Sincerely,. EXHIBIT F CONTRACTOR'S CERTIFICATE [Contractor's Letterhead] _______________, 200____ WNC Holding, LLC c/o WNC & Associates, Inc. ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ Re: ▇▇▇▇▇▇▇ Meadow Associates, Ltd. Ladies and Gentlemen: The undersigned ▇▇▇▇▇ Construction Company Inc., (hereinafter referred to as "Contractor"), has furnished or has contracted to furnish labor, services and/or materials (hereinafter collectively referred to as the "Work") in connection with the improvement of certain real property known as __________________ located in Glencoe, Etowah County, Alabama (hereinafter known as the "Apartment Housing"). Contractor makes the following representations and warranties regarding Work at the Apartment Housing: o Work on said Apartment Housing has been performed and completed in accordance with the plans and specifications for the Apartment Housing. o Contractor acknowledges that upon the Partnership's receipt of the Limited Partner's completion of construction Capital Contribution payment all amounts owed to contractor pursuant to the contract for Work performed for ▇▇▇▇▇▇▇ Meadow Associates, Ltd. will be paid in full. If not paid in full, then Contractor will defer any amounts owed to it until receipt of the next Capital Contribution payment. o Contractor acknowledges ▇▇▇▇▇▇▇ Meadow Associates, Ltd. is not in violation with terms and conditions of the contractual documents related to the Apartment Housing. o Contractor warrants that all other parties who have supplied Work for improvement of the Apartment Housing have been paid in full. o Contractor acknowledges that the contract has been paid in full and releases any lien or right to lien against the above property. The undersigned has personal knowledge of the matters stated herein and is authorized and fully qualified to execute this document on behalf of the Contractor. [COMPANY NAME] By: _____________________________ Name: ____________________ Title: ____________________ EXHIBIT G DEPRECIATION SCHEDULE Real Property: Use Modified Accelerated Cost Recovery System ("MACRS") 27.5 year straight-line depreciation using the mid-month. Real property includes buildings and building improvements.
Appears in 1 contract
Sources: Limited Partnership Agreement (WNC Housing Tax Credit Fund Vi Lp Series 10)
Sincerely,. EXHIBIT F TO THE PARTNERSHIP AGREEMENT [CONTRACTOR'S CERTIFICATE CERTIFICATE] [Contractor's Letterhead] _______________, 200____ WNC Holding, LLC [[WNCs_Partnership_Name]] c/o WNC & Associates, Inc. ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ Re: ▇▇▇▇▇▇▇ Meadow Associates, Ltd. ▇▇▇▇▇ Re:[[PshipPartnership]] Dear Ladies and Gentlemen: The undersigned ▇▇▇▇▇ Construction Company Inc.[[General_Contractor_Company_Name]], (hereinafter referred to as "Contractor"), has furnished or has contracted to furnish labor, services and/or materials (hereinafter collectively referred to as the "Work") in connection with the improvement of certain real property known as __________________ located in Glencoe[[Apart_City]], Etowah [[Apart_County]] County, Alabama [[Apart_State]] (hereinafter known as the "Apartment Housing"). Contractor makes the following representations and warranties regarding Work at the Apartment Housing: . o Work on said Apartment Housing has been performed and completed in accordance with the plans and specifications for the Apartment Housing. o Contractor acknowledges that upon the Partnership's receipt of the Limited Partner's completion of construction Capital Contribution payment all amounts owed to contractor pursuant to the contract for Work performed for ▇▇▇▇▇▇▇ Meadow Associates, Ltd. will be [[PshipPartnership]] is paid in full. If not paid in full, then Contractor will defer any amounts owed to it until receipt of the next Capital Contribution payment. o Contractor acknowledges ▇▇▇▇▇▇▇ Meadow Associates, Ltd. that [[PshipPartnership]] is not in violation with terms and conditions of the contractual documents related to the Apartment Housing. o Contractor warrants that all other parties who have supplied Work for improvement of the Apartment Housing have been paid in full. o Contractor acknowledges that the contract has been to be paid in full and releases any lien or right to lien against the above property. The undersigned has personal knowledge of the matters stated herein and is authorized and fully qualified to execute this document on behalf of the Contractor. [COMPANY NAME] (NAME OF COMPANY) By: :_________________________________________ Name: Title:____________________ Title: _____________________ EXHIBIT G TO THE PARTNERSHIP AGREEMENT DEPRECIATION SCHEDULE Real Property: Use Modified Accelerated Cost Recovery System ("MACRS") 27.5 year straight-line depreciation using the midmid month convention or use MACRS AlternativeDepreciation System ("ADS") 40 year straight-monthline depreciation if required pursuant to the Agreement. Real property Property includes buildings and building improvements.. Personal property: Use 5-year recovery period using mid-year 200% declining balance, if it relates to residential real estate or use MACRS Alternative Depreciation System ("ADS") 12 year straight-line depreciation if required pursuant to the Agreement. Personal property related to commercial space must use a 7-year recovery period using mid year 200% declining balance. The following costs have a 5-year recovery period: o Removable appliances (not central climate control system equipment or water heaters) o Draperies, blinds and shades, if they would be reusable if removed o Carpeting, if its removal would not destroy the underlying floor o Vinyl flooring, if its removal would be easy and not destroy the underlying floor o Common area furnishings o Photocopy equipment o Calculators, adding machines o Typewriters o Computers o Wall coverings, if their removal would not destroy the underlying wall o Exit signs o Security systems (not fire protection system, sprinkler system, smoke detectors, or fire escapes) o Outdoor security lighting (not parking lot lighting) o Fire extinguishers o Decorative lighting and sconces (not light fixtures for central lighting) o Outdoor decorative lighting, such as that lighting signs o Telephone systems o Corridor handrails (not bathroom or stairway) o Raised floors to accommodate wirings in computer rooms The following costs have a 7-year recovery period with a mid year 200% declining balance: o Office furnishings o Cabinets and shelving o Bulletin boards o Conference or meeting room movable partitions A percentage of the development fee is also allowed in personal property. The percentage is calculated by taking the ratio of personal property cost, excluding development fee, to total development costs and multiplying the development fee by the calculated ratio. Land improvements Cost Recovery - Use 15-year recovery period using mid-year 150% declining balance or use MACRS Alternative Depreciation System ("ADS") 20 year straight-line depreciation if required pursuant to the Agreement. The following costs have a 15-year recovery period. Items allowed in this section are costs attributable to excavation, grading, and removing soil necessary to the proper setting of buildings. Other costs allowable in this section are as follows: o Roads and sidewalks o Concrete work (curb and gutter) o Fencing o Landscaping (including, but not limited to, trees and shrubs) around the building which would be destroyed if the building were replaced o Decorative walls which are part of the landscaping o Parking lot (resurfacing it later is deducted as an expense) o Initial parking lot striping (restriping it later is deducted as an expense) o Street lights and signs o Signs which identify the property or provide directions o Parking lot lighting (not outdoor security lighting) o Playground equipment o Basketball court and backboard o Tennis courts o Swimming pools o Jogging trails o Flag pole o Wastewater treatment plant and lift station to handle raw sewage o Interest expense capitalized and related to any of the above costs o The prorata portion of the general contractor/construction company profit, overhead, and general requirements and conditions allocable to items with a 15-year cost recovery period o The prorata portion of the developer fee, profit and overhead allocable to items with a 15-year cost recovery period Recovery of costs of sanitary sewer system and water utility/distribution system, including the sewer system outside the buildings - the following costs have a 20-year recovery period - 150% declining balance mid-year convention. o Fire hydrants o Manhole rings and covers o Watermeter o Gate valves o Flushing hydrants o Cast iron fittings o Valve boxes o Air release valves o Tapping sleeves o PVC water pipe (outside) o PVC sewer pipe (outside) o PVC sewer fittings EXHIBIT H TO THE PARTNERSHIP AGREEMENT REPORT OF OPERATIONS QUARTER ENDED: ____________________, 200__ ------------------------------------- ----------------------------------- LOCAL PARTNERSHIP: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- GENERAL PARTNER: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- FIRM NAME: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- ADDRESS: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- CITY, STATE, ZIP: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- PHONE: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- PROPERTY NAME: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- ADDRESS: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- CITY, STATE, ZIP: ----------------------------------- ------------------------------------- ----------------------------------- RESIDENT MANAGER: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- PHONE: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- ACCOUNTANT: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- FIRM: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- ADDRESS: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- CITY, STATE, ZIP: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- PHONE: ------------------------------------- ----------------------------------- ------------------------------------ ----------------------------------- MANAGEMENT COMPANY ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- ADDRESS: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- CITY, STATE, ZIP: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- PHONE: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- CONTACT: ------------------------------------- ----------------------------------- -------------------------------------------------------------------------------
Appears in 1 contract
Sources: Limited Partnership Agreement (WNC Housing Tax Credit Fund Vi Lp Series 9)
Sincerely,. EXHIBIT F TO THE PARTNERSHIP AGREEMENT [CONTRACTOR'S CERTIFICATE CERTIFICATE] [Contractor's Letterhead] _______________, 200____ WNC Holding, LLC c/o WNC & Associates, Inc. ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ Re: ▇▇▇▇ ▇▇▇▇ Meadow Associates, Ltd. ▇▇▇▇ Limited Partnership Dear Ladies and Gentlemen: The undersigned ▇▇▇▇▇ Construction Company Developers & Associates, Inc., (hereinafter referred to as "Contractor"), has furnished or has contracted to furnish labor, services and/or materials (hereinafter collectively referred to as the "Work") in connection with the improvement of certain real property known as __________________ located in Glencoe▇▇▇▇▇▇▇▇▇▇, Etowah ▇▇▇▇ County, Alabama South Dakota (hereinafter known as the "Apartment Housing"). Contractor makes the following representations and warranties regarding Work at the Apartment Housing: . o Work on said Apartment Housing has been performed and completed in accordance with the plans and specifications for the Apartment Housing. o Contractor acknowledges that upon the Partnership's receipt of the Limited Partner's completion of construction Capital Contribution payment all amounts owed to contractor pursuant to the contract for Work performed for ▇▇▇▇ ▇▇▇▇ Meadow Associates, Ltd. will be ▇▇▇▇ Limited Partnership is paid in full. If not paid in full, then Contractor will defer any amounts owed to it until receipt of the next Capital Contribution payment. o Contractor acknowledges that ▇▇▇▇ ▇▇▇▇ Meadow Associates, Ltd. ▇▇▇▇ Limited Partnership is not in violation with terms and conditions of the contractual documents related to the Apartment Housing. o Contractor warrants that all other parties who have supplied Work for improvement of the Apartment Housing have been paid in full. o Contractor acknowledges that the contract has been to be paid in full and releases any lien or right to lien against the above property. The undersigned has personal knowledge of the matters stated herein and is authorized and fully qualified to execute this document on behalf of the Contractor. [COMPANY NAME] (NAME OF COMPANY) By: :______________________________________ Name: Title:____________________ Title: ____________________ EXHIBIT G TO THE PARTNERSHIP DEPRECIATION SCHEDULE Real Property: Use Modified Accelerated Cost Recovery System ("MACRS") 27.5 year straight-line depreciation using the midmid month convention or use MACRS Alternative Depreciation System ("ADS") 40 year straight-monthline depreciation if required pursuant to the Agreement. Real property Property includes buildings and building improvements.. Personal property: Use 5-year recovery period using mid-year 200% declining balance, if it relates to residential real estate or use MACRS Alternative Depreciation System ("ADS") 12 year straight-line depreciation if required pursuant to the Agreement. Personal property related to commercial space must use a 7-year recovery period using mid year 200% declining balance. The following costs have a 5-year recovery period: o Removable appliances (not central climate control system equipment or water heaters) o Draperies, blinds and shades, if they would be reusable if removed o Carpeting, if its removal would not destroy the underlying floor o Vinyl flooring, if its removal would be easy and not destroy the underlying floor o Common area furnishings o Photocopy equipment o Calculators, adding machines o Typewriters o Computers o Wall coverings, if their removal would not destroy the underlying wall o Exit signs o Security systems (not fire protection system, sprinkler system, smoke detectors, or fire escapes) o Outdoor security lighting (not parking lot lighting) o Fire extinguishers o Decorative lighting and sconces (not light fixtures for central lighting) o Outdoor decorative lighting, such as that lighting signs o Telephone systems o Corridor handrails (not bathroom or stairway) o Raised floors to accommodate wirings in computer rooms The following costs have a 7-year recovery period with a mid year 200% declining balance: o Office furnishings o Cabinets and shelving o Bulletin boards o Conference or meeting room movable partitions A percentage of the development fee is also allowed in personal property. The percentage is calculated by taking the ratio of personal property cost, excluding development fee, to total development costs and multiplying the development fee by the calculated ratio. Land improvements Cost Recovery - Use 15-year recovery period using mid-year 150% declining balance or use MACRS Alternative Depreciation System ("ADS") 20 year straight-line depreciation if required pursuant to the Agreement. The following costs have a 15-year recovery period. Items allowed in this section are costs attributable to excavation, grading, and removing soil necessary to the proper setting of buildings. Other costs allowable in this section are as follows: o Roads and sidewalks o Concrete work (curb and gutter) o Fencing o Landscaping (including, but not limited to, trees and shrubs) around the building which would be destroyed if the building were replaced o Decorative walls which are part of the landscaping o Parking lot (resurfacing it later is deducted as an expense) o Initial parking lot striping (restriping it later is deducted as an expense) o Street lights and signs o Signs which identify the property or provide directions o Parking lot lighting (not outdoor security lighting) o Playground equipment o Basketball court and backboard o Tennis courts o Swimming pools o Jogging trails o Flag pole o Wastewater treatment plant and lift station to handle raw sewage o Interest expense capitalized and related to any of the above costs o The prorata portion of the general contractor/construction company profit, overhead, and general requirements and conditions allocable to items with a 15-year cost recovery period o The prorata portion of the developer fee, profit and overhead allocable to items with a 15-year cost recovery period Recovery of costs of sanitary sewer system and water utility/distribution system, including the sewer system outside the buildings - the following costs have a 20-year recovery period - 150% declining balance mid-year convention. o Fire hydrants o Manhole rings and covers o Watermeter o Gate valves o Flushing hydrants o Cast iron fittings o Valve boxes o Air release valves o Tapping sleeves o PVC water pipe (outside) o PVC sewer pipe (outside) o PVC sewer fittings EXHIBIT H TO THE PARTNERSHIP AGREEMENT REPORT OF OPERATIONS QUARTER ENDED: ____________________, 200X ------------------------------------- ----------------------------------- LOCAL PARTNERSHIP: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- GENERAL PARTNER: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- FIRM NAME: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- ADDRESS: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- CITY, STATE, ZIP: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- PHONE: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- PROPERTY NAME: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- ADDRESS: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- CITY, STATE, ZIP: ----------------------------------- ------------------------------------- ----------------------------------- RESIDENT MANAGER: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- PHONE: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- ACCOUNTANT: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- FIRM: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- ADDRESS: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- CITY, STATE, ZIP: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- PHONE: ------------------------------------- ----------------------------------- ------------------------------------ ----------------------------------- MANAGEMENT COMPANY ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- ADDRESS: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- CITY, STATE, ZIP: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- PHONE: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- CONTACT: ------------------------------------- ----------------------------------- -------------------------------------------------------------------------------
Appears in 1 contract
Sources: Limited Partnership Agreement (WNC Housing Tax Credit Fund Vi Lp Series 9)
Sincerely,. EXHIBIT F TO THE PARTNERSHIP AGREEMENT [CONTRACTOR'S CERTIFICATE CERTIFICATE] [Contractor's LetterheadCONTRACTOR'S LETTERHEAD] _______________, 200____ WNC HoldingHousing Tax Credit Fund VI, LLC L.P. Series 11 c/o WNC & Associates, Inc. ▇▇▇▇▇ ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇, ▇ Attn: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇ Re: ▇▇▇▇▇▇▇ Meadow AssociatesFDI-WC 2003, Ltd. LTD. Dear Ladies and Gentlemen: The undersigned ▇▇▇▇▇ Construction Company Inc., ______________________ (hereinafter referred to as "Contractor"), has furnished or has contracted to furnish labor, services and/or materials (hereinafter collectively referred to as the "Work") in connection with the improvement of certain real property known as __________________ Willowchase Apartments located in GlencoeHempstead, Etowah ▇▇▇▇▇▇ County, Alabama Texas (hereinafter known as the "Apartment Housing"). Contractor makes the following representations and warranties regarding Work at the Apartment Housing: . o Work on said Apartment Housing has been performed and completed in accordance with the plans and specifications for the Apartment Housing. o Contractor acknowledges that upon the Partnership's receipt of the Limited Partner's completion of construction Capital Contribution payment all amounts owed to contractor pursuant to the contract for Work performed for ▇▇▇▇▇▇▇ Meadow AssociatesFDI-WC 2003, Ltd. will be LTD. is paid in full. If not paid in full, then Contractor will defer any amounts owed to it until receipt of the next Capital Contribution payment. o Contractor acknowledges ▇▇▇▇▇▇▇ Meadow Associatesthat FDI-WC 2003, Ltd. LTD. is not in violation with terms and conditions of the contractual documents related to the Apartment Housing. o Contractor warrants that all other parties who have supplied Work for improvement of the Apartment Housing have been paid in full. o Contractor acknowledges that the contract has been to be paid in full and releases any lien or right to lien against the above property. The undersigned has personal knowledge of the matters stated herein and is authorized and fully qualified to execute this document on behalf of the Contractor. [COMPANY NAME] (NAME OF COMPANY) By: _____________________________ Name: ____________________ ------------------------------- Title: ____________________ EXHIBIT G DEPRECIATION SCHEDULE Real Property---------------------------- TAX CREDIT COMPLIANCE MONITORING: Use Modified Accelerated Cost Recovery System ("MACRS") 27.5 year straightANNUAL CERTIFICATION As General Partner of FDI-line depreciation using WC 2003, LTD., I hereby certify as to the mid-month. Real property includes buildings and building improvements.following:
Appears in 1 contract
