General Partners Contributions and Loans. ..22 Section 6.1 Capital Contribution of General Partner............22 Section 6.2
General Partners Contributions and Loans. Section 6.1 Capital Contribution of General Partner. The General Partner has made a Capital Contribution equal to $200.
General Partners Contributions and Loans. Section 6.1 Capital Contribution of General Partner. The General Partner has earned an Interest in the Partnership for services rendered including but not limited to services in locating, negotiating and closing on the purchase of the real property upon which the Improvements are, or will be, erected, for services in forming the Partnership, locating and approving the Limited Partner and the Special Limited Partner as the investors in the Partnership, negotiating and finalizing this Partnership Agreement and for such other services referenced in Treasury Regulation Section 1.709-2(B).
General Partners Contributions and Loans. ..17 Section 6.1 Capital Contribution of General Partner..................17 Section 6.2 Construction Obligations.................................18 Section 6.3 Operating Obligations....................................18 Section 6.4 Other General Partner Loans..............................19 ARTICLE VII. CAPITAL CONTRIBUTIONS OF LIMITED PARTNER AND SPECIAL LIMITED PARTNER.......................................................................19 Section 7.1 Original Limited Partner.................................19 Section 7.2 Capital Contribution of Limited Partner and Special Limited Partner..........................................20 Section 7.3 Repurchase of Limited Partner's and Special Limited Partner's Interests......................................23 Section 7.4 Adjustment of Capital Contributions......................24 Section 7.5 Return of Capital Contribution...........................27 Section 7.6 Liability of Limited Partner and Special Limited Partner.27
General Partners Contributions and Loans. ..17 Section 6.1 Capital Contribution of General Partner............17 Section 6.2 Rehabilitation Obligations.........................17 Section 6.3 Operating Obligations..............................18 Section 6.4 Other General Partner Loans........................18
General Partners Contributions and Loans. ..18 Section 6.1 General Partner's Initial Capital Account and Limited Deficit Restoration Obligation.........18 Section 6.2
General Partners Contributions and Loans. Section 6.1. General Partner's Initial Capital Account and Limited Deficit Restoration Obligation. General Partner has been a Partner of the Partnership since its formation and consequently has a positive or negative Capital Account based its capital contributions, distributions and allocations of Partnership income, loss, deduction, expense and credits since the Partnership's formation. Simultaneously with the admission of the Limited Partner and Special Limited Partner, the parties to this Agreement desire to adjust the General Partner's Capital Account, such that in the event the General Partner has a positive Capital Account, to provide proportionate future allocations or alternatively, in the event the General Partner has a negative Capital Account, to avoid a causing the General Partner to realize taxable income upon the consummation of the Mortgage Loan. In addition, in accordance with Section 10.3(r), the parties have agreed to increase the Capital Account of the General Partner by the Book-Up Amount. The parties agree as follows:
General Partners Contributions and Loans. 19 Section 6.1 Capital Contribution of General Partner 19 Section 6.2 Construction Obligations. 19 Section 6.3 Operating Obligations. 20 Section 6.4 Other General Partner Loans. 20
General Partners Contributions and Loans. Section 6.1 Capital Contribution of Managing General Partner and General Partner. The Managing General Partner and the General Partner shall make a Capital Contribution in an amount required by the Mortgage lender.
General Partners Contributions and Loans
