NAPICO definition
Examples of NAPICO in a sentence
NAPICO, NAPIA and limited partners owning a majority of the outstanding limited partnership interests of the Partnership have approved this Amendment.
NAPICO, HPC II, NPIA and limited partners owning a majority of the outstanding limited partnership interests of the Partnership have approved this Amendment.
Should AIMCO not acquire Casden and NAPICO, Casden and NAPICO will not receive relief for violations of Section 1018 as described in Paragraph 36 of this Consent Agreement, and AIMCO will not be required to perform the work required in Paragraphs 47 through 71 of this Consent Agreement on the target housing properties currently owned by Casden and NAPICO listed on the Currently Owned or Managed Property List (Appendix 2).
To Casden's knowledge, all outstanding ownership interests in the NAPICO Entities and each Person in which the NAPICO Entities hold an ownership interest have been validly issued.
At the Closing Date, other than a corporation that is a "Qualified REIT Subsidiary" of Casden within the meaning of Section 856(i)(2) of the Code or a "Taxable REIT Subsidiary" of Casden within the meaning of Section 856(l) of the Code, neither Casden nor any Casden Subsidiary (excluding, for purposes of this provision, NAPICO and the NAPICO Entities) will own (as determined for purposes of Section 856 of the Code and the Regulations promulgated thereunder, including Treasury Reg.
Within ten business days prior to the Closing Date, Casden shall provide, or cause to be provided, to AIMCO, the name and state of organization, of and ownership interest in, each Person in which the NAPICO Entities holds an ownership interest and each real property (except for the NAPICO Properties) in which any fund sponsored by NAPICO has a limited partnership ownership interest (the "NAPICO Syndicated Properties").
Casden shall not, nor shall Casden permit any of the Casden Subsidiaries (other than NAPICO and the NAPICO Entities) to, sell or dispose of any of their assets other than (i) dispositions of assets set forth on Section 6.1(f) of the Casden Disclosure Letter or (ii) the Commercial Sale, the ▇▇▇▇ Store Sale or the Asset Purchase.
AIMCO, the Casden Indemnitors (as defined herein), Casden Builders, Inc., CPLB and NAPICO, Inc.
Casden shall submit the General Questionnaire to the asset manager or property manager of each NAPICO Property.
NAPICO and limited partners owning a majority of the outstanding limited partnership interests of the Partnership have approved this Amendment.