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

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

  • 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.

  • 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.

  • 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.