Qualified Transferee

Qualified Transferee. Means (a) Bear, Stearns Funding or an Affiliate of Bear, Stearns Funding, (b) Mezzanine Lender or any Affiliate of Mezzanine Lender or (c) one or more of the following: (i) a real estate investment trust, bank, saving 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, (ii) an investment company, money management firm or "qualified institutional buyer"... within the meaning of Rule 144A under the Securities Act of 1933, as amended, which is regularly engaged in the business of making or owning commercial loans or real estate investments, (iii) a trustee in connection with a securitization of the Mezzanine Loan, so long as (A) the operative documents of the related securitization vehicle require that the "controlling class" or "equity interest" in such securitization are owned by an entity that otherwise would be a Qualified Transferee, and (B) the special servicer or manager of such securitization vehicle satisfies the Required Special Servicer Rating, (iv) any other sophisticated lender or entity (including any opportunity funds) engaged in the business of making commercial loans or real estate investments, or (v) an institution substantially similar to any of the foregoing; provided that any entity described in clauses (i), (ii), (iii), (iv) or (v) of this definition, together with its Affiliates, must have total assets, in excess of $600,000,000 and capital/statutory surplus or shareholder's equity of $200,000,000. View More

Qualified Transferee. Qualified Transferee shall mean the following: (i) the Mack Cali Property Trust or an entity wholly owned and controlled by the Mack Cali Property Trust; (ii) an insurance company, bank, savings and loan association, trust company, commercial credit corporation, pension plan, pension fund or pension fund advisory firm, mutual fund or other investment company, governmental entity or plan, "qualified institutional buyer" within the meaning of Rule 144A under the Securities Act... of 1933, as amended (other than a broker/dealer), or an institution substantially similar to any of the foregoing (including a real estate investment trust or real estate opportunity fund), in each case under this clause (ii) having at least $600,000,000 in capital/statutory surplus or shareholder's equity (except as to a pension fund advisory firm or similar fiduciary) and at least $1,000,000,000 in total assets (in name or under management), and being regularly engaged in the business of making, holding and/or servicing commercial real estate loans; (iii) any entity wholly-owned by any one or more institutions meeting the criteria in clause (ii); or (iv) the entities described in (i) through (iii) above shall not be affiliates of the Mortgage Borrower or Mezzanine Borrowers. View More

Qualified Transferee. Means any Person who is (a) an Institutional Investor, (b) Affiliate, subsidiary, partner, member or stockholder of the Institutional Investors or an account managed or advised by the manager or adviser of such Institutional Investor, (c) a member of an Institutional Investor's Immediate Family receiving transferred rights by gift or bequest or through inheritance, (d) a trust for the benefit of any member or members of an Institutional Investor's Immediate Family or (e) a trust in respect of... which an Institutional Investor serves as trustee, provided, however, that the trust instrument governing such trust shall provide that such Institutional Investor, as trustee, shall retain sole and exclusive control over the voting and disposition of such Institutional Investor's Shares until the termination of this Agreement. Notwithstanding the foregoing, "Qualified Transferee" includes only Persons to whom securities of the Company may lawfully be transferred pursuant to exemptions from applicable federal and state securities laws (with the burden of proving availability of such exemptions to be on the Person proposing such transfer of such securities (or of rights to acquire such securities)). View More

Qualified Transferee. Means an "accredited investor" as defined in Rule 501 under the Securities Act.

Qualified Transferee. Means (i) any Affiliate of Platinum, (ii) for purposes of Section 1 and Section 2 only, the Company's 1% stockholder as of the date hereof or (iii) any Person who acquires at least 5% of the Registrable Securities held by Platinum, provided that, a Qualified Transferee shall agree to be bound by and subject to the terms and conditions of this Agreement

Qualified Transferee. Any Person (i) who is an Investor, (ii) who is an Affiliated Party of an Investor, or (iii) who acquires at least 20% of the shares of Preferred Stock (as adjusted for stock splits, stock dividends, reclassifications, recapitalizations or other similar events)