AAC III definition

AAC III means American Apartment Communities III, L.P., a Delaware limited partnership.
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Examples of AAC III in a sentence

  • Borrower shall have executed and delivered and caused the applicable members of the Borrower Control Group to execute and deliver to Lender the Amended and Restated Deposit Account Agreement and shall have delivered to Lender the Direction Letters countersigned and consented to by the Operating Companies (other than AAC III and the Destination Entities).

  • AAC III may terminate any such plans, provided that it may, in its sole discretion in the case of the AAC 401(k) Plan, transfer into the corresponding plan or plans of the Surviving Corporation assets and liabilities attributable to Former AAC Employees in a manner consistent with Section 414(l) of the Code.

  • As of the Closing Date, sponsorship of all AAC Benefit Plans shall be assumed by American Apartment Communities III, L.P. ("AAC III"), which shall thereafter be responsible for the administration of such plans.

  • Borrower and each applicable member of the Borrower Control Group shall cooperate with Lender and take such actions required by Lender to ensure that all such Direction Letters are countersigned and consented to by the Operating Companies (other than AAC III).

  • Borrower shall cause to be executed and delivered to Lender an estoppel, in form and substance reasonably satisfactory to Lender, from the limited partner of AAC III to the effect that all capital contributions and other payments to AAC III required to be made at any time by AAC Inc.

  • Lender shall have received evidence satisfactory to Lender (which may be in the form of a certificate made by an executive officer of Lazard Freres REI) that the loan made pursuant to that certain Credit Agreement, dated as of December 22, 1997, among Nationsbank, N.A., AAC III, AAC Inc.

Related to AAC III

  • (c) (iii) Quarter’ means a three-month period commencing on January 1, April 1, July 1 or October 1 in a calendar year."

  • Section 385 Controlled Partnership has the meaning set forth in Treasury Regulation Section 1.385-1(c)(1) for a “controlled partnership”.

  • Local Distribution Company or “LDC” means a Person licensed by the OEB as a “Distributor” in connection with a Distribution System.

  • REMIC III The segregated pool of assets consisting of all of the REMIC II Regular Interests conveyed in trust to the Trustee, for the benefit of the REMIC III Certificateholders pursuant to Section 2.07, and all amounts deposited therein, with respect to which a separate REMIC election is to be made.

  • Special Purpose Investment Personnel means each SEI Access Person who, in connection with his or her regular functions (including, where appropriate, attendance at Board meetings and other meetings at which the official business of a Trust or any Fund thereof is discussed or carried on), obtains contemporaneous information regarding the purchase or sale of a Security by a Fund. Special Purpose Investment Personnel shall occupy this status only with respect to those Securities as to which he or she obtains such contemporaneous information.

  • R E C I T A L S A. The parties desire to enter into this Agreement setting forth the terms and conditions of the employment relationship between the Corporation and the Executive.