Partnership Expenses. (a) All of the Partnership's expenses shall be billed directly to and paid by the Partnership to the extent practicable. Reimbursements to the General Partner or any of its Affiliates by the Partnership shall be allowed only for the Partnership's operating cash expenses and subject to the limitations on the reimbursement of such expenses set forth herein. As used in this Section 9.8 the term "
Appears in 16 contracts
Samples: Development Fee Agreement (WNC Housing Tax Credit Fund Vi Lp Series 6), Development Fee Agreement (WNC Housing Tax Credit Fund Vi Lp Series 7), Agreement (WNC Housing Tax Credit Fund Vi Lp Series 5)
Partnership Expenses. (a) All of the Partnership's expenses shall be billed directly to and paid by the Partnership to the extent practicable. Reimbursements to the General Partner or any of its Affiliates by the Partnership shall be allowed only for the Partnership's operating cash expenses and only subject to the limitations on the reimbursement of such expenses set forth herein. As used in this Section 9.8 the term "
Appears in 5 contracts
Samples: Development Fee Agreement (WNC Housing Tax Credit Fund v Lp Series 4), Certification and Agreement (WNC Housing Tax Credit Fund Vi Lp Series 6), Development Fee Agreement (WNC Housing Tax Credit Fund Vi Lp Series 5)
Partnership Expenses. (a) All of the Partnership's expenses shall be billed directly to and paid by the Partnership to the extent practicable. Reimbursements to the General Partner or any of its Affiliates by the Partnership shall be allowed only for the Partnership's operating cash expenses and subject to the limitations on the reimbursement of such expenses set forth herein. As used in this Section 9.8 the term "the
Appears in 1 contract
Samples: Development Fee Agreement (WNC Housing Tax Credit Fund Vi Lp Series 6)
Partnership Expenses. (a) All of the Partnership's expenses shall be billed directly to and paid by the Partnership to the extent practicablepracticable on a property-by-property basis. Reimbursements to the General Partner or any of its Affiliates by the Partnership shall be allowed only for the Partnership's operating cash expenses and only subject to the limitations on the reimbursement of such expenses set forth herein. As used in this Section 9.8 the term "
Appears in 1 contract
Samples: Development Fee Agreement (WNC Housing Tax Credit Fund Vi Lp Series 6)
Partnership Expenses. (a) All of the Partnership's expenses shall be billed directly to and paid by the Partnership to the extent practicable. Reimbursements to the General Partner or any of its Affiliates by the Partnership shall be allowed only for the Partnership's operating cash expenses and subject to the limitations on the reimbursement of such expenses set forth herein. As used in this Section 9.8 the term "the
Appears in 1 contract
Samples: Certification and Agreement (WNC Housing Tax Credit Fund Vi Lp Series 5)
Partnership Expenses. (a) All of the Partnership's expenses shall be billed directly to and paid by the Partnership to the extent practicable. Reimbursements to the General Partner Partner, or any of its Affiliates Affiliates, by the Partnership shall be allowed only for the Partnership's operating cash expenses Cash Expenses unless the General Partner is obligated to pay the same as an Operating Deficit during the Operating Deficit Guarantee Period, and subject to the limitations on the reimbursement of such expenses set forth herein. As used in this Section 9.8 the term "forth
Appears in 1 contract
Samples: Certification and Agreement (WNC Housing Tax Credit Fund Vi Lp Series 9)
Partnership Expenses. (a) All of the Partnership's expenses shall be billed directly to and paid by the Partnership to the extent practicable. Reimbursements to the General Partner or any of its Affiliates by the Partnership shall be allowed only for the Partnership's operating cash expenses and only subject to the limitations on the reimbursement of such expenses set forth herein. As used in this Section 9.8 9.7 the term "
Appears in 1 contract
Samples: Certification and Agreement (WNC Housing Tax Credit Fund v Lp Series 4)