Prohibited Transferee. The definition of "Prohibited Transferee" is amended such that all institutional investors, and every potential investor identified on the list prepared by Xxxxxxxx Xxxxxxx & Company dated May 3, 1999, as modified from time to time, by the mutual agreement of LCI and the Trust, shall not be Prohibited Transferees.
Prohibited Transferee. Prohibited Transferee" means (a) any owner, operator, or manager of, or Person primarily engaged in the business of owning or operating, a hotel, casino, or an internet gaming site, (b) any "non-profit" or "not-for-profit" corporation, association, trust, fund, foundation or other similar entity organized and operated exclusively for charitable purposes that qualifies as a tax-exempt entity under federal and state tax law or corresponding foreign law, (c) any federal, state, local or foreign governmental agency, instrumentality or similar entity, (d) any Person that has been convicted of a felony, (e) any Person regularly engaged in or affiliated with the production or distribution of alcoholic beverages, or (f) any Unsuitable Person.
Prohibited Transferee. Any Person: (a) with whom City is in litigation at the time a Transfer or Equity Interest Transfer to the Person is proposed, made, to be made by, or affecting Developer, exclusive of defendants in eminent domain litigation commenced by City, where the right of City to take the subject property is not challenged; (b) that City reasonably determines has any connection with any terrorist organization, including, any foreign governmental entity identified as a “State Sponsor of Terrorism” by the United States Department of State or subject to economic or political sanctions by the United States; (c) identified as a specially designated national or blocked person by the United States Department of the Treasury and listed on the Specially Designated Nationals and Blocked Persons List maintained by the Office of Foreign Asset Control, U.S. Department of the Treasury, or otherwise subject to any other prohibition or restriction imposed by law, rule, regulation or executive order, including Executive Order No. 13224, administered by the Office of Foreign Asset Control; (d) that is entitled to claim diplomatic immunity; or (e) that is immune or may elect to be immune from suit under State or Federal law.
