Substitution of Assignee as Limited Partner or Special Limited Partner. (a) An Assignee shall not have the right to become a Substitute Limited Partner or Substitute Special Limited Partner in place of his assignor unless the written consent of the General Partner to such substitution shall have been obtained, which consent, in the General Partner's absolute discretion, may be withheld; except that an Assignee which is an Affiliate of the Limited Partner or Special Limited Partner, or U.S. Bank or its successors, may become a Substitute Limited Partner or Substitute Special Limited Partner without the consent of the General Partner.
Appears in 2 contracts
Samples: Amended and Restated Agreement (WNC Housing Tax Credit Fund Vi Lp Series 11), Certification and Agreement (WNC Housing Tax Credit Fund VI, L.P., Series 13)
Substitution of Assignee as Limited Partner or Special Limited Partner. (a) An Assignee shall not have the right to become a Substitute Limited Partner or Substitute Special Limited Partner in place of his assignor unless the written consent of the General Partner to such substitution shall have been obtained, which consent, in the General Partner's absolute discretion, may be withheld; except that an Assignee which is an Affiliate of the Limited Partner or Special Limited Partner, or U.S. Bank USbank or its successors, may become a Substitute Limited Partner or Substitute Special Limited Partner without the consent of the General Partner.
Appears in 2 contracts
Samples: Development Fee Agreement (WNC Housing Tax Credit Fund Vi Lp Series 9), Certification and Agreement (WNC Housing Tax Credit Fund Vi Lp Series 10)
Substitution of Assignee as Limited Partner or Special Limited Partner. (a) An Assignee shall not have the right to become a Substitute Limited Partner or Substitute substitute Special Limited Partner in place of his assignor unless the written consent of the General Partner to such substitution shall have been obtained, which consent, in the General Partner's absolute discretion, may be withheld; except that an Assignee which is an Affiliate of the Limited Partner or Special Limited Partner, or U.S. Bank Usbank or its successors, may become a Substitute Limited Partner or Substitute Special Limited Partner without the consent of the General Partner.
Appears in 1 contract
Samples: Development Fee Agreement (WNC Housing Tax Credit Fund Vi Lp Series 7)
Substitution of Assignee as Limited Partner or Special Limited Partner. (a) An Assignee shall not have the right to become a Substitute Limited Partner or Substitute substitute Special Limited Partner in place of his assignor unless the written consent of the General Partner to such substitution shall have been obtained, which consent, in the General Partner's absolute discretion, may be withheld; except that an Assignee which is an Affiliate of the Limited Partner or Special Limited Partner, or U.S. Bank or its successors, may become a Substitute Limited Partner or Substitute Special Limited Partner without the consent of the General Partner.
Appears in 1 contract
Samples: Certification and Agreement (WNC Housing Tax Credit Fund v Lp Series 4)
Substitution of Assignee as Limited Partner or Special Limited Partner. (a) An Assignee shall not have the right to become a Substitute Limited Partner or Substitute Special Limited Partner in place of his assignor unless the written consent of the General Partner to such substitution shall have been obtained, which consent, in the General Partner's absolute discretion, may be withheld; except that an Assignee which is an Affiliate of the Limited Partner or Special Limited Partner, or U.S. Southern California Bank or its successors, may become a Substitute Limited Partner or Substitute Special Limited Partner without the consent of the General Partner.
Appears in 1 contract
Samples: Certification and Agreement (WNC Housing Tax Credit Fund Vi Lp Series 7)
Substitution of Assignee as Limited Partner or Special Limited Partner. (a) An Assignee shall not have the right to become a Substitute Limited Partner or Substitute substitute Special Limited Partner in place of his assignor unless the written consent of the General Partner to such substitution shall have been obtained, which consent, in the General Partner's absolute discretion, may be withheld; except that an Assignee which is an Affiliate of the Limited Partner or Special Limited Partner, or U.S. Bank USbank or its successors, may become a Substitute Limited Partner or Substitute Special Limited Partner without the consent of the General Partner), but otherwise subject to the terms and conditions of this Agreement and related documents.
Appears in 1 contract
Samples: Certification and Agreement (WNC Housing Tax Credit Fund Vi Lp Series 8)