Security Interest and Right of Set-Off. As security for the performance of the respective obligations to which any Partner may be subject under this Agreement, the Partnership shall have (and each Partner hereby grants to the Partnership) a security interest in all funds distributable to said Partner to the extent of the amount of such obligation.
Appears in 21 contracts
Samples: Certification and Agreement (WNC Housing Tax Credit Fund Vi Lp Series 6), Agreement (WNC Housing Tax Credit Fund Vi Lp Series 5), Certification and Agreement (WNC Housing Tax Credit Fund Vi Lp Series 5)
Security Interest and Right of Set-Off. As security for the performance of the respective obligations to which any Partner may be subject under this Agreement, the Partnership shall have (and each Partner hereby grants to the Partnership) a security interest in their respective Interests of such Partner in all funds distributable to said Partner to the extent of the amount of such obligation.
Appears in 16 contracts
Samples: Agreement (WNC Housing Tax Credit Fund Vi Lp Series 9), Certification and Agreement (WNC Housing Tax Credit Fund Vi Lp Series 10), Certification and Agreement (WNC Housing Tax Credit Fund Vi Lp Series 7)
Security Interest and Right of Set-Off. As security for the performance of the respective obligations to which any Partner may be subject under this Agreement, the Partnership shall have (and each Partner hereby grants to the Partnership) a security interest in their respective Interests of such Partner and in all funds distributable to said Partner to the extent of the amount of such obligation.
Appears in 5 contracts
Samples: Certification and Agreement (WNC Housing Tax Credit Fund Vi Lp Series 11), Certification and Agreement (WNC Housing Tax Credit Fund Vi Lp Series 11), Development Fee Agreement (WNC Housing Tax Credit Fund Vi Lp Series 9)
Security Interest and Right of Set-Off. As security for the performance of the respective obligations to which any Partner may be subject under this Agreement, the Partnership shall have (and each Partner hereby grants to the Partnership) a security interest in their respective Interests of such Partner and in all funds distributable to said Partner to the extent of the amount of such obligation.. [Signatures begin on the following page]
Appears in 5 contracts
Samples: Development Fee Agreement (WNC Housing Tax Credit Fund Vi Lp Series 9), Development Fee Agreement (WNC Housing Tax Credit Fund Vi Lp Series 9), Development Fee Agreement (WNC Housing Tax Credit Fund Vi Lp Series 9)
Security Interest and Right of Set-Off. As security for the performance of the respective obligations to which any General Partner may be subject under this Agreement, the Partnership shall have (and each General Partner hereby grants to the Partnership) a security interest in their respective Interests of such General Partner and in all funds distributable to said General Partner to the extent of the amount of such obligation.
Appears in 5 contracts
Samples: Certification and Agreement (WNC Housing Tax Credit Fund Vi Lp Series 12), Certification and Agreement (WNC Housing Tax Credit Fund Vi Lp Series 12), Certification and Agreement (WNC Housing Tax Credit Fund VI, L.P., Series 13)
Security Interest and Right of Set-Off. As security for the performance of the respective obligations to which any General Partner may be subject under this Agreement, the Partnership shall have (and each General Partner hereby grants to the Partnership) a security interest in their respective Interests of such General Partner in all funds distributable to said General Partner to the extent of the amount of such obligation.
Appears in 4 contracts
Samples: Amended and Restated Agreement (WNC Housing Tax Credit Fund Vi Lp Series 12), Certification and Agreement (WNC Housing Tax Credit Fund Vi Lp Series 10), Amended and Restated Agreement (WNC Housing Tax Credit Fund Vi Lp Series 11)
Security Interest and Right of Set-Off. As security for the performance of the respective obligations any withholding tax or other liability or obligation to which any Partner the Partnership may be subject under this Agreementas a result of any act or status of any Limited Partner, or to which the Partnership becomes subject with respect to the Interest of any Limited Partner, the Partnership shall have (and each Limited Partner hereby grants to the Partnership) a security interest in all funds distributable to said Partner to the extent of the amount of such obligation.Cash
Appears in 2 contracts
Samples: WNC Housing Tax Credit Fund Vi Lp Series 5, WNC Housing Tax Credit Fund Vi Lp Series 6
Security Interest and Right of Set-Off. As security for the performance of the respective obligations to which any Partner may be subject under this Agreement, the Partnership shall have (and each Partner hereby grants to the Partnership) a security interest in all funds distributable to said Partner to the extent of the amount of such obligation. Remaining of this page was intentionally left blank.
Appears in 1 contract
Samples: Development Fee Agreement (WNC Housing Tax Credit Fund Vi Lp Series 7)
Security Interest and Right of Set-Off. As security for the performance of the respective obligations to which any Partner may be subject under this Agreement, the Partnership shall have (and each Partner hereby grants to the Partnership) a security interest in all funds distributable to said Partner to the extent of the amount of such obligation.. 66
Appears in 1 contract
Samples: Certification and Agreement (WNC Housing Tax Credit Fund Vi Lp Series 8)
Security Interest and Right of Set-Off. As security for the performance of the respective obligations to which any Partner may be subject under this Agreement, the Partnership shall have (and each Partner hereby grants to the Partnership) a security interest in all funds distributable to said Partner to the extent of the amount of such obligation.. [signatures begin on the following page]
Appears in 1 contract
Samples: Certification and Agreement (WNC Housing Tax Credit Fund Vi Lp Series 8)
