Universal Successor definition

Universal Successor means, with respect to a Reference Entity which is not a sovereign, the single entity which assumes all of the obligations (including at least one relevant bond or loan) of the Reference Entity and at the time of the determination either (i) the Reference Entity has ceased to exist, or (ii) the Reference Entity is in the process of being dissolved (however described) and the Reference Entity has not issued or incurred any borrowed money obligation at any time since the legally effective date of the assumption.
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Universal Successor means, with respect to the Reference Entity, the single entity which assumes all of the obligations (including at least one relevant bond or loan) of the Reference Entity and at the time of determination, either (A) the Reference Entity has ceased to exist, or
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Universal Successor means, with respect to a Reference Entity which is not a sovereign, the single entity which assumes all of the obligations (including at least one obligation that qualifies as a Relevant Obligation under the 2014 Definitions) of the Reference Entity and at the time of the determination either
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Examples of Universal Successor in a sentence

  • Under the ISDA Credit Derivatives Definitions, the look-back period of 90 calendar days will not apply in relation to a Universal Successor.

  • Universal Successor Features Approximators [Borsa et al., 2019] and Universal Successor Representations [Ma et al., 2018] combine the benefits of SF and UVFA to further generalise across goals.

  • The events which may lead to the determination or announcement of a Successor may occur at any time from and including the "Successor Backstop Date" (or, in the case of a "Universal Successor" on or after 1 January 2014).

  • Accordingly, there would only be a Successor to the Reference Entity if Ziggo Bond Company B.V., the entity that assumed the Senior Notes in March 2018, constituted a Universal Successor.

  • The DC noted that this interpretation was probably different to the English legal meaning of universal succession9 but, as stated above, the DC determined that Universal Successor should be interpreted in accordance with the drafting of the 2014 Definitions.

  • However, while this concept was the genesis of the provision included in the 2014 Definitions, the concept was not simply imported, and the DC was of the view that Universal Successor should be interpreted in accordance with the wording of the 2014 Definitions.

  • These viruses are referred as«oncolytic wild viruses» and are under intense research for virotherapy, but their oncolytic efficacy has been limited in some preclinical and clinical assays and trials.2 A growing list of oncolytic wild viruses is briefly de- scribed in the table I.

  • For succession, the look-back period is 90 calendar days and functions similarly, except in the case of a "Universal Successor" of a non-Sovereign Reference Entity which has ceased to exist, for which there is a single, fixed back-stop date of 1 January 2014.

  • Universal Successor: represents the deceased and succeeds to all of his rights and charges.

  • This limitation was relaxed by combining the concept of Universal Value Functions (UVFAs) [30] with the SR in the Universal Successor Repre- sentation (USR) [18].


More Definitions of Universal Successor

Universal Successor means, with respect to a Reference Entity which is not a
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Related to Universal Successor

  • Business Successor means (i) any former Subsidiary of the Company and (ii) any Person that, after the Issue Date, has acquired, merged or consolidated with a Subsidiary of the Company (that results in such Subsidiary ceasing to be a Subsidiary of the Company), or acquired (in one transaction or a series of transactions) all or substantially all of the property and assets or business of a Subsidiary or assets constituting a business unit, line of business or division of a Subsidiary of the Company.

  • Division Successor means any Person that, upon the consummation of a Division of a Dividing Person, holds all or any portion of the assets, liabilities and/or obligations previously held by such Dividing Person immediately prior to the consummation of such Division. A Dividing Person which retains any of its assets, liabilities and/or obligations after a Division shall be deemed a Division Successor upon the occurrence of such Division.

  • Permitted Successor is defined in Section 5.02 of the Sale Agreement.

  • Qualified Successor means a person who is entitled to ownership of an Option upon the death of an Optionee, pursuant to a will or the applicable laws of descent and distribution upon death;

  • Successor Corporation means a corporation, or a parent or subsidiary thereof within the meaning of Section 424(a) of the Code, which issues or assumes a stock option in a transaction to which Section 424(a) of the Code applies.

  • LIBOR Successor Rate has the meaning specified in Section 3.03(c).

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

  • Successor personal representative means a personal representative, other than a special administrator, who is appointed to succeed a previously appointed personal representative.

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

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

  • 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 means an entity that has replaced a predecessor by acquiring the assets and carrying out the affairs of the predecessor under a new name (often through acquisition or merger). The term "successor" does not include new offices/divisions of the same company or a company that only changes its name. The extent of the responsibility of the successor for the liabilities of the predecessor may vary, depending on State law and specific circumstances.

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

  • Predecessor Company means Crown Castle International Corp., a Delaware corporation, prior to the merger with Crown Castle REIT Inc., resulting in the Company.

  • LLC Division means the statutory division of any limited liability company into two or more limited liability companies pursuant to Section 18.217 of the Delaware Limited Liability Company Act or a comparable provision of a different jurisdiction’s laws, as applicable.

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

  • Delaware LLC Division means the statutory division of any Delaware LLC into two or more Delaware LLCs pursuant to Section 18-217 of the Delaware Limited Liability Company Act.

  • Successor in Interest means any (i) shareholder of; (ii) trustee, custodian, receiver or other person acting in any Bankruptcy or reorganization proceeding with respect to; (iii) assignee for the benefit of the creditors of; (iv) officer, director or partner of; (v) trustee or receiver, or former officer, director or partner, or other fiduciary acting for or with respect to the dissolution, liquidation or termination of; or (vi) other executor, administrator, committee, legal representative or other successor or assign of, any Partner, whether by operation of law or otherwise.

  • Inverted domestic corporation means a foreign incorporated entity that meets the definition of an inverted domestic corporation under 6 U.S.C. 395(b), applied in accordance with the rules and definitions of 6 U.S.C. 395(c).

  • Successor Operator means a Train Operator succeeding or intended by the Secretary of State to succeed (and whose identity is notified to the Franchisee by the Secretary of State) the Franchisee in the provision or operation of all or any of the Franchise Services including, where the context so admits, the Franchisee where it is to continue to provide or operate the Franchise Services following termination of the Franchise Agreement;

  • 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.

  • Permitted Assign means, for a person that is an employee, executive officer, director or consultant of an issuer or of a related entity of the issuer,

  • 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.

  • Registered domestic partner means an individual joined in a domestic partnership that is registered by a county clerk in accordance with ORS 106.300 to 106.340.

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