Common use of Restrictions on Authority Clause in Contracts

Restrictions on Authority. (a) Notwithstanding any other Section of this Agreement, the General Partner shall have no authority to perform any act in violation of the Act, any other applicable law, Agency or other government regulations, the requirements of any Lender, or the Project Documents. In the event of any conflict between the terms of this Agreement and any applicable Regulations or requirements of any Lender, the terms of such Regulations or the requirements of such Lender, as the case may be, shall govern. Subject to the provisions of Section 6.2(b), the General Partner, acting in its capacity as General Partner, shall not have the authority, without the Consent of the Special Limited Partner:

Appears in 5 contracts

Samples: Boston Capital Tax Credit Fund Iv Lp, Boston Capital Tax Credit Fund Iv Lp, Boston Capital Tax Credit Fund Iv Lp

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Restrictions on Authority. (a) Notwithstanding any other Section of this Agreement, the General Partner shall have no authority to perform any act in violation of the Act, any other applicable law, Agency or other government regulations, the requirements of any Lender, or the Project Documents. In the event of any conflict between the terms of this Agreement and any applicable Regulations or requirements of any Lender, the terms of such Regulations or the requirements of such Lender, as the case may be, shall govern. Subject to the provisions of Section 6.2(b), the General Partner, acting in its capacity as General Partner, shall not have the authority, without the Consent of the Special Limited Partner:

Appears in 5 contracts

Samples: Boston Capital Tax Credit Fund Iv Lp, Boston Capital Tax Credit Fund Iv Lp, Boston Capital Tax Credit Fund Iv Lp

Restrictions on Authority. (a) Notwithstanding any other Section of this Agreement, the General Partner Partners shall have no authority to perform any act in violation of the Act, any other applicable law, Agency FmHA or other government regulations, the requirements of any Lender, or the Project Documents. In the event of any conflict between the terms of this Agreement and any applicable Regulations FmHA or requirements other government regulations or re- quirements of any Lender, the terms of such Regulations regulations or the requirements of such Lender, as the case may be, shall govern. Subject to the provisions of Section 6.2(b), Neither shall the General Partner, acting in its capacity as General Partner, shall not Partners have any authority to do any of the authority, following acts without the Consent of the Investment Limited Partner and the prior written consent of the Special Limited Partner:

Appears in 3 contracts

Samples: Consent and Agreement (Boston Capital Tax Credit Fund Iv Lp), Consent and Agreement (Boston Capital Tax Credit Fund Iv Lp), Consent and Agreement (Boston Capital Tax Credit Fund Iv Lp)

Restrictions on Authority. (a) Notwithstanding any other Section of this Agreement, the General Partner Partners shall have no authority to perform any act in violation of the Act, any other applicable law, Agency or other government regulations, the requirements of any Lender, or the Project Documents. In the event of any conflict between the terms of this Agreement and any applicable Regulations Agency or other government regulations or requirements of any Lender, the terms of such Regulations regulations or the requirements of such Lender, as the case may be, shall govern. Subject to the provisions of Section 6.2(b), Neither shall the General Partner, acting in its capacity as General Partner, shall not Partners have any authority to do any of the authority, following acts without the Consent of the Special Investment Limited Partner:

Appears in 3 contracts

Samples: Boston Capital Tax Credit Fund Iv Lp, Boston Capital Tax Credit Fund Iv Lp, Boston Capital Tax Credit Fund Iv Lp

Restrictions on Authority. (a) Notwithstanding any other Section of this Agreement, the General Partner Partners shall have no authority to perform any act in violation of the Act, any other applicable law, Agency or other government regulations, the requirements of any the Lender, or the Project Documents. In the event of any conflict between the terms of this Agreement and any applicable Regulations Agency or other government regulations or requirements of any the Lender, the terms of such Regulations regulations or the requirements of such Lender, as the case may be, shall govern. Subject to the provisions of Section 6.2(b), Neither shall the General Partner, acting in its capacity as General Partner, shall not Partners have any authority to do any of the authority, following acts without the Consent of the Investment Limited Partner and the prior written consent of the Special Limited Partner:

Appears in 3 contracts

Samples: Boston Capital Tax Credit Fund Iv Lp, Boston Capital Tax Credit Fund Iv Lp, Boston Capital Tax Credit Fund Iv Lp

Restrictions on Authority. (a) Notwithstanding any other Section of this Agreement, the General Partner Partners shall have no authority to perform any act in violation of the Act, any other applicable law, Agency or other government regulations, the requirements of any Lender, or the Project Documents. In the event of any conflict between the terms of this Agreement and any applicable Regulations Agency or other government regulations or requirements of any Lender, the terms of such Regulations regulations or the requirements of such Lender, as the case may be, shall govern. Subject to the provisions of Section 6.2(b), Neither shall the General Partner, acting in its capacity as General Partner, shall not Partners have any authority to do any of the authority, following acts without the Consent of the Special Investment Limited PartnerPartners:

