Option to Acquire. After expiration of the Compliance Period, the General Partner may give notice (the "GP Notice") to the Limited Partner that it desires to purchase the entire Interest of each of the Limited Partner and the Special Limited Partner in the Partnership. Upon receipt by the Limited Partner and the Special Limited Partner, the following events shall occur:
Appears in 11 contracts
Samples: Development Fee Agreement (WNC Housing Tax Credit Fund Vi Lp Series 9), Development Fee Agreement (WNC Housing Tax Credit Fund Vi Lp Series 7), Certification and Agreement (WNC Housing Tax Credit Fund Vi Lp Series 12)
Option to Acquire. After At any time after expiration of the Compliance Period, the General Partner may give notice (the "GP Notice") to the Limited Partner that it desires to purchase the entire Interest of each of the Limited Partner and the Special Limited Partner in the Partnership. Upon receipt by the Limited Partner and the Special Limited Partner, the following events shall occur:
Appears in 2 contracts
Samples: Development Fee Agreement (WNC Housing Tax Credit Fund Vi Lp Series 11), Certification and Agreement (WNC Housing Tax Credit Fund Vi Lp Series 12)
Option to Acquire. After expiration of the 15th year of the Compliance Period, the General Partner may give notice (the "GP Notice") to the Limited Partner that it desires to purchase the entire Interest of each of the Limited Partner and the Special Limited Partner in the Partnership. Upon receipt by the Limited Partner and the Special Limited Partner, the following events shall occur:
Appears in 1 contract
Samples: Development Fee Agreement (WNC Housing Tax Credit Fund Vi Lp Series 12)
Option to Acquire. After expiration of the Compliance Period, the General Partner Partners may give notice (the "“GP Notice"”) to the Limited Partner that it one or more of the General Partners desires to purchase the entire Interest of each of the Limited Partner and the Special Limited Partner in the PartnershipPartnership (the “Purchase Option”). Upon receipt by the Limited Partner Partner’s and the Special Limited Partner’s receipt of the GP Notice, the following events shall occur:
Appears in 1 contract
Samples: Guaranty Agreement
