Successor Purchaser definition

Successor Purchaser means any Person designated as the Successor Servicer pursuant to this Agreement and any and all Persons who previously were Successor Servicers pursuant to this Agreement. The Seller immediately shall notify the Purchaser if a claim is made by a third party with respect to this Agreement or any Reconstitution Agreement or the Mortgage Loans, assume (with the prior written consent of the Purchaser, which consent shall not be unreasonably withheld) the defense of any such claim and pay all expenses in connection therewith, including counsel fees, and promptly pay, discharge and satisfy any judgment or decree which may be entered against it or the Purchaser in respect of such claim. The Purchaser promptly shall reimburse the Seller for all amounts advanced by it pursuant to the preceding sentence, except when the claim is in any way related to the Seller's indemnification pursuant to Section 9, or is in any way related to the failure of the Seller to service and administer the Mortgage Loans in strict compliance with the terms of this Agreement or any Reconstitution Agreement.
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Successor Purchaser shall have the meaning given to such term in Section 4.3(a)(iv).
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Successor Purchaser shall have the meaning given to such term in SECTION 4.3(a)(iv).
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Examples of Successor Purchaser in a sentence

  • If the first named Successor Purchaser(s) predeceases the Purchaser and there are no additional Successor Purchasers designated, the Purchaser shall designate one or more Successor Purchaser(s) in accordance with the provisions of this paragraph 2 or, if the Purchaser does not take such action, the Purchaser hereby authorizes the legal representative of the Purchaser’s estate to designate a Successor Purchaser or to terminate the Contract and receive a refund pursuant to Article VII.

  • If more than one Successor Purchaser is designated, Successor Purchasers shall succeed to the role of Successor Purchaser in the order named by the Purchaser.

  • A Purchaser may modify or terminate a Contract or request a refund without the consent or authorization of the Successor Purchaser or the Beneficiary.

  • The first named Successor Purchaser shall be authorized to receive Contract information upon request, but will not be allowed to make changes to the Contract prior to succeeding to the ownership of the Contract upon the death of the Purchaser.

  • Upon the recordation of such assignment in the Registry, the Developer shall be released from the obligations assigned by Developer to such Successor Purchaser or Association.

  • Upon acceptance by the Commission of a Change of Purchaser Due to Death form, the Successor Purchaser shall have all the rights and obligations of the original Purchaser.

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  • Successor Purchaser hereby accepts the foregoing assignment and hereby assumes and agrees to perform all of the obligations of the Purchaser under the Transfer Agreement.

  • Successor Purchaser further agrees to indemnify, defend and hold harmless Purchaser against and from any loss, liability or expense arising from Successor Purchaser's failure to perform such obligations on and after the date hereof.

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More Definitions of Successor Purchaser

Successor Purchaser means any person who purchases the Property or any portion thereof from the PURCHASER.
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Related to Successor Purchaser

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

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

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

  • Successor Company shall have the meaning specified in Section 11.01(a).

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

  • Qualified Purchaser has the meaning assigned to such term in Section 12.06(e).

  • Successor Issuer has the meaning assigned to it in Section 4.1(a).

  • Substitute Purchaser is defined in Section 21.

  • Original Purchaser means the original purchaser of the Bonds designated by the Fiscal Officer in the Certificate of Award.

  • Purchaser means the organization purchasing the goods.

  • Additional Purchased Securities Securities provided by Seller to Buyer pursuant to Paragraph 4(a) hereof;

  • Successor Rate means a successor to or replacement of the Original Reference Rate which is formally recommended by any Relevant Nominating Body.

  • 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.

  • Successor Preferred Guarantee Trustee means a successor Preferred Guarantee Trustee possessing the qualifications to act as Preferred Guarantee Trustee under Section 4.1.

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

  • Successor Property Trustee has the meaning specified in Section 6.6(b).

  • Public Sale means any sale pursuant to a registered public offering under the Securities Act or any sale to the public pursuant to Rule 144 promulgated under the Securities Act effected through a broker, dealer or market maker.

  • 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.”

  • Prospective Purchaser has the meaning set forth in Section 2.3(b)(i) hereof.

  • 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.

  • Transferred Guarantor shall have the meaning assigned to such term in Section 7.09.

  • Designated Purchaser has the meaning set forth in Section 7.11(b).

  • 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.

  • 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

  • Eligible Purchaser means an Eligible Dealer or a corporation, partnership or other entity which we have reasonable grounds to believe and do believe can make representations with respect to itself to substantially the same effect as the representations set forth herein; "Eligible Dealer" means any corporation or other entity having as a principal business acting as a broker or dealer in securities.