Successor term definition

Successor term means a term that the United States bureau of labor statistics uses in place of another term in revisions to the CPI.
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Successor term. – means the First Successor Term (as defined in Section 3.1 below), the Second Successor Term (as defined in Section 3.1 below) or both the First Successor Term and the Second Successor Term collectively.
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Successor term means any consecutive two-year period commencing after the expiration of the Initial Term as set forth in Section 3(b).
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Examples of Successor term in a sentence

  • Real-time conditions create a dynamic environment and this Plan must accommodate these changing circumstances.


More Definitions of Successor term

Successor term means the First Successor Term or Second Successor Term, as the context requires.
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Successor term means additional 10 consecutive year periods each following the Initial Term, or such other period set out in the agreement then in effect between TAB and You.
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Successor term means a period of 5 years.
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Related to Successor term

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

  • 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 Rate Conforming Changes means, with respect to any proposed Successor Rate for an Applicable Currency, 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 (including, for the avoidance of doubt, the definition of Business Day, timing of borrowing requests or prepayment, conversion or continuation notices and length of lookback periods) as may be appropriate, in the discretion of the Administrative Agent, to reflect the adoption and implementation of such Successor Rate and to permit the administration thereof by the Administrative Agent in a manner substantially consistent with market practice for such Applicable Currency (or, if the Administrative Agent determines that adoption of any portion of such market practice for such Applicable Currency is not administratively feasible or that no market practice for the administration of such Successor Rate for such Applicable Currency exists, in such other manner of administration as the Administrative Agent determines is reasonably necessary in connection with the administration of this Agreement and any other Loan Document).

  • Renewal Period “Buyer” and “Default” have the same meanings respectively as they have in the Water Agreement.

  • 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 administrative matters as may be appropriate, in the discretion of the Administrative Agent, to reflect the adoption 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 in consultation with the Borrower).

  • 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 shall have the meaning set forth in Section 8.2.

  • 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 has the meaning set forth in Section 8.2(a).

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

  • Senior Termination Date For each Senior Certificate Group, the Distribution Date on which the aggregate Class Certificate Balance of the related Classes of Senior Certificates has been reduced to zero.

  • 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.

  • 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.