Common use of Accurate Copy Clause in Contracts

Accurate Copy. The copy of the Tax Credit Regulatory Agreement that Borrower has provided to Lender includes all amendments, schedules and exhibits and is complete and accurate in all respects. [INSERT MODIFICATION (B) ONLY IF (i) BORROWER’S OPERATING AGREEMENT/PARTNERSHIP AGREEMENT PROVIDES FOR DEFERRED DEVELOPER FEES, WHICH DEVELOPER FEES ARE STILL OUTSTANDING AS OF THE ORIGINATION DATE, AND/OR (ii) THE COMMITMENT OR XXXX PERMITS SOFT UNSECURED DEBT FOR SUCH FEES AND/OR UNSECURED PARTNER LOANS TO AVOID A DEFAULT ON INDEBTEDNESS. IF MODIFICATION B DOES NOT APPLY, DELETE THE TEXT BELOW AND XXXX “RESERVED”] [IF THE “SINGLE PURPOSE ENTITY BORROWER (LOANS $20,000,000 OR LESS) RIDER TO MULTIFAMILY LOAN AND SECURITY AGREEMENT” IS ALSO ATTACHED TO THE LOAN AGREEMENT, (1) INCORPORATE THE CHANGES TO SECTION 6.13(a)(x)(E) SHOWN BELOW INTO SUCH RIDER, AND (2) REPLACE SECTION B BELOW WITH “RESERVED”.]

Accurate Copy. The copy of the Tax Credit Regulatory Agreement that Borrower has provided to Lender includes all amendments, schedules and exhibits and is complete and accurate in all respects. [INSERT MODIFICATION (B) ONLY IF (i) BORROWER’S OPERATING AGREEMENT/PARTNERSHIP AGREEMENT PROVIDES FOR DEFERRED DEVELOPER FEES, WHICH DEVELOPER FEES ARE STILL OUTSTANDING AS OF THE ORIGINATION DATE, AND/OR (ii) THE COMMITMENT OR XXXX PERMITS SOFT UNSECURED DEBT FOR SUCH FEES AND/OR UNSECURED PARTNER LOANS TO AVOID A DEFAULT ON INDEBTEDNESS. IF MODIFICATION B DOES NOT APPLY, DELETE THE TEXT BELOW AND XXXX “RESERVED”] [IF THE “SINGLE PURPOSE ENTITY BORROWER (LOANS $20,000,000 15,000,000 OR LESS) RIDER TO MULTIFAMILY LOAN AND SECURITY AGREEMENT” IS ALSO ATTACHED TO THE LOAN AGREEMENT, (1) INCORPORATE THE CHANGES TO SECTION 6.13(a)(x)(E) SHOWN BELOW INTO SUCH RIDER, AND (2) REPLACE SECTION B BELOW WITH “RESERVED”.]

Accurate Copy. The copy of the Tax Credit Application and the existing Tax Credit Regulatory Agreement that Borrower has provided to Lender includes all amendments, schedules and exhibits and is complete and accurate in all respects. [INSERT MODIFICATION (B) ONLY IF (i) BORROWER’S OPERATING AGREEMENT/PARTNERSHIP AGREEMENT PROVIDES FOR DEFERRED DEVELOPER FEES, WHICH DEVELOPER FEES ARE STILL OUTSTANDING AS OF THE ORIGINATION DATE, AND/OR (ii) THE COMMITMENT OR XXXX PERMITS SOFT UNSECURED DEBT FOR SUCH FEES AND/OR UNSECURED PARTNER LOANS TO AVOID A DEFAULT ON INDEBTEDNESS. IF MODIFICATION B DOES NOT APPLY, DELETE THE TEXT BELOW AND XXXX MARK “RESERVED”] [IF THE “SINGLE PURPOSE ENTITY BORROWER (LOANS $20,000,000 OR LESS) RIDER TO MULTIFAMILY LOAN AND SECURITY CONTINUING COVENANT AGREEMENT” IS ALSO ATTACHED TO THE LOAN CONTINUING COVENANT AGREEMENT, (1) INCORPORATE THE CHANGES TO SECTION 6.13(a)(x)(E) SHOWN BELOW INTO SUCH RIDER, AND (2) REPLACE SECTION B BELOW WITH “RESERVED”.]

Accurate Copy. The copy of the Tax Credit Regulatory Agreement that Borrower has provided to Lender includes all amendments, schedules and exhibits and is complete and accurate in all respects. [INSERT MODIFICATION (B) ONLY IF (i) BORROWER’S OPERATING AGREEMENT/PARTNERSHIP AGREEMENT PROVIDES FOR DEFERRED DEVELOPER FEES, WHICH DEVELOPER FEES ARE STILL OUTSTANDING AS OF THE ORIGINATION DATE, AND/OR (ii) THE COMMITMENT OR XXXX PERMITS SOFT UNSECURED DEBT FOR SUCH FEES AND/OR UNSECURED PARTNER LOANS TO AVOID A DEFAULT ON INDEBTEDNESS. IF MODIFICATION B DOES NOT APPLY, DELETE THE TEXT BELOW AND XXXX “RESERVED”] [IF THE “SINGLE PURPOSE ENTITY BORROWER (LOANS $20,000,000 15,000,000 OR LESS) RIDER TO MULTIFAMILY LOAN AND SECURITY AGREEMENT” IS ALSO ATTACHED TO THE LOAN AGREEMENT, (1) INCORPORATE THE CHANGES TO SECTION 6.13(a)(x)(E) SHOWN BELOW INTO SUCH RIDER, AND (2) REPLACE SECTION B BELOW WITH “RESERVED”.. NOTE: IF BORROWER IS A TENANCY IN COMMON BORROWER, THE CHANGES IN SECTION B BELOW MUST BE INCORPORATED INTO THE “RIDER TO MULTIFAMILY LOAN AND SECURITY AGREEMENT – TENANCY IN COMMON BORROWER”]

Accurate Copy. The copy of the Tax Credit Regulatory Agreement that Borrower has provided to Funding Lender includes all amendments, schedules and exhibits and is complete and accurate in all respects. [INSERT MODIFICATION (B) ONLY IF (i) BORROWER’S OPERATING AGREEMENT/PARTNERSHIP AGREEMENT PROVIDES FOR DEFERRED DEVELOPER FEES, WHICH DEVELOPER FEES ARE STILL OUTSTANDING AS OF THE ORIGINATION DATE, AND/OR (ii) THE COMMITMENT OR XXXX PERMITS SOFT UNSECURED DEBT FOR SUCH FEES AND/OR UNSECURED PARTNER LOANS TO AVOID A DEFAULT ON INDEBTEDNESS. IF MODIFICATION B DOES NOT APPLY, DELETE THE TEXT BELOW AND XXXX “RESERVED”] [IF THE “SINGLE PURPOSE ENTITY BORROWER (LOANS $20,000,000 15,000,000 OR LESS) RIDER TO MULTIFAMILY LOAN AND SECURITY CONTINUING COVENANT AGREEMENT” IS ALSO ATTACHED TO THE LOAN CONTINUING COVENANT AGREEMENT, (1) INCORPORATE THE CHANGES TO SECTION 6.13(a)(x)(E) SHOWN BELOW INTO SUCH RIDER, AND (2) REPLACE SECTION B BELOW WITH “RESERVED”.]