Successor Manager definition

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.

Successor Manager means any successor to the Manager selected by the Control Party (at the direction of the Controlling Class Representative) upon the resignation or removal of the Manager pursuant to the terms of the Management Agreement.

Successor Manager means an individual named or designated by agreement between a brewer and wholesaler who succeeds to the role of manager who will be principally responsible for the daily management of the wholesaler.

Examples of Successor Manager in a sentence

• All services relating to Disentanglement and Continuity of Services, including all reasonable training for personnel of the Back-Up Manager (including in its capacity as Interim Successor Manager, as applicable), the Successor Manager or the Successor Manager’s designated alternate service provider in the performance of the Services, will be deemed a part of the Services to be performed by the Manager.

• From and after such effectiveness, the Successor Manager shall be, to the extent of the assignment, the “Manager” hereunder.

• Notwithstanding anything to the contrary contained herein or in any other Transaction Document, in no event shall the Trustee (A) be obligated to become (or be deemed to be) the Manager or Successor Manager or (B) have any obligation or responsibility to perform any of the duties or obligations of the Manager or Successor Manager.

• The Manager will cooperate fully with the Control Party, Back-Up Manager, Successor Manager and Interim Successor Manager, as the case may be, and otherwise promptly take all actions reasonably required to assist in effecting a complete Disentanglement while providing Continuity of Services and, in connection therewith, will promptly follow any directions that may be provided by the Back-Up Manager and the Control Party.

• No such resignation shall become effective until a Successor Manager (other than Back-Up Manager) shall have been appointed by the Control Party (acting at the direction of the Controlling Class representative) and shall have assumed the responsibilities and obligations of the Manager in accordance with Section 6.1(a).

More Definitions of Successor Manager

Successor Manager shall have the meaning set forth in the Management Agreement.

Successor Manager has the meaning assigned in Section 14(b).

Successor Manager means a successor Manager appointed pursuant to the Management Agreement.

Successor Manager has the meaning assigned thereto in Section 8.4 of the Management Agreement.

Successor Manager has the meaning given in Section 7.5.

Successor Manager means an individual named or designated by agreement between a xxxxxx and wholesaler who succeeds to the role of manager who will be principally responsible for the daily management of the wholesaler.

Successor Manager. As defined in Section 3.19(b) below.