Common use of Non-Permitted Holders Clause in Contracts

Non-Permitted Holders. (a) Notwithstanding anything to the contrary elsewhere in this Indenture, (x) any transfer of a beneficial interest in any Secured Note to a U.S. person that is not (A) a QIB/QP or (B) an Institutional Accredited Investor that is also a Qualified Purchaser or a corporation, partnership, limited liability company or other entity (other than a trust), each shareholder, partner, member or other equity owner of which is a Qualified Purchaser and (y) any transfer of a beneficial interest in any Subordinated Note to a U.S. person that is not (A) a QIB/QP, (B) an Institutional Accredited Investor that is also a Qualified Purchaser or a corporation, partnership, limited liability company or other entity (other than a trust), each shareholder, partner, member or other equity owner of which is a Qualified Purchaser or (C) an Accredited Investor (other than an Institutional Accredited Investor) that is also a Knowledgeable Employee with respect to the Issuer, in each case shall be null and void and any such purported transfer of which the Issuer, the Co-Issuer or the Trustee shall have notice may be disregarded by the Issuer, the Co-Issuer and the Trustee for all purposes.

Non-Permitted Holders. (a) Notwithstanding anything to the contrary elsewhere in this Indenture, (x) any transfer of a beneficial interest in any Secured Note to a U.S. person that is not (A) a QIB/QP or (B) other than a U.S. person that is an Institutional Accredited Investor that and is also a Qualified Purchaser or a corporation, partnership, limited liability company or other entity (other than a trust), each shareholder, partner, member or other equity owner of which is a Qualified Purchaser Purchaser) and (y) any transfer of a beneficial interest in any Subordinated Note to a U.S. person that is not (A) (1) a QIB/QPQualified Institutional Buyer, (B2) an Institutional Accredited Investor or (3) an Accredited Investor that is also a Knowledgeable Employee with respect to the Issuer and (B) a Qualified Purchaser Purchaser, a Knowledgeable Employee with respect to the Issuer or a corporation, partnership, limited liability company or other entity (other than a trust), each shareholder, partner, member or other equity owner of which is either a Qualified Purchaser or (C) an Accredited Investor (other than an Institutional Accredited Investor) that is also a Knowledgeable Employee with respect to the Issuer, in each case Issuer shall be null and void and any such purported transfer of which the Issuer, the Co-Issuer or the Trustee shall have notice may be disregarded by the Issuer, the Co-Issuer and the Trustee for all purposes.

Non-Permitted Holders. (a) Notwithstanding anything to the contrary elsewhere in this Indentureherein, (x) any transfer of a beneficial interest in any Secured Note to a U.S. person that is not (A) a QIB/QP or (B) other than a U.S. person that is an Institutional Accredited Investor that and is also a Qualified Purchaser (or a corporation, partnership, limited liability company or other entity (other than a trust), each shareholder, partner, member or other equity owner of which is a Qualified Purchaser Purchaser)) and (y) any transfer of a beneficial interest in any Subordinated Note to a U.S. person that is not (A) a QIB/QP, Qualified Institutional Buyer or an Accredited Investor and (B) an Institutional Accredited Investor that is also a Qualified Purchaser Purchaser, a Knowledgeable Employee with respect to the Issuer, Collateral Manager or a corporation, partnership, limited liability company or other entity (other than a trust), each shareholder, partner, member or other equity owner of which is either a Qualified Purchaser or (C) an Accredited Investor (other than an Institutional Accredited Investor) that is also a Knowledgeable Employee with respect to the Issuer, in each case Issuer or Collateral Manager shall be null and void and any such purported transfer of which the Issuer, the Co-Issuer or the Trustee shall have notice may be disregarded by the Issuer, the Co-Issuer and the Trustee for all purposes.

