Examples of BCTC 94 in a sentence
The Partnership shall establish a Reserve Fund for Replacements with respect to the Apartment Complex, as required by the Lender and BCTC 94, Inc.
The Partnership shall establish the Tenant Transition Fund as a separate, interest bearing account with a financial institution acceptable to the Lender and BCTC 94, Inc.
Upon the execution of this Amended and Restated Agreement of Limited Partnership by the parties hereto, the General Partner shall take all necessary action required by law to perfect and maintain the Partnership as a limited partnership under the laws of the State; and to effectuate the admission of the Investment Partnership, the Class A Limited Partner and BCTC 94, Inc.
Funds in the Tenant Transition Fund are intended to be employed solely for the payment of Operating Deficits (including, without limitation, debt service, taxes and insurance), unless otherwise released from escrow by the Lender with the Consent of BCTC 94, Inc.
Withdrawals from the Tenant Transition Fund shall be made only with the consent, or upon the direction, of the Lender; provided, however, if such consent of the Lender is not required, such withdrawals may be made only with the Consent, or upon the direction, of the General Partner and BCTC 94, Inc.
Upon the execution of this Amended and Restated Agreement of Limited Partnership by the parties hereto, the General Partner shall take all necessary action required by law to perfect and maintain the Partnership as a limited partnership under the laws of the State and to effectuate the admission of the Investment Partnership and BCTC 94, Inc.
Xxxxxxx, who acknowledged that he is the President of BCTC 94, Inc., a Delaware corporation, and that for and on behalf of the said corporation, and as its act and deed she executed the above and foregoing instrument, after first having been duly authorized by said corporation to do so.
Withdrawals from the Supplemental Replacement Reserve shall be made only with the Consent, or upon the direction, of the General Partner, BCTC 94, Inc.
Withdrawals from the Reserve Fund for Replacements shall be made only with the consent, or upon the direction, of the Lender and, if required, HUD; provided, however, if such consent of the Lender is not required, such withdrawals may be made only with the Consent, or upon the direction, of the General Partner and BCTC 94, Inc.
The Operating Deficit Reserve shall remain under joint control of the General Partner and BCTC 94, Inc.