Sources: Limited Partnership Agreement (WNC Housing Tax Credit Fund Vi Lp Series 11)
Sincerely,. EXHIBIT F [CONTRACTOR'S CERTIFICATE CERTIFICATE] [Contractor's Letterhead] _______________, 200____ WNC Holding, LLC c/o WNC & Associates, Inc. ▇▇▇▇▇ ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ Re: ▇▇▇▇▇▇▇ Meadow AssociatesHead Circle, Ltd. L.P. Dear Ladies and Gentlemen: The undersigned ▇▇▇▇▇ Construction Company Southeastern Management Co., Inc., (hereinafter referred to as "Contractor"), has furnished or through various contractors, sub-contractors or material suppliers has contracted to furnish labor, services and/or materials (hereinafter collectively referred to as the "Work") in connection with the improvement of certain real property known as __________________ located in GlencoeRuleville, Etowah Sunflower County, Alabama Mississippi (hereinafter known as the "Apartment Housing"). Any terms not defined herein shall have the meaning ascribed in the Amended and Restated Agreement of Limited Partnership of Head Circle, L.P. Contractor makes the following representations representations, warranties and warranties covenants regarding the Work at the Apartment Housing: Housing with full knowledge that the Limited Partner will rely on these representations, warranties and covenants as a condition to making its Capital Contribution payment to Head Circle, L.P. o Work on said Apartment Housing has been performed and completed in accordance with the plans Plans and specifications Specifications for the Apartment Housing. o Contractor acknowledges that upon the Partnership's receipt of the Limited Partner's completion of construction placed in service Capital Contribution payment payment, all amounts owed to Contractor, sub-contractor pursuant or material suppliers to complete the contract for Work performed for ▇▇▇▇▇▇▇ Meadow Associates, Ltd. will be paid in full. If not paid in full, then Contractor will defer any amounts owed to it until receipt of the next Capital Contribution payment. o Contractor acknowledges ▇▇▇▇▇▇▇ Meadow Associates, Ltd. is not in violation with terms and conditions of the contractual documents related to the Apartment Housing. o Contractor warrants that all other parties who have supplied Work for improvement of the Apartment Housing have been paid in full. o Contractor acknowledges that Head Circle, L.P. is not in violation of any terms and conditions of Construction Contract. o Contractor acknowledges the contract Construction Contract has been paid in full and releases any lien or right to lien against all liens for the above propertyWork have been received. The undersigned has personal knowledge of the matters stated herein and is authorized and fully qualified to execute this document on behalf of the Contractor. [COMPANY NAME] (NAME OF COMPANY) By: ___________________________________ NameTitle: ____________________ Title: ____________________ EXHIBIT G DEPRECIATION SCHEDULE Real Property: Use Modified Accelerated Cost Recovery System ("MACRS") 27.5 year straight-line depreciation using the mid-mid month. Real property Property includes buildings and building improvements.. Personal property: Use 5-year recovery period using mid-year 200% declining balance, if it relates to residential real estate. Personal property related to commercial space must use a 7-year recovery period using mid-year 200% declining balance. The following costs have a 5-year recovery period: o Removable appliances (not central climate control system equipment or water heaters) o Draperies, blinds and shades, if they would be reusable if removed o Carpeting, if its removal would not destroy the underlying floor o Vinyl flooring, if its removal would be easy and not destroy the underlying floor o Common area furnishings o Photocopy equipment o Calculators, adding machines o Typewriters o Computers o Wall coverings, if their removal would not destroy the underlying wall o Exit signs o Security systems (not fire protection system, sprinkler system, smoke detectors, or fire escapes) o Outdoor security lighting (not parking lot lighting) o Fire extinguishers o Decorative lighting and sconces (not light fixtures for central lighting) o Outdoor decorative lighting, such as that lighting signs o Telephone systems o Corridor handrails (not bathroom or stairway) o Raised floors to accommodate wirings in computer rooms The following costs have a 7-year recovery period with a mid year 200% declining balance: o Office furnishings o Cabinets and shelving o Bulletin boards o Conference or meeting room movable partitions A percentage of the development fee is also allowed in personal property. The percentage is calculated by taking the ratio of personal property cost, excluding development fee, to total development costs and multiplying the development fee by the calculated ratio. Land improvements Cost Recovery: Use 15-year recovery period using mid-year 150% declining balance. The following costs have a 15-year recovery period. Items allowed in this section are costs attributable to excavation, grading, and removing soil necessary to the proper setting of buildings. Other costs allowable in this section are as follows: o Roads and sidewalks o Concrete work (curb and gutter) o Fencing o Landscaping (including, but not limited to, trees and shrubs) around the building which would be destroyed if the building were replaced o Decorative walls which are part of the landscaping o Parking lot (resurfacing it later is deducted as an expense) o Initial parking lot striping (restriping it later is deducted as an expense) o Street lights and signs o Signs which identify the property or provide directions o Parking lot lighting (not outdoor security lighting) o Playground equipment o Basketball court and backboard o Tennis courts o Swimming pools o Jogging trails o Flag pole o Wastewater treatment plant and lift station to handle raw sewage o Interest expense capitalized and related to any of the above costs o The prorata portion of the general contractor/construction company profit, overhead, and general requirements and conditions allocable to items with a 15-year cost recovery period o The prorata portion of the development fee, profit and overhead allocable to items with a 15-year cost recovery period Recovery of costs of sanitary sewer system and water utility/distribution system, including the sewer system outside the buildings: the following costs have a 20-year recovery period - 150% declining balance mid-year convention. o Fire hydrants o Manhole rings and covers o Watermeter o Gate valves o Flushing hydrants o Cast iron fittings o Valve boxes o Air release valves o Tapping sleeves o PVC water pipe (outside) o PVC sewer pipe (outside) o PVC sewer fittings EXHIBIT H
Appears in 1 contract
Sources: Limited Partnership Agreement (WNC Housing Tax Credit Fund VI, L.P., Series 13)
Sincerely,. PACKETEER, INC. By: ------------------------------- Name: ----------------------------- Title: ---------------------------- Date: ----------------------------- BANK USE ONLY RECEIVED BY: ---------------------- DATE: ----------------------------- REVIEWED BY: ---------------------- 29 EXHIBIT F CONTRACTOR'S D COMPLIANCE CERTIFICATE [Contractor's Letterhead] _______________, 200____ WNC Holding, LLC c/o WNC & Associates, Inc. TO: SILICON VALLEY BANK 3003 ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Re: ▇▇▇▇▇▇▇ Meadow AssociatesOM: PACKETEER, Ltd. Ladies and Gentlemen: INC. The undersigned ▇▇▇▇▇ Construction Company Inc.authorized officer of PACKETEER, INC. (hereinafter referred to as "ContractorBorrower") certifies that under the terms and conditions of the Export-Import Bank Loan and Security Agreement between Borrower and Bank (the "Agreement"), has furnished or has contracted to furnish labor, services and/or materials (hereinafter collectively referred to as i) Borrower is in complete compliance for the "Work") in connection with the improvement of certain real property known as ___period ending _______________ located in Glencoe, Etowah County, Alabama with all required covenants except as noted below and (hereinafter known as the "Apartment Housing"). Contractor makes the following ii) all representations and warranties regarding Work at in the Apartment Housing: o Work Agreement are true and correct in all material respects on said Apartment Housing has been performed and completed this date. Attached are the required documents supporting the certification. The Responsible Officer certifies that these are prepared in accordance with Generally Accepted Accounting Principles (GAAP) consistently applied from one period to the plans and specifications for the Apartment Housingnext except as explained in an accompanying letter or footnotes. o Contractor The Responsible Officer acknowledges that upon the Partnership's receipt no borrowings may be requested at any time or date of the Limited Partner's completion of construction Capital Contribution payment all amounts owed to contractor pursuant to the contract for Work performed for ▇▇▇▇▇▇▇ Meadow Associates, Ltd. will be paid in full. If not paid in full, then Contractor will defer any amounts owed to it until receipt of the next Capital Contribution payment. o Contractor acknowledges ▇▇▇▇▇▇▇ Meadow Associates, Ltd. determination that Borrower is not in violation compliance with terms and conditions any of the contractual documents related to the Apartment Housing. o Contractor warrants that all other parties who have supplied Work for improvement terms of the Apartment Housing have been paid in fullAgreement, and that compliance is determined not just at the date this certificate is delivered. o Contractor acknowledges that the contract has been paid in full and releases any lien or right to lien against the above propertyPLEASE INDICATE COMPLIANCE STATUS BY CIRCLING YES/NO UNDER "COMPLIES" COLUMN. The undersigned has personal knowledge of the matters stated herein and is authorized and fully qualified to execute this document REPORTING COVENANT REQUIRED COMPLIES ------------------ -------- -------- Monthly financial statements Monthly within 30 days Yes No +Comp. Cert Annual (Audited) FYE within 120 days Yes No A/R & A/P Agings + BBC Monthly within 20 days Yes No Inventory Schedules Monthly within 20 days Yes No FINANCIAL COVENANT REQUIRED ACTUAL COMPLIES ------------------ -------- ------ -------- Maintain on behalf of the Contractor. [COMPANY NAME] Bya Monthly Basis: Minimum Adjusted Quick Ratio 1.35 : 1.00 ____________________: 1.00 Yes No Max. losses Quarterly $_________ NameYes No Losses not to exceed: ____________________ Title: ____________________ EXHIBIT G DEPRECIATION SCHEDULE Real Property: Use Modified Accelerated Cost Recovery System ("MACRS") 27.5 year straight-line depreciation using $3,200,000 for the mid-month. Real property includes buildings quarter Yes No ending 12/31/98; $2,200,000 for the quarter ending 3/31/99; $1,600,000 for the quarter ending 6/30/99; and building improvements.$600,000 for the quarter ending 9/30/99
Appears in 1 contract
Sincerely,. EXHIBIT F TO THE PARTNERSHIP AGREEMENT [CONTRACTOR'S CERTIFICATE CERTIFICATE] [Contractor's Letterhead] _______________, 200____ WNC Holding, LLC c/o WNC & Associates, Inc. ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ Re: North ▇▇▇▇▇▇▇ Meadow Associates, Ltd. Partners 99 Limited Partnership Dear Ladies and Gentlemen: The undersigned ▇▇▇▇▇ Construction Company Developers & Associates, Inc., (hereinafter referred to as "Contractor"), has furnished or has contracted to furnish labor, services and/or materials (hereinafter collectively referred to as the "Work") in connection with the improvement of certain real property known as __________________ located in Glencoe▇▇▇▇▇▇▇▇, Etowah ▇▇▇▇▇▇▇ County, Alabama South Dakota (hereinafter known as the "Apartment Housing"). Contractor makes the following representations and warranties regarding Work at the Apartment Housing: . o Work on said Apartment Housing has been performed and completed in accordance with the plans and specifications for the Apartment Housing. o Contractor acknowledges that upon the Partnership's receipt of the Limited Partner's completion of construction Capital Contribution payment all amounts owed to contractor pursuant to the contract for Work performed for North ▇▇▇▇▇▇▇ Meadow Associates, Ltd. will be Partners 99 Limited Partnership is paid in full. If not paid in full, then Contractor will defer any amounts owed to it until receipt of the next Capital Contribution payment. o Contractor acknowledges that North ▇▇▇▇▇▇▇ Meadow Associates, Ltd. Partners 99 Limited Partnership is not in violation with terms and conditions of the contractual documents related to the Apartment Housing. o Contractor warrants that all other parties who have supplied Work for improvement of the Apartment Housing have been paid in full. o Contractor acknowledges that the contract has been to be paid in full and releases any lien or right to lien against the above property. The undersigned has personal knowledge of the matters stated herein and is authorized and fully qualified to execute this document on behalf of the Contractor. [COMPANY NAME] (NAME OF COMPANY) By: :_________________________________ Name: Title:____________________ Title: ____________________ EXHIBIT G TO THE PARTNERSHIP DEPRECIATION SCHEDULE Real Property: Use Modified Accelerated Cost Recovery System ("MACRS") 27.5 year straight-line depreciation using the midmid month convention or use MACRS Alternative Depreciation System ("ADS") 40 year straight-monthline depreciation if required pursuant to the Agreement. Real property Property includes buildings and building improvements.. Personal property: Use 5-year recovery period using mid-year 200% declining balance, if it relates to residential real estate or use MACRS Alternative Depreciation System ("ADS") 12 year straight-line depreciation if required pursuant to the Agreement. Personal property related to commercial space must use a 7-year recovery period using mid year 200% declining balance. The following costs have a 5-year recovery period: o Removable appliances (not central climate control system equipment or water heaters) o Draperies, blinds and shades, if they would be reusable if removed o Carpeting, if its removal would not destroy the underlying floor o Vinyl flooring, if its removal would be easy and not destroy the underlying floor o Common area furnishings o Photocopy equipment o Calculators, adding machines o Typewriters o Computers o Wall coverings, if their removal would not destroy the underlying wall o Exit signs o Security systems (not fire protection system, sprinkler system, smoke detectors, or fire escapes) o Outdoor security lighting (not parking lot lighting) o Fire extinguishers o Decorative lighting and sconces (not light fixtures for central lighting) o Outdoor decorative lighting, such as that lighting signs o Telephone systems o Corridor handrails (not bathroom or stairway) o Raised floors to accommodate wirings in computer rooms The following costs have a 7-year recovery period with a mid year 200% declining balance: o Office furnishings o Cabinets and shelving o Bulletin boards o Conference or meeting room movable partitions A percentage of the development fee is also allowed in personal property. The percentage is calculated by taking the ratio of personal property cost, excluding development fee, to total development costs and multiplying the development fee by the calculated ratio. Land improvements Cost Recovery - Use 15-year recovery period using mid-year 150% declining balance or use MACRS Alternative Depreciation System ("ADS") 20 year straight-line depreciation if required pursuant to the Agreement. The following costs have a 15-year recovery period. Items allowed in this section are costs attributable to excavation, grading, and removing soil necessary to the proper setting of buildings. Other costs allowable in this section are as follows: o Roads and sidewalks o Concrete work (curb and gutter) o Fencing o Landscaping (including, but not limited to, trees and shrubs) around the building which would be destroyed if the building were replaced o Decorative walls which are part of the landscaping o Parking lot (resurfacing it later is deducted as an expense) o Initial parking lot striping (restriping it later is deducted as an expense) o Street lights and signs o Signs which identify the property or provide directions o Parking lot lighting (not outdoor security lighting) o Playground equipment o Basketball court and backboard o Tennis courts o Swimming pools o Jogging trails o Flag pole o Wastewater treatment plant and lift station to handle raw sewage o Interest expense capitalized and related to any of the above costs o The prorata portion of the general contractor/construction company profit, overhead, and general requirements and conditions allocable to items with a 15-year cost recovery period o The prorata portion of the developer fee, profit and overhead allocable to items with a 15-year cost recovery period Recovery of costs of sanitary sewer system and water utility/distribution system, including the sewer system outside the buildings - the following costs have a 20-year recovery period - 150% declining balance mid-year convention. o Fire hydrants o Manhole rings and covers o Watermeter o Gate valves o Flushing hydrants o Cast iron fittings o Valve boxes o Air release valves o Tapping sleeves o PVC water pipe (outside) o PVC sewer pipe (outside) o PVC sewer fittings EXHIBIT H TO THE PARTNERSHIP AGREEMENT REPORT OF OPERATIONS QUARTER ENDED: ____________________, 200X ------------------------------------- ----------------------------------- LOCAL PARTNERSHIP: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- GENERAL PARTNER: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- FIRM NAME: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- ADDRESS: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- CITY, STATE, ZIP: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- PHONE: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- PROPERTY NAME: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- ADDRESS: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- CITY, STATE, ZIP: ----------------------------------- ------------------------------------- ----------------------------------- RESIDENT MANAGER: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- PHONE: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- ACCOUNTANT: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- FIRM: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- ADDRESS: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- CITY, STATE, ZIP: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- PHONE: ------------------------------------- ----------------------------------- ------------------------------------ ----------------------------------- MANAGEMENT COMPANY ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- ADDRESS: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- CITY, STATE, ZIP: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- PHONE: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- CONTACT: ------------------------------------- ----------------------------------- -------------------------------------------------------------------------------
Appears in 1 contract
Sources: Limited Partnership Agreement (WNC Housing Tax Credit Fund Vi Lp Series 9)
Sincerely,. Exhibit E EXHIBIT F CONTRACTOR'S CERTIFICATE [Contractor's Letterhead] _______________, 200____ WNC Holding, LLC c/o WNC & Associates, Inc. ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ Re: ▇▇▇▇▇▇▇ Meadow Associates, Ltd. Oakview Terrace Townhomes Limited Partnership Ladies and Gentlemen: The undersigned ▇▇▇▇▇ Construction Company Inc.TDJ Construction, Inc. (hereinafter referred to as "Contractor"), has furnished or has contracted to furnish labor, services and/or materials (hereinafter collectively referred to as the "Work") in connection with the improvement of certain real property known as __________________ Oakview Terrace Townhomes located in GlencoeNorth Branch, Etowah Chisago County, Alabama Minnesota (hereinafter known as the "Apartment Housing"). Contractor makes the following representations and warranties regarding Work at the Apartment Housing: o Work on said Apartment Housing has been performed and completed in accordance with the plans and specifications for the Apartment Housing. o Contractor acknowledges that upon the Partnership's receipt of the Limited Partner's completion of construction Capital Contribution payment all amounts owed to contractor pursuant to the contract for Work performed for ▇▇▇▇▇▇▇ Meadow Associates, Ltd. Oakview Terrace Townhomes Limited Partnership will be paid in full. If not paid in full, then Contractor will defer any amounts owed to it until receipt of the next Capital Contribution payment. o Contractor acknowledges ▇▇▇▇▇▇▇ Meadow Associates, Ltd. Oakview Terrace Townhomes Limited Partnership is not in violation with terms and conditions of the contractual documents related to the Apartment Housing. o Contractor warrants that all other parties who have supplied Work for improvement of the Apartment Housing have been paid in full. o Contractor acknowledges that the contract has been paid in full and releases any lien or right to lien against the above property. The undersigned has personal knowledge of the matters stated herein and is authorized and fully qualified to execute this document on behalf of the Contractor. [COMPANY NAME] TDJ Construction, Inc. By: :______________________________ Name: ____________________ Title: ____________________ Exhibit F EXHIBIT G DEPRECIATION SCHEDULE Real Property: Use Modified Accelerated Cost Recovery System ("MACRS") 27.5 year straight-line depreciation using the mid-month. Real property includes buildings and building improvements.
