Common use of Working Capital Reserves Clause in Contracts

Working Capital Reserves. D. Within 45 days after the end of each fiscal quarter in which a Sale or Refinancing occurs, the General Partners shall send to each Person who was an Investor as of the close of business on the first business day of the month that includes the date of occurrence of the Sale or Refinancing, a report as to the nature of the Sale or Refinancing and as to the Profit or Loss arising from the Sale or Refinancing. E. The General Partners will prepare and timely file with appropriate federal and state regulatory authorities all reports required to be filed with such entities under then-applicable laws, rules and regulations. Such reports shall be prepared on the accounting or reporting basis required by such regulatory authorities. Upon request, copies of such reports will be furnished to any Investor or Limited Partner for any purpose reasonably related to the Investor's or Limited Partner's interest as an Investor or a Limited Partner. In the event that any regulatory authority promulgates rules or amendments thereto that would permit a reduction in any of the reporting requirements to which the Fund is subject under this Agreement at the time of the execution hereof, the Fund may cease to prepare and file any such reports in accordance with such rules or amendments. F. The Administrative General Partner will maintain, (i) for a period of at least four (4) years, a record of the information obtained to indicate that an Investor has met the suitability standards set forth in the Prospectus; and (ii) for a period of at least five (5) years, records of the appraisals made of the Properties, which appraisal records shall be available for inspection and copying by any Investor or Limited Partner for any purpose reasonably related to the Investor's or Limited Partner's interest as an Investor or a Limited Partner.

Working Capital Reserves. D. Within 45 days after the end of each fiscal quarter in which a Sale or Refinancing occurs, the General Partners shall send to each Person who was an Investor a Unitholder as of the close of business on the first business day of the month that includes the date of occurrence of the Sale or Refinancing, a report as to the nature of the Sale or Refinancing and as to the Profit or Loss arising from the Sale or Refinancing. E. The General Partners will prepare and timely file with appropriate federal and state regulatory authorities all reports required to be filed with such entities under then-applicable laws, rules and regulations. Such reports shall be prepared on the accounting or reporting basis required by such regulatory authorities. Upon request, copies of such reports will be furnished to any Investor Unitholder or Limited Partner for any purpose reasonably related to the InvestorUnitholder's or Limited Partner's interest as an Investor a Unitholder or a Limited Partner. In the event that any regulatory authority promulgates rules or amendments thereto that would permit a reduction in any of the reporting requirements to which the Fund Partnership is subject under this Agreement at the time of the execution hereof, the Fund Partnership may cease to prepare and file any such reports in accordance with such rules or amendments. F. The Administrative General Partner will maintain, (i) for a period of at least four (4) years, a record of the information obtained to indicate that an Investor a Unitholder has met the suitability standards set forth in the Prospectus; and (ii) for a period of at least five (5) years, records of the appraisals made of the Properties, which appraisal records shall be available for inspection and copying by any Investor Unitholder or Limited Partner for any purpose reasonably related to the InvestorUnitholder's or Limited Partner's interest as an Investor a Unitholder or a Limited Partner.

Working Capital Reserves. D. Within 45 forty-five (45) days after the end of each fiscal quarter in which a Sale or Refinancing Financing occurs, the General Partners Partner shall send to each Person who was an Investor as of the close of business on the first business day of the month that includes the date of occurrence of the Sale or RefinancingFinancing, a report as to the nature of the Sale or Refinancing Financing and as to the Profit or Loss arising from the Sale or RefinancingFinancing. E. The General Partners will Partner shall prepare and timely file with appropriate federal and state regulatory authorities all reports required to be filed with such entities under then-applicable laws, rules and regulations. Such reports shall be prepared on the accounting or reporting basis required by such regulatory authorities. Upon request, copies of such reports will be furnished to any Investor or Limited Partner for any purpose reasonably related to the Investor's or Limited Partner's interest as an Investor or a Limited Partner. In the event that any regulatory authority promulgates rules or amendments thereto that would permit a reduction in any of the reporting requirements to which the Fund Partnership is subject under this Agreement at the time of the execution hereof, the Fund Partnership may cease to prepare and file any such reports in accordance with such rules or amendments. F. The Administrative General Partner will shall maintain, (iI) for a period of at least four six (46) years, a record of the information obtained to indicate that an Investor has met the suitability standards set forth in the Prospectus; and (ii) for a period of at least five (5) years, records of the appraisals made of the Properties, which appraisal records shall be available for inspection and copying by any Investor or Limited Partner for any purpose reasonably related to the Investor's or Limited Partner's interest as an Investor or a Limited Partner.

Working Capital Reserves. D. Within 45 forty-five (45) days after the end of each fiscal quarter in which a Sale or Refinancing Financing occurs, the General Partners Partner shall send to each Person who was an Investor as of the close of business on the first business day of the month that includes the date of occurrence of the Sale or RefinancingFinancing, a report as to the nature of the Sale or Refinancing Financing and as to the Profit or Loss arising from the Sale or RefinancingFinancing. E. The General Partners will Partner shall prepare and timely file with appropriate federal and state regulatory authorities all reports required to be filed with such entities under then-applicable laws, rules and regulations. Such reports shall be prepared on the accounting or reporting basis required by such regulatory authorities. Upon request, copies of such reports will be furnished to any Investor or Limited Partner for any purpose reasonably related to the Investor's or Limited Partner's interest as an Investor or a Limited Partner. In the event that any regulatory authority promulgates rules or amendments thereto that would permit a reduction in any of the reporting requirements to which the Fund Partnership is subject under this Agreement at the time of the execution hereof, the Fund Partnership may cease to prepare and file any such reports in accordance with such rules or amendments. F. The Administrative General Partner will shall maintain, (i) for a period of at least four six (46) years, a record of the information obtained to indicate that an Investor has met the suitability standards set forth in the Prospectus; and (ii) for a period of at least five (5) years, records of the appraisals made of the Partnership Properties, which appraisal records shall be available for inspection and copying by any Investor or Limited Partner for any purpose reasonably related to the Investor's or Limited Partner's interest as an Investor or a Limited Partner.Partner and (iii) a list of the names and addresses of all Investors, which list shall be made available to any Investor or Limited Partner or his representative who requests such information in furtherance of Partnership business and at such person's cost. G. Within sixty (60) days after the end of each fiscal quarter during which there have been Property acquisitions, a report (which may be part of the quarterly report) shall be sent to all Limited Partners and Investors until the Net Proceeds of the Offering are committed to Investment in Properties or returned to the Investors. The report shall contain the following information: (i.) the location and a description of the general character of all Properties acquired or presently intended to be acquired by the Partnership during the quarter; A-34