Examples of Designated successor in a sentence
If there is more than one Designated Successor, the Bondholder Representative shall give notice to the Commonwealth and the Paying Agent (if other than the Commonwealth) that the Designated Successors constitute the Bondholder Representative and such Designated Successors shall thereupon constitute the Bondholder Representative and shall succeed to and become vested with all of the rights, powers, privileges and responsibilities of the Bondholder Representative hereunder and under the Related Documents.
Upon delivery of written notice to the Commonwealth and the Paying Agent (if other than the Commonwealth), the Designated Successor shall thereupon constitute the Bondholder Representative and shall succeed to and become vested with all of the rights, powers, privileges and responsibilities of the Bondholder Representative hereunder and under the Related Documents.
Developer shall not assign the obligation to make the Escrow Deposits or to construct the Improvements to a Designated Successor and Assign without the prior written consent of the City, which consent may be withheld in the City’s sole and absolute discretion unless the assignee is a Qualified Assignee (defined herein).
Taking into consideration the above-noted information, including but not limited to, other factors such as whether Designated Successor will cause a decline in Market Share and whether or not Designated Successor represents a competitive brand conflict, MANUFACTURER shall decide in its sole discretion whether to approve or disapprove of the succession or the Succession Plan.
Prior to the withdrawal of all multiple General Partners or the withdrawal of a sole General Partner serving without a Designated Successor General Partner, additional General Partners or Designated Successor General Partners may be appointed by Unanimous ConsentMajority In Interest70 Percent in Interestconsent of all General Partners.