Appears in 1 contract
Sources: Limited Partnership Agreement (WNC Housing Tax Credit Fund Vi Lp Series 9)
Sincerely,. EXHIBIT F TO THE PARTNERSHIP AGREEMENT [CONTRACTOR'S CERTIFICATE CERTIFICATE] [Contractor's Letterhead] _______________, 200____ WNC Holding, LLC c/o WNC & Associates, Inc. ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ Re: ▇▇▇▇ ▇▇▇▇ Meadow Associates, Ltd. ▇▇▇▇ Limited Partnership Dear Ladies and Gentlemen: The undersigned ▇▇▇▇▇ Construction Company Developers & Associates, Inc., (hereinafter referred to as "Contractor"), has furnished or has contracted to furnish labor, services and/or materials (hereinafter collectively referred to as the "Work") in connection with the improvement of certain real property known as __________________ located in Glencoe▇▇▇▇▇▇▇▇▇▇, Etowah ▇▇▇▇ County, Alabama South Dakota (hereinafter known as the "Apartment Housing"). Contractor makes the following representations and warranties regarding Work at the Apartment Housing: . o Work on said Apartment Housing has been performed and completed in accordance with the plans and specifications for the Apartment Housing. o Contractor acknowledges that upon the Partnership's receipt of the Limited Partner's completion of construction Capital Contribution payment all amounts owed to contractor pursuant to the contract for Work performed for ▇▇▇▇ ▇▇▇▇ Meadow Associates, Ltd. will be ▇▇▇▇ Limited Partnership is paid in full. If not paid in full, then Contractor will defer any amounts owed to it until receipt of the next Capital Contribution payment. o Contractor acknowledges that ▇▇▇▇ ▇▇▇▇ Meadow Associates, Ltd. ▇▇▇▇ Limited Partnership is not in violation with terms and conditions of the contractual documents related to the Apartment Housing. o Contractor warrants that all other parties who have supplied Work for improvement of the Apartment Housing have been paid in full. o Contractor acknowledges that the contract has been to be paid in full and releases any lien or right to lien against the above property. The undersigned has personal knowledge of the matters stated herein and is authorized and fully qualified to execute this document on behalf of the Contractor. [COMPANY NAME] (NAME OF COMPANY) By: :________________________________ Name: Title:____________________ Title: ____________________ EXHIBIT G DEPRECIATION SCHEDULE TO THE PARTNERSHIP Real Property: Use Modified Accelerated Cost Recovery System ("MACRS") 27.5 year straight-line depreciation using the midmid month convention or use MACRS Alternative Depreciation System ("ADS") 40 year straight-monthline depreciation if required pursuant to the Agreement. Real property Property includes buildings and building improvements.. Personal property: Use 5-year recovery period using mid-year 200% declining balance, if it relates to residential real estate or use MACRS Alternative Depreciation System ("ADS") 12 year straight-line depreciation if required pursuant to the Agreement. Personal property related to commercial space must use a 7-year recovery period using mid year 200% declining balance. The following costs have a 5-year recovery period: o Removable appliances (not central climate control system equipment or water heaters) o Draperies, blinds and shades, if they would be reusable if removed o Carpeting, if its removal would not destroy the underlying floor o Vinyl flooring, if its removal would be easy and not destroy the underlying floor o Common area furnishings o Photocopy equipment o Calculators, adding machines o Typewriters o Computers o Wall coverings, if their removal would not destroy the underlying wall o Exit signs o Security systems (not fire protection system, sprinkler system, smoke detectors, or fire escapes) o Outdoor security lighting (not parking lot lighting) o Fire extinguishers o Decorative lighting and sconces (not light fixtures for central lighting) o Outdoor decorative lighting, such as that lighting signs o Telephone systems o Corridor handrails (not bathroom or stairway) o Raised floors to accommodate wirings in computer rooms The following costs have a 7-year recovery period with a mid year 200% declining balance: o Office furnishings o Cabinets and shelving o Bulletin boards o Conference or meeting room movable partitions A percentage of the development fee is also allowed in personal property. The percentage is calculated by taking the ratio of personal property cost, excluding development fee, to total development costs and multiplying the development fee by the calculated ratio. Land improvements Cost Recovery - Use 15-year recovery period using mid-year 150% declining balance or use MACRS Alternative Depreciation System ("ADS") 20 year straight-line depreciation if required pursuant to the Agreement. The following costs have a 15-year recovery period. Items allowed in this section are costs attributable to excavation, grading, and removing soil necessary to the proper setting of buildings. Other costs allowable in this section are as follows: o Roads and sidewalks o Concrete work (curb and gutter) o Fencing o Landscaping (including, but not limited to, trees and shrubs) around the building which would be destroyed if the building were replaced o Decorative walls which are part of the landscaping o Parking lot (resurfacing it later is deducted as an expense) o Initial parking lot striping (restriping it later is deducted as an expense) o Street lights and signs o Signs which identify the property or provide directions o Parking lot lighting (not outdoor security lighting) o Playground equipment o Basketball court and backboard o Tennis courts o Swimming pools o Jogging trails o Flag pole o Wastewater treatment plant and lift station to handle raw sewage o Interest expense capitalized and related to any of the above costs o The prorata portion of the general contractor/construction company profit, overhead, and general requirements and conditions allocable to items with a 15-year cost recovery period o The prorata portion of the developer fee, profit and overhead allocable to items with a 15-year cost recovery period Recovery of costs of sanitary sewer system and water utility/distribution system, including the sewer system outside the buildings - the following costs have a 20-year recovery period - 150% declining balance mid-year convention. o Fire hydrants o Manhole rings and covers o Watermeter o Gate valves o Flushing hydrants o Cast iron fittings o Valve boxes o Air release valves o Tapping sleeves o PVC water pipe (outside) o PVC sewer pipe (outside) o PVC sewer fittings EXHIBIT H TO THE PARTNERSHIP REPORT OF OPERATIONS QUARTER ENDED:____________________________,200X ------------------------------------- ----------------------------------- LOCAL PARTNERSHIP: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- GENERAL PARTNER: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- FIRM NAME: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- ADDRESS: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- CITY, STATE, ZIP: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- PHONE: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- PROPERTY NAME: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- ADDRESS: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- CITY, STATE, ZIP: ----------------------------------- ------------------------------------- ----------------------------------- RESIDENT MANAGER: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- PHONE: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- ACCOUNTANT: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- FIRM: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- ADDRESS: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- CITY, STATE, ZIP: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- PHONE: ------------------------------------- ----------------------------------- ------------------------------------ ----------------------------------- MANAGEMENT COMPANY ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- ADDRESS: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- CITY, STATE, ZIP: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- PHONE: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- CONTACT: ------------------------------------- ----------------------------------- OCCUPANCY INFORMATION
Appears in 1 contract
Sources: Limited Partnership Agreement (WNC Housing Tax Credit Fund Vi Lp Series 8)
Sincerely,. EXHIBIT F TO THE PARTNERSHIP AGREEMENT [CONTRACTOR'S CERTIFICATE CERTIFICATE] [Contractor's Letterhead] _______________, 200____ WNC HoldingHoldings, LLC c/o WNC & Associates, Inc. ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ Re: ▇▇▇▇▇▇▇▇▇ Meadow Associates, Ltd. Housing Associates Limited Partnership Dear Ladies and Gentlemen: The undersigned ▇▇▇▇▇ ERC Construction Company Inc.Group, LLC, (hereinafter referred to as "Contractor"), has furnished or has contracted to furnish labor, services and/or materials (hereinafter collectively referred to as the "Work") in connection with the improvement of certain real property known as __________________ Chapel Ridge located in GlencoeMcPherson, Etowah ▇▇▇▇▇▇▇▇▇ County, Alabama Kansas (hereinafter known as the "Apartment Housing"). Contractor makes the following representations and warranties regarding Work at the Apartment Housing: . o Work on said Apartment Housing has been performed and completed in accordance with the plans and specifications for the Apartment Housing. o Contractor acknowledges that upon the Partnership's receipt of the Limited Partner's completion of construction Capital Contribution payment all amounts owed to contractor pursuant to the contract for Work performed for ▇▇▇▇▇▇▇▇▇ Meadow Associates, Ltd. will be Housing Associates Limited Partnership is paid in full. If not paid in full, then Contractor will defer any amounts owed to it until receipt of the next Capital Contribution payment. o Contractor acknowledges that ▇▇▇▇▇▇▇▇▇ Meadow Associates, Ltd. Housing Associates Limited Partnership is not in violation with terms and conditions of the contractual documents related to the Apartment Housing. o Contractor warrants that all other parties who have supplied Work for improvement of the Apartment Housing have been paid in full. o Contractor acknowledges that the contract has been to be paid in full and releases any lien or right to lien against the above property. The undersigned has personal knowledge of the matters stated herein and is authorized and fully qualified to execute this document on behalf of the Contractor. [COMPANY NAME] (NAME OF COMPANY) By: :_________________________________________ Name: Title:____________________ Title: ____________________ EXHIBIT G TO THE PARTNERSHIP AGREEMENT DEPRECIATION SCHEDULE Real Property: Use Modified Accelerated Cost Recovery System ("MACRS") 27.5 year straight-line depreciation using the midmid month convention or use MACRS Alternative-monthDepreciation System ("ADS") 40 year straight-line depreciation if required pursuant to the Agreement. Real property Property includes buildings and building improvements.. Personal property: Use 5-year recovery period using mid-year 200% declining balance, if it relates to residential real estate or use MACRS Alternative Depreciation System ("ADS") 12 year straight-line depreciation if required pursuant to the Agreement. Personal property related to commercial space must use a 7-year recovery period using mid year 200% declining balance. The following costs have a 5-year recovery period: o Removable appliances (not central climate control system equipment or water heaters) o Draperies, blinds and shades, if they would be reusable if removed o Carpeting, if its removal would not destroy the underlying floor o Vinyl flooring, if its removal would be easy and not destroy the underlying floor o Common area furnishings o Photocopy equipment o Calculators, adding machines o Typewriters o Computers o Wall coverings, if their removal would not destroy the underlying wall o Exit signs o Security systems (not fire protection system, sprinkler system, smoke detectors, or fire escapes) o Outdoor security lighting (not parking lot lighting) o Fire extinguishers o Decorative lighting and sconces (not light fixtures for central lighting) o Outdoor decorative lighting, such as that lighting signs o Telephone systems o Corridor handrails (not bathroom or stairway) o Raised floors to accommodate wirings in computer rooms The following costs have a 7-year recovery period with a mid year 200% declining balance:
Appears in 1 contract
Sources: Limited Partnership Agreement (WNC Housing Tax Credit Fund Vi Lp Series 9)
Sincerely,. Exhibit E EXHIBIT F TO THE PARTNERSHIP AGREEMENT [CONTRACTOR'S CERTIFICATE CERTIFICATE] [Contractor's Letterhead] _______________, 200____ WNC Holding, LLC c/o WNC & Associates, Inc. ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇3158 Redhill Avenue, ▇▇▇▇Suit▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ Re▇▇: [▇▇▇▇▇▇▇ Meadow Associates, Ltd. ect Name] Ladies and Gentlemen: The undersigned ▇▇▇▇▇ Construction Company Inc.[Contractor Name], (hereinafter referred to as "Contractor"), has furnished or has contracted to furnish labor, services and/or materials (hereinafter collectively referred to as the "Work") in connection with the improvement of certain real property known as __________________ located in GlencoeCITY, Etowah COUNTY County, Alabama STATE (hereinafter known as the "Apartment Housing"). Contractor makes the following representations and warranties regarding Work at the Apartment Housing: . o Work on said Apartment Housing has been performed and completed in accordance with the plans and specifications for the Apartment Housing. o Contractor acknowledges that upon the Partnership's receipt of the Limited Partner's completion of construction Capital Contribution payment all amounts owed to contractor pursuant to the contract for Work performed for ▇▇▇▇▇▇▇ Meadow Associates, Ltd. will be Partnership is paid in full. If not paid in full, then Contractor will defer any amounts owed to it until receipt of the next Capital Contribution payment. o Contractor acknowledges ▇▇▇▇▇▇▇ Meadow Associates, Ltd. Partnership is not in violation with terms and conditions of the contractual documents related to the Apartment Housing. o Contractor warrants that all other parties who have supplied Work for improvement of the Apartment Housing have been paid in full. o Contractor acknowledges that the contract has been to be paid in full and releases any lien or right to lien against the above property. The undersigned has personal knowledge of the matters stated herein and is authorized and fully qualified to execute this document on behalf of the Contractor. [COMPANY NAMENAME OF COMPANY] By: :______________________________ Name: ____________________ Title: ____________________ Exhibit F EXHIBIT G TO THE PARTNERSHIP AGREEMENT DEPRECIATION SCHEDULE Real Property: Use Modified Accelerated Cost Recovery System ("MACRS") 27.5 year straight-line depreciation using the midmid month convention or use MACRS Alternative Depreciation System ("ADS") 40 year straight-monthline depreciation if required pursuant to the Agreement. Real property includes buildings and building improvements.. Personal Property: Use 5-year recovery period using mid-year 200% declining balance, if it relates to residential real estate or use MACRS Alternative Depreciation System ("ADS") 12 year straight-line depreciation if required pursuant to the Agreement. Personal property related to commercial space must use a 7-year recovery period using mid year 200% declining balance. The following costs have a 5-year recovery period: o Removable appliances (not central climate control system equipment or water heaters) o Draperies, blinds and shades, if they would be reusable if removed o Carpeting, if its removal would not destroy the underlying floor o Vinyl flooring, if its removal would be easy and not destroy the underlying floor o Common area furnishings o Photocopy equipment o Calculators, adding machines o Typewriters o Computers o Wall coverings, if their removal would not destroy the underlying wall o Exit signs o Security systems (not fire protection system, sprinkler system, smoke detectors, or fire escapes) o Outdoor security lighting (not parking lot lighting) o Fire extinguishers o Decorative lighting and sconces (not light fixtures for central lighting) o Outdoor decorative lighting, such as that lighting signs o Telephone systems o Corridor handrails (not bathroom or stairway) o Raised floors to accommodate wiring in computer rooms The following costs have a 7-year recovery period with a mid year 200% declining balance: o Office furnishings o Cabinets and shelving o Bulletin boards o Conference or meeting room movable partitions A percentage of the development fee is also allowed in personal property. The percentage is calculated by taking the ratio of personal property cost, excluding development fee, to total development costs and multiplying the development fee by the calculated ratio. Exhibit G Land improvements Cost Recovery: Use 15-year recovery period using mid-year 150% declining balance or use MACRS Alternative Depreciation System ("ADS") 20 year straight-line depreciation if required pursuant to the Agreement. The following costs have a 15-year recovery period. Items allowed in this section are costs attributable to excavation, grading, and removing soil necessary to the proper setting of buildings. Other costs allowable in this section are as follows: o Roads and sidewalks o Concrete work (curb and gutter) o Fencing o Landscaping (including, but not limited to, trees and shrubs) around the building which would be destroyed if the building were replaced o Decorative walls which are part of the landscaping o Parking lot (resurfacing it later is deducted as an expense) o Initial parking lot striping (restriping it later is deducted as an expense) o Street lights and signs o Signs which identify the property or provide directions o Parking lot lighting (not outdoor security lighting) o Playground equipment o Basketball court and backboard o Tennis courts o Swimming pools o Jogging trails o Flag pole o Wastewater treatment plant and lift station to handle raw sewage o Interest expense capitalized and related to any of the above costs o The prorata portion of the general contractor/construction company profit, overhead, and general requirements and conditions allocable to items with a 15-year cost recovery period o The prorata portion of the developer fee, profit and overhead allocable to items with a 15-year cost recovery period Recovery of costs of sanitary sewer system and water utility/distribution system, including the sewer system outside the buildings: the following costs have a 20-year recovery period - 150% declining balance mid-year convention. o Fire hydrants o Manhole rings and covers o Water meter o Gate valves o Flushing hydrants o Cast iron fittings o Valve boxes o Air release valves o Tapping sleeves o PVC water pipe (outside) o PVC sewer pipe (outside) o PVC sewer fittings Exhibit G EXHIBIT H TO THE PARTNERSHIP AGREEMENT REPORT OF OPERATIONS QUARTER ENDED: ____________________, 200__ ------------------------------------- ----------------------------------- LOCAL PARTNERSHIP: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- GENERAL PARTNER: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- FIRM NAME: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- ADDRESS: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- CITY, STATE, ZIP: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- PHONE: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- PROPERTY NAME: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- ADDRESS: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- CITY, STATE, ZIP: ----------------------------------- ------------------------------------- ----------------------------------- RESIDENT MANAGER: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- PHONE: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- ACCOUNTANT: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- FIRM: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- ADDRESS: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- CITY, STATE, ZIP: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- PHONE: ------------------------------------- ----------------------------------- ------------------------------------ ----------------------------------- MANAGEMENT COMPANY ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- ADDRESS: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- CITY, STATE, ZIP: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- PHONE: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- CONTACT: ------------------------------------- ----------------------------------- -------------------------------------------------------------------------------
Appears in 1 contract
Sources: Limited Partnership Agreement (WNC Housing Tax Credit Fund Vi Lp Series 10)
