Successor Authority definition

Successor Authority means any domestic or foreign successor to FINMA or otherwise that has primary supervisory authority over ZIC and/or the Zurich Insurance Group.
Sample 1Sample 2Sample 3
Successor Authority. ’ means any domestic or foreign successor authority to FOPI or otherwise that has regulatory jurisdiction over the Issuer, the Guarantor and/or the Swiss Life group’s operations.
Sample 1Sample 2Sample 3
Successor Authority means any domestic or foreign successor to FINMA or otherwise that has primary supervisory authority over the Issuer and/or the Zurich Financial Services Group.
Sample 1Sample 2

Examples of Successor Authority in a sentence

  • If the Loan Notes are redeemed in violation of Condition 5, the amounts redeemed must be returned to the Issuer irrespective of any agreement to the contrary, unless the Issuer has been dissolved or such amounts have been replaced by regulatory capital qualifying with the same regulatory (sub-)category or equivalent thereof or if the FOPI (as defined below) or any Successor Authority (as defined below) has given its consent to the redemption.

  • Any redemption payments made on the Guarantee must be returned to the Guarantor irrespective of any agreement to the contrary, unless (x) the Guarantor has been dissolved or (y) such amounts have been replaced by regulatory capital qualifying with the same regulatory (sub-)category or equivalent thereof or (z) if the FOPI or any Successor Authority has given its consent to the payment.

  • The Trustee shall be entitled to rely conclusively upon the written instructions of the Successor Agency directing investments in Permitted Investments as to the fact that each such investment is permitted by the laws of the State and is a Permitted Investment in which the Successor Authority is authorized to invest, and shall not be required to make further investigation with respect thereto.

  • The City’s obligations to the Authority under this indemnity survive any termination of this Agreement or assignment to a Successor Authority (as defined below).

  • A "Regulatory Event" shall occur if the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungs- aufsicht) or any Successor Authority (as defined below) states in writing to the Guarantor that the Bonds (in whole or in part) no longer fulfil the requirements for regulatory capital for group solvency or single solvency purposes of the Guarantor or the solvency pursuant to the regulations for financial conglomerates.

  • For the avoidance of doubt, such Successor Authority may comprise a unitary authority, a town council, a parish council or a combined authority.

  • All of the Exiting Party’s rights, benefits, interest, liabilities and title to and in the Agreement shall vest in the Successor Authority.

  • In the event that the Authority ceases to exist or otherwise does not perform its obligations hereunder, or the City chooses to cause the Authority to assign the PPA to another authority, the City shall have the right to appoint and substitute a successor authority (the “Successor Authority”) to succeed to the rights and assume the obligations of the Authority hereunder, in which event, the City shall cause such Successor Authority to assume all obligations and liabilities of the Authority under the PPA.

  • The City’s right to appoint a Successor Authority shall be a continuing right and shall not be exhausted by the exercise thereof.

  • The City’s foregoing right to appoint a Successor Authority shall be a continuing right and shall not be exhausted by the exercise thereof.


More Definitions of Successor Authority

Successor Authority means an authority specified for the purposes of regulation 6(4) of the Transfer of Property Regulations in an agreement made pursuant to regulation 5(2) of those Regulations; and
Sample 1Sample 2
Successor Authority means any domestic or foreign successor to FINMA or otherwise that has primary supervisory au- thority over Issuer and/or the Guarantor's group.
Sample 1
Successor Authority means an Authority constituted under this Act in the place of an erstwhile department to perform its functions.
Sample 1
Successor Authority means the National Park authority established for that Park under this Order.
Sample 1
Successor Authority means any authority which becomes a successor in capacity of the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungs- aufsicht).The Issuer may redeem the Bonds pursuant to this Condition 4(b)(iii) only in accordance with Condition 4(f).(c) Vorzeitige Rückzahlung nach Wahl der Emittentin (c) Early Redemption at the Option of the Issuer
Sample 1
Successor Authority means the person created by statute or subordinate legislation to assume all (or part of) the TfL Group’s functions
Sample 1

Related to Successor Authority

  • former Authority means the Water Authority of Western Australia under the Water Authority Act 1984 2 before the commencement of Part 2 of the Water Agencies Restructure (Transitional and Consequential Provisions) Act 1995 3;

  • public authority means any authority or body or institution of self- government established or constituted—

  • your authority ("eich awdurdod") means the relevant authority of which you are a member or co-opted member.

