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accordance with the terms of this Agreement and (i) the <br /> Mortgages, and any documents related thereto, (ii) the Ground <br /> Lease, (iii) all applicable statutes, rules and regulations <br /> with respect to the Development, and (iv) any other agreement <br /> relating to the Development. <br /> (b) In addition to the requirements of paragraph (a) above, <br /> the General Partner shall operate all 200 residential units in <br /> accordance with (i) the requirements of the federal Low Income <br /> Housing Credit for a term of not less than the 15 -year compliance <br /> period as defined in Section 42 of the Code and otherwise so as <br /> to avoid any recapture of the federal Low Income Housing Credit <br /> and (ii) the Regulatory Agreement. <br /> 7.11. Reports to Lenders and Government Agencies. <br /> The General Partner shall furnish or cause to be <br /> furnished the information regarding the Development (a) <br /> reasonably requested from time to time by those agencies that <br /> provide financing to the Partnership under the Mortgages, and (b) <br /> required under the Low Income Housing Credits. <br /> 7.12. Net Worth of the General Partner. <br /> The General Partner shall maintain throughout the term of <br /> the Partnership a net worth of not less than $750,000. <br /> 7.13. Establishing and Maintaining Reserves. <br /> The Partnership shall establish an operating deficit <br /> reserve "Operating Deficit Reserve for the Partnership which <br /> shall be used for operating deficits in the day to day operations <br /> of the Development, including but not limited to debt Service and <br /> property management fees, but shall not be used to pay any fees <br /> -38- <br />