Proposed Successor definition

Proposed Successor shall have the meaning set forth in the definition of Appointment Procedures.
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Proposed Successor. As defined in Section 6.04.
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Examples of Proposed Successor in a sentence

  • Among other things, the Prior Notice explained that the resignation of U.S. Bank described therein would become effective upon the appointment of such Proposed Successor.

  • Among other things, the Prior Notice previously distributed by the Resigning Trustee gave notice of the intention of U.S. Bank to resign as Trustee under the Indenture and in each other capacity under the Transaction Documents, and of the proposed appointment by the Issuer of Deutsche Bank Trust Company Americas as Proposed Successor (as defined therein) to replaceU.S. Bank as Trustee under the Indenture and in each other capacity under the Transaction Documents, in each case as described therein.

  • The Proposed Successor Agent shall become the Administrative Agent and Collateral Agent if approved by the Requisite Banks.

  • In addition, please note the resignation of U.S. Bank in the capacities specified herein and the appointment of the Proposed Successor is subject to the satisfaction of certain conditions set forth in the Indenture.

  • If such Proposed Successor Agent is not approved by the Requisite Banks within five Business Days after proposed by such Revolving Banks, then the Requisite Banks shall have the right upon five Business Days’ notice to Xerium, to appoint a successor Administrative Agent and Collateral Agent.

  • Pursuant to Rule 6.2 of the Rules of Practice and Procedure of the California Public Utilities Commission (“Commission”) the Clean Coalition respectfully submits this Proposed Successor to the Current Net Energy Metering (“NEM”) Tariff in response to the Administrative Law Judge’s (“ALJ”) E-mail Ruling Introducing White Paper, Noticing Workshop on White Paper, and Providing Instructions for Successor Proposals, issued at the Commission on January 28, 2021.

  • If Chase Manhattan fails to execute and deliver to the Master Servicer such commitment or deliver such items within such time period, the Master Servicer may appoint the Proposed Successor.

  • Prior to appointing any proposed successor ("Proposed Successor"), the Master Servicer shall provide Chase Manhattan written notice (with a copy to the Trustee) of the proposed resignation and the price to be paid to the Master Servicer by the Proposed Successor for such appointment.

  • However, if the parties involved will not follow this pattern, or if, upon following it reconciliation has not been reached, the pastor and deacons may need to become involved in order to preserve the peace and unity of the church.

  • Reference is further made to that certain Notice of August 8, 2016 Letter from the Issuer Regarding Proposed Successor Collateral Manager dated as of August 9, 2016 whereby the Trustee provided notice that the Issuer notified the Trustee (the “Issuer’s August 8 Notice”) that the Holders of a Majority of the Controlling Class have directed the Issuer to appoint Cairn Capital Management North America, Inc.

Related to Proposed Successor

  • Qualified Successor means a person who is entitled to ownership of an Option upon the death of an Optionee, pursuant to a will or the applicable laws of descent and distribution upon death;

  • Permitted Successor is defined in Section 5.02 of the Sale Agreement.

  • Business Successor means (i) any former Subsidiary of the Company and (ii) any Person that, after the Issue Date, has acquired, merged or consolidated with a Subsidiary of the Company (that results in such Subsidiary ceasing to be a Subsidiary of the Company), or acquired (in one transaction or a series of transactions) all or substantially all of the property and assets or business of a Subsidiary or assets constituting a business unit, line of business or division of a Subsidiary of the Company.

  • Qualified Successor Entity means, with respect to a Business Combination Event, a corporation; provided, however, that a limited liability company, limited partnership or other similar entity will also constitute a Qualified Successor Entity with respect to such Business Combination Event if either (A) such Business Combination Event is an Exempted Fundamental Change; or (B) both of the following conditions are satisfied: (i) either (x) such limited liability company, limited partnership or other similar entity, as applicable, is treated as a corporation or is a direct or indirect, wholly owned subsidiary of, and disregarded as an entity separate from, a corporation, in each case for U.S. federal income tax purposes; or (y) the Company has received an opinion of a nationally recognized tax counsel to the effect that such Business Combination Event will not be treated as an exchange under Section 1001 of the Internal Revenue Code of 1986, as amended, for Holders or beneficial owners of the Notes; and (ii) such Business Combination Event constitutes a Common Stock Change Event whose Reference Property consists solely of any combination of cash in U.S. dollars and shares of common stock or other corporate common equity interests of an entity that is (x) treated as a corporation for U.S. federal income tax purposes; and (y) duly organized and existing under the laws of the United States of America, any State thereof or the District of Columbia.

