AH LLC definition
Examples of AH LLC in a sentence
For U.S. federal income tax purposes, the parties intend to treat the Partnership as a partnership, and the Partnership shall be deemed to be the same entity as AH LLC.
This Agreement has been duly authorized, executed and delivered by AH LLC and constitutes the legal, valid and binding agreement of AH LLC enforceable against AH LLC in accordance with its terms, subject to applicable bankruptcy, insolvency or other similar laws affecting enforcement of creditors’ rights and to general principles of equity.
All delinquent rents as of the Closing received by the Company or the OP after the Closing, will be applied (i) first, to current rent and other amounts then due and payable under the applicable Lease, (ii) then to delinquent rent due for periods after the month of the Closing, and (iii) then to delinquent rent due for periods prior to the month of the Closing (with such amounts being paid to AH LLC).
AH LLC has delivered to the Company a complete and correct copy of all such policies together with all riders and amendments thereto entered into prior to the date hereof.
In addition, AH LLC shall transfer to the account of the OP any security deposits for which AH LLC, or its applicable subsidiaries, is liable under the Leases (to the extent such security deposits have not been applied against delinquent rents).
Once all applicable amounts have been ascertained, AH LLC shall prepare and deliver a final statement of prorations to the Company.
No prorations will be made in relation to any AH Parties’ existing financing, all of which shall be the responsibility solely of AH LLC.
To the Knowledge of AH LLC, there are no existing or proposed or contemplated eminent domain proceedings that would affect any of the Properties.
The AH Subsidiaries will continue to hold legal title to the Available Properties only as a title-holding agent on behalf of AH LLC, and at the Final Closing, AH LLC will be deemed to have transferred all beneficial interests in and to the Contributed Properties Interests to the Company.
To the Knowledge of AH LLC, (i) the Business has no significant deficiencies in the design or operation of its internal controls which could have a Material Adverse Effect on the Company’s ability to record, process, summarize and report financial data with respect to the Business; and (ii) no AH Party has identified any fraud, whether or not material, that involves management or other employees of such AH Party who have a significant role in such AH Party’s internal controls with respect to the Business.