Operating Deficits. Subject to the prior written consent of each FmHA (if such consent shall be required under applicable FmHA regulations), the General Partners shall be obligated from the later to occur of (i) Permanent Mortgage Commencement or (ii) the Admission Date to advance funds to meet operating expenses and debt service of the Partnership which exceed operating income available for the payment thereof. For purposes of this Section 6.10, "
Appears in 3 contracts
Sources: Limited Partnership Agreement (Boston Capital Tax Credit Fund Iv Lp), Limited Partnership Agreement (Boston Capital Tax Credit Fund Iv Lp), Limited Partnership Agreement (Boston Capital Tax Credit Fund Iv Lp)