Representations Warranties and Covenants Duties and Obligations. 15 4.01 Representations, Warranties and Covenants Relating to the Apartment Complex and the Partnership 15 4.02 Duties and Obligations Relating to the Apartment Complex and the Partnership 18 ARTICLE V PARTNERS, PARTNERSHIP INTERESTS AND OBLIGATIONS OF THE PARTNERSHIP 20 5.01 Partners, Capital Contributions and Partnership Interests 20 5.02 Return of Capital Contribution 23 5.03 Withholding of Capital Contribution Upon Default 23 5.04 Legal Opinions 24 5.05 Repurchase Obligation 24 ARTICLE VI CHANGES IN PARTNERS 25 6.01 Withdrawal of a General Partner 25 6.02 Admission of a Successor or Additional General Partner 25 6.03 Effect of Bankruptcy, Death, Withdrawal, Dissolution or Incompetence of a General Partner 26 ARTICLE VII ASSIGNMENT TO THE PARTNERSHIP 27 7.01 Assignment of Contracts, etc. 27 ARTICLE VIII RIGHTS, OBLIGATIONS AND POWERS OF THE GENERAL PARTNER 27 8.01 Management of the Partnership 27 8.02 Limitations Upon the Authority of the General Partner 28 8.03 Management Purposes 29 8.04 Delegation of Authority 30 8.05 General Partner or Affiliates Dealing with Partnership 30 8.06 Other Activities 30 8.07 Liability for Acts and Omissions 30 8.08 [Intentionally Omitted] 31 8.09 Rehabilitation of the Apartment Complex, Construction Cost Overruns, Operating Deficits 31 8.10 Development Fee 32 8.11 Incentive Partnership Management Fee 32 8.11.1 Asset Management Fee 33 8.12 Withholding of Fee Payments 33 8.13 Removal of the General Partner 33 8.14 Selection of Management Agent 35 8.15 [Intentionally Omitted] 35 8.16 [Intentionally Omitted] 35 8.17 Subordinated Loans to the Partnership 35 8.18 Reserve Fund for Replacements; Tenant Transition Fund 36 ARTICLE IX TRANSFERS OF, AND RESTRICTIONS ON TRANSFERS OF INTERESTS OF LIMITED PARTNERS 37 9.01 Purchase for Investment 37 9.02 Restrictions on Transfer of Limited Partner's Interests 37 9.03 Admission of Substitute Limited Partners 38 9.04 Rights of Assignee of Partnership Interest 39 ARTICLE X RIGHTS AND OBLIGATIONS OF LIMITED PARTNERS 10.01 Management of the Partnership 39 10.02 Limitation on Liability of Limited Partners 39 10.03 Other Activities 39 10.04 Ownership by Limited Partner of Corporate General Partners or Affiliate 40 ARTICLE XI ALLOCATION OF TAXABLE INCOME, TAX LOSSES, TAX CREDITS AND CASH DISTRIBUTIONS 40 11.01 Allocation of Taxable Income, Tax Losses and Tax Credits 40 11.02 Allocation of Taxable Income and Tax Losses from Capital Transactions 41 11.03 Distribution of Cash Flow 41 11.04 Distrib...
Representations Warranties and Covenants Duties and Obligations. 20 4.1 Representations, Warranties and Covenants Relating to the Property and the Company 20 4.2 Duties and Obligations Relating to the Property and the Company 25 ARTICLE 5 MEMBERS, COMPANY INTERESTS AND OBLIGATIONS OF THE COMPANY 29 5.1 Members, Managing Member, Capital Contributions and Company Interests 29 5.2 Managing Member Capital Contributions 29 5.3 Investor Member Capital Contributions, Capital Contribution Adjustments and Recapture Event 30 5.4 Matters Related to Capital Contributions 31 5.5 Intentionally Omitted 32 ARTICLE 6 CHANGES IN MANAGING MEMBER 32
Representations Warranties and Covenants Duties and Obligations. 5.01 Representations, Warranties and Covenants Relating to the Apartment Complex and the Company 5.02 Duties and Obligations Relating to the Apartment Complex and the Company
Representations Warranties and Covenants Duties and Obligations. 4.01. Representations, Warranties & Covenants Relating to the Apartment Complex and the Partnership 16 4.02. Duties and Obligations Relating to the Apartment Complex and the Partnership 19 ARTICLE V PARTNERS, PARTNERSHIP INTERESTS AND OBLIGATIONS OF THE PARTNERSHIP 5.01. Partners, Capital Contributions and Partnership Interests 22 5.02. Return of Capital Contribution 25 5.03. Withholding of Capital Contributions Upon Default 25 5.04. Legal Opinions 26 5.05. Repurchase Obligation 27 5.06. Asset Management Fee 28 ARTICLE VI CHANGES IN PARTNERS 6.01. Withdrawal of a General Partner 29 6.02. Admission of a Successor or Additional General Partners 29 6.03. Effect of Bankruptcy, Death, Withdrawal, Dissolution or Incompetence of a General Partner 30 ARTICLE VII ASSIGNMENT TO THE PARTNERSHIP 32
Representations Warranties and Covenants Duties and Obligations. 16 4.01. Representations, Warranties and Covenants Relating to the Apartment Complex and the Partnership 16 4.02. Duties and Obligations Relating to the Apartment Complex and the Partnership 21 ARTICLE V. 24 PARTNERS, PARTNERSHIP INTERESTS AND OBLIGATIONS OF THE PARTNERSHIP 24 5.01. Partners, Capital Contributions and Partnership Interests 22 5.02. Return of Capital Contribution 22 5.03. Withholding of Capital Contributions Upon Default 23 5.04. Legal Opinions 30 5.05. Repurchase Obligation 32 5.06. Asset Management Fee 33 5.07. BCTC IV Loan 33 5.08. Default by Investment Partnership in Making Capital Contributions. 33
Representations Warranties and Covenants Duties and Obligations. 4.01. Representations, Warranties & Covenants Relating to the Apartment Complex and the Partnership 4.02. Duties and Obligations Relating to the Apartment Complex and the Partnership ARTICLE V PARTNERS, PARTNERSHIP INTERESTS AND OBLIGATIONS OF THE PARTNERSHIP
Representations Warranties and Covenants Duties and Obligations
