INDEPENDENCE TAX CREDIT PLUS LP IV
Categories of dependency expected for this filer that were actually found stated in Risk Factors / MD&A.
- Filing
- 0001558370-17-005000 (10-K)
- Period
- 2015-04-01 to 2016-03-31
- XBRL tag
- us-gaap:Revenues
- Context
- Duration_4_1_2015_To_3_31_2016
- Mapping
- seed · confidence 1.00
Extracted from Risk Factors / MD&A, checked verbatim against the source text before being stored.
“the Partnership may be required to fund potential purchase price adjustments based on tax credit adjustor clauses.”
“The Partnership’s primary sources of funds include: (i) working capital reserves, exclusive of the Local Partnership working capital; (ii) interest earned on the working capital reserves; (iii) cash distributions from operations of the Local Partnerships; and (iv) sales and/or refinance proceeds and distributions.”
“The Partnership anticipates the payment of accrued interest on the secondary loans (which make up the majority of the accrued interest payable amount and which has been accumulating since the Partnership’s investment in the respective Local Partnerships) will be made from future refinancings or sales proceeds of the respective Local Partnerships.”
“Unpaid partnership management fees for any year are to be deferred without interest and will be payable out of sales or refinancing proceeds only to the extent of available funds after payments on all Partnership liabilities have been made other than those owed to the General Partner and its affiliates.”
“Inflation also affects the last remaining Local Partnership adversely by increasing operating costs, such as fuel, utilities, and labor.”
“Since revenues from sales of assets are driven by market conditions, inflation has little impact on sales.”
“Management believes the only impact would be from laws that have not yet been adopted.”