Examples of AIMCO REIT in a sentence
If AIMCO REIT, AIMCO OP or any Affiliate of either of them provides property casualty or general liability insurance to the Company or a Subsidiary, then the premiums for the same may be reimbursed, as reflected in an approved Annual Business Plan (it being acknowledged that the premiums shall be at market rates rather than at actual cost to such issuer).
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.
Notwithstanding the foregoing, Kushxxx xxxll not, and shall not permit any Affiliate property manager to, take any action adding services to be provided at any property without the prior written consent of AIMCO and the Submanagement Agreements and the Management and Leasing Agreement shall so provide, it being understood and agreed that any such action could adversely impact the status of the AIMCO REIT Entity.
The lender is an institutional lender (e.g., Xxxxxxx Mac, Xxxxxx Xxx, a life insurance company, a pension fund) not affiliated with AIMCO REIT or any AIMCO Member and with a national reputation in real estate finance.
As long as AIMCO REIT, any AIMCO Member, or any of their Affiliates, is the Property Manager of a Project, then the AIMCO Managing Member will cause property hazard and general liability insurance coverages for such Projects to be obtained and maintained from a carrier approved by the Members and in accordance with the Company's Insurance Program, as approved by the Members from time to time (it being understood that all such insurance premiums shall be amortized on a "straight-line" basis).
The AIMCO REIT Entity has elected to be subject to tax as a real estate investment trust (a "REIT") within the meaning of Sections 856 through 860 of the Code.
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.
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.
Entering into, amending, modifying or changing any agreement or arrangement with AIMCO REIT, AIMCO OP, or any of their respective Affiliates other than as expressly herein contemplated (including, without limitation, Section 4.12 hereof).