Common use of Certain Payments to the General Partners and Others Clause in Contracts

Certain Payments to the General Partners and Others. (a) The Partnership shall pay to the General Partners a fee (the "Annual Partnership Management Fee") commencing in 1997 for their services in connection with the administration of the day-to-day business of the Partnership in an annual amount equal to $1,819 per annum. The Annual Partnership Management Fee shall be payable from Cash Flow in the manner and priority set forth in Section 10.2(a); provided, however, that if in any fiscal year commencing in 1997, Cash Flow is insufficient to pay the full amount of the Annual Partnership Management Fee, the unpaid portion thereof shall accrue and be payable on a cumulative basis in the first year in which there is sufficient Cash Flow or from the proceeds of a Capital Transaction as provided in Article X.

Appears in 2 contracts

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

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Certain Payments to the General Partners and Others. (a) The Partnership shall pay to the General Partners a fee (the "Annual Partnership Management Fee") commencing in 1997 for their services in connection with the administration of the day-to-day to day business of the Partnership in an annual amount equal to $1,819 1,000 per annum. The Annual Partnership Management Fee for each fiscal year of the Partnership shall be payable from Cash Flow in the manner and priority set forth in Section 10.2(a); provided, however, that if in any fiscal year commencing in with 1997, Cash Flow is insufficient to pay the full amount of the Annual Partnership Management Fee, the unpaid portion thereof shall accrue and be payable on a cumulative basis in the first year in which there is sufficient Cash Flow or from the proceeds of a Capital Transaction as provided in Article X.

Appears in 1 contract

Samples: Boston Capital Tax Credit Fund Iv Lp

Certain Payments to the General Partners and Others. (a) The Partnership shall pay to the General Partners a fee (the "Annual Partnership Management Fee") commencing in 1997 for their services in connection with the administration of the day-to-day business of the Partnership in an annual amount equal to $1,819 1,187 per annum. The Annual Partnership Asset Management Fee shall be payable from Cash Flow in the manner and priority set forth in Section 10.2(a); provided, however, that if in any fiscal year commencing in with 1997, Cash Flow is insufficient to pay the full amount of the Annual Partnership Asset Management Fee, the unpaid portion thereof shall accrue and be payable on a cumulative basis in the first year in which there is sufficient Cash Flow or from the proceeds of a Capital Transaction as provided in Article X.

Appears in 1 contract

Samples: Boston Capital Tax Credit Fund Iv Lp

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Certain Payments to the General Partners and Others. (a) The Partnership shall pay to the General Partners a non-cumulative fee (the "Annual Partnership Management Fee") commencing in 1997 for their services in connection with the administration of the day-to-day to day business of the Partnership in an the annual amount equal to of $1,819 per annum1,670. The Annual Partnership Management Fee for each fiscal year of the Partnership shall be payable from Cash Flow in the manner and priority set forth in Section 10.2(a); provided, however, that if in any fiscal year commencing in with 1997, Cash Flow is insufficient to pay the full amount of the Annual Partnership Management Fee, the unpaid portion thereof shall accrue and be payable on a cumulative basis in the first year in which there is sufficient Cash Flow or from the proceeds of a Capital Transaction as provided in Article X.

Appears in 1 contract

Samples: Boston Capital Tax Credit Fund Iv Lp

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