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exceed T??enty?Fi?e Tl?ousand Dollars ??2?,000? per dear, increased a1?n??all? ?? CPI abut ?n no <br />cent by more tl?an CPI}, <br />iii} a lin.?ited pal•tner asset n?anagelnelit fee payable to the Investor Lit??ted <br />Par•fnel• in an amaunt llot to ea?ceed Fire Thousand Dollars ???000? per year, il?c?•eased a??nually <br />by CPI {b,?t in no event by mode than CPS}; at?d <br />{iii} an anl?ual a?zdit fee in alld for any calex?dal? year. <br />In no event shall the fees for ??? and X11} above cu?ulatl?ely exceed T1111`t? <br />Tho??sal?d Dollars ?30,000? il? at?y one dear exclusive oftl?e CPI adj?rstmel?t allowed per ?i? and <br />iii} above.} ill tl?e e?el?t illsuff icient Annrlal Project Revel?ues ?lst ?? provide for payrrrerlt of all <br />ol• pant of the specific Pa??tnership Related Fees listed above, loo interest shall accl•ue ?lZ tl?e <br />??llpald pol?t?ons ?? s??ch Pal?t?aership Related Foes, bc?t the unpaid balal?ce gill be added to the <br />Partl?erslilp Related Fees due 11? tl?e follo?v?rtg ?eal•, <br />"?esrt?rrrr?.Reei}?fs" shall l?nea? Annual Project Re?re????e for the applicable Please <br />less tl?e sum of: <br />{i? ?perat?t? P?xpenses; <br />???? Debt er?r?ce; <br />?iii? Reserve Deposits to tl?e Capital Replacel?relt Reserve; <br />?i?} Partnership Related ?`ecs; <br />??? unpaid Tai Credit adjustment alnaunt, if al?? ?aftel• 1•evier? arld <br />?•easonable serif icatioi? b? Ael?c?? ??eci?t??e Diriector of doc????ents l?ro?ic?ed bar De?elo?er <br />sllo?vit? props"Iety ofs??ch zo?rnts and paymcrlts}; <br />Zvi} ?•epay??el?t of loal?s, if any made b? tl?e lil?nited partt?er?s? of <br />Developer, il?cl??ci?? il?terest t tl?e Applicable Federal Rate ?t?le p?•opriety of ar?y such loans <br />trust be 1•easol?ably ?reri?ed b?? Ael?cy xec?ati?e Director; <br />?v??} propel??y managen?e??t fee for the Project v?hicl? 1•elllaills ?lnpaid <br />aftel• payment of Dpel•a.tin ?xpel?ses, if al?y; <br />??lll? Deferred Developel• Fee fol• tl?e Project ?vl?ich remaills lznpaid, ?f <br />al?y, incl?ldit? il?telest at tl?e Applicable Fedel•al Rate, if applicable, and s??bject to ectiol? X03, <br />et seq.; <br />?ix? Repayment of outstanding de??eloplnelit and operating loans, if <br />al?y, made by the adlrrll?lstrati?e andlor managing genet•al pal•t?Yers andlor the ttarat?tors to the <br />Project, including interest at the Applicable Federal Rate ?tl?e pl•opriety of any sucl? Loans <br />p?r?•suant to the terms of the Partnersl?ip Az?een?ent mltst be 1•easonably ?el•ified by Agency <br />xec??ti?re Dit•ector; <br />ATTACI-I???' ?, ???? <br />?OC?DC1? ??DG??v 13i?4?27?•???1