Appears in 2 contracts

Samples: Boston Capital Tax Credit Fund Iv Lp, Boston Capital Tax Credit Fund Iv Lp

Restrictions on Authority. (a) Notwithstanding any other Section of this Agreement, the General Partner Partners shall have no authority to perform any act in violation of the Act, any other applicable law, Agency or other government regulations, the requirements of any Lender, or the Project Documents. In the event of any conflict between the terms of this Agreement and any applicable Regulations Agency or requirements other government regulations or re quirements of any Lender, the terms of such Regulations regulations or the requirements of such Lender, as the case may be, shall govern. Subject to the provisions of Section 6.2(b), Neither shall the General Partner, acting in its capacity as General Partner, shall not Partners have any authority to do any of the authority, following acts without the Consent of the Special Investment Limited Partner:

Appears in 2 contracts

Samples: Boston Capital Tax Credit Fund Iv Lp, Boston Capital Tax Credit Fund Iv Lp

Restrictions on Authority. (a) Notwithstanding any other Section of this Agreement, the General Partner Partners shall have no authority to perform any act in violation of the Act, any other applicable law, Agency RECD or other government regulations, the requirements of any Lender, or the Project Documents. In the event of any conflict between the terms of this Agreement and any applicable Regulations RECD or other government regulations or requirements of any Lender, the terms of such Regulations regulations or the requirements of such Lender, as the case may be, shall govern. Subject to the provisions of Section 6.2(b), Neither shall the General Partner, acting in its capacity as General Partner, shall not Partners have any authority to do any of the authority, following acts without the Consent of the Investment Limited Partner and the prior written consent of the Special Limited Partner:

Appears in 2 contracts

Samples: Boston Capital Tax Credit Fund Iv Lp, Boston Capital Tax Credit Fund Iv Lp

Restrictions on Authority. (a) Notwithstanding any other Section of this Agreement, the General Partner Partners shall have no authority to perform any act in violation of the Act, any other applicable law, Agency FmHA or other government regulations, the requirements of any Lender, or the Project Documents. In the event of any conflict between the terms of this Agreement and any applicable Regulations FmHA or other government regulations or requirements of any Lender, the terms of such Regulations regulations or the requirements of such Lender, as the case may be, shall govern. Subject to the provisions of Section 6.2(b), Neither shall the General Partner, acting in its capacity as General Partner, shall not Partners have any authority to do any of the authority, following acts without the Consent of the Investment Limited Partner and the prior written consent of the Special Limited Partner:

Appears in 2 contracts

Samples: Certificate and Agreement (Boston Capital Tax Credit Fund Iv Lp), Boston Capital Tax Credit Fund Iv Lp

Restrictions on Authority. (a) Notwithstanding any other Section of this Agreement, the General Partner Partners shall have no authority to perform any act in violation of the Act, any other applicable law, Agency or other government regulations, the requirements of any Lender, or the Project Documents. In the event of any conflict between the terms of this Agreement and any applicable Regulations Agency or other government regulations or requirements of any the Lender, the terms of such Regulations regulations or the requirements of such Lender, as the case may be, shall govern. Subject to the provisions of Section 6.2(b), Neither shall the General Partner, acting in its capacity as General Partner, shall not Partners have any authority to do any of the authority, following acts without the Consent of the Investment Limited Partners and the prior written consent of the Special Limited Partner:

Appears in 2 contracts

Samples: Consent and Agreement (Boston Capital Tax Credit Fund Iv Lp), Boston Capital Tax Credit Fund Iv Lp

Restrictions on Authority. (a) Notwithstanding any other Section of this Agreement, the General Partner Partners shall have no authority to perform any act in violation of the Act, any other applicable law, Agency or other government regulations, the requirements of any Lender, or the Project Documents. In the event of any conflict between the terms of this Agreement and any applicable Regulations Agency or other government regulations or requirements of any the Lender, the terms of such Regulations regulations or the requirements of such Lender, as the case may be, shall govern. Subject to the provisions of Section 6.2(b), Neither shall the General Partner, acting in its capacity as General Partner, shall not Partners have any authority to do any of the authority, following acts without the Consent of the Investment Limited Partner and the prior written consent of the Special Limited Partner, and in the event that any General Partner violates any provision of this Section 6.2, the Special Limited Partner shall have the rights set forth in Section 7.5:

Appears in 2 contracts

Samples: Boston Capital Tax Credit Fund Iv Lp, Boston Capital Tax Credit Fund Iv Lp

