IIP definition
Examples of IIP in a sentence
IIP Operating Partnership, LP, a Delaware limited partnership (the “Member”), through its attorney in fact, formed the Company as a limited liability company pursuant to the provisions of the Delaware Limited Liability Company Act (as such may be amended or succeeded from time to time, the “Act”).
As provided herein, the Trustee shall elect to treat the segregated pool of assets consisting of the Class II-P Interest as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC IX”.
The amount on deposit in the Class II-P Certificate Account shall be held uninvested.
The faculty member will cooperate in establishing any such IIP and, to the extent practicable, the IIP will include objective and measurable standards and goals.
The Trustee acknowledges receipt of the Class II-P Interest (which is uncertificated) and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Holders of the REMIC IX Certificates.