Sincerely,. EXHIBIT F TO THE PARTNERSHIP AGREEMENT [CONTRACTOR'S CERTIFICATE CERTIFICATE] [Contractor's Letterhead] _______________, 200____ WNC Holding, LLC c/o WNC & Associates, Inc. ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ Re: Calico Terrace Limited Partnership Dear Ladies and Gentlemen: The undersigned The ▇▇▇▇▇▇▇ Meadow Associates, Ltd. Ladies and Gentlemen: The undersigned ▇▇▇▇▇ Construction Company Inc.Group, (hereinafter referred to as "Contractor"), has furnished or has contracted to furnish labor, services and/or materials (hereinafter collectively referred to as the "Work") in connection with the improvement of certain real property known as __________________ located in GlencoeCalico Rock, Etowah Izard County, Alabama Arkansas (hereinafter known as the "Apartment Housing"). Contractor makes the following representations and warranties regarding Work at the Apartment Housing: . o Work on said Apartment Housing has been performed and completed in accordance with the plans and specifications for the Apartment Housing. o Contractor acknowledges that upon the Partnership's receipt of the Limited Partner's completion of construction Capital Contribution payment all amounts owed to contractor pursuant to the contract for Work performed for ▇▇▇▇▇▇▇ Meadow Associates, Ltd. will be Calico Terrace Limited Partnership is paid in full. If not paid in full, then Contractor will defer any amounts owed to it until receipt of the next Capital Contribution payment. o Contractor acknowledges ▇▇▇▇▇▇▇ Meadow Associates, Ltd. that Calico Terrace Limited Partnership is not in violation with terms and conditions of the contractual documents related to the Apartment Housing. o Contractor warrants that all other parties who have supplied Work for improvement of the Apartment Housing have been paid in full. o Contractor acknowledges that the contract has been to be paid in full and releases any lien or right to lien against the above property. The undersigned has personal knowledge of the matters stated herein and is authorized and fully qualified to execute this document on behalf of the Contractor. [COMPANY NAME] (NAME OF COMPANY) By: :_________________________________________ Name: Title:____________________ Title: ____________________ EXHIBIT G DEPRECIATION SCHEDULE TO THE PARTNERSHIP Real Property: Use Modified Accelerated Cost Recovery System ("MACRS") 27.5 year straight-line depreciation using the midmid month convention or use MACRS Alternative Depreciation System ("ADS") 40 year straight-monthline depreciation if required pursuant to the Agreement. Real property Property includes buildings and building improvements.. Personal property: Use 5-year recovery period using mid-year 200% declining balance, if it relates to residential real estate or use MACRS Alternative Depreciation System ("ADS") 12 year straight-line depreciation if required pursuant to the Agreement. Personal property related to commercial space must use a 7-year recovery period using mid year 200% declining balance. The following costs have a 5-year recovery period: o Removable appliances (not central climate control system equipment or water heaters) o Draperies, blinds and shades, if they would be reusable if removed o Carpeting, if its removal would not destroy the underlying floor o Vinyl flooring, if its removal would be easy and not destroy the underlying floor o Common area furnishings o Photocopy equipment o Calculators, adding machines o Typewriters o Computers o Wall coverings, if their removal would not destroy the underlying wall o Exit signs o Security systems (not fire protection system, sprinkler system, smoke detectors, or fire escapes) o Outdoor security lighting (not parking lot lighting) o Fire extinguishers o Decorative lighting and sconces (not light fixtures for central lighting) o Outdoor decorative lighting, such as that lighting signs o Telephone systems o Corridor handrails (not bathroom or stairway) o Raised floors to accommodate wirings in computer rooms The following costs have a 7-year recovery period with a mid year 200% declining balance: o Office furnishings o Cabinets and shelving o Bulletin boards o Conference or meeting room movable partitions A percentage of the development fee is also allowed in personal property. The percentage is calculated by taking the ratio of personal property cost, excluding development fee, to total development costs and multiplying the development fee by the calculated ratio. Land improvements Cost Recovery - Use 15-year recovery period using mid-year 150% declining balance or use MACRS Alternative Depreciation System ("ADS") 20 year straight-line depreciation if required pursuant to the Agreement. The following costs have a 15-year recovery period. Items allowed in this section are costs attributable to excavation, grading, and removing soil necessary to the proper setting of buildings. Other costs allowable in this section are as follows: o Roads and sidewalks o Concrete work (curb and gutter) o Fencing o Landscaping (including, but not limited to, trees and shrubs) around the building which would be destroyed if the building were replaced o Decorative walls which are part of the landscaping o Parking lot (resurfacing it later is deducted as an expense) o Initial parking lot striping (restriping it later is deducted as an expense) o Street lights and signs o Signs which identify the property or provide directions o Parking lot lighting (not outdoor security lighting) o Playground equipment o Basketball court and backboard o Tennis courts o Swimming pools o Jogging trails o Flag pole o Wastewater treatment plant and lift station to handle raw sewage o Interest expense capitalized and related to any of the above costs o The prorata portion of the general contractor/construction company profit, overhead, and general requirements and conditions allocable to items with a 15-year cost recovery period o The prorata portion of the developer fee, profit and overhead allocable to items with a 15-year cost recovery period Recovery of costs of sanitary sewer system and water utility/distribution system, including the sewer system outside the buildings - the following costs have a 20-year recovery period - 150% declining balance mid-year convention. o Fire hydrants o Manhole rings and covers o Watermeter o Gate valves o Flushing hydrants o Cast iron fittings o Valve boxes o Air release valves o Tapping sleeves o PVC water pipe (outside) o PVC sewer pipe (outside) o PVC sewer fittings EXHIBIT H TO THE PARTNERSHIP AGREEMENT REPORT OF OPERATIONS QUARTER ENDED: ____________________, 200X ------------------------------------- ----------------------------------- LOCAL PARTNERSHIP: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- GENERAL PARTNER: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- FIRM NAME: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- ADDRESS: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- CITY, STATE, ZIP: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- PHONE: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- PROPERTY NAME: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- ADDRESS: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- CITY, STATE, ZIP: ----------------------------------- ------------------------------------- ----------------------------------- RESIDENT MANAGER: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- PHONE: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- ACCOUNTANT: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- FIRM: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- ADDRESS: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- CITY, STATE, ZIP: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- PHONE: ------------------------------------- ----------------------------------- ------------------------------------ ----------------------------------- MANAGEMENT COMPANY ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- ADDRESS: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- CITY, STATE, ZIP: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- PHONE: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- CONTACT: ------------------------------------- ----------------------------------- -------------------------------------------------------------------------------
Appears in 1 contract
Sources: Limited Partnership Agreement (WNC Housing Tax Credit Fund Vi Lp Series 9)
Sincerely,. EXHIBIT F [CONTRACTOR'S CERTIFICATE CERTIFICATE] [Contractor's Letterhead] _______________, 200____ WNC HoldingHousing Tax Credit Fund VI Series 13, LLC L.P. c/o WNC & Associates, Inc. ▇▇▇▇▇ ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ Re: Fernwood ▇▇▇▇▇▇▇ Meadow Associates, Ltd. Limited Partnership Dear Ladies and Gentlemen: The undersigned ▇▇▇▇▇ Construction Company undersigned, G & T Construction, Inc., a Nevada corporation (hereinafter referred to as "Contractor"), has furnished or through various contractors, sub-contractors or material suppliers has contracted to furnish labor, services and/or materials (hereinafter collectively referred to as the "Work") in connection with the improvement of certain real property known as __________________ Fernwood Apartments located in GlencoeFernley, Etowah Lyon County, Alabama Nevada (hereinafter known as the "Apartment Housing"). Any terms not defined herein shall have the meaning ascribed in the Amended and Restated Agreement of Limited Partnership of Fernwood ▇▇▇▇▇▇▇ Limited Partnership. Contractor makes the following representations representations, warranties and warranties covenants regarding the Work at the Apartment Housing: Housing with full knowledge that the Limited Partner will rely on these representations, warranties and covenants as a condition to making its Capital Contribution payment to Fernwood ▇▇▇▇▇▇▇ Limited Partnership. o Work on said Apartment Housing has been performed and completed in accordance with the plans Plans and specifications Specifications for the Apartment Housing. o Contractor acknowledges that upon the Partnership's receipt of the Limited Partner's completion of construction placed in service Capital Contribution payment payment, all amounts owed to Contractor, sub-contractor pursuant or material suppliers to complete the contract for Work performed for will be paid in full. o Contractor acknowledges Fernwood ▇▇▇▇▇▇▇ Meadow Associates, Ltd. will be paid in full. If not paid in full, then Contractor will defer any amounts owed to it until receipt of the next Capital Contribution payment. o Contractor acknowledges ▇▇▇▇▇▇▇ Meadow Associates, Ltd. Limited Partnership is not in violation with of any terms and conditions of the contractual documents related to the Apartment Housing. o Contractor warrants that all other parties who have supplied Work for improvement of the Apartment Housing have been paid in full. o Contractor acknowledges that the contract has been paid in full and releases any lien or right to lien against the above property. The undersigned has personal knowledge of the matters stated herein and is authorized and fully qualified to execute this document on behalf of the Contractor. [COMPANY NAME] By: _____________________________ Name: ____________________ Title: ____________________ EXHIBIT G DEPRECIATION SCHEDULE Real Property: Use Modified Accelerated Cost Recovery System ("MACRS") 27.5 year straight-line depreciation using the mid-month. Real property includes buildings and building improvementsConstruction Contract.
Appears in 1 contract
Sources: Limited Partnership Agreement (WNC Housing Tax Credit Fund VI, L.P., Series 13)
Sincerely,. Exhibit E EXHIBIT F TO THE PARTNERSHIP AGREEMENT [CONTRACTOR'S CERTIFICATE CERTIFICATE] [Contractor's Letterhead] _______________, 200____ WNC HoldingHousing Tax Credit Fund VI, LLC L.P. Series 9 c/o WNC & Associates, Inc. ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ Re: ▇▇▇▇▇▇▇ Meadow Associates, Ltd. Preservation Partners III Limited Partnership Ladies and Gentlemen: The undersigned ▇▇▇▇▇ Construction Company Inc.Star General Contractor, L.L.C. (hereinafter referred to as "Contractor"), has furnished or has contracted to furnish labor, services and/or materials (hereinafter collectively referred to as the "Work") in connection with the improvement of certain real property known as __________________ Monmouth Manor Apartments located in Glencoethe City of Monmouth, Etowah ▇▇▇▇▇▇ County, Alabama Illinois (hereinafter known as the "Apartment Housing"). Contractor makes the following representations and warranties regarding Work at the Apartment Housing: . o Work on said Apartment Housing has been performed and completed in accordance with the plans and specifications for the Apartment Housing. o Contractor acknowledges that upon the Partnership's receipt of the Limited Partner's completion of construction Capital Contribution payment all amounts owed to contractor pursuant to the contract for Work performed for ▇▇▇▇▇▇▇ Meadow Associates, Ltd. will be Partnership is paid in full. If not paid in full, then Contractor will defer any amounts owed to it until receipt of the next Capital Contribution payment. o Contractor acknowledges ▇▇▇▇▇▇▇ Meadow Associates, Ltd. Partnership is not in violation with terms and conditions of the contractual construction documents related to the Apartment Housing. o Contractor warrants that all other parties who have supplied Work for improvement of the Apartment Housing have been paid in full. o Contractor acknowledges that the contract has been to be paid in full and releases any lien or right to lien against the above property. The undersigned has personal knowledge of the matters stated herein and is authorized and fully qualified to execute this document on behalf of the Contractor. [COMPANY NAME] STAR GENERAL CONTRACTORS, L.L.C. By: ______________________________ Name: ____________________ Title: ____________________ Exhibit F EXHIBIT G TO THE PARTNERSHIP AGREEMENT DEPRECIATION SCHEDULE Real Property: Use Modified Accelerated Cost Recovery System ("MACRS") 27.5 year straight-line depreciation using the midmid month convention or use MACRS Alternative Depreciation System ("ADS") 40 year straight-monthline depreciation if required pursuant to the Agreement. Real property includes buildings and building improvements.. Personal Property: Use 5-year recovery period using mid-year 200% declining balance, if it relates to residential real estate or use MACRS Alternative Depreciation System ("ADS") 12 year straight-line depreciation if required pursuant to the Agreement. Personal property related to commercial space must use a 7-year recovery period using mid year 200% declining balance. The following costs have a 5-year recovery period: o Removable appliances (not central climate control system equipment or water heaters) o Draperies, blinds and shades, if they would be reusable if removed o Carpeting, if its removal would not destroy the underlying floor o Vinyl flooring, if its removal would be easy and not destroy the underlying floor o Common area furnishings o Photocopy equipment o Calculators, adding machines o Typewriters o Computers o Wall coverings, if their removal would not destroy the underlying wall o Exit signs o Security systems (not fire protection system, sprinkler system, smoke detectors, or fire escapes) o Outdoor security lighting (not parking lot lighting) o Fire extinguishers o Decorative lighting and sconces (not light fixtures for central lighting) o Outdoor decorative lighting, such as that lighting signs o Telephone systems o Corridor handrails (not bathroom or stairway) o Raised floors to accommodate wiring in computer rooms The following costs have a 7-year recovery period with a mid year 200% declining balance: o Office furnishings o Cabinets and shelving o Bulletin boards o Conference or meeting room movable partitions A percentage of the development fee is also allowed in personal property. The percentage is calculated by taking the ratio of personal property cost, excluding development fee, to total development costs and multiplying the development fee by the calculated ratio. Land improvements Cost Recovery: Use 15-year recovery period using mid-year 150% declining balance or use MACRS Alternative Depreciation System ("ADS") 20 year straight-line depreciation if required pursuant to the Agreement. The following costs have a 15-year recovery period. Items allowed in this section are costs attributable to excavation, grading, and removing soil necessary to the proper setting of buildings. Other costs allowable in this section are as follows: o Roads and sidewalks o Concrete work (curb and gutter) o Fencing o Landscaping (including, but not limited to, trees and shrubs) around the building which would be destroyed if the building were replaced Exhibit G o Decorative walls which are part of the landscaping o Parking lot (resurfacing it later is deducted as an expense) o Initial parking lot striping (restriping it later is deducted as an expense) o Street lights and signs o Signs which identify the property or provide directions o Parking lot lighting (not outdoor security lighting) o Playground equipment o Basketball court and backboard o Tennis courts o Swimming pools o Jogging trails o Flag pole o Wastewater treatment plant and lift station to handle raw sewage o Interest expense capitalized and related to any of the above costs o The prorata portion of the general contractor/construction company profit, overhead, and general requirements and conditions allocable to items with a 15-year cost recovery period o The prorata portion of the developer fee, profit and overhead allocable to items with a 15-year cost recovery period Recovery of costs of sanitary sewer system and water utility/distribution system, including the sewer system outside the buildings: the following costs have a 20-year recovery period - 150% declining balance mid-year convention. o Fire hydrants o Manhole rings and covers o Water meter o Gate valves o Flushing hydrants o Cast iron fittings o Valve boxes o Air release valves o Tapping sleeves o PVC water pipe (outside) o PVC sewer pipe (outside) o PVC sewer fittings Exhibit G EXHIBIT H TO THE PARTNERSHIP AGREEMENT REPORT OF OPERATIONS QUARTER ENDED: ____________________, 200__ ------------------------------------- ----------------------------------- LOCAL PARTNERSHIP: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- GENERAL PARTNER: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- FIRM NAME: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- ADDRESS: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- CITY, STATE, ZIP: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- PHONE: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- PROPERTY NAME: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- ADDRESS: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- CITY, STATE, ZIP: ----------------------------------- ------------------------------------- ----------------------------------- RESIDENT MANAGER: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- PHONE: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- ACCOUNTANT: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- FIRM: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- ADDRESS: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- CITY, STATE, ZIP: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- PHONE: ------------------------------------- ----------------------------------- ------------------------------------ ----------------------------------- MANAGEMENT COMPANY ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- ADDRESS: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- CITY, STATE, ZIP: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- PHONE: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- CONTACT: ------------------------------------- ----------------------------------- -------------------------------------------------------------------------------
Appears in 1 contract
Sources: Limited Partnership Agreement (WNC Housing Tax Credit Fund Vi Lp Series 9)
