Purchaser Successor definition

Purchaser Successor means any Person to whom any member of the Purchaser Group transfers (other than pursuant to open market transactions) more than 10% of the outstanding voting securities of the Corporation or any successor of any such Person.
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Purchaser Successor means (i) any Person to whom any member of the Purchaser Group transfers (other than pursuant to open market transactions) more than 10% of the outstanding voting securities of DIRECTV, or (ii) any successor (by merger, consolidation, transfer of assets or otherwise) to any member of the Purchaser Group or any portion of its business and assets, which beneficially owns more than 10% of the outstanding voting securities of DIRECTV.
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Purchaser Successor means only a purchaser from Purchaser who acquires all of the Properties or a Permitted Lender following foreclosure of its mortgage lien (or receipt of a deed in lieu of foreclosure); provided, however, that notwithstanding the foregoing, Purchaser shall have the right to enforce any Inducement and Guaranty Agreement against Seller or any Guarantor on behalf of any purchaser of the Property specified in such Inducement and Guaranty Agreement from the Purchaser (and during the period Purchaser is no longer in title of a particular Property due to Purchaser’s sale or other assignment), in the event that such purchaser does not otherwise satisfy the definition of Purchaser Successor contained in this subsection (a), and (b) Purchaser may only grant a pledge of or security interest in its rights under the Inducement and Guaranty Agreement to the single lender or administrative agent referenced in Section 5.13 of the Inducement and Guaranty Agreement provided that such Person is either (i) a single lender which as extended loans (including refinancing loans) to Purchaser or its Affiliates secured by mortgage liens and security interests on some or all of the Properties, or (ii) a single administrative agent acting for one or more lenders which have extended loans (including refinancing loans) to Purchaser or its Affiliates secured by mortgage liens and security interests on some or all of the Properties (in either case, a “Permitted Lender”).
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Examples of Purchaser Successor in a sentence

  • A Purchaser Successor shall automatically be entitled to benefit from, and fully enforce each and all of the provisions of this Agreement against Seller and each of the KBS Primary Parties on the same basis as Purchaser.

  • The rights of Purchaser hereunder shall be freely transferable and assignable by Purchaser (or its Purchaser Successor) to such party as Purchaser shall select (a “Purchaser Successor”) who shall purchase Purchaser’s fee interest in the Property.

  • Seller shall diligently enforce on a prompt and timely basis, and shall promptly take all action requested in good faith by Purchaser or a Purchaser Successor (defined below) to assist Purchaser or such Purchaser Successor to enforce on a diligent and timely basis, the Section 3.4 Rent Obligation Termination Condition.

  • Seller shall not default in the performance of any of its obligations as the Master Landlord (as that term is defined under the Master Agreement) under the Master Agreement nor suffer or permit any event or occurrence, including, without limitation, the dissolution of Seller, which could or would result in the loss of any of Seller’s rights as the Master Landlord under the Master Agreement or would deprive Purchaser or any Purchaser Successor the benefit of its rights under this Agreement.

  • Each and all of the rights and benefits of Purchaser shall inure to the benefit of each Purchaser Successor.

  • To convert a Delayed Conversion Note, in addition to complying with clauses (i) or (ii) above, the Beneficial Holder of such Note must separately notify the Company of the amount of Delayed Conversion Notes subject to a Delayed Conversion and certify that it is an Initial Purchaser or Initial Purchaser Successor, as applicable.

  • Prior to Effective Date, Purchaser shall designate a successor trustee, which may be Purchaser ("Successor Trustee"), as to any XXX account constituting a Core Deposit.

  • Purchaser, Successor Servicer or Bank Sponsor acquire no right, title or interest in the name of Oportun.


More Definitions of Purchaser Successor

Purchaser Successor shall have meaning set out in Section 17.1.
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Related to Purchaser Successor

  • 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.

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

  • 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.

  • Successor Master Servicer The meaning ascribed to such term pursuant to Section 8.02.

  • 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;

  • Acquirer means a business organization, financial institution, or an agent of a business organization or financial institution that has authority from an organization that operates or licenses a credit card system to authorize merchants to accept, transmit, or process payment by credit card through the credit card system for money, goods or services, or anything else of value.

  • Purchaser Affiliate means any affiliate of the Purchaser, including a transferee who is an affiliate of the Purchaser, and any person who controls the Purchaser or any affiliate of the Purchaser within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act; and

  • Purchaser Designee means each individual then serving on the Board of Directors pursuant to the exercise of the Purchaser’s rights pursuant to Section 4.07(a) and/or Section 4.07(e), together with any designee(s) of the Purchaser who is then standing for election to the Board of Directors pursuant to Sections 4.07(a) and (b) or who is being proposed for election by the Purchaser pursuant to Section 4.07(e).

  • 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.

  • 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.

  • The Purchaser or Corporation means the APMSIDC, the purchasing agency

  • 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.

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

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

  • Successor Holdings has the meaning assigned to such term in Section 6.03(a)(v).

  • Successor Parent with respect to any Person, means any other Person with more than 50% of the total voting power of the Voting Stock which is, at the time the first Person becomes a Subsidiary of such other Person, “beneficially owned” (as defined in Rules 13d-3 and 13d-5 under the Exchange Act) by one or more Persons that “beneficially owned” (as so defined) more than 50% of the total voting power of the Voting Stock of the first Person immediately prior to the first Person becoming a Subsidiary of such other Person.

  • Procuring Entity/Purchaser means a Entity having administrative and financial powers to undertake Procurement of Goods, Works or Services using public funds, as specified in the PCC;

  • Principal Stockholder Transferee means any Person who acquires voting stock of the Corporation from the Principal Stockholder (other than in connection with a public offering) and who is designated in writing by the Principal Stockholder as a “Principal Stockholder Transferee.”

  • Purchaser means the organization purchasing the goods.

  • Pre-Adjustment Successor Rate has the meaning specified in Section 3.03(c).

  • Successor Guarantor shall have the meaning specified in Section 11.02(a).

  • Merger has the meaning set forth in the Recitals.

  • Primary Seller means the Seller whose Bid City selected as the principal supplier of the Goods and/or Services required under this Agreement.

  • Successor Entity means the Person (or, if so elected by the Holder, the Parent Entity) formed by, resulting from or surviving any Fundamental Transaction or the Person (or, if so elected by the Holder, the Parent Entity) with which such Fundamental Transaction shall have been entered into.

  • Subsequent Transferee has the meaning set forth in Section 4.06(b).

  • Surviving Person means, with respect to any Person involved in or that makes any Disposition, the Person formed by or surviving such Disposition or the Person to which such Disposition is made.