NOTICE TO TAX CREDIT INVESTOR Sample Clauses

NOTICE TO TAX CREDIT INVESTOR. Bondowner Representative agrees that it shall not direct Bond Trustee to complete a foreclosure sale of the Property or record a deed-in-lieu of foreclosure with respect to the Property (each, a “Foreclosure Remedy") unless and until Investor Limited Partner has first been given thirty (30) days' written notice of the default(s) or Event(s) of Default giving rise to Bondowner Representative’s right to direct Bond Trustee to complete such Foreclosure Remedy, and Tax Credit Investor has failed, within such thirty (30) day period, to cure such default(s) and Event(s) of Default; provided, however, that Bondowner Representative shall be entitled during such thirty (30) day period to continue to pursue all of its rights and remedies under the Loan Documents, including, but not limited to, acceleration of the Note (subject to any de-acceleration provisions specifically set forth in the (Beverfy Terrace) DWT 278fl9087v3 0088288-000046 Loan Documents or otherwise available under applicable law), exercise of its rights and remedies under the Loan Documents, commencement and pursuit of foreclosure (but not completion of the foreclosure sale), enforcement of any guaranty (subject to any notice and cure provisions contained therein), and/or enforcement of any other Loan Document. It is the express interest of the parties hereunder that Bondowner Representative shall have the right to pursue all rights and remedies except completion of a Foreclosure Remedy without liability to Tax Credit investor for failure to provide notice to Tax Credit Investor, and that Bondowner Representative’s liability hereunder shall be expressly limited to actual damages to Tax Credit Investor directly caused by Bondowner Representative's direction to Bond Trustee to complete of a Foreclosure Remedy without Tax Credit Investor receiving the notice and opportunity to cure described above. Bondowner Representative’s failure to give any such notice for any reason shall not act to impair or waive any remedy or right of Bondowner Representative under this Loan Agreement or any other Loan Document. Bondowner Representative shall give Tax Credit Investor notice at the address set forth below or such other address as Tax Credit Investor may instruct Bondowner Representative in writing from time to time: Wincopin Circle LLLP c/o Enterprise Community Asset Management, Inc. 00000 Xxxxxx Xxxx Xxxxxxx Xxxxx 000 Xxxxxxxx, Xxxxxxxx 00000
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Related to NOTICE TO TAX CREDIT INVESTOR

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