Common use of Repurchase of Limited Partner's Interest Clause in Contracts

Repurchase of Limited Partner's Interest. Within 60 days after the General Partner receives written demand from the Limited Partner and/or the Special Limited Partner, the Partnership shall repurchase the Limited Partner's Interest and/or the Special Limited Partner's Interest in the Partnership by refunding to it in cash the full amount of the Capital Contribution which the Limited Partner and/or the Special Limited Partner has theretofore made in the event that, for any reason, the Partnership shall fail to:

Appears in 39 contracts

Samples: Certification and Agreement (WNC Housing Tax Credit Fund Vi Lp Series 8), Development Fee Agreement (WNC Housing Tax Credit Fund Vi Lp Series 7), Certification and Agreement (WNC Housing Tax Credit Fund v Lp Series 4)

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Repurchase of Limited Partner's Interest. Within 60 90 days after the General Partner receives written demand from the Limited Partner and/or the Special Limited Partner, the Partnership shall repurchase the Limited Partner's Interest and/or the Special Limited Partner's Interest in the Partnership by refunding to it in cash the full amount of the Capital Contribution which the Limited Partner and/or the Special Limited Partner has theretofore made in the event that, for any reason, the Partnership shall fail to:

Appears in 9 contracts

Samples: Certification and Agreement (WNC Housing Tax Credit Fund VI, L.P., Series 13), Certification and Agreement (WNC Housing Tax Credit Fund Vi Lp Series 10), Amended and Restated Agreement (WNC Housing Tax Credit Fund Vi Lp Series 11)

Repurchase of Limited Partner's Interest. Within 60 days after the General Partner receives written demand from the Limited Partner and/or the Special Limited Partner, the Partnership shall repurchase the Limited Partner's Interest and/or the Special Limited Partner's Interest in the Partnership by refunding to it in cash the full amount of the Capital Contribution which the Limited Partner and/or the Special Limited Partner has theretofore made in the event that, for any reason, the Partnership shall fail to:

Appears in 3 contracts

Samples: Development Fee Agreement (WNC Housing Tax Credit Fund Vi Lp Series 10), Development Fee Agreement (WNC Housing Tax Credit Fund Vi Lp Series 9), Development Fee Agreement (WNC Housing Tax Credit Fund Vi Lp Series 9)

Repurchase of Limited Partner's Interest. Within 60 days after the General Partner receives written demand from the Limited Partner and/or the Special Limited Partner, the Partnership shall repurchase the Limited Partner's Interest and/or the Special Limited Partner's Interest in the Partnership by refunding to it in cash the full amount of the Capital Contribution which the Limited Partner and/or the Special Limited Partner has theretofore made in the event thatmade. This repurchase obligation shall arise if, for any reason, the Partnership shall fail to:

Appears in 2 contracts

Samples: Budget Agreement (WNC Housing Tax Credit Fund VI, L.P., Series 13), Budget Agreement (WNC Housing Tax Credit Fund VI, L.P., Series 13)

Repurchase of Limited Partner's Interest. Within 60 days after the General Partner receives written demand from the Limited Partner and/or the Special Limited Partner, the Partnership shall repurchase the Limited Partner's Interest and/or the Special Limited Partner's Interest in the Partnership by refunding to it in cash the full amount of the Capital Contribution which the Limited Partner and/or the Special Limited Partner has theretofore made in the event that, for any reason, the Partnership shall fail to:to meet the Minimum Set-Aside Test not later than December 31 of the first year the Partnership elects the LIHTC to commence in accordance with the Code.

Appears in 1 contract

Samples: Certification and Agreement (WNC Housing Tax Credit Fund Vi Lp Series 5)

Repurchase of Limited Partner's Interest. Within 60 days after the General Partner receives written demand from the Limited Partner and/or the Special Limited Partner, the Partnership shall repurchase the Limited Partner's Interest and/or the Special Limited Partner's Interest in the Partnership by refunding to it in cash the full amount of the Capital Contribution which the Limited Partner and/or the Special Limited Partner has theretofore made in the event that, for any reason, the Partnership shall fail to:

Appears in 1 contract

Samples: Operating Budget Agreement (WNC Housing Tax Credit Fund Vi Lp Series 5)

Repurchase of Limited Partner's Interest. Within 60 days after the General Partner receives receipt of written demand therefor from the Limited Partner and/or the Special Limited Partner, the Partnership shall repurchase the Limited Partner's Interest and/or the Special Limited Partner's Interest in the Partnership by refunding to it in cash the full amount of the Capital Contribution which the Limited Partner and/or the Special Limited Partner has theretofore made in the event that, for any reason, the Partnership shall fail to:

Appears in 1 contract

Samples: WNC Housing Tax Credit Fund Vi Lp Series 5

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Repurchase of Limited Partner's Interest. Within 60 days after the General Partner receives written demand from the Limited Partner and/or the Class A Special Limited Partner and/or the Class B Special Limited Partner, the Partnership shall repurchase the Limited Partner's Interest and/or the Class A Special Limited Partner's and/or class B Special Limited Partner's Interest in the Partnership by refunding to it in cash the full amount of the Capital Contribution which the Limited Partner and/or the Class A Special Limited Partner and/or the Class B Special Limited Partner has theretofore made in the event that, for any reason, the Partnership shall fail to:

Appears in 1 contract

Samples: Certification and Agreement (WNC Housing Tax Credit Fund Vi Lp Series 6)

Repurchase of Limited Partner's Interest. Within 60 days after the General Partner receives receipt of written demand therefor from the Limited Partner and/or the Special Limited Partner, the Partnership shall repurchase the Limited Partner's Interest and/or the Special Limited Partner's Interest interest in the Partnership by refunding to it in cash the full amount of the Capital Contribution which the Limited Partner and/or the Special Limited Partner has theretofore made in the event that, for any reason, the Partnership shall fail to:

Appears in 1 contract

Samples: Certification and Agreement (WNC Housing Tax Credit Fund v Lp Series 4)

Repurchase of Limited Partner's Interest. Within 60 days after the General Partner receives written demand from the Limited Partner and/or the Special Limited Partner, which written demand must be delivered within 3 years of the Limited Partner and/or Special Limited Partner having actual knowledge of the occurrence of an event warranting repurchase pursuant to this section, the Partnership shall repurchase the Limited Partner's Interest and/or the Special Limited Partner's Interest in the Partnership by refunding to it in cash the full amount of the Capital Contribution which the Limited Partner and/or the Special Limited Partner has theretofore made in the event that, for any reason, the Partnership shall fail to:

Appears in 1 contract

Samples: Development Fee Agreement (WNC Housing Tax Credit Fund Vi Lp Series 9)

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