Approved Institutional Buyer means: (a) a “qualified institutional buyer” as defined in Rule 144A promulgated under the United States Securities Act of 1933, as in effect on the date hereof (the “Securities Act”), or commercial bank having a minimum capital surplus of$5,000,000,000; (b) an institutional “accredited investor” as defined in Sections 501(a)(1) through (3) of Regulation D promulgated under the Securities Act; (c) an entity that is directly or indirectly wholly owned or controlled by the Bank (being a financial institution described in (a) above); (d) an entity all of the investors in which are described in (a), (b) or (c) above; or (e) a custodian or trustee for a party or parties described in (a), (b) or (c) above.
Approved Institutional Buyer means (a) a “qualified institutional buyer” as defined in Rule 144A promulgated under the United Stated Securities Act of 1933, as in effect on the date hereof (the “Securities Act”); (b) an “accredited investor” as defined in Sections 501(a)(1) through (3) of Regulation D promulgated under the Securities Act; (c) an entity that is directly or indirectly wholly owned or controlled by the Bank (being a financial institution described in (a) above); (d) an entity all of the investors in which are described in (a),
Approved Institutional Buyer means (1) a “qualified institutional buyer” as defined in Rule 144A promulgated under the Securities Act of 1933, as in effect on the date hereof (the “Securities Act”); (2) an “accredited investor” as defined in Sections 501(a)(1) through (3) of Regulation D promulgated under the Securities Act; (3) an entity that is directly or indirectly wholly owned or controlled by or under common control with the Bond Purchaser (a “Purchaser Affiliate”); (4) an entity all of the investors in which are described in (1), (2) or (3) above; or (5) a custodian or trustee for a party described in (1), (2) or (3) above.
Examples of Approved Institutional Buyer in a sentence
Any dealer registered pursuant to Section 15 of the Securities Exchange Act of 1934, as amended, acting in a riskless principal transaction on behalf of an Approved Institutional Buyer.
For purposes of this section, “riskless principal transaction” means a transaction in which a dealer buys a security from any person and makes a simultaneous offsetting sale of such security to an Approved Institutional Buyer, including another dealer acting as riskless principal for an Approved Institutional Buyer.
NOTE:A registered dealer may act as agent, on a non-discretionary basis, in a transaction with an Approved Institutional Buyer without itself having to be an Approved Institutional Buyer.
Notwithstanding any other provision hereof, Notes may not be registered in the name of, or transferred to, any person except an Approved Institutional Buyer.
The Bonds may only be held by, or transferred to, an Accredited Investor or an Approved Institutional Buyer executing and delivering an Investor Letter in the form attached as Exhibit B to the Indenture.
More Definitions of Approved Institutional Buyer
Approved Institutional Buyer means any of the following: (i) a Qualified Institutional Buyer or (ii) any other entity approved by the Issuer.
Approved Institutional Buyer means: (a) an affiliate of the Bank; (b) a “qualified institutional buyer” as defined in Rule 144A promulgated under the Securities Act of 1933 as amended (a “QIB”); (c) an “accredited investor” as defined in Sections 501(a)(1), (2), (3) or (7) of Regulation D promulgated under the Securities Act of 1933 as amended (“Accredited Investor”);(d) a trust or other custodial arrangement established by the Bank or one of its Affiliates, the owners of the beneficial interests in which are limited to QIBs or Accredited Investors; (e) a government-sponsored enterprise (Fannie Mae or the Federal Home Loan Mortgage Corporation), or (f) a special purpose entity, a trust or a custodial or similar pooling arrangement from which the Bond or securitized interests therein are not expected to be sold or transferred except to (x) owners or beneficial owners thereof that are Approved Institutional Buyers or (y) in circumstances where secondary market credit enhancement is provided for such securitized interests resulting in a rating thereof of at least “A” or better, provided that in such instance the controlling interest in the residual interest of such trust or pooling arrangement shall be a single QIB.
Approved Institutional Buyer means an institution which meets at least one of the following criteria:
Approved Institutional Buyer means a “qualified institutional buyer” within the meaning of Rule 144A promulgated under the Securities Act of 1933, as amended.
Approved Institutional Buyer means an institution or Person which meets at least one of the following criteria:
Approved Institutional Buyer means (a) an affiliate of Xxxxx Fargo Bank, National Association or CCRC, (b) a trust or custodial arrangement established by Xxxxx Fargo Bank, National Association or one of its affiliates, or CCRC or its affiliates, the owners of the beneficial interests in which are limited to qualified institutional buyers, as defined in Rule 144A promulgated under the Securities Act of 1933, as amended (“QIBs”), (c) to an entity that is a QIB and a commercial bank having capital and surplus of $5,000,000,000, or (d) a limited partnership or limited liability company or other entity in which CCRC (or an affiliate of CCRC) is the sole managing general partner, managing member or manager and in which all other partners or members, as applicable, are banks, insurance companies or other financial institutions (or affiliates thereof) who are QIBs.
Approved Institutional Buyer means (a) a “qualified institutional buyer” (a “QIB”) as defined in the Securities Act that is a financial institution or commercial bank having capital and surplus of $5,000,000,000 or more, (b) an entity that is directly or indirectly wholly owned or controlled by the Funding Lender, or (c) a custodian or trustee for a party described in (a) or (b) above the beneficial interests in which will be owned by QIBs.