FasTran Buses. The Parties anticipate that any rights to or use of the Property by the FasTran buses and any related equipment, including any rights, duties or obligations or any party with respect thereto, should be terminated and removed by March 1, 2024. If LAC9-South has secured a reservation of Tax Credits prior to August 1, 2023, LAC9-South will send an initial FasTran termination notice to the FCRHA by August 15, 2023, which notice the FCRHA will promptly remit to FasTran with any other related or required documentation by September 1, 2023, and LAC9-South will send a final FasTran termination notice to the FCRHA by November 15, 2023, which notice the FCRHA will promptly remit to FasTran with any other related or required documentation by December 1, 2023 to timely effect such termination and removal by or before March 1, 2024. If LAC9-South does not successfully secure a reservation of Tax Credits by August 1, 2023, the Parties shall work collaboratively on the dates to effect such termination and removal, anticipated to be extended one (1) year until March 1, 2025 with all notices extended one (1) year form the dates above.
FasTran Buses. The Parties anticipate that any rights to or use of the Property by the FasTran buses and any related equipment, including any rights, duties or obligations or any party with respect thereto, should be terminated and removed by March 1, 2024. If LAC4-North has secured a reservation of Tax Credits prior to August 1, 2023, LAC4-North will send an initial FasTran termination notice to the FCRHA by August 15, 2023, which notice the FCRHA will promptly remit to FasTran with any other related or required documentation by September 1, 2023, and LAC4-North will send a final FasTran termination notice to the FCRHA by November 15, 2023, which notice the FCRHA will promptly remit to FasTran with any other related or required documentation by December 1, 2023 to timely effect such termination and removal by or before March 1, 2024. If LAC4-North does not successfully secure a reservation of Tax Credits by August 1, 2023, the Parties shall work collaboratively on the dates to effect such termination and removal, anticipated to be extended one (1) year until March 1, 2025 with all notices extended one (1) year form the dates above.