Sincerely,. EXHIBIT F TO THE PARTNERSHIP AGREEMENT [CONTRACTOR'S CERTIFICATE CERTIFICATE] [Contractor's Letterhead] _______________, 200____ WNC HoldingHousing Tax Credit Fund VI, LLC L.P., Series 7 c/o WNC & Associates, Inc. ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ Re: ▇▇▇▇▇▇▇ Meadow Associates, Ltd. Montrose Country Estates Limited Dividend Housing Association Limited Partnership Dear Ladies and Gentlemen: The undersigned ▇▇▇▇▇ Construction Company Inc.CCC Construction, (hereinafter referred to as "Contractor"), has furnished or has contracted to furnish labor, services and/or materials (hereinafter collectively referred to as the "Work") in connection with the improvement of certain real property known as __________________ located in GlencoeMontrose, Etowah Genessee County, Alabama Michigan (hereinafter known as the "Apartment Housing"). Contractor makes the following representations and warranties regarding Work at the Apartment Housing: . o Work on said Apartment Housing has been performed and completed in accordance with the plans and specifications for the Apartment Housing. o Contractor acknowledges that upon the Partnership's receipt of the Limited Partner's completion of construction Capital Contribution payment all amounts owed to contractor pursuant to the contract for Work performed for ▇▇▇▇▇▇▇ Meadow Associates, Ltd. will be Montrose Country Estates Limited Dividend Housing Association Limited Partnership is paid in full. If not paid in full, then Contractor will defer any amounts owed to it until receipt of the next Capital Contribution payment. o Contractor acknowledges ▇▇▇▇▇▇▇ Meadow Associates, Ltd. that Montrose Country Estates Limited Dividend Housing Association Limited Partnership is not in violation with terms and conditions of the contractual documents related to the Apartment Housing. o Contractor warrants that all other parties who have supplied Work for improvement of the Apartment Housing have been paid in full. o Contractor acknowledges that the contract has been to be paid in full and releases any lien or right to lien against the above property. The undersigned has personal knowledge of the matters stated herein and is authorized and fully qualified to execute this document on behalf of the Contractor. [COMPANY NAME] (NAME OF COMPANY) By: _____________________________ Name: ____________________ Title: ________________________________________ EXHIBIT G DEPRECIATION SCHEDULE TO THE PARTNERSHIP Real Property: Use Modified Accelerated Cost Recovery System ("MACRS") 27.5 year straight-line depreciation using the midmid month convention or use MACRS Alternative Depreciation System ("ADS") 40 year straight-monthline depreciation if required pursuant to the Agreement. Real property Property includes buildings and building improvements.. Personal property: Use 5-year recovery period using mid-year 200% declining balance, if it relates to residential real estate or use MACRS Alternative Depreciation System ("ADS") 12 year straight-line depreciation if required pursuant to the Agreement. Personal property related to commercial space must use a 7-year recovery period using mid year 200% declining balance. The following costs have a 5-year recovery period: o Removable appliances (not central climate control system equipment or water heaters) o Draperies, blinds and shades, if they would be reusable if removed o Carpeting, if its removal would not destroy the underlying floor o Vinyl flooring, if its removal would be easy and not destroy the underlying floor o Common area furnishings o Photocopy equipment o Calculators, adding machines o Typewriters o Computers o Wall coverings, if their removal would not destroy the underlying wall o Exit signs o Security systems (not fire protection system, sprinkler system, smoke detectors, or fire escapes) o Outdoor security lighting (not parking lot lighting) o Fire extinguishers o Decorative lighting and sconces (not light fixtures for central lighting) o Outdoor decorative lighting, such as that lighting signs o Telephone systems o Corridor handrails (not bathroom or stairway) o Raised floors to accommodate wirings in computer rooms The following costs have a 7-year recovery period with a mid year 200% declining balance: o Office furnishings o Cabinets and shelving o Bulletin boards o Conference or meeting room movable partitions A percentage of the development fee is also allowed in personal property. The percentage is calculated by taking the ratio of personal property cost, excluding development fee, to total development costs and multiplying the development fee by the calculated ratio. Land improvements Cost Recovery - Use 15-year recovery period using mid-year 150% declining balance or use MACRS Alternative Depreciation System ("ADS") 20 year straight-line depreciation if required pursuant to the Agreement. The following costs have a 15-year recovery period. Items allowed in this section are costs attributable to excavation, grading, and removing soil necessary to the proper setting of buildings. Other costs allowable in this section are as follows: o Roads and sidewalks o Concrete work (curb and gutter) o Fencing o Landscaping (including, but not limited to, trees and shrubs) around the building which would be destroyed if the building were replaced o Decorative walls which are part of the landscaping o Parking lot (resurfacing it later is deducted as an expense) o Initial parking lot striping (restriping it later is deducted as an expense) o Street lights and signs o Signs which identify the property or provide directions o Parking lot lighting (not outdoor security lighting) o Playground equipment o Basketball court and backboard o Tennis courts o Swimming pools o Jogging trails o Flag pole o Wastewater treatment plant and lift station to handle raw sewage o Interest expense capitalized and related to any of the above costs o The prorata portion of the general contractor/construction company profit, overhead, and general requirements and conditions allocable to items with a 15-year cost recovery period o The prorata portion of the developer fee, profit and overhead allocable to items with a 15-year cost recovery period Recovery of costs of sanitary sewer system and water utility/distribution system, including the sewer system outside the buildings - the following costs have a 20-year recovery period - 150% declining balance mid-year convention. o Fire hydrants o Manhole rings and covers o Watermeter o Gate valves o Flushing hydrants o Cast iron fittings o Valve boxes o Air release valves o Tapping sleeves o PVC water pipe (outside) o PVC sewer pipe (outside) o PVC sewer fittings EXHIBIT H TO THE PARTNERSHIP REPORT OF OPERATIONS QUARTER ENDED:____________________________,200X ------------------------------------- ----------------------------------- LOCAL PARTNERSHIP: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- GENERAL PARTNER: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- FIRM NAME: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- ADDRESS: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- CITY, STATE, ZIP: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- PHONE: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- PROPERTY NAME: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- ADDRESS: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- CITY, STATE, ZIP: ----------------------------------- ------------------------------------- ----------------------------------- RESIDENT MANAGER: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- PHONE: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- ACCOUNTANT: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- FIRM: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- ADDRESS: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- CITY, STATE, ZIP: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- PHONE: ------------------------------------- ----------------------------------- ------------------------------------ ----------------------------------- MANAGEMENT COMPANY ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- ADDRESS: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- CITY, STATE, ZIP: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- PHONE: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- CONTACT: ------------------------------------- ----------------------------------- OCCUPANCY INFORMATION
Appears in 1 contract
Sources: Limited Partnership Agreement (WNC Housing Tax Credit Fund Vi Lp Series 7)
Sincerely,. Exhibit E EXHIBIT F CONTRACTOR'S CERTIFICATE [Contractor's Letterhead] _______________, 200____ WNC HoldingHousing Tax Credit Fund VI, LLC L.P. Series 11 c/o WNC & Associates, Inc. ▇▇▇▇▇ ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ Re: ▇▇▇▇▇▇▇ Meadow Associates, Ltd. Staples Square Apartments Limited Partnership Ladies and Gentlemen: The undersigned ▇▇▇▇▇ Construction Company Inc.Voronyak Builders, Inc. (hereinafter referred to as "Contractor"), has furnished or through various contractors, sub-contractors, or material suppliers has contracted to furnish labor, services and/or materials to satisfy the Construction Contract (hereinafter collectively referred to as the "Work") in connection with the improvement of certain real property known as __________________ Staples Square Apartments located in GlencoeStaples, Etowah Wadena County, Alabama Minnesota (hereinafter known as the "Apartment Housing"). Any terms not defined herein shall have the meaning ascribed in the Amended and Restated Agreement of Limited Partnership of Staples Square Apartments Limited Partnership. Contractor makes the following representations representations, warranties and warranties covenants regarding the Work at the Apartment HousingHousing with full knowledge that the Limited Partner will rely on these representations, warranties and covenants as a condition to making its Capital Contribution payment to Staples Square Apartments Limited Partnership: o Work on said Apartment Housing has been performed and completed in accordance with the plans Plans and specifications Specifications for the Apartment Housing. o Contractor acknowledges that upon the Partnership's receipt of the Limited Partner's completion of construction placed in service Capital Contribution payment all amounts owed to Contractor, sub-contractor pursuant or material suppliers to complete the contract for Work performed for ▇▇▇▇▇▇▇ Meadow Associates, Ltd. will be paid in full. If not paid in full, then Contractor will defer any amounts owed to it until receipt of the next Capital Contribution payment. o Contractor acknowledges ▇▇▇▇▇▇▇ Meadow Associates, Ltd. is not in violation with terms and conditions of the contractual documents related to the Apartment Housing. o Contractor warrants that all other parties who have supplied Work for improvement of the Apartment Housing have been paid in full. o Contractor acknowledges Staples Square Apartments Limited Partnership is not in violation of any terms and conditions of the Construction Contract. o Contractor acknowledges that the contract Construction Contract has been paid in full and releases any lien or right to lien against all liens for the above propertyWork have been released. The undersigned has personal knowledge of the matters stated herein and is authorized and fully qualified to execute this document on behalf of the Contractor. [COMPANY NAME] Exhibit F VORONYAK BUILDERS, INC. By: :_____________________________ Name: ____________________ Title: ____________________ EXHIBIT G DEPRECIATION SCHEDULE Real Property: Use Modified Accelerated Cost Recovery System ("MACRS") 27.5 year straight-line depreciation using the mid-month. Real property includes buildings and building improvements._
Appears in 1 contract
Sources: Limited Partnership Agreement (WNC Housing Tax Credit Fund Vi Lp Series 11)
Sincerely,. EXHIBIT F CONTRACTOR'S CERTIFICATE [Contractor's Letterhead] _______________BORROWER: BRE-FMCF, 200____ WNC HoldingLLC, LLC c/o WNC & Associatesa Delaware limited liability company By: BRE Properties, Inc. ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ Re: ▇▇▇▇▇▇▇ Meadow Associates, Ltd. Ladies and Gentlemen: The undersigned ▇▇▇▇▇ Construction Company Inc., a Maryland corporation, its sole member By: ------------------------------- Name: ----------------------------- Title: ---------------------------- O-2 EXHIBIT P TO MASTER CREDIT FACILITY AGREEMENT FACILITY TERMINATION REQUEST THE MASTER AGREEMENT REQUIRES YOU TO PERMIT THE [VARIABLE] [FIXED] FACILITY COMMITMENT TO BE REDUCED TO THE AMOUNT DESIGNATED BY US, AT A CLOSING TO BE HELD AT OFFICES DESIGNATED BY YOU ON A CLOSING DATE SELECTED BY YOU, WITHIN FIFTEEN (hereinafter referred to as "Contractor"15) BUSINESS DAYS AFTER THE YOUR RECEIPT OF THE FACILITY TERMINATION REQUEST (OR ON SUCH OTHER DATE AS WE MAY AGREE), has furnished or has contracted to furnish laborIF ALL CONDITIONS CONTAINED IN SECTION 5.02(b) ARE SATISFIED. REFERENCE IS MADE TO THE MASTER AGREEMENT FOR THE SCOPE OF LENDER'S OBLIGATIONS WITH RESPECT TO THIS REQUEST. --------------------, services and/or materials (hereinafter collectively referred to as the "Work") in connection with the improvement of certain real property known as __________________ located in Glencoe, Etowah County, Alabama (hereinafter known as the "Apartment Housing"). Contractor makes the following representations and warranties regarding Work at the Apartment Housing: o Work on said Apartment Housing has been performed and completed in accordance with the plans and specifications for the Apartment Housing. o Contractor acknowledges that upon the Partnership's receipt of the Limited Partner's completion of construction Capital Contribution payment all amounts owed to contractor pursuant to the contract for Work performed for ▇▇▇▇▇▇▇ Meadow Associates, Ltd. will be paid in full. If not paid in full, then Contractor will defer any amounts owed to it until receipt of the next Capital Contribution payment. o Contractor acknowledges ▇▇▇▇▇▇▇ Meadow Associates, Ltd. is not in violation with terms and conditions of the contractual documents related to the Apartment Housing. o Contractor warrants that all other parties who have supplied Work for improvement of the Apartment Housing have been paid in full. o Contractor acknowledges that the contract has been paid in full and releases any lien or right to lien against the above property. The undersigned has personal knowledge of the matters stated herein and is authorized and fully qualified to execute this document on behalf of the Contractor. [COMPANY NAME] By------ VIA: _____________________________ NamePrudential Multifamily Mortgage, Inc. c/o Prudential Asset Resources ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ Suite 4200E Dallas, Texas 75201 Attn: ____________________ TitleDirector of Servicing [Note: ____________________ EXHIBIT G DEPRECIATION SCHEDULE Real PropertySubject to change in the event Lender or its address changes] Re: Use Modified Accelerated Cost Recovery System FACILITY TERMINATION REQUEST issued pursuant to Master Credit Facility Agreement, dated as of May 2, 2003, by and between the undersigned ("MACRSBorrower") 27.5 year straightand Lender (as amended from time to time, the "Master Agreement") Ladies and Gentlemen: This constitutes a Facility Termination Request pursuant to the terms of the above-line depreciation using the mid-month. Real property includes buildings and building improvementsreferenced Master Agreement.
Appears in 1 contract
Sources: Master Credit Facility Agreement (Bre Properties Inc /Md/)
Sincerely,. By: ---------------------------------------- Name: -------------------------------------- Title: ------------------------------------- ATTENTION TO ANY DEBTOR IN BANKRUPTCY OR WHO HAS RECEIVED A DISCHARGE IN BANKRUPTCY OR WHO MAY HAVE PAID, SETTLED OR IS OTHERWISE NOT OBLIGATED: Please be advised that this letter constitutes neither a demand for payment of the captioned debt nor a notice of personal liability to any recipient hereof who: might have received a discharge of such debt in accordance with applicable bankruptcy laws or who might be subject to the automatic stay of Section 362 of the United States B▇▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇d, or is otherwise not obligated by law. cc: ("Special Servicer") EXHIBIT F CONTRACTOR'S CERTIFICATE U FORM OF NOTICE OF MONITORING CERTIFICATEHOLDER [Contractor's LetterheadAvailable upon request of the Trustee] EXHIBIT V FORM OF NOTICE REGARDING PURCHASE OPTION EXERCISE [Letterhead of Master Servicer] [Date] [Option Holder] J.P. Morgan Chase Commercial Mortg▇▇▇ ▇▇▇▇▇▇▇ies Corp., Mortgage Pass-Through Certificates, Series 2001-CIBC2 ------------------------------------------------------- Ladies and Gentlemen: You are the holder of an assignable option (the "Purchase Option") to purchase Mortgage Loan number ____ from the Trust Fund, pursuant to Section 6.05 of the pooling and servicing agreement (the "Pooling and Servicing Agreement") dated as of July 1, 2001, by and among J.P. Morgan Chase Commercial Mortg▇▇▇ ▇▇▇▇▇▇▇i▇▇ ▇▇rp., as depositor, Wells Fargo Bank Minnesota, N.A., ▇▇ ▇▇ustee, First Union National Bank, as special servicer, and Midland Loan Services, Inc., as master servicer. Capitalized terms used herein and not otherwise defined shall have the meaning set forth in the Pooling and Servicing Agreement. This notice is to inform you that the exercise of your Purchase Option in respect of Mortgage Loan number ___, pursuant to your Purchase Option Notice dated _________, a copy of which is attached hereto, is effective. Pursuant to Section 6.05(a)(v) of the Pooling and Servicing Agreement and your Purchase Option Notice, closing of [your] [_________'s] acquisition of Mortgage Loan number ___ shall occur within ten (10) Business Days of your receipt of this notice, at the place and in the manner described below. [Describe closing mechanics. Describe documents or instruments required to be prepared by Option Holder in connection with assignment and release of the related Mortgage Loan.] Upon payment of the Option Price, Mortgage Loan number ___ and the related Mortgaged Property will be released and the related Mortgage Loan File will be delivered to [you] [__________] or at [your] [_________'s] direction. Drafts of such instruments of transfer or assignment, in each case without recourse, reasonably necessary to vest in [you] or [________] the ownership of Mortgage Loan ____, together with [describe other documents or instruments reasonably required to consummate the purchase] should be delivered to [_______________, 200____ WNC Holding, LLC c/o WNC & Associates, Inc. ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ Re: ▇▇▇▇▇▇▇ Meadow Associates, Ltd. Ladies and Gentlemen: The undersigned ▇▇▇▇▇ Construction Company Inc., (hereinafter referred to ] for review as "Contractor"), has furnished or has contracted to furnish labor, services and/or materials (hereinafter collectively referred to soon as the "Work") in connection with the improvement of certain real property known as __________________ located in Glencoe, Etowah County, Alabama (hereinafter known as the "Apartment Housing")is practicable. Contractor makes the following representations and warranties regarding Work at the Apartment Housing: o Work on said Apartment Housing has been performed and completed in accordance with the plans and specifications for the Apartment Housing. o Contractor acknowledges that upon the Partnership's [Provide Master Servicer contact information.] Please acknowledge receipt of this letter by signing the Limited Partner's completion of construction Capital Contribution payment all amounts owed enclosed copy and return it to contractor pursuant to the contract for Work performed for ▇▇▇▇▇▇▇ Meadow Associates, Ltd. will be paid in full. If not paid in full, then Contractor will defer any amounts owed to it until receipt of the next Capital Contribution payment. o Contractor acknowledges ▇▇▇▇▇▇▇ Meadow Associates, Ltd. is not in violation with terms and conditions of the contractual documents related to the Apartment Housing. o Contractor warrants that all other parties who have supplied Work for improvement of the Apartment Housing have been paid in full. o Contractor acknowledges that the contract has been paid in full and releases any lien or right to lien against the above property. The undersigned has personal knowledge of the matters stated herein and is authorized and fully qualified to execute this document on behalf of the Contractor. [COMPANY NAME] By: _____________________________ Name: ____________________ Title: ____________________ EXHIBIT G DEPRECIATION SCHEDULE Real Property: Use Modified Accelerated Cost Recovery System ("MACRS") 27.5 year straight-line depreciation using the mid-month. Real property includes buildings and building improvementsmy attention.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Jp Morgan Chase Commercial Mortgage Securities Corp)