Non-Permitted Holders. (a) Notwithstanding anything to the contrary elsewhere in this Indentureherein, (x) any transfer of a beneficial interest in any Secured Note Notes to a U.S. person that is not (A) a QIB/QP or (B) other than a U.S. person that is an Institutional Accredited Investor that and is also a Qualified Purchaser (or a corporation, partnership, limited liability company or other entity (other than a trust), each shareholder, partner, member or other equity owner of which is a Qualified Purchaser Purchaser)) and (y) any transfer of a beneficial interest in any Subordinated Note to a U.S. person that is not (A) a QIB/QP, Qualified Institutional Buyer or an Accredited Investor and (B) an Institutional Accredited Investor that is also a Qualified Purchaser Purchaser, a Knowledgeable Employee with respect to the Issuer, Collateral Manager or a corporation, partnership, limited liability company or other entity (other than a trust), each shareholder, partner, member or other equity owner of which is either a Qualified Purchaser or (C) an Accredited Investor (other than an Institutional Accredited Investor) that is also a Knowledgeable Employee with respect to the Issuer, in each case Issuer or Collateral Manager shall be null and void and any such purported transfer of which the Issuer, the Co-Issuer or the Trustee shall have notice may be disregarded by the Issuer, the Co-Issuer and the Trustee for all purposes.

Non-Permitted Holders. (a) Notwithstanding anything to the contrary elsewhere in this Indentureherein, (x) any transfer of a beneficial interest in any Secured Note to a U.S. person that is not (A) a QIB/QP or (B) other than a U.S. person that is an Institutional Accredited Investor that and is also a Qualified Purchaser (or a corporation, partnership, limited liability company or other entity (other than a trust), each shareholder, partner, member or other equity owner of which is a Qualified Purchaser Purchaser)) and (y) any transfer of a beneficial interest in any Subordinated Note to a U.S. person that is not (A) a QIB/QP, Qualified Institutional Buyer or an Accredited Investor and (B) an Institutional Accredited Investor that is also a Qualified Purchaser Purchaser, a Knowledgeable Employee with respect to the Issuer, Collateral Manager or a corporation, partnership, limited liability company or other entity (other than a trust), each shareholder, partner, member or other equity owner of which is either a Qualified Purchaser or (C) an Accredited Investor (other than an Institutional Accredited Investor) that is also a Knowledgeable Employee with respect to the Issuer, in each case Issuer or Collateral Manager shall be null and void and any such purported transfer of which the Issuer, the Co-Issuer Collateral Trustee or the Trustee Loan Agent shall have notice may be disregarded by the Issuer, the Co-Issuer Collateral Trustee and the Trustee Loan Agent for all purposes.

Non-Permitted Holders. (a) Notwithstanding anything to the contrary elsewhere in this Indentureherein, (x) any transfer of a beneficial interest in any Secured Note Debt to a U.S. person that is not (A) a QIB/QP or (B) other than a U.S. person that is an Institutional Accredited Investor that and is also a Qualified Purchaser (or a corporation, partnership, limited liability company or other entity (other than a trust), each shareholder, partner, member or other equity owner of which is a Qualified Purchaser Purchaser) and (y) any transfer of a beneficial interest in any Subordinated Note to a U.S. person that is not (A) a QIB/QP, Qualified Institutional Buyer or an Accredited Investor and (B) an Institutional Accredited Investor that is also a Qualified Purchaser Purchaser, a Knowledgeable Employee with respect to the Issuer, Collateral Manager or a corporation, partnership, limited liability company or other entity (other than a trust), each shareholder, partner, member or other equity owner of which is either a Qualified Purchaser or (C) an Accredited Investor (other than an Institutional Accredited Investor) that is also a Knowledgeable Employee with respect to the Issuer, in each case Issuer or Collateral Manager shall be null and void and any such purported transfer of which the Issuer, the Co-Issuer Trustee, the Collateral Agent or the Trustee Loan Agent shall have notice may be disregarded by the Issuer, the Co-Issuer Trustee, the Collateral Agent and the Trustee Loan Agent for all purposes.