IREIC definition
Examples of IREIC in a sentence
In addition to Base Salary, Inland Real Estate Investment Corporation (“IREIC”) shall determine and may pay to you an annual bonus for the year ended December 31, 2007 (the “2007 Bonus”) in the sole discretion of IREIC.
The facsimile copies showing the signatures of IWEST, the Agent, IREIC and Escrow Agent will constitute originally signed copies of the same agreement requiring no further execution.
Consistent with past practice, the Company shall not reimburse IREIC for any portion of the 2007 Bonus.
IREIC, IWEST, the Agent and the Escrow Agent are parties to that certain Escrow Agreement, dated as of November 15, 2007 (the "Escrow Agreement").
Upon satisfaction of all of the conditions set forth in Section 5.16 of the Guaranty and Section 25 of the Environmental Indemnity and the release of IREIC in accordance therewith, IREIC shall be deemed automatically released from all liability under the Guaranty, the Environmental Indemnity and the Joinder Agreement first accruing after such release and all references in this Agreement and the other Loan Documents to “Guarantor” shall be solely a reference to IREIT.
Upon the occurrence of the IREIC Release Event, IREIC shall be deemed released automatically from all liability under this Guaranty, the Environmental Indemnity and the Joinder Agreement and all references to “Guarantor” in this Guaranty and the other Loan Documents shall be solely a reference to IREIT, and IREIC shall have no further obligations hereunder or under the other Loan Documents.
All of the issued and outstanding Advisor Shares are owned by IREIC and are validly issued, fully paid and non-assessable, free of preemptive rights with respect thereto and have been issued in compliance with all applicable federal and state securities laws.
IREIC has good and marketable title to, and is the record and beneficial owner of all Advisor Shares, free and clear of any Liens.
Any agreement on the part of IREIC or the Agent to any such extension or waiver shall be valid only if set forth in an instrument in writing signed on behalf of IREIC and the Agent.
IREIC is the Sponsor of IRRETI, and IRRETI has commenced its initial public offering of its shares of common stock ("Shares") pursuant to a registration statement declared effective by the Securities and Exchange Commission on February 11, 1999.