Requisite Experience definition
Requisite Experience means experience as a sophisticated investor, including, without limitation, in fixed income investing (directly and/or through investment vehicles) and/or substantial experience and knowledge in and of the commercial real estate loan market and related investment arenas, such that the relevant Advisory Committee member believes that it is capable of determining whether or not to participate in Advisory Committee decisions on the basis of the provisions described herein. Such person need not be a professional loan investor or loan originator.
Requisite Experience means a Person that has, for a period of at least [***] consecutive years within the [***] years immediately prior to the date of determination operated at least (a) [***] megawatts of energy generation facilities (of which at least [***] megawatts are residential or commercial solar distributed generation capacity) or (b) [***] megawatts of total aggregate solar distributed generation capacity (of which at least [***] megawatts are residential or commercial solar distributed generation capacity).
Requisite Experience means a person that has, for a period of at least three (3) consecutive years within the five (5) years immediately prior to the date of determination, operated at least (a) 200 megawatts of energy generation facilities (of which at least 25 megawatts are residential or commercial solar distributed generation capacity) or (b) 50 megawatts of total aggregate solar distributed generation capacity (of which at least 25 megawatts are residential or commercial solar distributed generation capacity).
Examples of Requisite Experience in a sentence
If at any time the Advisory Committee does not have at least one Independent Member or any member does not have Requisite Experience, the Collateral Manager will not be permitted to use the Advisory Committee to approve any Restricted Transaction.
The Collateral Manager and the Issuer will have the right to accept a representation and warranty from a member regarding its Requisite Experience, in the absence of actual knowledge by a responsible officer of the Collateral Manager to the contrary.
Each member of the Advisory Committee must at the time of appointment and at all relevant times thereafter have Requisite Experience.