Common use of Owner Notification Clause in Contracts

Owner Notification. Manager shall promptly, and in no event later than one (1) Business Day after obtaining knowledge thereof, notify Owner of any of the following: (i) loss of life; (ii) life threatening situations; (iii) legal actions against the Owner or any Property which are pending or threatened in writing; (iv) fire; (v) written indoor air quality complaint; (vi) written notification of significant environmental risk (it being acknowledged by Owner that Manager in discharging these duties does not have special environmental training and qualifications and is not being held to the standard of someone with such special environmental training and qualifications); (vii) receipt of written notice from any governmental entity relating to the presence or release of any hazardous materials; or (viii) receipt of any material zoning violations.

Appears in 8 contracts

Samples: Property Management Agreement (Aimco OP L.P.), Property Management Agreement (Aimco OP L.P.), Property Management Agreement (Aimco OP L.P.)

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Owner Notification. Manager shall promptly, and in no event later than one (1) Business Day after obtaining knowledge thereof, notify Owner of any of the following: (i) loss of life; (ii) life threatening situations; (iii) legal actions against the Owner or any Property which are pending or threatened in writing; (iv) fire; (v) written indoor air quality complaint; (vi) written notification of significant environmental risk (it being acknowledged by Owner that Manager in discharging these duties does not have special environmental training and qualifications and is not being held to the standard of someone with such special environmental training and qualifications); (vii) receipt of written notice from any governmental entity relating to the presence or release of any hazardous materials; or (viii) receipt of any material zoning violations.. Table of Contents

Appears in 1 contract

Samples: Property Management Agreement (Aimco Properties L.P.)

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