Examples of Successor term in a sentence
Upon the expiration of the Initial Term or applicable Successor term hereof, Town agrees to pay CPI any balance owed CPI provided for in Exhibit B.
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For more information visit our privacy policy.Upon the expiration of the Initial Term or applicable Successor term hereof, Town agrees to pay CPI any balance owed CPI provided for in Exhibit B.
Successor Rate means a successor to or replacement of the Original Reference Rate which is formally recommended by any Relevant Nominating Body.
Successor Rate Conforming Changes means with respect to any proposed Successor Rate, any spread adjustments or other conforming changes to the timing and frequency of determining rates and making payments of interest and other administrative matters as may be appropriate, in the discretion of Administrative Agent, to reflect the adoption of such Successor Rate and to permit the administration thereof by Administrative Agent in a manner substantially consistent with market practice.
Renewal Period the period described in clause 13.1.
LIBOR Successor Rate Conforming Changes means, with respect to any proposed LIBOR Successor Rate, any conforming changes to the definition of Base Rate, Interest Period, timing and frequency of determining rates and making payments of interest and other technical, administrative or operational matters as may be appropriate, in the discretion of the Administrative Agent, to reflect the adoption and implementation of such LIBOR Successor Rate and to permit the administration thereof by the Administrative Agent in a manner substantially consistent with market practice (or, if the Administrative Agent determines that adoption of any portion of such market practice is not administratively feasible or that no market practice for the administration of such LIBOR Successor Rate exists, in such other manner of administration as the Administrative Agent determines is reasonably necessary in connection with the administration of this Agreement).
Initial Term has the meaning set forth in Section 7.1.
Additional Termination Event has the meaning specified in Section 5(b).
Renewal Term has the meaning set forth in Section 2.
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.
Additional Term means that term commencing on the last day of the Basic Term and terminating one (1) year thereafter.
Successor Reference Rate means the rate that the relevant Independent Adviser determines is a successor to or replacement of the Reference Rate which is formally recommended by any Relevant Nominating Body.
Initial Termination Date shall have the meaning set forth in Section 7.1(b).
LIBOR Successor Rate has the meaning specified in Section 3.03(c).
Fixed Term shall have the meaning given such term in Section 2.3.
Resolution Extension Period As defined in Section 2.03(b).
Extended Term shall have the meaning given such term in Section 2.4.
Automatic Renewal Term has the meaning set forth in Section 10(a) hereof.
Lease Termination Date means the last day of the Lease Term.
Initial appointment means appointment made otherwise than by promotion or transfer;
Substitution Event means, in respect of a Share, any Nationalization, Insolvency or Delisting in respect of such Share, or any Merger Event or Tender Offer in respect of such Share that is deemed by the Calculation Agent to be a Substitution Event, or an occurrence and continuation for at least eight consecutive applicable Exchange Business Days of a Market Disruption Event in respect of such Share.
Extended Termination Date has the meaning specified in Section 2.16(c).
Successor Benchmark Rate means a successor to or replacement of the Original Benchmark Rate which is formally recommended by any Relevant Nominating Body.
Original Term means the period from the Commencement Date until the end of the fiscal year of Lessee in effect at such Commencement Date.
Pre-Adjustment Successor Rate has the meaning specified in Section 3.03(c).
Succession Date means the legally effective date of an event in which one or more entities succeed to some or all of the Relevant Obligations of the Reference Entity; provided that if at such time, there is a Steps Plan, the Succession Date will be the legally effective date of the final succession in respect of such Steps Plan, or if earlier (i) the date on which a determination pursuant to Section 2.2(a) would not be affected by any further related successions in respect of such Steps Plan, or (ii) the occurrence of an Event Determination Date in respect of the Reference Entity or any entity which would constitute a Successor.
Renewal Date means the effective date of Renewal. The first Renewal Date shall be the date as specified in the Policy Schedule (which shall not be later than the first anniversary of the Policy Effective Date) and the subsequent Renewal Date(s) shall be the anniversary(ies) of the first Renewal Date. The relevant Renewal Date shall be specified in the notification of Renewal in accordance with Section 3 of Part 4.
Successor manufacturer means a manufacturer that acquires, succeeds to, or assumes any part of the business of another manufacturer as the result of any of the following: