit a total of $ .00 into an operating reserve account created in connection with a Housing Trust Fund Corporation Regulatory Agreement upon [receipt of the first/second/third/fourth/fifth/sixth] installment of the proceeds of syndication of the Low-Income Housing Credits] [the closing of the Housing Trust Fund Corporation Loan] or / / whichever is earlier.
b. Recipient shall deposit a total of $ .00 into a replacement reserve account created in connection with a Housing Trust Fund Corporation Regulatory Agreement upon [receipt of the first/second/third/fourth/fifth/sixth] installment of the proceeds of syndication of the Low-Income Housing Credits] [the closing of the Housing Trust Fund Corporation Loan] or / / whichever is earlier.
Appears in 1 contract
Samples: Extended Low Income Housing Commitment Regulatory Agreement
