Substitute Licensee definition

Substitute Licensee means the Lender or any other qualified purchaser of, or successor to, the interests of Lender in a judicial or non-judicial foreclosure sale or otherwise that meets the conditions of assignment set forth in Section 5.6 and shall be substituted for Licensee under this SLA.
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Substitute Licensee means the Lender or any other permitted purchaser of, or successor to, the interests in a judicial or non-judicial foreclosure sale or otherwise that meets the conditions of assignment set forth in Section 12.5 and shall be substituted for the Licensee under this Agreement.
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Substitute Licensee means the Lender, or any other party nominated by Xxxxxx and approved by the Judicial Council in accordance with section 10.4 of the SPPA, which party shall be substituted for the Licensee under the SPPA or any other qualified purchaser of, or successor to, the interests of Lender in a judicial or non-judicial foreclosure sale or otherwise that meets the conditions of assignment set forth in section 5.6 and shall be substituted for Licensee under this SLA.
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Examples of Substitute Licensee in a sentence

  • The Judicial Council shall notify the Lender or Qualified Purchaser, as applicable, and Licensee of the Judicial Council’s determination as to whether the proposed Substitute Licensee satisfies the requirements of this section within thirty (30) calendar days of the Judicial Council’s receipt of all the required supporting documentation.

  • If the Judicial Council determines in its reasonable judgment that those standards are satisfied, the Judicial Council shall approve such proposed Substitute Licensee for the remaining Term and on the same terms and conditions contained in this SLA.

  • If System Lessor desires to step in as the Substitute Licensee and System Lessor notifies Trustees, in accordance with Section 19.9 of the Agreement, that it has elected to be so recognized, then System Lessor shall be recognized as a “Substitute Licensee” if it complies with Section 12.5 of the Agreement.


More Definitions of Substitute Licensee

Substitute Licensee. MEANS THE LENDER OR ANY OTHER QUALIFIED PURCHASER OF, OR SUCCESSOR TO, THE INTERESTS OF LENDER IN A JUDICIAL OR NON-JUDICIAL FORECLOSURE SALE OR OTHERWISE THAT MEETS THE CONDITIONS OF ASSIGNMENT SET FORTH IN SECTION 5.6 AND SHALL BE SUBSTITUTED FOR LICENSEE UNDER THIS SLA. 9
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Related to Substitute Licensee

  • Sublicensee means a third party to whom LICENSEE grants a sublicense of certain rights granted to LICENSEE under this Agreement.

  • Licensee has the meaning set forth in the preamble.

  • Third Party Products means the Third Party Software and Third Party Hardware.

  • Licensor means the copyright owner or entity authorized by the copyright owner that is granting the License.

  • Third Party Originating Carrier means a Telecommunications Carrier that originates Transit Traffic that transits AT&T-TSP’s network and is delivered to CLEC.