Acceptable Owner definition

Acceptable Owner has the meaning ascribed to it in Exhibit “A”.
Sample 1Sample 2Sample 3
Acceptable Owner means any individual, corporation or other entity which has, at a minimum, the following qualifications:
Sample 1Sample 2Sample 3
Acceptable Owner means any Person, when considered collectively with its Affiliates, that (a) has, or is a direct or indirect Subsidiary of a Person that has, a tangible net worth, assets under management or, to the extent its securities are publicly traded, equity value of at least $1,000,000,000 and (b)(i) is a Qualified Operator or (ii) has an Affiliate that is a Qualified Operator.
Sample 1Sample 2

Examples of Acceptable Owner in a sentence

  • Parties continuing to discuss details, i.e., City’s provisions requiring Major Proposed Transferees to meet City’s Acceptable Owner criteria (i.e., no felony convictions, bankruptcies in last 5 years, lawsuits against City in last 5 years, and the like).

  • Said information shall include information which shows that the transferee is an Acceptable Owner as set forth on Exhibit “A” attached hereto.

  • The 1987 market crash and the subsequent collapse of many corporations resulted in a more comprehensive reform of corporate governance mechanisms around the world (Standards Australia 2003).

  • Failure to furnish a bid guarantee in the proper form and amount, by the time set for proposal submission, may be cause for rejection of the offer.


More Definitions of Acceptable Owner

Acceptable Owner has the meaning provided in Exhibit B. “Acceptable Owner Criteria” has the meaning provided in Exhibit B.
Sample 1
Acceptable Owner means (i) the Founding Equity Investors or (ii) any Person (1) that has (a) ratings from Xxxxx’x and S&P not less than the higher of (x) the then-current rating of the Borrower and (y) a rating of Baa2 from Xxxxx’x and BBB from S&P at the time that such Person acquires directly or indirectly more than 50% of the economic and voting interests of the Borrower and (b) demonstrated experience in the business of owning, managing and operating transmission facilities substantially similar to the Project or (2) if such Person does not meet the foregoing criteria, such Person is acceptable, at the time that such Person acquires directly or indirectly more than 50% of the economic and voting interests of the Borrower, to the Required Financing Parties.
Sample 1
Acceptable Owner means any of the following: (a) a Person (other than an individual), including any Person Controlled by such Person, with (i) a tangible net worth (as determined in accordance with GAAP) greater than or equal to $100,000,000, (ii) demonstrated experience in the business of owning, managing, and operating wind power generating facilities similar to the Project or a management agreement in place with a Person that possesses such experience, and (iii) a long-term unsecured indebtedness rating of at least BBB- from S&P, Fitch or KBRA or Baa3 from Moody’s or BBB(low) from DBRS, or if more than one such rating agency rates the debt of such Person, such Person has ratings of not less than the foregoing ratings from at least two such rating agencies, or (b) a Person otherwise acceptable to the Required Holders, acting reasonably.
Sample 1
Acceptable Owner means any of the following: (a) a Person (other than an individual), including any Person Controlled by such Person, with (i) a tangible net worth (as determined in accordance with GAAP) greater than or equal to $100,000,000, (ii) demonstrated experience in the business of owning, managing, and operating wind power generating facilities similar to the Project or a management agreement in place with a Person that possesses such experience, and (iii) a long-term unsecured indebtedness rating of at least BBB- from S&P, Fitch or KBRA or Baa3 from Xxxxx’x or BBB(low) from DBRS, or if more than one such rating agency rates the debt of such Person, such Person has ratings of not less than the foregoing ratings from at least two such rating agencies, or (b) a Person otherwise acceptable to the Required Holders, acting reasonably.
Sample 1
Acceptable Owner or “Acceptable Transferee” (or substantially equivalent terms), (ii) shall not be a “Disqualified Transferee” (or substantially equivalent term) and (iii) shall otherwise satisfy the other suitability requirements (including, without limitation, with respect to creditworthiness), in each case, applicable to Buyer in connection with the consummation of the transactions contemplated by this Agreement with respect to each agreement to which any member of the Company Group is party, to the extent set forth on Schedule 4.11 of the Disclosure Schedules.
Sample 1

Related to Acceptable Owner

  • Acceptable Counterparty means any counterparty to the Interest Rate Cap Agreement that has and shall maintain, until the expiration of the applicable Interest Rate Cap Agreement, a long-term unsecured debt rating of at least “A+” by S&P and “Aa3” from Xxxxx’x, which rating shall not include a “t” or otherwise reflect a termination risk and is otherwise reasonably acceptable to Lender.

  • Acceptable Bank means (a) a bank or financial institution which has a rating for its long-term unsecured and non credit-enhanced debt obligations of A- or higher by S&P or A2 or higher by Xxxxx’x or a comparable rating from an internationally recognized credit rating agency; or (b) any other bank or financial institution approved by each Agent.

  • Acceptable Tender means any Tender which, in all respects, complies with the conditions of Tender and specifications as set out in the Tender document, including conditions as specified in the Preferential Procurement Policy Framework Act (Act 5 of 2000) and the Supply Chain Management of Council.

  • Qualified Manager means in the reasonable judgment of Lender, a reputable and experienced management organization (which may be an Affiliate of Borrower) possessing experience in managing properties similar in size, scope, use and value as the Property, provided, that Borrower shall have obtained (i) prior written confirmation from the applicable Rating Agencies that management of the Property by such Person will not cause a downgrade, withdrawal or qualification of the then current ratings of the Securities or any class thereof and (ii) if such Person is an Affiliate of Borrower, an Additional Insolvency Opinion.

  • Acceptable means the Authority has reviewed the method, procedure, or policy and has neither objected to nor approved its proposed use or implementation.

  • Acceptable Appraisal means, with respect to an appraisal of Inventory, the most recent appraisal of such property received by Agent (a) from an appraisal company satisfactory to Agent, (b) the scope and methodology (including, to the extent relevant, any sampling procedure employed by such appraisal company) of which are satisfactory to Agent, and (c) the results of which are satisfactory to Agent, in each case, in Agent’s Permitted Discretion.

  • Acceptable bid means any bid which, in all respects, complies with the conditions of bid and specifications as set out in the bid documents.

  • Acceptable Insurance Default shall have the meaning assigned to such term or analogous term in the Servicing Agreement.

  • Transferor Any Person who is disposing by Transfer of any Ownership Interest in a Certificate.

  • Transferee Letter The meaning specified in Section 12.16.

  • Note Owner means, with respect to a Book-Entry Note, the Person who is the beneficial owner of such Book-Entry Note, as reflected on the books of the Clearing Agency or a Person maintaining an account with such Clearing Agency (directly as a Clearing Agency Participant or as an indirect participant, in each case in accordance with the rules of such Clearing Agency).

  • Representation Letter Letters to, or agreements with, the Depository to effectuate a book entry system with respect to the Class A Certificates registered in the Register under the nominee name of the Depository.

  • Special Instruction Form means a standardized form prescribed by the Management Company to be duly filled by the investor to change his/her particulars and will be stated in this Offering Document.

  • Transferor Letter As defined in Section 5.03(n).