Sincerely,. EXHIBIT F CONTRACTOR'S CERTIFICATE [Contractor's Letterhead] _______________, 200____ WNC Holding, LLC c/o WNC & Associates, Inc. s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ --------------------- ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ Chairman Rate Setting Commission [Letterhead of The Commonwealth of Massachusetts] March 23, 1993 CERTIFIED MAIL RETURN RECEIPT REQUESTED ▇▇. ▇▇▇▇▇▇▇ ▇. Fleming NOTICE OF PUBLIC HEALTH 80 Park Street COUNCIL ACTION ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ Re: PREVIOUSLY APPROVED DoN #2-1205 Heritage Manor Nursing Home Dear ▇▇. ▇▇▇▇▇▇▇ Meadow Associates▇: At their meeting of February 23, Ltd. Ladies 1993, the Commissioner and Gentlementhe Public Health Council, acting together as the Department voted pursuant to M.G.L., c.111, s.25C and the Regulations adopted thereunder to approve with conditions the extension of the DoN authorization period for Determination of Need Project #2-1205 referenced above. The reason for the Public Health Council's action is as follows: The undersigned ▇▇▇▇▇ Construction Company Inc., (hereinafter referred to as "Contractor"), has furnished or has contracted to furnish labor, services and/or materials (hereinafter collectively referred to as Department found good cause was shown for granting the "Work") in connection with the improvement of certain real property known as __________________ located in Glencoe, Etowah County, Alabama (hereinafter known as the "Apartment Housing"). Contractor makes the following representations and warranties regarding Work at the Apartment Housing: o Work on said Apartment Housing has been performed and completed in accordance with the plans and specifications for the Apartment Housing. o Contractor acknowledges that upon the Partnership's receipt extension of the Limited Partner's completion of construction Capital Contribution payment all amounts owed to contractor DoN authorization period for Project #2-1205 pursuant to DoN Regulations 105 CMR l00.551(E1/2)(1)(a)1. The holder was unable to make substantial and continuing progress within the contract for Work performed for period of authorization because of unreasonably excessive delay on the part of the Department in processing the request. Written comments submitted by Mountain, Dearborn, & ▇▇▇▇▇▇▇ Meadow Associates▇, Ltd. will be paid in full. If not paid in fullCounselors at Law, then Contractor will defer any amounts owed representing Shrewsbury Nursing Home, Inc. objected to it until receipt the request for extension of the next Capital Contribution payment. o Contractor acknowledges ▇▇▇▇▇▇▇ Meadow Associates, Ltd. authorization period because the holder did not meet the requirements for granting of an extension due to failure to make substantial and continuing progress; and because transfer of site is not good cause for granting a DoN extension. The Department determined that the objections were unwarranted as substantial and continuing progress towards completion is not a prerequisite to an extension, in violation with terms and fact, an extension would not be needed if a holder were engaged in such progress. Additionally, the holder alleged in its filing unreasonably excessive delay on the part of the Department in processing transfer of site requests. Heritage Manor Nursing Home -2- Project #2-1205 The conditions of the contractual documents related to the Apartment Housing. o Contractor warrants that all other parties who have supplied Work for improvement of the Apartment Housing have been paid in full. o Contractor acknowledges that the contract has been paid in full and releases any lien or right to lien against the above property. The undersigned has personal knowledge of the matters stated herein and is authorized and fully qualified to execute this document on behalf of the Contractor. [COMPANY NAME] By: _____________________________ Name: ____________________ Title: ____________________ EXHIBIT G DEPRECIATION SCHEDULE Real Property: Use Modified Accelerated Cost Recovery System ("MACRS") 27.5 year straight-line depreciation using the mid-month. Real property includes buildings and building improvements.approval are as follows:
Appears in 1 contract
Sincerely,. Exhibit E EXHIBIT F TO THE PARTNERSHIP AGREEMENT [CONTRACTOR'S CERTIFICATE CERTIFICATE] [Contractor's LetterheadCONTRACTOR'S LETTERHEAD] _______________, 200____ WNC HoldingHousing Tax Credit Fund VI, LLC L.P. Series 11 c/o WNC & Associates, Inc. ▇▇▇▇▇ ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇, ▇ Attn: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇ Re: ▇▇▇▇▇▇▇ Meadow AssociatesFDI-BB 2003, Ltd. LTD. Dear Ladies and Gentlemen: The undersigned ▇▇▇▇▇ Construction Company Inc., ______________________ (hereinafter referred to as "Contractor"), has furnished or has contracted to furnish labor, services and/or materials (hereinafter collectively referred to as the "Work") in connection with the improvement of certain real property known as __________________ Bayou Bend Apartments located in GlencoeWaller, Etowah ▇▇▇▇▇▇ County, Alabama Texas (hereinafter known as the "Apartment Housing"). Contractor makes the following representations and warranties regarding Work at the Apartment Housing: . o Work on said Apartment Housing has been performed and completed in accordance with the plans and specifications for the Apartment Housing. o Contractor acknowledges that upon the Partnership's receipt of the Limited Partner's completion of construction Capital Contribution payment all amounts owed to contractor pursuant to the contract for Work performed for ▇▇▇▇▇▇▇ Meadow AssociatesFDI-BB 2003, Ltd. will be LTD. is paid in full. If not paid in full, then Contractor will defer any amounts owed to it until receipt of the next Capital Contribution payment. o Contractor acknowledges ▇▇▇▇▇▇▇ Meadow Associatescknowledges that FDI-BB 2003, Ltd. LTD. is not in violation with terms and conditions of the contractual documents related to the Apartment Housing. o Contractor warrants that all other parties who have supplied Work for improvement of the Apartment Housing have been paid in full. o Contractor acknowledges that the contract has been to be paid in full and releases any lien or right to lien against the above property. The undersigned has personal knowledge of the matters stated herein and is authorized and fully qualified to execute this document on behalf of the Contractor. [COMPANY NAME] (NAME OF COMPANY) By: _____________________________ Name: ____________________ ------------------------ Title: ____________________ EXHIBIT G DEPRECIATION SCHEDULE Real Property--------------------- Exhibit F TAX CREDIT COMPLIANCE MONITORING: Use Modified Accelerated Cost Recovery System ("MACRS") 27.5 year straightANNUAL CERTIFICATION As General Partner of FDI-line depreciation using BB 2003, LTD., I hereby certify as to the mid-month. Real property includes buildings and building improvements.following:
Appears in 1 contract
Sources: Limited Partnership Agreement (WNC Housing Tax Credit Fund Vi Lp Series 11)
Sincerely,. PENWEST PHARMACEUTICALS CO. By --------------------------------- Name ------------------------------- Title ------------------------------ SCHEDULES TO COMPLIANCE CERTIFICATE Schedule 1 - Non-Compliance with Covenants Schedule 2 - Business Locations and Names of Borrowers and Guarantors Schedule 3 - Tax Liens; Unpaid Tax or Withholding Obligations Schedule 4 - List of all Deposit Accounts and Securities Accounts of Borrowers and Guarantors Schedule 5 -Pending Litigation; Inquiries or Investigations; Defaults under Material Contracts Schedule 6 - Newly Acquired Intellectual Property and Intellectual Property Licenses Schedules to Compliance Certificate of Credit and Security Agreement (▇▇▇▇▇▇▇ ▇▇▇▇▇ LOGO) EXHIBIT F CONTRACTOR'S CERTIFICATE C TO CREDIT AND SECURITY AGREEMENT [Contractor's LetterheadRESERVED] ____Exhibit C to Credit and Security Agreement (▇▇▇▇▇▇▇ ▇▇▇▇▇ LOGO) EXHIBIT D TO CREDIT AND SECURITY AGREEMENT (NOTICE OF BORROWING) BORROWER REPRESENTATIVE DATE: ___________, 200______ WNC Holding, LLC c/o WNC & Associates, Inc. ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ Re: ▇▇▇▇▇▇▇ Meadow Associates, Ltd. Ladies and Gentlemen: The undersigned ▇▇▇▇▇ Construction Company Inc., (hereinafter referred to as "Contractor"), has furnished or has contracted to furnish labor, services and/or materials (hereinafter collectively referred to as the "Work") in connection with the improvement of certain real property known as This certificate is given by __________________ located in Glencoe, Etowah County, Alabama (hereinafter known as the "Apartment Housing"). Contractor makes the following representations and warranties regarding Work at the Apartment Housing: o Work on said Apartment Housing has been performed and completed in accordance with the plans and specifications for the Apartment Housing. o Contractor acknowledges that upon the Partnership's receipt of the Limited Partner's completion of construction Capital Contribution payment all amounts owed to contractor pursuant to the contract for Work performed for ▇▇▇▇▇▇▇ Meadow Associates, Ltd. will be paid in full. If not paid in full, then Contractor will defer any amounts owed to it until receipt of the next Capital Contribution payment. o Contractor acknowledges ▇▇▇▇▇▇▇ Meadow Associates, Ltd. is not in violation with terms and conditions of the contractual documents related to the Apartment Housing. o Contractor warrants that all other parties who have supplied Work for improvement of the Apartment Housing have been paid in full. o Contractor acknowledges that the contract has been paid in full and releases any lien or right to lien against the above property. The undersigned has personal knowledge of the matters stated herein and is authorized and fully qualified to execute this document on behalf of the Contractor. [COMPANY NAME] By: ___, a Responsible Officer of Penwest Pharmaceuticals Co. ("BORROWER REPRESENTATIVE"), pursuant to Section 2.1(b)(i) of that certain Credit and Security Agreement dated as of March ___, 2007 among Borrower Representative, ________________________ Name: and any additional Borrower that may be a party thereto or from time to time be added thereto (collectively, "BORROWERS"), the Lenders from time to time party thereto and ▇▇▇▇▇▇▇ ▇▇▇▇▇ Capital, a division of ▇▇▇▇▇▇▇ ▇▇▇▇▇ Business Financial Services Inc., as Administrative Agent for Lenders (as such agreement may have been amended, restated, supplemented or otherwise modified from time to time the "CREDIT AGREEMENT"). Capitalized terms used herein without definition shall have the meanings set forth in the Credit Agreement. The undersigned Responsible Officer hereby gives notice to Administrative Agent of Borrower Representative's request to on ________________ ___, 2007 borrow _____________________ Title: Dollars ($____________________ EXHIBIT G DEPRECIATION SCHEDULE Real Property: Use Modified Accelerated Cost Recovery System ) of the Term Loan. The undersigned officer hereby certifies in his or her capacity as an officer of the Borrower Representative that, both before and after giving effect to the request above ("MACRS"a) 27.5 year straight-line depreciation using each of the mid-month. Real property includes buildings conditions precedent set forth in Sections 7.1 and building improvements7.2 have been satisfied, (b) all of the representations and warranties contained in the Credit Agreement and the other Financing Documents are true, correct and complete in all respects (or in all material respects if such representation, warranty, certification or statement is not by its terms already qualified as to materiality) as of the date hereof, except to the extent such representation or warranty relates to a specific date, in which case such representation or warranty is true, correct and complete in all respects (or in all material respects if such representation, warranty, certification or statement is not by its terms already qualified as to materiality) as of such earlier date, and (c) no Default or Event of Default has occurred and is continuing on the date hereof.
Appears in 1 contract
Sources: Credit and Security Agreement (Penwest Pharmaceuticals Co)
Sincerely,. EXHIBIT F TO THE PARTNERSHIP AGREEMENT [CONTRACTOR'S CERTIFICATE CERTIFICATE] [Contractor's Letterhead] _______________, 200____ WNC Holding, LLC c/o WNC & Associates, Inc. ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ Re: ▇▇▇▇▇▇▇ Meadow Associates, Ltd. Saw Mill Creek II Limited Dividend Housing Association Limited Partnership Dear Ladies and Gentlemen: The undersigned ▇▇▇▇▇ Construction Company Inc.CCC Construction, (hereinafter referred to as "Contractor"), has furnished or has contracted to furnish labor, services and/or materials (hereinafter collectively referred to as the "Work") in connection with the improvement of certain real property known as __________________ located in GlencoeVicksburg, Etowah Kalamazoo County, Alabama Michigan (hereinafter known as the "Apartment Housing"). Contractor makes the following representations and warranties regarding Work at the Apartment Housing: . o Work on said Apartment Housing has been performed and completed in accordance with the plans and specifications for the Apartment Housing. o Contractor acknowledges that upon the Partnership's receipt of the Limited Partner's completion of construction Capital Contribution payment all amounts owed to contractor pursuant to the contract for Work performed for ▇▇▇▇▇▇▇ Meadow Associates, Ltd. will be Saw Mill Creek II Limited Dividend Housing Association Limited Partnership is paid in full. If not paid in full, then Contractor will defer any amounts owed to it until receipt of the next Capital Contribution payment. o Contractor acknowledges ▇▇▇▇▇▇▇ Meadow Associates, Ltd. that Saw Mill Creek II Limited Dividend Housing Association Limited Partnership is not in violation with terms and conditions of the contractual documents related to the Apartment Housing. o Contractor warrants that all other parties who have supplied Work for improvement of the Apartment Housing have been paid in full. o Contractor acknowledges that the contract has been to be paid in full and releases any lien or right to lien against the above property. The undersigned has personal knowledge of the matters stated herein and is authorized and fully qualified to execute this document on behalf of the Contractor. [COMPANY NAME] (NAME OF COMPANY) By: _____________________________ Name: ____________________ Title: ________________________________________ EXHIBIT G DEPRECIATION SCHEDULE TO THE PARTNERSHIP Real Property: Use Modified Accelerated Cost Recovery System ("MACRS") 27.5 year straight-line depreciation using the midmid month convention or use MACRS Alternative Depreciation System ("ADS") 40 year straight-monthline depreciation if required pursuant to the Agreement. Real property Property includes buildings and building improvements.. Personal property: Use 5-year recovery period using mid-year 200% declining balance, if it relates to residential real estate or use MACRS Alternative Depreciation System ("ADS") 12 year straight-line depreciation if required pursuant to the Agreement. Personal property related to commercial space must use a 7-year recovery period using mid year 200% declining balance. The following costs have a 5-year recovery period: o Removable appliances (not central climate control system equipment or water heaters) o Draperies, blinds and shades, if they would be reusable if removed o Carpeting, if its removal would not destroy the underlying floor o Vinyl flooring, if its removal would be easy and not destroy the underlying floor o Common area furnishings o Photocopy equipment o Calculators, adding machines o Typewriters o Computers o Wall coverings, if their removal would not destroy the underlying wall o Exit signs o Security systems (not fire protection system, sprinkler system, smoke detectors, or fire escapes) o Outdoor security lighting (not parking lot lighting) o Fire extinguishers o Decorative lighting and sconces (not light fixtures for central lighting) o Outdoor decorative lighting, such as that lighting signs o Telephone systems o Corridor handrails (not bathroom or stairway) o Raised floors to accommodate wirings in computer rooms The following costs have a 7-year recovery period with a mid year 200% declining balance: o Office furnishings o Cabinets and shelving o Bulletin boards o Conference or meeting room movable partitions A percentage of the development fee is also allowed in personal property. The percentage is calculated by taking the ratio of personal property cost, excluding development fee, to total development costs and multiplying the development fee by the calculated ratio. Land improvements Cost Recovery - Use 15-year recovery period using mid-year 150% declining balance or use MACRS Alternative Depreciation System ("ADS") 20 year straight-line depreciation if required pursuant to the Agreement. The following costs have a 15-year recovery period. Items allowed in this section are costs attributable to excavation, grading, and removing soil necessary to the proper setting of buildings. Other costs allowable in this section are as follows: o Roads and sidewalks o Concrete work (curb and gutter) o Fencing o Landscaping (including, but not limited to, trees and shrubs) around the building which would be destroyed if the building were replaced o Decorative walls which are part of the landscaping o Parking lot (resurfacing it later is deducted as an expense) o Initial parking lot striping (restriping it later is deducted as an expense) o Street lights and signs o Signs which identify the property or provide directions o Parking lot lighting (not outdoor security lighting) o Playground equipment o Basketball court and backboard o Tennis courts o Swimming pools o Jogging trails o Flag pole o Wastewater treatment plant and lift station to handle raw sewage o Interest expense capitalized and related to any of the above costs o The prorata portion of the general contractor/construction company profit, overhead, and general requirements and conditions allocable to items with a 15-year cost recovery period o The prorata portion of the developer fee, profit and overhead allocable to items with a 15-year cost recovery period Recovery of costs of sanitary sewer system and water utility/distribution system, including the sewer system outside the buildings - the following costs have a 20-year recovery period - 150% declining balance mid-year convention. o Fire hydrants o Manhole rings and covers o Watermeter o Gate valves o Flushing hydrants o Cast iron fittings o Valve boxes o Air release valves o Tapping sleeves o PVC water pipe (outside) o PVC sewer pipe (outside) o PVC sewer fittings EXHIBIT H TO THE PARTNERSHIP AGREEMENT REPORT OF OPERATIONS QUARTER ENDED: ____________________, 200X ------------------------------------- ----------------------------------- LOCAL PARTNERSHIP: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- GENERAL PARTNER: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- FIRM NAME: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- ADDRESS: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- CITY, STATE, ZIP: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- PHONE: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- PROPERTY NAME: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- ADDRESS: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- CITY, STATE, ZIP: ----------------------------------- ------------------------------------- ----------------------------------- RESIDENT MANAGER: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- PHONE: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- ACCOUNTANT: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- FIRM: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- ADDRESS: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- CITY, STATE, ZIP: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- PHONE: ------------------------------------- ----------------------------------- ------------------------------------ ----------------------------------- MANAGEMENT COMPANY ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- ADDRESS: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- CITY, STATE, ZIP: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- PHONE: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- CONTACT: ------------------------------------- ----------------------------------- -------------------------------------------------------------------------------
Appears in 1 contract
Sources: Limited Partnership Agreement (WNC Housing Tax Credit Fund Vi Lp Series 9)
