Qualified Equity Holder means Guarantor or successor entities to Guarantor resulting from a public offering, sale of publicly-traded shares, “privatization,” merger, reverse merger or similar event.
Qualified Equity Holder means a Person that is one or more of the following:
Qualified Equity Holder means one or more of the following:
Examples of Qualified Equity Holder in a sentence
In addition, at all times (other than in connection with a Mezzanine Control Event), Guarantor (or a Qualified Equity Holder) must continue to Control Borrower, and own, directly or indirectly, at least a 51% legal and beneficial interest in Borrower.
More Definitions of Qualified Equity Holder
Qualified Equity Holder means (a) whether or not a Securitization has occurred, any bank, savings and loan association, investment bank, insurance company, trust company, commercial credit corporation, pension plan, pension fund, pension advisory firm, mutual fund, real estate investment trust, or institutional entity substantially similar to any of the foregoing, provided in each case that such institution has total assets (in name or under management) in excess of $200,000,000 and is regularly engaged in the business of owning and operating properties similar to the Property, (b) if prior to a Securitization, any other Person approved in writing by Lender in its sole and absolute discretion, or (c) if after a Securitization, any other Person for which Rating Agency Confirmation has been obtained.
Qualified Equity Holder means (i) Guarantor or (ii) a bank, savings and loan association, investment bank, insurance company, trust company, commercial credit corporation, pension plan, pension fund or pension advisory firm, mutual fund, government entity or plan, real estate company, investment fund or an institution substantially similar to any of the foregoing, provided, in each case under this clause (ii) that such Person (x) has total assets (in its name or under its management) in excess of $1,000,000,000.00 and (except with respect to a pension advisory firm or similar fiduciary) capital/statutory surplus or shareholder’s equity in excess of $400,000,000.00 (in both cases, exclusive of the Property), (y) is regularly engaged in the business of directly or indirectly owning or operating hotel properties similar to, or better than, the Properties, and (z) at the time of the applicable Transfer, directly or indirectly owns or operates no less than fifty (50) hotel properties similar to, or better than, the Properties, containing an aggregate of no less than seven thousand (7,000) keys (in each case of clause (x) through clause (z) above, exclusive of the Properties), or (iii) any other Person reasonably approved by Lender. In no event, however, shall a Person be deemed a Qualified Equity Holder for purposes of this Agreement if (i) such Person shall be VEREIT or any of its Affiliates or (ii) (x) such Person or its Affiliates (1) is or has during the previous ten (10) years been the subject of a Bankruptcy Action, (2) has been convicted in a criminal proceeding for a felony or any crime involving moral turpitude or is an organized crime figure or is reputed to have substantial business or other affiliations with any organized crime figure, or (3) is listed on any Government Lists.
Qualified Equity Holder means a Qualified Transferee that is a bank, savings and loan association, investment bank, insurance company, trust company, commercial credit corporation, pension plan, pension fund or pension advisory firm, mutual fund, government entity or plan, real estate company, real estate investment trust, investment fund or an institution substantially similar to any of the foregoing, provided in each case, that such institution has total real estate assets in the United States or Canada (in name or under management) in excess of $750,000,000 and a capital/statutory surplus or shareholder equity in excess of $350,000,000, in each case, exclusive of the Property.
Qualified Equity Holder means (a) Guarantor or (b) one or more other Persons that are owned 100% directly or indirectly by a newly created entity, (i) which entity has as its sponsor, CNL Financial Group, LLC, or (ii) which entity is directly or indirectly owned, organized or managed by CNL Holdings, LLC, or, with respect to any of the foregoing, successor entities thereto resulting from a public offering, sale of publicly-traded shares, “privatization,” merger, reverse merger or similar event.
Qualified Equity Holder means (i) ARCNYC REIT or (ii) a bank, savings and loan association, investment bank, insurance company, trust company, commercial credit corporation, pension plan, pension fund or pension advisory firm, mutual fund, government entity or plan, real estate company, investment fund or an institution substantially similar to any of the foregoing, provided, in each case under this clause (ii) that such Person (x) has total assets (in its name or under its management) in excess of $1,000,000,000.00 and (except with respect to a pension advisory S-I-19 firm or similar fiduciary) capital/statutory surplus or shareholder’s equity in excess of $300,000,000.00 (in both cases, exclusive of the Property), (y) is regularly engaged in the business of directly or indirectly owning or operating properties, and (z) at the time of the applicable Transfer, directly or indirectly owns or operates no less than ten (10) properties, containing an aggregate of no less than two million (2,000,000) square feet (in each case of clause (x) through clause (z) above, exclusive of the Property), or (iii) any other Person reasonably approved by Lender. In no event, however, shall a Person be deemed a Qualified Equity Holder for purposes of this Agreement if such Person or its Qualified Affiliates (but, with respect to clause (iii) of the definition of a Qualified Affiliate, only to the extent that the applicable director or executive officer of such Person continues to be a director or executive office, as applicable, of such Person following any of the events described in the subsequent clauses (1) through (3)), (1) is or has during the previous ten (10) years been the subject of a Bankruptcy Action, (2) has been convicted in a criminal proceeding for a felony or any crime involving moral turpitude or is an organized crime figure or is reputed to have substantial business or other affiliations with any organized crime figure, or (3) is listed on any Government Lists.
Qualified Equity Holder means a Person that (a) is not a Disqualified Person or a Prohibited Person and (b) is one or more of the following:
Qualified Equity Holder means a Qualified Transferee that is a bank, savings and loan association, investment bank, insurance company, trust company, commercial credit corporation, pension plan, pension fund or pension advisory firm, mutual fund, government entity or plan, real estate company, real estate investment trust, investment fund or an institution substantially similar to any of the foregoing, provided in each case, that such institution has total real estate assets in the United States or Canada (in name or under management) in excess of $750,000,000 and a capital/statutory surplus or shareholder equity in excess of $350,000,000, in each case, exclusive of the Senior Collateral and the Collateral.