Examples of AIMCO OP in a sentence
Other than as expressly stated above, we express no opinion on any issue relating to AIMCO, AIMCO OP or OTEF.
Each Holder of OP Units agrees that upon surrender of any such OP Units for redemption as provided in the OP Partnership Agreement, such Holder shall make such investment and other representations in connection with (and as a condition to) the issuance of Common Stock in exchange for such OP Units as the Company or AIMCO OP may reasonably request.
Each of English, JWE Real Estate and JWE Development shall deliver to the Buyers duly executed counterparts of an Assignment and Assumption of Partnership Interest, conveying to AIMCO OP the LLC Interests owned by it, free and clear of all liens and encumbrances.
All Shortfall Loans to be made by the AIMCO Members hereunder shall be made only by one or more of the following entities: (1) one or more AIMCO Members, (2) AIMCO REIT, or (3) a direct or indirect wholly-owned subsidiary of AIMCO OP or AIMCO REIT.
CAC will take such actions that are required on its part to be performed to cause (i) Funding to be in compliance, at all relevant times, with Sections 6.01(xviii) and 6.04 of the Sale and Servicing Agreement, and (ii) all factual assumptions set forth in the opinion letters delivered by Dxxxxx Gxxxxxx PLLC with respect to certain bankruptcy matters under the Sale and Servicing Agreement to remain true at all relevant times.
The Indemnifying Party's and escrow holder's obligation to pay any unpaid portion of the Indemnifiable Amount shall terminate ten (10) years from the date of this Agreement and upon such date, escrow holder shall remit any remaining funds in escrow to the Indemnifying Party and the Indemnifying Party shall have no obligation to make any further payments to AIMCO or AIMCO OP notwithstanding that the entire Indemnifiable Amount has not been paid as of such date.
If, upon or after any Transfer (including, without limitation, a Change in Control of the AIMCO REIT) the Member to which the Transfer relates is as a result of such Transfer not ultimately controlled by AIMCO OP or GECC, then as a condition precedent to such Transfer the transferee shall execute and deliver to the Company a Compliance Certificate.
AIMCO OP or such Affiliate shall give all Transferred Employees who accept employment with AIMCO OP or such Affiliate credit for prior service with JWE Management for purposes of determining eligibility and vesting (but not benefit accrual) under employee benefit plans, policies and arrangements of AIMCO OP or such Affiliate.
If AIMCO REIT, AIMCO OP or any Affiliate of either of them provides xxxxxxx'x compensation insurance for the on-site employees of a Project or health insurance to the on-site employees of a Project, then the premiums for the same may be reimbursed as reflected in an approved Annual Business Plan or an approved Operating Budget (it being acknowledged that the premiums shall be at market rates rather than at actual cost to such issuer).
Copies of the AIMCO OP Partnership Agreement and the AIMCO OP Partnership Certificate (the "AIMCO OP ORGANIZATIONAL DOCUMENTS"), certified as true, correct and complete by a duly authorized officer of the AIMCO REIT, have been delivered to Xxxxxx Xxx.