Sincerely,. EXHIBIT F CONTRACTOR'S CERTIFICATE [Contractor's Letterhead] s/ Arent Fox PLLC _______________, 200____ WNC Holding, LLC c/o WNC & Associates, Inc. ▇Arent Fox PLLC (Logo) Pioneer Behavioral Health ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ Re: (▇▇▇) ▇▇▇-▇▇▇▇ Fax (▇▇▇) ▇▇▇-▇▇▇▇ December 19, 2006 Camden Partners Limited Partnership c/o Camden Partners Holdings, LLC ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇ Meadow Associates, Ltd. Ladies and Suite 1200 Baltimore, Maryland 21202 Re: PHC. Inc. Gentlemen: The undersigned ▇▇▇▇▇ Construction Company I have acted as in-house counsel for PHC, Inc., a Massachusetts corporation (hereinafter referred to as the "ContractorCompany"), has furnished or has contracted to furnish labor, services and/or materials (hereinafter collectively referred to as the "Work") in connection with the improvement sale by the Company to Camden Partners Limited Partnership, a Delaware limited partnership (the "Purchaser" or "you"), of certain real property known 961,539 shares of the Company's Class A Common Stock, par value $0.01 per share (the "Shares"), pursuant to the Securities Purchase Agreement dated as __________________ located in Glencoeof December 19, Etowah County2006 (the "Purchase Agreement") between the Company the Purchaser and the execution and delivery by the Company of the Registration Rights Agreement dated as of December 19, Alabama 2006 (hereinafter known the "Registration Rights Agreement") between the Company the Purchaser. The Purchase Agreement and the Registration Rights Agreement are referred to herein collectively as the "Apartment Housing")Agreements." Unless otherwise defined herein, capitalized terms used herein have the respective meaning given them in the Agreements. Contractor makes In rendering this opinion, I have made such legal and factual examinations and inquiries as I have deemed advisable or necessary for the following purpose of rendering this opinion. As to matters of fact material to the opinions expressed herein, I have relied without independent investigation upon the representations and warranties regarding Work at as to factual matters contained in and made by the Apartment Housing: o Work on said Apartment Housing has been performed and completed in accordance with the plans and specifications for the Apartment Housing. o Contractor acknowledges that upon the Partnership's receipt of the Limited Partner's completion of construction Capital Contribution payment all amounts owed to contractor Company pursuant to the contract for Work performed for ▇▇▇▇▇▇▇ Meadow Associates, Ltd. will be paid in full. If not paid in full, then Contractor will defer any amounts owed to it until receipt Purchase Agreement and upon certificates and statements of government officials and of officers of the next Capital Contribution paymentCompany. o Contractor acknowledges ▇▇▇▇▇▇▇ Meadow AssociatesIn addition, Ltd. is not in violation with terms I have examined originals or copies of documents, corporate records and conditions other writings which I consider relevant for the purposes of this opinion. In such examination, I have assumed the genuineness of all signatures on original documents, the conformity to original documents of all copies submitted to me and the due execution and delivery of all documents (except for the due execution and delivery of the contractual documents related Agreements by the Company) where due execution and delivery are a prerequisite to the Apartment Housingeffectiveness thereof. o Contractor warrants that all other parties who As used in this opinion, the expression "to my knowledge" or "known to me" with reference to matters of fact refers to my current actual knowledge, after an examination of documents referred to herein and after the examinations and inquiries described in the foregoing paragraph. Except to the extent expressly Camden Partners Limited Partnership December 19,2006 Page 2 set forth herein, I have supplied Work for improvement not undertaken any independent investigation to determine the existence or absence of the Apartment Housing have been paid in full. o Contractor acknowledges that the contract has been paid in full any facts, and releases any lien or right no inference as to lien against the above property. The undersigned has personal my knowledge of the matters stated herein and is authorized and fully qualified to execute this document on behalf existence or absence or any such facts should be drawn from my representation of the ContractorCompany or the rendering of the opinions set forth below. [COMPANY NAME] By: _____________________________ Name: ____________________ Title: ____________________ EXHIBIT G DEPRECIATION SCHEDULE Real Property: Use Modified Accelerated Cost Recovery System I express no opinion as to matters governed by any laws other than the laws of the Commonwealth of Massachusetts. To the extent that laws other than the foregoing are . applicable. with respect to matters set forth in this opinion, I have assumed that such laws are either identical to, or would be applied in a manner consistent with, the laws of the Commonwealth of Massachusetts. I assume no obligation to supplement this letter if my of the applicable laws change in any manner. In rendering the opinion set forth in paragraph ("MACRS"a) 27.5 year straight-line depreciation using below, I have relied exclusively on my inspection of the mid-monthcorporate records available for inspection through the web page maintained by Corporations Division of the Massachusetts Secretary of the Commonwealth. Real property includes buildings Based upon foregoing and building improvements.subject to the qualifications set forth herein, I am of the opinion that:
Appears in 1 contract
Sincerely,. EXHIBIT F TO THE PARTNERSHIP AGREEMENT [CONTRACTOR'S CERTIFICATE CERTIFICATE] [Contractor's Letterhead] _______________, 200____ WNC HoldingHousing Tax Credit Fund VI, LLC L.P., Series 7 c/o WNC & Associates, Inc. ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ Re: ▇▇▇▇▇▇▇ Meadow AssociatesACN Southern Hills Partners II, Ltd. L.P. Dear Ladies and Gentlemen: The undersigned ▇▇▇▇▇ Construction Company Inc.Colby Development Company, (hereinafter referred to as "Contractor"), has furnished or has contracted to furnish labor, services and/or materials (hereinafter collectively referred to as the "Work") in connection with the improvement of certain real property known as __________________ located in GlencoeOskaloosa, Etowah Mahaska County, Alabama Iowa (hereinafter known as the "Apartment Housing"). Contractor makes the following representations and warranties regarding Work at the Apartment Housing: . o Work on said Apartment Housing has been performed and completed in accordance with the plans and specifications for the Apartment Housing. o Contractor acknowledges that upon the Partnership's receipt of the Limited Partner's completion of construction Capital Contribution payment all amounts owed to contractor pursuant to the contract for Work performed for ▇▇▇▇▇▇▇ Meadow AssociatesACN Southern Hills Partners II, Ltd. will be L.P. is paid in full. If not paid in full, then Contractor will defer any amounts owed to it until receipt of the next Capital Contribution payment. o Contractor acknowledges ▇▇▇▇▇▇▇ Meadow Associatesthat ACN Southern Hills Partners II, Ltd. L.P. is not in violation with terms and conditions of the contractual documents related to the Apartment Housing. o Contractor warrants that all other parties who have supplied Work for improvement of the Apartment Housing have been paid in full. o Contractor acknowledges that the contract has been to be paid in full and releases any lien or right to lien against the above property. The undersigned has personal knowledge of the matters stated herein and is authorized and fully qualified to execute this document on behalf of the Contractor. [COMPANY NAME] (NAME OF COMPANY) By: :_________________________________________ Name: Title:____________________ Title: _____________________ EXHIBIT G DEPRECIATION SCHEDULE TO THE PARTNERSHIP Real Property: Use Modified Accelerated Cost Recovery System ("MACRS") 27.5 year straight-line depreciation using the midmid month convention or use MACRS Alternative Depreciation System ("ADS") 40 year straight-monthline depreciation if required pursuant to the Agreement. Real property Property includes buildings and building improvements.. Personal property: Use 5-year recovery period using mid-year 200% declining balance, if it relates to residential real estate or use MACRS Alternative Depreciation System ("ADS") 12 year straight-line depreciation if required pursuant to the Agreement. Personal property related to commercial space must use a 7-year recovery period using mid year 200% declining balance. The following costs have a 5-year recovery period: o Removable appliances (not central climate control system equipment or water heaters) o Draperies, blinds and shades, if they would be reusable if removed o Carpeting, if its removal would not destroy the underlying floor o Vinyl flooring, if its removal would be easy and not destroy the underlying floor o Common area furnishings o Photocopy equipment o Calculators, adding machines o Typewriters o Computers o Wall coverings, if their removal would not destroy the underlying wall o Exit signs o Security systems (not fire protection system, sprinkler system, smoke detectors, or fire escapes) o Outdoor security lighting (not parking lot lighting) o Fire extinguishers o Decorative lighting and sconces (not light fixtures for central lighting) o Outdoor decorative lighting, such as that lighting signs o Telephone systems o Corridor handrails (not bathroom or stairway) o Raised floors to accommodate wiriness in computer rooms The following costs have a 7-year recovery period with a mid year 200% declining balance: o Office furnishings o Cabinets and shelving o Bulletin boards o Conference or meeting room movable partitions A percentage of the development fee is also allowed in personal property. The percentage is calculated by taking the ratio of personal property cost, excluding development fee, to total development costs and multiplying the development fee by the calculated ratio. Land improvements Cost Recovery - Use 15-year recovery period using mid-year 150% declining balance or use MACRS Alternative Depreciation System ("ADS") 20 year straight-line depreciation if required pursuant to the Agreement. The following costs have a 15-year recovery period. Items allowed in this section are costs attributable to excavation, grading, and removing soil necessary to the proper setting of buildings. Other costs allowable in this section are as follows: o Roads and sidewalks o Concrete work (curb and gutter) o Fencing o Landscaping (including, but not limited to, trees and shrubs) around the building which would be destroyed if the building were replaced o Decorative walls which are part of the landscaping o Parking lot (resurfacing it later is deducted as an expense) o Initial parking lot striping (restriping it later is deducted as an expense) o Street lights and signs o Signs which identify the property or provide directions o Parking lot lighting (not outdoor security lighting) o Playground equipment o Basketball court and backboard o Tennis courts o Swimming pools o Jogging trails o Flag pole o Wastewater treatment plant and lift station to handle raw sewage o Interest expense capitalized and related to any of the above costs o The prorata portion of the general contractor/construction company profit, overhead, and general requirements and conditions allocable to items with a 15-year cost recovery period o The prorata portion of the developer fee, profit and overhead allocable to items with a 15-year cost recovery period Recovery of costs of sanitary sewer system and water utility/distribution system, including the sewer system outside the buildings - the following costs have a 20-year recovery period - 150% declining balance mid-year convention. o Fire hydrants o Manhole rings and covers o Watermeter o Gate valves o Flushing hydrants o Cast iron fittings o Valve boxes o Air release valves o Tapping sleeves o PVC water pipe (outside) o PVC sewer pipe (outside) o PVC sewer fittings EXHIBIT H TO THE PARTNERSHIP REPORT OF OPERATIONS QUARTER ENDED:____________________________,200X ------------------------------------- ----------------------------------- LOCAL PARTNERSHIP: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- GENERAL PARTNER: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- FIRM NAME: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- ADDRESS: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- CITY, STATE, ZIP: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- PHONE: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- PROPERTY NAME: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- ADDRESS: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- CITY, STATE, ZIP: ----------------------------------- ------------------------------------- ----------------------------------- RESIDENT MANAGER: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- PHONE: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- ACCOUNTANT: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- FIRM: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- ADDRESS: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- CITY, STATE, ZIP: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- PHONE: ------------------------------------- ----------------------------------- ------------------------------------ ----------------------------------- MANAGEMENT COMPANY ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- ADDRESS: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- CITY, STATE, ZIP: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- PHONE: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- CONTACT: ------------------------------------- ----------------------------------- OCCUPANCY INFORMATION
Appears in 1 contract
Sources: Limited Partnership Agreement (WNC Housing Tax Credit Fund Vi Lp Series 7)
Sincerely,. Exhibit E EXHIBIT F TO THE PARTNERSHIP AGREEMENT [CONTRACTOR'S CERTIFICATE CERTIFICATE] [Contractor's LetterheadCONTRACTOR'S LETTERHEAD] _______________, 200____ WNC HoldingHousing Tax Credit Fund VI, LLC L.P. Series 10 c/o WNC & Associates, Inc. ▇▇▇▇▇ ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇, ▇ Attn: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇ Re: ▇▇▇▇▇▇▇ Meadow AssociatesFDI-PM 2003, Ltd. LTD. Dear Ladies and Gentlemen: The undersigned ▇▇▇▇▇ Construction Company Inc., ______________________ (hereinafter referred to as "Contractor"), has furnished or has contracted to furnish labor, services and/or materials (hereinafter collectively referred to as the "Work") in connection with the improvement of certain real property known as __________________ Pine ▇▇▇▇▇▇▇ Apartments located in GlencoePrairie View, Etowah ▇▇▇▇▇▇ County, Alabama Texas (hereinafter known as the "Apartment Housing"). Contractor makes the following representations and warranties regarding Work at the Apartment Housing: . o Work on said Apartment Housing has been performed and completed in accordance with the plans and specifications for the Apartment Housing. o Contractor acknowledges that upon the Partnership's receipt of the Limited Partner's completion of construction Capital Contribution payment all amounts owed to contractor pursuant to the contract for Work performed for ▇▇▇▇▇▇▇ Meadow AssociatesFDI-PM 2003, Ltd. will be LTD. is paid in full. If not paid in full, then Contractor will defer any amounts owed to it until receipt of the next Capital Contribution payment. o Contractor acknowledges ▇▇▇▇▇▇▇ Meadow Associatesthat FDI-PM 2003, Ltd. LTD. is not in violation with terms and conditions of the contractual documents related to the Apartment Housing. o Contractor warrants that all other parties who have supplied Work for improvement of the Apartment Housing have been paid in full. o Contractor acknowledges that the contract has been to be paid in full and releases any lien or right to lien against the above property. The undersigned has personal knowledge of the matters stated herein and is authorized and fully qualified to execute this document on behalf of the Contractor. [COMPANY NAME] (NAME OF COMPANY) By: _____________________________ Name: ____________________ ------------------------------------ Title: ____________________ EXHIBIT G DEPRECIATION SCHEDULE Real Property--------------------------------- Exhibit F TAX CREDIT COMPLIANCE MONITORING: Use Modified Accelerated Cost Recovery System ("MACRS") 27.5 year straightANNUAL CERTIFICATION As General Partner of FDI-line depreciation using PM 2003, LTD., I hereby certify as to the mid-month. Real property includes buildings and building improvements.following:
Appears in 1 contract
Sources: Limited Partnership Agreement (WNC Housing Tax Credit Fund Vi Lp Series 10)
Sincerely,. EXHIBIT F [CONTRACTOR'S CERTIFICATE CERTIFICATE] [Contractor's Letterhead] _______________, 200____ WNC HoldingHousing Tax Credit Fund VI Series 12, LLC L.P. c/o WNC & Associates, Inc. ▇▇▇▇▇ ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ Re: ▇▇▇▇▇▇▇ Meadow AssociatesSaltgrass Landing Apartments, Ltd. Dear Ladies and Gentlemen: The undersigned ▇▇▇▇▇ Construction Company Criscourt Construction, Inc., (hereinafter referred to as "Contractor"), has furnished or through various contractors, sub-contractors or material suppliers has contracted to furnish labor, services and/or materials (hereinafter collectively referred to as the "Work") in connection with the improvement of certain real property known as __________________ located in GlencoeRockport, Etowah Aransas County, Alabama Texas (hereinafter known as the "Apartment Housing"). Any terms not defined herein shall have the meaning ascribed in the Second Amended and Restated Agreement of Limited Partnership of Saltgrass Landing Apartments, Ltd. Contractor makes the following representations representations, warranties and warranties covenants regarding the Work at the Apartment Housing: Housing with full knowledge that the Limited Partner will rely on these representations, warranties and covenants as a condition to making its Capital Contribution payment to Saltgrass Landing Apartments, Ltd. o Work on said Apartment Housing has been performed and completed in accordance with the plans Plans and specifications Specifications for the Apartment Housing. o Contractor acknowledges that upon the Partnership's receipt of the Limited Partner's completion of construction placed in service Capital Contribution payment payment, all amounts owed to Contractor, sub-contractor pursuant or material suppliers to complete the contract for Work performed for ▇▇▇▇▇▇▇ Meadow Associates, Ltd. will be paid in full. If not paid in full, then Contractor will defer any amounts owed to it until receipt of the next Capital Contribution payment. o Contractor acknowledges ▇▇▇▇▇▇▇ Meadow Associates, Ltd. is not in violation with terms and conditions of the contractual documents related to the Apartment Housing. o Contractor warrants that all other parties who have supplied Work for improvement of the Apartment Housing have been paid in full. o Contractor acknowledges that the contract has been paid in full and releases any lien or right to lien against the above property. The undersigned has personal knowledge of the matters stated herein and is authorized and fully qualified to execute this document on behalf of the Contractor. [COMPANY NAME] By: _____________________________ Name: ____________________ Title: ____________________ EXHIBIT G DEPRECIATION SCHEDULE Real Property: Use Modified Accelerated Cost Recovery System ("MACRS") 27.5 year straight-line depreciation using the mid-month. Real property includes buildings and building improvements.
Appears in 1 contract
Sources: Limited Partnership Agreement (WNC Housing Tax Credit Fund Vi Lp Series 12)
Sincerely,. EXHIBIT E EXHIBIT F CONTRACTOR'S CERTIFICATE [Contractor's Letterhead] _______________, 200____ WNC HoldingHousing Tax Credit Fund VI Series 12, LLC L.P. c/o WNC & Associates, Inc. ▇▇▇▇▇ ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ Re: Memphis 2004.0 LP Ladies and Gentlemen: The undersigned [▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, ▇▇. dba ▇▇▇▇▇▇▇ Meadow Associates, Ltd. Ladies and Gentlemen: The undersigned ▇▇▇▇▇ Construction Company Inc., Affordable Homes] (hereinafter referred to as "Contractor"), has furnished or through various contractors, sub-contractors, or material suppliers has contracted to furnish labor, services and/or materials to satisfy the Construction Contract (hereinafter collectively referred to as the "Work") in connection with the improvement of certain real property known as __________________ located in GlencoeMemphis, Etowah Shelby County, Alabama Tennessee (hereinafter known as the "Apartment HousingProject"). Any terms not defined herein shall have the meaning ascribed in the Amended and Restated Agreement of Limited Partnership of Memphis 2004.0 LP. Contractor makes the following representations representations, warranties and warranties covenants regarding the Work at the Apartment HousingProject with full knowledge that the Limited Partner will rely on these representations, warranties and covenants as a condition to making its Capital Contribution payment to Memphis 2004.0 LP: o Work on said Apartment Housing Project has been performed and completed in accordance with the plans Plans and specifications Specifications for the Apartment HousingProject. o Contractor acknowledges that upon the Partnership's receipt of the Limited Partner's completion of construction placed in service Capital Contribution payment all amounts owed to Contractor, sub-contractor pursuant or material suppliers to complete the contract for Work performed for ▇▇▇▇▇▇▇ Meadow Associates, Ltd. will be paid in full. If not paid in full, then Contractor will defer any amounts owed to it until receipt of the next Capital Contribution payment. o Contractor acknowledges ▇▇▇▇▇▇▇ Meadow Associates, Ltd. is not in violation with terms and conditions of the contractual documents related to the Apartment Housing. o Contractor warrants that all other parties who have supplied Work for improvement of the Apartment Housing have been paid in full. o Contractor acknowledges Memphis 2004.0 LP is not in violation of any terms and conditions of the Construction Contract. o Contractor acknowledges that the contract Construction Contract has been paid in full and releases any lien or right to lien against all liens for the above propertyWork have been released. EXHIBIT F The undersigned has personal knowledge of the matters stated herein and is authorized and fully qualified to execute this document on behalf of the Contractor. [COMPANY NAME] ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, ▇▇. DBA ▇▇▇▇▇▇▇ AFFORDABLE HOMES By: _____________________________ Name: ____________________ Title: ____________________ EXHIBIT F-2 EXHIBIT G DEPRECIATION SCHEDULE Real Property: Use Modified Accelerated Cost Recovery System ("MACRS") 27.5 year straight-line depreciation using the mid-month. Real property includes buildings and building improvements.