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Restrictions on Authority. (a) Notwithstanding any other Section of this Agreement, the General Partner Partners shall have no authority to perform any act in violation of the Act, any other applicable law, Agency or other government regulations, the requirements of any Lender, or the Project Documents. In the event of any conflict between the terms of this Agreement and any applicable Regulations Agency or requirements other government regulations or re- quirements of any Lender, the terms of such Regulations regulations or the requirements of such Lender, as the case may be, shall govern. Subject to the provisions of Section 6.2(b), Neither shall the General Partner, acting in its capacity as General Partner, shall not Partners have any authority to do any of the authority, following acts without the Consent of the Special Investment Limited Partner:

Appears in 1 contract

Samples: Boston Capital Tax Credit Fund Iv Lp

Restrictions on Authority. (a) Notwithstanding any other Section of this Agreement, the General Partner Partners shall have no authority to perform any act in violation of the Act, any other applicable law, Agency or other government regulations, the requirements of any Lender, or the Project Documents. In the event of any conflict between the terms of this Agreement and any applicable Regulations Agency or other government regulations or requirements of any the Lender, the terms of such Regulations regulations or the requirements of such Lender, as the case may be, shall govern. Subject to the provisions of Section 6.2(b), Neither shall the General Partner, acting in its capacity as General Partner, shall not Partners have any authority to do any of the authority, following acts without the Consent of the Investment Limited Partner and the prior written consent of the Special Limited Partner:

Appears in 1 contract

Samples: Boston Capital Tax Credit Fund Iv Lp

Restrictions on Authority. (a) Notwithstanding any other Section of this Agreement, the General Partner Partners shall have no authority to perform any act in violation of the Act, any other applicable law, Agency FmHA or other government regulations, the requirements of any Lender, Lender or the Project Documents. In the event of any conflict between the terms of this Agreement and any applicable Regulations FmHA or other government regulations or requirements of any the Lender, the terms of such Regulations regulations or the requirements of such Lender, as the case may be, shall govern. Subject to the provisions of Section 6.2(b), Neither shall the General Partner, acting in its capacity as General Partner, shall not Partners have any authority to do any of the authority, following acts without the Consent of the Investment Limited Partner and the prior written consent of the Special Limited Partner:

Appears in 1 contract

Samples: Boston Capital Tax Credit Fund Iv Lp

Restrictions on Authority. (a) Notwithstanding any other Section of this Agreement, the General Partner Partners shall have no authority to perform any act in violation of the Act, any other applicable law, Agency FmHA, Authority, or other government regulations, the requirements of any Lender, or the Project Documents. In the event of any conflict between the terms of this Agreement and any applicable Regulations FmHA, Authority, or other government regulations or requirements of any the Lender, the terms of such Regulations regulations or the requirements of such Lender, as the case may be, shall govern. Subject to the provisions of Section 6.2(b), Neither shall the General Partner, acting in its capacity as General Partner, shall not Partners have any authority to do any of the authority, following acts without the Consent of the Investment Limited Partner and the prior written consent of the Special Limited Partner:

Appears in 1 contract

Samples: Boston Capital Tax Credit Fund Iv Lp

Restrictions on Authority. (a) Notwithstanding any other Section of this Agreement, the General Partner Partners shall have no authority to perform any act in violation of the Act, any other applicable law, Agency RECD or other government regulations, the requirements of any Lender, or the Project Documents. In the event of any conflict between the terms of this Agreement and any applicable Regulations RECD or other government regulations or requirements of any Lender, the terms of such Regulations regulations or the requirements of such Lender, as the case may be, shall govern. Subject to the provisions of Section 6.2(b), Neither shall the General Partner, acting in its capacity as General Partner, shall not Partners have any authority to do any of the authority, following acts without the Consent of the Special Limited Partner:

Appears in 1 contract

Samples: Boston Capital Tax Credit Fund Iv Lp

Restrictions on Authority. (a) Notwithstanding any other Section of this Agreement, the General Partner Partners shall have no authority to perform any act in violation of the Act, any other applicable law, Agency law or other government regulations, the requirements of any Lender, or the Project Documents. In the event of any conflict between the terms of this Agreement and any applicable Regulations government regulations or requirements of any Lender, the terms of such Regulations regulations or the requirements of such Lender, as the case may be, shall govern. Subject to the provisions of Section 6.2(b), Neither shall the General Partner, acting in its capacity as General Partner, shall not Partners have any authority to do any of the authority, following acts without the Consent of the Investment Limited Partner and the prior written consent of the Special Limited Partner:

Appears in 1 contract

Samples: Consent and Agreement (Boston Capital Tax Credit Fund Iv Lp)

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