Eligibility Requirements definition

Eligibility Requirements means, with respect to any Person, that such Person has at least $200,000,000 in capital/statutory surplus or shareholders’ equity (except with respect to a pension advisory firm or similar fiduciary) and at least $600,000,000 in total assets (in name or under management), and is regularly engaged in the business of making or owning commercial real estate loans (or interests therein), mezzanine loans (or interests therein) or commercial loans (or interests therein) similar to the Mortgage Loan.
Eligibility Requirements has the meaning given to such term in Section 2.03(b) hereof.
Eligibility Requirements means, with respect to any Person, that such Person (a) has total assets (in name or under management) in excess of $4,000,000,000 and (except with respect to a pension advisory firm or similar fiduciary) capital/statutory surplus or shareholder’s equity of $1,000,000,000, (b) is regularly engaged in the business of owning and operating commercial real estate properties, (c) is not currently, and its principals are not currently, subject to a Bankruptcy Action and for the immediately preceding 10 years, neither it nor any material subsidiary has been subject to a Bankruptcy Action, and (d) has not been, and its principals have not been, convicted and is not under current indictment for a felony or crime involving moral turpitude, has not been found by a court of competent jurisdiction to have violated federal or state securities laws, and is not an organized crime figure.

Examples of Eligibility Requirements in a sentence

  • If the Applicant does not provide information or sufficient information to the Port Operator within this time then the Applicant will be deemed to have failed or no longer satisfy the Eligibility Requirements (as the case may be).

  • Any subcontract awarded to a foreign person, as defined in the International Traffic in Arms Regulations or the Export Administration Regu- lations, must comply with the Eligibility Requirements clause herein.


More Definitions of Eligibility Requirements

Eligibility Requirements with respect to any Person, that such Person (i) has total assets (in name or under management) in excess of $750,000,000 (excluding the Property) and (except with respect to a pension advisory firm or similar fiduciary) capital/statutory surplus or shareholder’s equity of $300,000,000 (excluding the Property) and (ii) is regularly engaged in the business of owning and operating commercial real estate properties of the type, size and quality comparable to the Property.
Eligibility Requirements means the following qualifications or criteria required for
Eligibility Requirements means the eligibility requirements as set out in the Tender Particulars.
Eligibility Requirements means, with respect to any Person, the requirement that such Person has a Net Assets of not less than $300,000,000.00 (exclusive of such Person’s direct or indirect interest in the Properties and Borrower).
Eligibility Requirements means with respect to any Person, that such Person has total assets (in name or under management) in excess of $600,000,000 and (except with respect to a pension advisory firm or similar fiduciary) capital/statutory surplus or shareholder’s equity of $250,000,000.
Eligibility Requirements has the meaning set forth in Section 2.3(c) of the Indenture.
Eligibility Requirements means the eligibility requirements for each Tenderer (or members of a Consortium Tenderer), as set out in the Tender Particulars;