  • Appointing authority means the head of an employing unit authorized by ordinance or City Charter to employ others on behalf of the City, or a designated management representative. The term includes and can be used interchangeably with department head, department director, superintendent, and chief.

  • Health Authority means the regional health board designated under the Health Authority Act, RSBC 1996, c.180, or the Provincial Health Services Authority, to which the Participant is designated under Schedule 1 (Return of Service Placement Process) of this Contract, unless designated otherwise by the Province;

  • prescribed authority means the authorities specified in Rule 12 of Plastic Waste Management and Handling Rules, 2016, and Commissioner, Municipal Corporations, Chief Executive Officer/Executive Officer, Urban Local Bodies ;

  • Control authority means the commissioner of the Indiana Department of Environmental Management.

  • Combined Authority means an authority established under section 103(1) of the Local Democracy, Economic Development and Construction Act 2009 or an authority to which a delegation of the Secretary of State’s functions has been made under section 39A of the Greater London Authority Act 1999;

  • Successor Agency means SUDA and any person or corporate and body appointed by the ULB to perform services and carry out works under this Contract.

  • Water Authority means the body corporate known as the Water Authority of Western Australia established by the Water Authority Xxx 0000;

  • Local Mental Health Authority means a county legislative body.

  • authorized authority means, in relation to any Person, transaction or event, any (a) federal, provincial, municipal or local governmental body (whether administrative, legislative, executive or otherwise), both domestic and foreign, (b) agency, authority, commission, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government, (c) court, arbitrator, commission or body exercising judicial, quasi-judicial, administrative or similar functions, and (d) other body or entity created under the authority of or otherwise subject to the jurisdiction of any of the foregoing, including any stock or other securities exchange, in each case having jurisdiction over such Person, transaction or event.

  • Approval Authority means the authority of a Member State with competence for all aspects of the approval of a type of vehicle, system, component or separate technical unit or of the individual approval of a vehicle; for the authorisation process, for issuing and, if appropriate, withdrawing approval certificates; for acting as the contact point for the approval authorities of other Member States; for designating the technical services and for ensuring that the manufacturer meets his obligations regarding the conformity of production;

  • designated authority means any of the following;

  • Public health authority means an agency or authority of the United States, a state, a territory, a political subdivision of a state or territory, an Indian tribe, or a foreign government, or a person or entity acting under a grant of authority from or contract with such public agency, including the employees or agents of such public agency or its contractors or persons or entities to whom it has granted authority, that is responsible for public health matters as part of its official mandate.

  • Governmental Antitrust Authority has the meaning set forth in Section 5.11(b).

  • Governing authority means the local legislative authority

  • Contracting Authority means any contracting authority as defined in Regulation 3 of the Public Contracts Regulations 2006.

  • Delegated Authority means any person or committee delegated with authority by the Municipality in terms of the provisions of the Municipal Finance Management Act.

  • Contract Authority means the Board of Supervisors or the head of the department or agency presenting the proposed contract to the Board of Supervisors.

  • Authority or Housing Authority (HA) means the Housing Authority.

  • 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.

  • Successor Manager Any Independent Contractor as selected or retained by the Special Servicer, on behalf of the Trustee for the benefit of the Trust and the Companion Loan Holders, to serve as manager of a Foreclosed Property, which designation, as evidenced by written confirmation from each Rating Agency, shall not result in the downgrade, withdrawal or qualification of the ratings assigned to the Certificates by such Rating Agency.

  • Lead Authority means the local authority appointed by the Parties under this agreement to lead on a particular function in accordance with Clause 12.

  • Housing authority means a housing authority created or

  • requested authority means a competent administrative authority which has been appointed by a Party for this purpose and which receives a request for assistance in customs matters;