Debt Service Coverage. The Mortgage funds shall be used to retire the Construction Loan and if there are any funds remaining the Mortgage funds shall be used to retire any outstanding hard construction costs including labor and materials.
Appears in 11 contracts
Samples: Certification and Agreement (WNC Housing Tax Credit Fund Vi Lp Series 7), Certification and Agreement (WNC Housing Tax Credit Fund Vi Lp Series 8), Development Fee Agreement (WNC Housing Tax Credit Fund Vi Lp Series 6)