AIOP definition
Examples of AIOP in a sentence
The AIOP Units and AIC stock shall be Rule 144 restricted stock for a period of one year from the date of closing.
The value of the AIOP Units is based upon a stock price of AIC equal to $17.375 per share (based upon the February 26, 1998 closing price of the stock).
Signature Homes, AIOP and ▇▇▇▇▇ are sometimes referred to herein, collectively, as the “Parties”.
No Venturer may sell, transfer, assign or otherwise dispose of or mortgage, hypothecate or otherwise encumber or permit or suffer any encumbrance of all or any part of its interest in the Venture; provided, however, AIOP and its Affiliates may pledge their interest as security for any financing obtained by AIOP in the ordinary course of their business.
Notwithstanding any provision of this Agreement to the contrary, nothing in this Agreement shall (or shall require the Securityholder to attempt to) limit or restrict any Securityholder who is a director or officer of the Company from acting in such capacity (it being understood that this Agreement shall apply to such Securityholder solely in the Securityholder’s capacity as a stockholder of the Company or unitholder of AIOP).
Loans from AIOP to the Venture shall accrue interest at the rate of ten percent (10%) per annum, compounded quarterly.
Transferee shall have the right to assign this Agreement without the prior written consent of Transferor to a single asset entity owned or controlled by Asset Investors Operating Partnership, L.P., a Delaware limited partnership ("AIOP").
CAJV hereby grants, assigns, sells, transfers and sets over to AIOP all of its interest in the Agreement, together with all of CAJV's rights, privileges, duties and obligations set forth in the Agreement.
AIOP accepts this assignment and assumes all of the obligations of CAJV set forth in the Agreement.
Loans shall be interest only; provided, however, if the Venture has cash available for distribution to the Venturers after paying all accrued interest due and payable to AIOP, fifty percent (50%) of the remaining available cash shall be paid to AIOP to reduce the principal balance due on such loan(s) (the "Principal Reduction Payment").