Appears in 1 contract
Sources: Limited Partnership Agreement (WNC Housing Tax Credit Fund Vi Lp Series 12)
Sincerely,. EXHIBIT E EXHIBIT F TO THE PARTNERSHIP AGREEMENT [CONTRACTOR'S CERTIFICATE CERTIFICATE] [Contractor's LetterheadCONTRACTOR'S LETTERHEAD] _______________, 200____ WNC HoldingHousing Tax Credit Fund VI, LLC L.P. Series 11 c/o WNC & Associates, Inc. ▇▇▇▇▇ ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇, ▇ Attn: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇ Re: ▇▇▇▇▇▇▇ Meadow AssociatesFDI-CC 2003, Ltd. LTD. Dear Ladies and Gentlemen: The undersigned ▇▇▇▇▇ Construction Company Inc., __________________ (hereinafter referred to as "Contractor"), has furnished or has contracted to furnish labor, services and/or materials (hereinafter collectively referred to as the "Work") in connection with the improvement of certain real property known as __________________ Cedar Cove Apartments located in GlencoeSealy, Etowah Austin County, Alabama Texas (hereinafter known as the "Apartment Housing"). Contractor makes the following representations and warranties regarding Work at the Apartment Housing: . o Work on said Apartment Housing has been performed and completed in accordance with the plans and specifications for the Apartment Housing. o Contractor acknowledges that upon the Partnership's receipt of the Limited Partner's completion of construction Capital Contribution payment all amounts owed to contractor pursuant to the contract for Work performed for ▇▇▇▇▇▇▇ Meadow AssociatesFDI-CC 2003, Ltd. will be LTD. is paid in full. If not paid in full, then Contractor will defer any amounts owed to it until receipt of the next Capital Contribution payment. o Contractor acknowledges ▇▇▇▇▇▇▇ Meadow Associatesthat FDI-CC 2003, Ltd. LTD. is not in violation with terms and conditions of the contractual documents related to the Apartment Housing. o Contractor warrants that all other parties who have supplied Work for improvement of the Apartment Housing have been paid in full. o Contractor acknowledges that the contract has been to be paid in full and releases any lien or right to lien against the above property. The undersigned has personal knowledge of the matters stated herein and is authorized and fully qualified to execute this document on behalf of the Contractor. [COMPANY NAME] (NAME OF COMPANY) By: _____________________________ Name: ____________________ ----------------------------- Title: ____________________ -------------------------- EXHIBIT G DEPRECIATION SCHEDULE Real PropertyF TAX CREDIT COMPLIANCE MONITORING: Use Modified Accelerated Cost Recovery System ("MACRS") 27.5 year straightANNUAL CERTIFICATION As General Partner of FDI-line depreciation using CC 2003, LTD., I hereby certify as to the mid-month. Real property includes buildings and building improvements.following:
Appears in 1 contract
Sources: Limited Partnership Agreement (WNC Housing Tax Credit Fund Vi Lp Series 11)
Sincerely,. Exhibit E EXHIBIT F TO THE PARTNERSHIP AGREEMENT [CONTRACTOR'S CERTIFICATE CERTIFICATE] [Contractor's Letterhead] _______________, 200____ WNC HoldingHousing Tax Credit Fund VI, LLC L.P., Series 9 c/o WNC & Associates, Inc. ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ Re: ▇▇▇▇▇▇▇ Meadow Associates, Ltd. Mendota I Limited Partnership Ladies and Gentlemen: The undersigned ▇▇▇▇▇ Construction Company Inc.Star General Contractors, L.L.C. (hereinafter referred to as "Contractor"), has furnished or has contracted to furnish labor, services and/or materials (hereinafter collectively referred to as the "Work") in connection with the improvement of certain real property known as _______________ Apartments located in ____________ located in Glencoe, Etowah County, Alabama Illinois (hereinafter known as the "Apartment Housing"). Contractor makes the following representations and warranties regarding Work at the Apartment Housing: . o Work on said Apartment Housing has been performed and completed in accordance with the plans and specifications for the Apartment Housing. o Contractor acknowledges that upon the Partnership's receipt of the Limited Partner's completion of construction Capital Contribution payment all amounts owed to contractor pursuant to the contract for Work performed for ▇▇▇▇▇▇▇ Meadow Associates, Ltd. will be Partnership is paid in full. If not paid in full, then Contractor will defer any amounts owed to it until receipt of the next Capital Contribution payment. o Contractor acknowledges ▇▇▇▇▇▇▇ Meadow Associates, Ltd. Partnership is not in violation with terms and conditions of the contractual construction documents related to the Apartment Housing. o Contractor warrants that all other parties who have supplied Work for improvement of the Apartment Housing have been paid in full. o Contractor acknowledges that the contract has been to be paid in full and releases any lien or right to lien against the above property. The undersigned has personal knowledge of the matters stated herein and is authorized and fully qualified to execute this document on behalf of the Contractor. [COMPANY NAME] Exhibit F STAR GENERAL CONTRACTORS, L.L.C. By: :______________________________ Name: ____________________ Title: ____________________ Exhibit F EXHIBIT G TO THE PARTNERSHIP AGREEMENT DEPRECIATION SCHEDULE Real Property: Use Modified Accelerated Cost Recovery System ("MACRS") 27.5 year straight-line depreciation using the midmid month convention or use MACRS Alternative Depreciation System ("ADS") 40 year straight-monthline depreciation if required pursuant to the Agreement. Real property includes buildings and building improvements.. Personal Property: Use 5-year recovery period using mid-year 200% declining balance, if it relates to residential real estate or use MACRS Alternative Depreciation System ("ADS") 12 year straight-line depreciation if required pursuant to the Agreement. Personal property related to commercial space must use a 7-year recovery period using mid year 200% declining balance. The following costs have a 5-year recovery period: o Removable appliances (not central climate control system equipment or water heaters) o Draperies, blinds and shades, if they would be reusable if removed o Carpeting, if its removal would not destroy the underlying floor o Vinyl flooring, if its removal would be easy and not destroy the underlying floor o Common area furnishings o Photocopy equipment o Calculators, adding machines o Typewriters o Computers o Wall coverings, if their removal would not destroy the underlying wall o Exit signs o Security systems (not fire protection system, sprinkler system, smoke detectors, or fire escapes) o Outdoor security lighting (not parking lot lighting) o Fire extinguishers o Decorative lighting and sconces (not light fixtures for central lighting) o Outdoor decorative lighting, such as that lighting signs o Telephone systems o Corridor handrails (not bathroom or stairway) o Raised floors to accommodate wiring in computer rooms The following costs have a 7-year recovery period with a mid year 200% declining balance: o Office furnishings o Cabinets and shelving o Bulletin boards o Conference or meeting room movable partitions A percentage of the development fee is also allowed in personal property. The percentage is calculated by taking the ratio of personal property cost, excluding development fee, to total development costs and multiplying the development fee by the calculated ratio. Exhibit G Land improvements Cost Recovery: Use 15-year recovery period using mid-year 150% declining balance or use MACRS Alternative Depreciation System ("ADS") 20 year straight-line depreciation if required pursuant to the Agreement. The following costs have a 15-year recovery period. Items allowed in this section are costs attributable to excavation, grading, and removing soil necessary to the proper setting of buildings. Other costs allowable in this section are as follows: o Roads and sidewalks o Concrete work (curb and gutter) o Fencing o Landscaping (including, but not limited to, trees and shrubs) around the building which would be destroyed if the building were replaced o Decorative walls which are part of the landscaping o Parking lot (resurfacing it later is deducted as an expense) o Initial parking lot striping (restriping it later is deducted as an expense) o Street lights and signs o Signs which identify the property or provide directions o Parking lot lighting (not outdoor security lighting) o Playground equipment o Basketball court and backboard o Tennis courts o Swimming pools o Jogging trails o Flag pole o Wastewater treatment plant and lift station to handle raw sewage o Interest expense capitalized and related to any of the above costs o The prorata portion of the general contractor/construction company profit, overhead, and general requirements and conditions allocable to items with a 15-year cost recovery period o The prorata portion of the developer fee, profit and overhead allocable to items with a 15-year cost recovery period Recovery of costs of sanitary sewer system and water utility/distribution system, including the sewer system outside the buildings: the following costs have a 20-year recovery period - 150% declining balance mid-year convention. o Fire hydrants o Manhole rings and covers o Water meter o Gate valves o Flushing hydrants o Cast iron fittings o Valve boxes o Air release valves Exhibit G o Tapping sleeves o PVC water pipe (outside) o PVC sewer pipe (outside) o PVC sewer fittings Exhibit G EXHIBIT H TO THE PARTNERSHIP AGREEMENT REPORT OF OPERATIONS QUARTER ENDED: ____________________, 200__ ------------------------------------- ----------------------------------- LOCAL PARTNERSHIP: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- GENERAL PARTNER: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- FIRM NAME: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- ADDRESS: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- CITY, STATE, ZIP: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- PHONE: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- PROPERTY NAME: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- ADDRESS: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- CITY, STATE, ZIP: ----------------------------------- ------------------------------------- ----------------------------------- RESIDENT MANAGER: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- PHONE: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- ACCOUNTANT: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- FIRM: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- ADDRESS: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- CITY, STATE, ZIP: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- PHONE: ------------------------------------- ----------------------------------- ------------------------------------ ----------------------------------- MANAGEMENT COMPANY ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- ADDRESS: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- CITY, STATE, ZIP: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- PHONE: ------------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- CONTACT: ------------------------------------- ----------------------------------- -------------------------------------------------------------------------------
Appears in 1 contract
Sources: Limited Partnership Agreement (WNC Housing Tax Credit Fund Vi Lp Series 9)
Sincerely,. By ------------------------------------- Name ----------------------------------- Title ---------------------------------- SCHEDULES TO COMPLIANCE CERTIFICATE Schedule 1 - Non-Compliance with Covenants Schedule 2 - Business Locations and Names of Borrowers and Guarantors Schedule 3 - Tax Liens; Unpaid Tax or Withholding Obligations Schedule 4 - List of all Deposit Accounts and Securities Accounts of Borrowers and Guarantors Schedule 5 - Pending Material Litigation; Defaults under Material Contracts Schedule 6 - Newly Acquired Intellectual Property Licenses EXHIBIT F CONTRACTOR'S CERTIFICATE C TO CREDIT AND SECURITY AGREEMENT [Contractor's LetterheadRESERVED] _______________, 200____ WNC Holding, LLC c/o WNC & Associates, Inc. ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ ReEXHIBIT D TO CREDIT AND SECURITY AGREEMENT (NOTICE OF BORROWING) BORROWER REPRESENTATIVE DATE: ▇▇▇▇▇▇▇ Meadow Associates, Ltd. Ladies and Gentlemen: The undersigned ▇▇▇▇▇ Construction Company Inc., (hereinafter referred to as "Contractor"), has furnished or has contracted to furnish labor, services and/or materials (hereinafter collectively referred to as the "Work") in connection with the improvement of certain real property known as __________________ located in Glencoe, Etowah County, Alabama (hereinafter known as the "Apartment Housing"). Contractor makes the following representations and warranties regarding Work at the Apartment Housing: o Work on said Apartment Housing has been performed and completed in accordance with the plans and specifications for the Apartment Housing. o Contractor acknowledges that upon the Partnership's receipt of the Limited Partner's completion of construction Capital Contribution payment all amounts owed to contractor pursuant to the contract for Work performed for ▇▇▇▇▇▇▇ Meadow Associates, Ltd. will be paid in full. If not paid in full, then Contractor will defer any amounts owed to it until receipt of the next Capital Contribution payment. o Contractor acknowledges ▇▇▇▇▇▇▇ Meadow Associates, Ltd. This certificate is not in violation with terms and conditions of the contractual documents related to the Apartment Housing. o Contractor warrants that all other parties who have supplied Work for improvement of the Apartment Housing have been paid in full. o Contractor acknowledges that the contract has been paid in full and releases any lien or right to lien against the above property. The undersigned has personal knowledge of the matters stated herein and is authorized and fully qualified to execute this document on behalf of the Contractor. [COMPANY NAME] By: given by _____________________________ Name: ____________________ Title: ____________________ EXHIBIT G DEPRECIATION SCHEDULE Real Property: Use Modified Accelerated Cost Recovery System , a Responsible Officer of Insulet Corporation ("MACRSBORROWER REPRESENTATIVE"), pursuant to Section 2.1(b)(i) 27.5 year straightof that certain dated as of December 27, 2006 among Borrower Representative, Sub-line depreciation using Q Solutions, Inc., and any additional Borrower that may be a party thereto or from time to time be added thereto (collectively, "BORROWERS"), the mid-monthLenders from time to time party thereto and ▇▇▇▇▇▇▇ ▇▇▇▇▇ Capital, a division of ▇▇▇▇▇▇▇ ▇▇▇▇▇ Business Financial Services Inc., as Administrative Agent for Lenders (as such agreement may have been amended, restated, supplemented or otherwise modified from time to time the "CREDIT AGREEMENT"). Real property includes buildings Capitalized terms used herein without definition shall have the meanings set forth in the Credit Agreement. The undersigned Responsible Officer hereby gives notice to Administrative Agent of Borrower Representative's request to on December 27, 2006 borrow Thirty Million Dollars ($30,000,000) of the Term Loan. The undersigned officer hereby certifies that, both before and building improvementsafter giving effect to the request above (a) each of the conditions precedent set forth in Section 7.1 and 7.2 have been satisfied, (b) all of the representations and warranties contained in the Credit Agreement and the other Financing Documents are true, correct and complete in all material respects as of the date hereof, except to the extent such representation or warranty relates to a specific date, in which case such representation or warranty is true, correct and complete as of such earlier date, and (c) no Default or Event of Default has occurred and is continuing on the date hereof.
Appears in 1 contract
Sincerely,. BANK USE ONLY Received by: --------------------------- InfoNow Corporation AUTHORIZED SIGNER Date: -------------------------------------- --------------------------- SIGNATURE Verified: --------------------------- -------------------------------------- AUTHORIZED SIGNER TITLE Date: Compliance Status: Yes No -------------------------------------- DATE EXHIBIT F CONTRACTOR'S CERTIFICATE [Contractor's LetterheadE FORM OF LOAN AGREEMENT SUPPLEMENT LOAN AGREEMENT SUPPLEMENT No. [ ] ____________LOAN AGREEMENT SUPPLEMENT No.[ ], dated , 2002 ("Supplement"), to the Loan and Security Agreement dated as of February___, 200____ WNC Holding2002 (the "Loan Agreement) by and between the undersigned ("Borrower"), LLC c/o WNC & Associatesand Silicon Valley Bank ("Bank"). Capitalized terms used herein but not otherwise defined herein are used with the respective meanings given to such terms in the Loan Agreement. To secure the prompt payment by Borrower of all amounts from time to time outstanding under the Loan Agreement, Inc. and the performance by Borrower of all the terms contained in the Loan Agreement, Borrower grants Bank, a first priority security interest in each item of equipment and other property described in Annex A hereto, which equipment and other property shall be deemed to be additional Financed Equipment and Collateral. The Loan Agreement is hereby incorporated by reference herein and is hereby ratified, approved and confirmed. Annex A (Equipment Schedule) and Annex B (Loan Terms Schedule) are attached hereto. The proceeds of the Loan should be transferred to Borrower's account with Bank set forth below: Bank Name: Silicon Valley Bank Account No.: ---------------------------- Borrower hereby certifies that (a) the foregoing information is true and correct and authorizes Bank to endorse in its respective books and records, the Basic Rate applicable to the Funding Date of the Loan contemplated in this Loan Agreement Supplement and the principal amount set forth in the Loan Terms Schedule; (b) the representations and warranties made by Borrower in the Loan Agreement are true and correct on the date hereof and will be true and correct on such Funding Date. No Event of Default has occurred and is continuing under the Loan Agreement. This Supplement may be executed by Borrower and Bank in separate counterparts, each of which when so executed and delivered shall be an original, but all such counterparts shall together constitute but one and the same instrument. This Supplement is delivered as of this day and year first above written. SILICON VALLEY BANK INFONOW CORPORATION By: By: -------------------------------------- ----------------------------------- Name: Name: -------------------------------------- ----------------------------------- Title: Title: -------------------------------------- ----------------------------------- Annex A - Description of Financed Equipment Annex B - Loan Terms Schedule Annex A to Exhibit E -------------------- The Financed Equipment being financed with the Equipment Advance for which this Loan Agreement Supplement is being executed is listed below. Upon the funding of such Equipment Advance, this schedule automatically shall be deemed to be a part of the Collateral. Description of Equipment: Make Model Serial # Invoice # ▇▇▇▇▇ ▇ ▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ Re: ▇▇▇▇▇▇▇ Meadow Associates, Ltd. Ladies and Gentlemen: The undersigned ▇▇▇▇▇ Construction Company Inc., (hereinafter referred to as "Contractor"), has furnished or has contracted to furnish labor, services and/or materials (hereinafter collectively referred to as the "Work") in connection with the improvement of certain real property known as -------------------- LOAN TERMS SCHEDULE #________ Loan Funding Date: , 2002 -------------- Original Loan Amount: $ -------------- Basic Rate: 9.0% Loan Factor: % -------------- Scheduled Payment Dates and Amounts*: One (1) payment of $_______ due ______________ located in Glencoe, Etowah County, Alabama (hereinafter known as the "Apartment Housing"). Contractor makes the following representations and warranties regarding Work at the Apartment Housing: o Work on said Apartment Housing has been performed and completed in accordance with the plans and specifications for the Apartment Housing. o Contractor acknowledges that upon the Partnership's receipt ______ payments of the Limited Partner's completion of construction Capital Contribution payment all amounts owed to contractor pursuant to the contract for Work performed for ▇▇▇▇▇▇▇ Meadow Associates, Ltd. will be paid in full. If not paid in full, then Contractor will defer any amounts owed to it until receipt of the next Capital Contribution payment. o Contractor acknowledges ▇▇▇▇▇▇▇ Meadow Associates, Ltd. is not in violation with terms and conditions of the contractual documents related to the Apartment Housing. o Contractor warrants that all other parties who have supplied Work for improvement of the Apartment Housing have been paid in full. o Contractor acknowledges that the contract has been paid in full and releases any lien or right to lien against the above property. The undersigned has personal knowledge of the matters stated herein and is authorized and fully qualified to execute this document on behalf of the Contractor. [COMPANY NAME] By: $_______ due monthly in advance from ____ through ____. One (1) payment of $__________ due ______________ NameMaturity Date: ____________________ Title-------------- Final Payment: ____________________ EXHIBIT G DEPRECIATION SCHEDULE Real Property: Use Modified Accelerated Cost Recovery System ("MACRS") 27.5 year straight-line depreciation using If required, an additional amount equal to the mid-monthFinal Payment Percentage multiplied by the Loan Amount then in effect, shall be paid on the Maturity Date with respect to such Loan. Real property includes buildings and building improvements.Payment No. Payment Date
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Sincerely,. Exhibit E EXHIBIT F TO THE PARTNERSHIP AGREEMENT [CONTRACTOR'S CERTIFICATE CERTIFICATE] [Contractor's LetterheadCONTRACTOR'S LETTERHEAD] _______________, 200____ WNC HoldingHousing Tax Credit Fund VI, LLC L.P. Series 10 c/o WNC & Associates, Inc. ▇▇▇▇▇ ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇, ▇ Attn: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇ Re: ▇▇▇▇▇▇▇ Meadow AssociatesFDI-GM 2003, Ltd. LTD. Dear Ladies and Gentlemen: The undersigned ▇▇▇▇▇ Construction Company Inc., ______________________ (hereinafter referred to as "Contractor"), has furnished or has contracted to furnish labor, services and/or materials (hereinafter collectively referred to as the "Work") in connection with the improvement of certain real property known as __________________ Willowchase Apartments located in GlencoeHempstead, Etowah ▇▇▇▇▇▇ County, Alabama Texas (hereinafter known as the "Apartment Housing"). Contractor makes the following representations and warranties regarding Work at the Apartment Housing: . o Work on said Apartment Housing has been performed and completed in accordance with the plans and specifications for the Apartment Housing. o Contractor acknowledges that upon the Partnership's receipt of the Limited Partner's completion of construction Capital Contribution payment all amounts owed to contractor pursuant to the contract for Work performed for ▇▇▇▇▇▇▇ Meadow AssociatesFDI-GM 2003, Ltd. will be LTD. is paid in full. If not paid in full, then Contractor will defer any amounts owed to it until receipt of the next Capital Contribution payment. o Contractor acknowledges ▇▇▇▇▇▇▇ Meadow Associatesthat FDI-GM 2003, Ltd. LTD. is not in violation with terms and conditions of the contractual documents related to the Apartment Housing. o Contractor warrants that all other parties who have supplied Work for improvement of the Apartment Housing have been paid in full. o Contractor acknowledges that the contract has been to be paid in full and releases any lien or right to lien against the above property. The undersigned has personal knowledge of the matters stated herein and is authorized and fully qualified to execute this document on behalf of the Contractor. [COMPANY NAME] (NAME OF COMPANY) By: _____________________________ Name: ____________________ ---------------------------------- Title: ____________________ EXHIBIT G DEPRECIATION SCHEDULE Real Property------------------------------- Exhibit F TAX CREDIT COMPLIANCE MONITORING: Use Modified Accelerated Cost Recovery System ("MACRS") 27.5 year straightANNUAL CERTIFICATION As General Partner of FDI-line depreciation using GM 2003, LTD., I hereby certify as to the mid-month. Real property includes buildings and building improvements.following:
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Sources: Limited Partnership Agreement (WNC Housing Tax Credit Fund Vi Lp Series 10)