Replacement Manager definition

Replacement Manager means any Person appointed to replace the Manager and to assume the obligations of Manager under the Management Agreement.

Replacement Manager means the State, its Affiliate, a State agency or any replacement provider designated by the State to manage the Lottery.

Replacement Manager means any Person appointed to replace Manager as manager of the Managed Containers pursuant to the provisions of Section 11.2 hereof.

Examples of Replacement Manager in a sentence

• The security interest hereby granted to the Indenture Trustee by the Issuer is subject to the right of any lessee to the quiet enjoyment of any Managed Container under lease to such lessee for so long as such lessee is not in default under the Lease therefor and the Manager under the Management Agreement (including any Replacement Manager) or the Indenture Trustee (as provided in Section 405 hereof) continues to receive all amounts payable under such Lease.

• In the event that the PMA expires, is terminated or revoked, then the Agreement shall terminate immediately unless the State or any Replacement Manager elects to assume the Contract.

• The Contractor shall, upon Camelot’s request, assign the Agreement to the State or the Replacement Manager and shall permit the State, its Affiliates, another designated State of Illinois agency and/or the Replacement Manager to assume prospectively the Agreement or enter into new contracts with the State, its Affiliates, another designated State of Illinois agency and/or the Replacement Manager on substantially the same terms and conditions, including price.

• The Contractor acknowledges that, if reasonably requested by the State as part of the disentanglement of Camelot, it shall at no charge grant the State, its Affiliates, another designated State of Illinois agency and/or the Replacement Manager of the Lottery the use and benefit of the Agreement.

• In addition, the Collateral Manager shall, subject to Section 6, be entitled to reimbursement of out-of-pocket expenses incurred in cooperating with the Replacement Manager, including in connection with the delivery of any documents or property.

More Definitions of Replacement Manager

Replacement Manager. Any Person appointed to replace the then Manager as manager of the Managed Containers, which Person shall be acceptable to the Requisite Global Majority.

Replacement Manager means any company which the Lessor may approve from time to time as the manager of the Ship pursuant to clause 10.11;

Replacement Manager means any other Person appointed by the Owner in accordance with the terms of this Agreement to replace CAI (or Interpool Containers Limited, as Submanager) as manager of the Owner Containers (or Interpool Containers Limited, as Submanager of the Interpool Containers) hereunder upon (a) the resignation of CAI as Manager (pursuant to the provisions of Section 12.2) or (b) the termination of CAI as Manager (pursuant to the provisions of Section 13.4).

Replacement Manager means any other Person appointed by the Owner in accordance with the terms of this Agreement to replace TEML as manager of the Owner Containers hereunder upon (a) the express written resignation of TEML as Manager (pursuant to the provisions of Clause 10.2) or (b) the termination of TEML as Manager (pursuant to and in compliance with the provisions of Clause 11.3).

Replacement Manager means a Person with at least ten (10) years of experience in the development, construction and/or ownership of at least 1,000,000 square feet of residential or hotel condominium projects in Manhattan, subject to Lender's reasonable approval.

Replacement Manager means any of the entities identified on Schedule 1.1(d) or an Affiliate of any of them; provided, however, that any hotel operated by any Replacement Manager must be comparable in quality and reputation to the hotel operated on the Property as of the Effective Date, in Administrative Agent’s reasonable discretion; provided, further, however, that no entity shall become a “Replacement Manager” unless Administrative Agent shall have approved the proposed Management Agreement and such Replacement Manager has delivered a Management Agreement Subordination in form reasonably acceptable to Administrative Agent. Additionally, if the reputation or financial strength of any entity identified on Schedule 1.1(d) should be materially impaired, in Administrative Agent’s reasonable discretion, after the date of this Agreement, such entity shall cease to be an eligible Replacement Manager and Schedule 1.1(d) shall, upon written notice to Borrower by Administrative Agent, be automatically amended to reflect the removal of such entity.

Replacement Manager has the meaning set forth in Section 7.2A.