HAP Contract. Concurrently with Initial Closing, the Partnership shall obtain the HAP Contracts covering all 226 units in the Apartment Complex for 20 years and on other terms and conditions as AHF Consents. If there are Operating Deficits due to a termination, amendment or modification of the HAP Contract or loss in rental assistance under the HAP Contract for any reason, then, whether or not the Initial Period has expired, Wichita GP shall provide Operating Deficit Loans until the expiration of the Compliance Period and no ODG Cap shall apply.
Appears in 2 contracts
Sources: Limited Partnership Agreement, Limited Partnership Agreement