Common use of Replacement of the Management Agent Clause in Contracts

Replacement of the Management Agent. Upon the removal of the Management Agent as the entity responsible for the management of the Apartment Complex, a substitute Management Agent, which may be an Affiliate of the General Partner, shall be named by the General Partner, subject to the approval of the Lender, if required, and the approval of BCTC 94, Inc.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Boston Capital Tax Credit Fund Iv Lp), Limited Partnership Agreement (Boston Capital Tax Credit Fund Iv Lp)

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Replacement of the Management Agent. Upon the removal of the Management Agent as the entity responsible for the management of the Apartment Complex, a substitute Management Agent, which may shall not be an Affiliate of the General Partner, shall be named by the General Partner, subject to the approval of HUD, and of the Lender, if required, and the approval of BCTC 94, Inc..

Appears in 1 contract

Samples: Limited Partnership Agreement (Boston Capital Tax Credit Fund Iv Lp)

Replacement of the Management Agent. Upon the removal of the Management Agent as the entity responsible for the management of the Apartment Complex, a substitute Management Agent, which may shall not be an Affiliate of the General Partner, shall be named by the General Partner, subject to the approval of the Lender, if required, Lender and the approval of BCTC 94, Inc..

Appears in 1 contract

Samples: Limited Partnership Agreement (Boston Capital Tax Credit Fund Iv Lp)

Replacement of the Management Agent. Upon the removal of the Management Agent as the entity responsible for the management of the Apartment Complex, a substitute Management Agent, which may be an Affiliate of the General Partner, shall be named by the General Partner, subject to the approval consent of the Lender, if required, and the approval consent of BCTC 94, Inc.

Appears in 1 contract

Samples: Limited Partnership Agreement (Boston Capital Tax Credit Fund Iv Lp)

Replacement of the Management Agent. Upon the removal of the Management Agent as the entity responsible for the management of the Apartment Complex, a substitute Management Agent, which may be an Affiliate of the General Partner, shall be named by the General Partner, subject to the approval of the LenderLenders, if required, and the approval of BCTC 94BCCC, Inc.

Appears in 1 contract

Samples: Limited Partnership Agreement (Boston Capital Tax Credit Fund Iv Lp)

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Replacement of the Management Agent. Upon the removal of the Management Agent as the entity responsible for the management of the Apartment Complex, a substitute Management Agent, Agent which may be is not an Affiliate of the General Partner, Partner shall be named by the General Partner, subject to the approval of the LenderAgency, if required, and the approval of BCTC 94, Inc..

Appears in 1 contract

Samples: Limited Partnership Agreement (Boston Capital Tax Credit Fund Iv Lp)

Replacement of the Management Agent. Upon the removal of the Management Agent as the entity responsible for the management of the Apartment Complex, a substitute Management Agent, which may be an Affiliate of the any General Partner, shall be named by the General Partner, subject to the approval of the Permanent Lender, if required, and the approval of BCTC 94, Inc..

Appears in 1 contract

Samples: Limited Partnership Agreement (Boston Capital Tax Credit Fund Iv Lp)

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