  • Prospective Transferee means any person to whom a Key Holder proposes to make a Proposed Key Holder Transfer.

  • Approved Transferee means (a) a “qualified institutional buyer” (“QIB”) as defined in Rule 144A promulgated under the Securities Act that is a financial institution or commercial bank having capital and surplus of $5,000,000,000 or more, (b) an affiliate of the Funding Lender, or (c) a trust or custodial arrangement established by the Funding Lender or one of its affiliates the beneficial interests in which will be owned only by QIBs.

  • Selected Bidder or Successful Bidder means the Bidder selected pursuant to this RfS to set up the Project and supply electrical output as per the terms of PPA.

  • Division Successor means any Person that, upon the consummation of a Division of a Dividing Person, holds all or any portion of the assets, liabilities and/or obligations previously held by such Dividing Person immediately prior to the consummation of such Division. A Dividing Person which retains any of its assets, liabilities and/or obligations after a Division shall be deemed a Division Successor upon the occurrence of such Division.

  • Proposed Transferee has the meaning set forth in Section 2.4(a).

  • successor in business means any company which, as a result of any amalgamation, merger or reconstruction: (a) owns beneficially the whole or substantially the whole of the undertaking, property and assets owned by the Issuer immediately prior thereto; and (b) carries on, as successor to the Issuer, the whole or substantially the whole of the business carried on by the Issuer immediately prior thereto.

  • Permitted Transferee Any Transferee of a Residual Certificate other than a Disqualified Organization or Non-United States Person.

  • Proposer means a contractor that submits a response to a request for proposal, request for bid, or request for quotation.

  • Supplier/ Successful or Selected bidder means the person, private or government entity, or a combination of the above, whose Bid to perform the Contract has been accepted by the Purchaser and is named as such in the Agreement, and includes the legal successors or permitted assigns of the successful/ selected bidder.

  • Proposed Sale has the meaning set forth in Section 2.4(a).

  • Proposed Change has the meaning assigned to such term in Section 9.02(c).

  • LIBOR Successor Rate has the meaning specified in Section 3.03(c).

  • Successor personal representative means a personal representative, other than a special administrator, who is appointed to succeed a previously appointed personal representative.

  • Offeror’s Notice means the notice described in Section 11.3.

  • prospective sale means a sale which is intended to be made in the future, upon the occurrence of a stated event, whether or not the occurrence of the event is certain;

  • Proposed Transfer means any proposed assignment, sale, offer to sell, pledge, mortgage, hypothecation, encumbrance, disposition of or any other like transfer or encumbering of any Capital Stock (or any interest therein) proposed by any of the Affected Holders.

  • Successor in Interest means any (i) shareholder of; (ii) trustee, custodian, receiver or other person acting in any Bankruptcy or reorganization proceeding with respect to; (iii) assignee for the benefit of the creditors of; (iv) officer, director or partner of; (v) trustee or receiver, or former officer, director or partner, or other fiduciary acting for or with respect to the dissolution, liquidation or termination of; or (vi) other executor, administrator, committee, legal representative or other successor or assign of, any Partner, whether by operation of law or otherwise.

  • Successor Person has the meaning assigned to such term in Section 6.03(b)(i).

  • Permitted Assign means, for a person that is an employee, executive officer, director or consultant of an issuer or of a related entity of the issuer,

  • Acute pain means the normal, predicted physiological response to a noxious chemical, thermal or mechanical stimulus and typically is associated with invasive procedures, trauma and disease. Generally, acute pain is self-limited, lasting no more than a few weeks following the initial stimulus.

  • Successful Bidder” or “Successful E-Auction Process Participant means, the Qualified Bidder whose bid is approved and who is declared successful by the Liquidator at the end of the determined auction phase.C. INTRODUCTION

  • Proposed decision means the presiding officer’s recommended findings of fact, conclusions of law, decision, and order in a contested case in which the administrator did not preside.