Common use of Additional Protections Clause in Contracts

Additional Protections. During the continuance of any Leasehold Mortgage until such time as the lien of any Leasehold Mortgage has been extinguished, and if a true and verified copy of such Leasehold Mortgage was delivered to County together with a written notice of the name and address of the owner and holder thereof as required under this Article 15, the following provisions benefitting the Leasehold Mortgagee shall apply with respect to the Leasehold Mortgagee. Additionally, during the Tax Credit Compliance Period applicable to Lessee, which means the fifteen (15) year tax credit compliance period as described in Section 42(i)(1) of the Internal Revenue Code of 1986, as amended from time to time, or any corresponding provision or provisions of prior or succeeding law, the following provisions benefitting the tax credit equity investor limited partner (“Investor Limited Partner”) shall apply with respect to the Investor Limited Partner.

Additional Protections. During the continuance of any Leasehold Mortgage until such time as the lien of any Leasehold Mortgage has been extinguished, and if a true and verified copy of such Leasehold Mortgage was delivered to County together with a written notice of the name and address of the owner and holder thereof as required under this Article 15, the following provisions benefitting the Leasehold Mortgagee shall apply with respect to the Leasehold Mortgagee. Additionally, during the Tax Credit Compliance Period applicable to Lessee, which means the fifteen (15) year tax credit compliance period as described in Section 42(i)(1) of the Internal Revenue Code of 1986, as amended from time to time, or any corresponding provision or provisions of prior or succeeding law, the following provisions benefitting the tax credit equity investor limited partner (“Investor Limited Partner”) shall apply with respect to the Investor Limited Partner.. 39