Qualified Broker means a licensed commercial real estate broker possessing at least ten (10) years of experience ending on the date of appointment advising on the sale of urban hospitality properties substantially similar in size, operating standard, and STR segment and market area to the Hotel, and who is unaffiliated with the Members or their respective Affiliates.
Qualified Broker means a real estate broker who (i) is licensed in the State of Texas, (ii) has been actively and continuously engaged in leasing space in other comparable buildings in Southeast Texas for not less than the previous ten (10) year period, (iii) during the preceding three (3) year period has individually represented a party to a comparable space lease of at least 50,000 square feet; and (iv) has not represented Landlord or Tenant during the preceding five (5) year period.
Qualified Broker means a reputable, independent national brokerage company that has a presence in the area in which the relevant Property is located and has at least ten (10) years’ experience in valuing and selling multi-family properties in the area of such Property.
Examples of Qualified Broker in a sentence
Within ten (10) business days after the third Qualified Broker has been selected, all of the Qualified Brokers shall meet to attempt to agree upon the Fair Market Rental Value for the Premises.
If a party fails to timely select a Qualified Broker, the determination of the Fair Market Rental Value for the Premises shall be made by the Qualified Broker selected by the other party.
Landlord shall be responsible for any and all costs associated with the retention of the Qualified Broker selected by Landlord, Tenant shall be responsible for any and all costs associated with the retention of the Qualified Broker selected by Tenant and Landlord and Tenant shall each be responsible for one half (1/2) of any and all costs associated with the retention of the third Qualified Broker.
If each party selects a Qualified Broker, the two (2) Qualified Brokers selected by Landlord and Tenant shall select a third Qualified Broker by mutual agreement reached within five (5) business days after selection of the first two (2) Qualified Brokers by Landlord and Tenant.
Effective May 1, 2015 SCHEDULE 1 Qualified Broker Dealer List as of May 1, 2015 Bank of America Barclays Capital Citigroup Global Markets, Inc.
More Definitions of Qualified Broker
Qualified Broker means a commercial real estate broker associated with a major commercial real estate brokerage firm with at least ten (10) years full-time commercial real estate brokerage experience in the Xxxxx 000 Xxxxx xxxxxx xxxx (the “Market Area”).
Qualified Broker as defined in Section 12.03.
Qualified Broker means any independent unaffiliated commercial real estate broker (a) who is employed by a brokerage firm of recognized competence in the greater Boston area and (b) who has not less than ten (10) years’ experience in brokering premises for leases of the general location, type and character as the Premises. If either Landlord or Tenant fails to appoint a qualified broker by the Cut-Off Date, then the other party shall have the power to appoint the qualified broker for the defaulting party. If the qualified brokers are unable to agree on the Fair Market Rent by the expiration of the Two-Broker Period, then the two qualified brokers jointly shall appoint a third qualified broker within ten (10) days of the expiration of the Two-Broker Period, and within fifteen (15) days of such appointment all three qualified brokers shall meet and determine the Fair Market Rent. If all three qualified brokers are unable to agree upon the Fair Market Rent within such 15-day period, then the first two qualified brokers simultaneously shall deliver their final Fair Market Rent numbers to the third qualified broker on the third (3rd) Business Day after the expiration of such 15-day period, and the third qualified broker shall select one or the other number as the Fair Market Rent within two (2) Business Days after receipt of such submissions from the first two qualified brokers, and the Fair Market Rent so determined shall be conclusive and binding upon Landlord and Tenant. Each party shall bear the cost of its qualified broker, and the cost of the third qualified broker shall be borne equally between the parties. If the Fair Market Rent is not so determined prior to the commencement of the second Extension Term, then, from and after the commencement date of the second Extension Term, Tenant shall continue to pay as Base Rent for the applicable Extended Term an amount equal to the Base Rent payable with respect to the Premises on the last day of the first Extension Term. If, based upon the final determination hereunder, the payments made by Tenant on account of the Base Rent for such portion of the Extension Term were (i) less than the Base Rent for such Extension Term as finally determined in accordance with the provisions herein, Tenant shall pay to Landlord the amount of such deficiency in its entirety within thirty (30) days after demand therefor, or (ii) greater than the Base Rent for such Extension Term as finally determined in accordance with the provisions hereof, Landl...
Qualified Broker means an individual real estate broker who (i) is licensed in the State of Texas by the Texas Real Estate commission (or its successor organization) as a real estate broker, (ii) has been actively and continuously engaged in leasing industrial space in Dallas County, Texas for not less than the previous ten (10) year period, (iii) during the preceding three (3) year period has individually represented a party to an industrial space lease of at least 50,000 square feet; and (iv) has not acted as a broker on behalf of Landlord or Tenant during the preceding five (5) year period. The provisions of this Section 8 shall replace and supersede any renewal options granted in the Lease, specifically Exhibit B, Paragraph 3 1.
Qualified Broker means a real estate broker who (a) is licensed in the State of Texas, (b) is a member of the Houston Office Leasing Brokers Association, (c) has been actively and continuously involved in leasing office space in multi-story office buildings in the Houston Central Business District for not less than the previous ten (10) year period, (d) during the preceding three (3) year period has individually represented a party to an office space lease in the Houston Central Business District of at least 75,000 square feet; and (3) has not represented Landlord or Tenant during the preceding five (5) year period. Failure by Tenant to withdraw its exercise of the Renewal Option within such ten (10) day period shall be deemed acceptance by Tenant of Landlord's determination of the Prevailing Market Rate for the Renewal Term.
Qualified Broker means a real estate broker who (i) is licensed in the State of California, (ii) has been actively and continuously engaged in the leasing of industrial/commercial space in the Rancho Xxxxxxx area as his/her primary occupation during the preceding 5-year period. The term “Qualified Appraiser” shall mean a member of the Appraisal Institute or any successor thereto who holds the designation “MAI” (or its then equivalent) and has not less than 10 years full-time appraisal experience in the Rancho Cordova, California area. Each party shall be responsible for the compensation, if any, of the Qualified Broker appointed by it and for one-half of the compensation, if any, of the Qualified Appraiser appointed by it.
Qualified Broker means a commercial real estate broker with no less than ten (10) years experience valuing and leasing Class “A” commercial office real estate, with no less than the last six (6) years of which being conducted in the Atlanta, Georgia area.