Qualified Management Company definition

Qualified Management Company means a Management Company that meets the education requirements specified in Appendix B, and is not disqualified by MBOH to serve as a Management Company on existing, new or additional Tax Credit Properties or Projects, based upon the company’s: (a) failure to complete timely any required training; (b) failure to have or maintain any required certification; (c) record of noncompliance, or lack of cooperation in correcting or refusal to correct noncompliance, on or with respect to any Tax Credit or other publicly subsidized low-income housing property; or (d) delinquent MBOH late fees (unless the Management Company demonstrates to the satisfaction of MBOH that such noncompliance or lack of cooperation was beyond such
Sample 1Sample 2Sample 3
Qualified Management Company means any Person that, together with its Subsidiaries, has derived, or owns or has acquired assets that have derived, an aggregate of at least $50.0 million of Consolidated Cash Flow during the most recently completed four calendar quarters from the operation or management of gaming enterprises (other than enterprises owned by the Company and the Guarantors) located in the United States, or a Subsidiary of such Person.
Sample 1Sample 2Sample 3
Qualified Management Company means a property manager of any Property that (A) is a reputable, nationally or regionally recognized hotel management company having at least five (5) years’ experience in the management of similar type hotels in major U.S. metropolitan areas, (B) at the time of its engagement as property manager of the Properties manages, and for the five (5) year period immediately preceding such engagement managed, at least ten (10) hotels of a size, quality, level of service and class similar to the Properties, and (C) is not the subject of a bankruptcy or similar insolvency proceeding (other than an involuntary bankruptcy that was involuntary and not consented to by such Person, and that was discharged, stayed or dismissed within ninety (90) days after the filing thereof).
Sample 1

Examples of Qualified Management Company in a sentence

  • No Change in Management Company shall be acceptable unless it results in a Qualified Management Company assuming management of the property.

  • Training requirements must be met to maintain Qualified Management Company status.Persons responsible for qualifying tenants and verifying compliance (involved in tenant qualification and compliance) must also attend Fair Housing training at least once every four years.

  • Replacement of a Management Company with a company that is not a Qualified Management Company or failure to timely submit such notification to MBOH may trigger issuance of a IRS Form 8823.

  • Training requirements must be met to maintain Qualified Management Company status.

  • Replacement of a Management Company with a company that is not a Qualified Management Company or failure to timely submit such notification to MBOH may trigger issuance of an IRS Form 8823.

  • New property management companies hired for existing properties must be certified per the above requirements before they assume management of a property.Training requirements must be met to maintain Qualified Management Company status.Persons responsible for qualifying tenants and verifying compliance (involved in tenant qualification and compliance) must also attend Fair Housing training at least once every four years.

  • Replacement of a management company with a company that is not a Qualified Management Company or failure to timely submit such notification to MBOH may trigger issuance of an IRS Form 8823.

  • A property management company must be a Qualified Management Company.

  • Qualified Management Company personnel responsible for providing or explaining information for tenant qualification or qualifying tenants and verifying compliance must be certified in LIHTC compliance by one of the Nationally-Recognized LIHTC Compliance Training Companies.Personnel must attend a certification class with a Nationally-Recognized LIHTC Compliance Training Company at least once every four years.

  • The Qualified Management Company and site manager for an HC property must be trained and certified before the property is Placed in Service.

Related to Qualified Management Company

  • Management Company means the firm overseeing the operation and management of the Participating Property; and shall mean the Grantee in any event wherein the Management Company is required to perform any obligations under this Agreement.

  • Management Company Employee means an individual employed by a Person providing management services to the Company which are required for the ongoing successful operation of the business enterprise of the Company, but excluding a Person engaged in Investor Relations Activities;

  • Client company means any person that enters into an agreement for professional employer services

  • Environmental Management Plan or “EMP” means the environmental management plan for the Project, including any update thereto, incorporated in the IEE;

  • Ultimate Parent Company means a company which owns at least twenty six percent (26%) equity in the Bidding Company or Member of a Consortium, (as the case may be) and in the Technically Evaluated Entity and/or Financially Evaluated Entity (as the case may be) and such Bidding Company or Member of a Consortium, (as the case may be) and the Technically Evaluated Entity and/or Financially Evaluated Entity (as the case may be) shall be under the direct control or indirectly under the common control of such company;