Replacement and Reserve Account. The Partnership shall fund, establish and maintain a reserve account in the amount that is the greater of $300 per unit or the amount required by the RD Loan Agreement, which funds shall be maintained and used in accordance with the requirements of RD Regulation 7 CFR Part 1930-C, or any successor thereof, as evidenced by the RD Loan Agreement.
Appears in 2 contracts
Samples: Limited Partnership Agreement (WNC Housing Tax Credit Fund VI, L.P., Series 13), Limited Partnership Agreement (WNC Housing Tax Credit Fund VI, L.P., Series 13)
Replacement and Reserve Account. The Partnership shall fund, establish and maintain a reserve account in the amount that is the greater of $300 per unit per year or the amount required by the RD Loan Agreement, which funds shall be maintained and used in accordance with the requirements of the Replacement Reserve Agreement entered into between the Partnership and RD and RD Regulation 7 CFR Part 1930-C, or any successor thereof, as evidenced by the RD Loan Agreement.
Appears in 2 contracts
Samples: Limited Partnership Agreement (WNC Housing Tax Credit Fund VI, L.P., Series 13), Limited Partnership Agreement (WNC Housing Tax Credit Fund VI, L.P., Series 13)
Replacement and Reserve Account. The Partnership shall fund, establish and maintain a reserve account in the amount that is the greater of $300 per unit or the an amount required by the RD Loan Agreement, Agreement which funds shall be maintained and used in accordance with the requirements of RD Regulation 7 CFR Part 1930-C, or any successor thereof, as evidenced by the RD Loan Agreement.
Appears in 1 contract
Samples: Limited Partnership Agreement (WNC Housing Tax Credit Fund Vi Lp Series 12)
