Qualifying Assignee definition

Qualifying Assignee has the meaning set out in clause 4.11

Qualifying Assignee or “assignee” means a person to whom a retail electricity consumer may assign volumetric incentive rate payments under the standard contract. An electric company or its affiliate or any other regulated utility is not a qualifying assignee. Qualifying assignees include, but are not limited to:

Qualifying Assignee means (i) each Noteholder or other Person originally providing credit support to the Lessor pursuant to a Financing Arrangement (together with the Affiliates of such Noteholder or other Person and any collateral trustee or agent for any thereof), or (ii) any transferee of such Noteholder or other Person which, in either case of (i) or (ii), holds at least $25 million aggregate principal amount of indebtedness under such Financing Arrangement.

Qualifying Assignee means an assignee:

Qualifying Assignee means an assignee whose senior unsecured unsubordinated and unguaranteed long term debt is rated (or whose proposed senior unsecured unsubordinated and unguaranteed long term debts is indicatively rated) equal or equivalent to or better than the rating by both of Moody’s and S&P at the time of the proposed assignment applicable to the senior unsecured unsubordinated and unguaranteed long term debt of BT and whose credit rating has not been placed on the credit watch list or has not been accorded a negative or developing outlook or equivalent (other than with a view to a possible up-grade) by either S&P or Moody’s at the date immediately prior to completion of the proposed assignment.

Qualifying Assignee means an entity (i) that has substantial experience in the ownership and development of Class A commercial buildings in the Washington, D.C. metropolitan area or in similar major U.S. metropolitan areas, comparable to the Initial Improvements (or who retains a professional development company with substantial experience in the development of such buildings); (ii) that is not directly or indirectly, and is not an Affiliate of a Person who is directly or indirectly, a Prohibited Person; and (iii) that owns, or whose Affiliates own, at least $1,000,000,000.00 in total assets.

Qualifying Assignee means a Person that provides commercial mortgage warehouse facilities acceptable to Buyer, provided that prior to the occurrence of an Event of Default, none of the following entities shall constitute a "Qualifying Assignee":

Qualifying Assignee means a person to whom Participant may assign Volumetric Incentive Rate payments. Pacific Power or its affiliate or any other regulated utility is not a Qualifying Assignee. Qualifying Assignees include, but are not limited to:

Qualifying Assignee means an assignee: (i) whose financial strength (taking into account any guarantees and other security for the performance by the assignee of the tenant covenants under this Lease (other than any authorised guarantee agreement as described in section 16 of the Landlord and Tenant (Covenants) Act 1995)) is in the reasonable opinion of the Landlord sufficient to enable it to comply with the Tenant’s covenants in the Lease provided that within 14 days of being notified of the Landlord’s decision the Tenant may give written notice to the Landlord requiring the matter to be referred to an independent surveyor: (A) who will act as an expert in accordance with directions he shall make to the parties in writing (B) whose decision will be conclusive (C) who will be appointed by agreement between the parties or in the absence of agreement within 14 days will be nominated by the President of the Royal Institution of Chartered Surveyors on the application of either party (D) whose fees and expenses (including the cost of his appointment) will be borne by the Landlord and the Tenant in such proportions as the surveyor shall direct (ii) the Assignment of the Lease to whom or to which will not in the reasonable opinion of the Landlord detrimentally affect the value of the Landlord’s reversion immediately expectant upon the determination of this Lease provided that within 14 days of being notified of the Landlord’s decision the Tenant may give written notice to the Landlord requiring the matter to be referred to an independent surveyor: (A) who will act as an expert in accordance with directions he shall make to the parties in writing (B) whose decision will be conclusive (C) who will be appointed by agreement between the parties or in the absence of agreement within 14 days will be nominated by the President of the Royal Institution of Chartered Surveyors on the application of either party (D) whose fees and expenses (including the cost of his appointment) will be borne by the Landlord and the Tenant in such proportions as the surveyor shall direct