Qualified Manager

Qualified Manager. Means (a) the Mezzanine Lender or any Affiliate of Mezzanine Lender, (b) the existing property manager for the Properties, or (c) one or more property manager(s) for the Properties each of which (i) is a reputable management company having at least five (5) years' experience in the management of hospitality properties similar in use and value as the Properties and (ii) at the time of its engagement as manager is managing no less than 50 hospitality properties containing no less than 5000 keys.