Manager Replacement Event definition

Manager Replacement Event has the meaning set forth in Section 7.1.21(b).
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Manager Replacement Event means, as applicable:
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Manager Replacement Event. The meaning specified in the Portfolio Management Agreement.
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Examples of Manager Replacement Event in a sentence

  • So long as any Equipment Notes remain outstanding, if a Manager Replacement Event has occurred and is continuing, the Pass Through Trustee shall have the right, but not the obligation, to require the Lessee to replace the Manager as provided in this Section 6.12 but only if the Other Pass Through Trustee, simultaneously therewith exercises its right under Section 6.12 of the respective Other Participation Agreements.

  • Subject to certain conditions, the Designated Successor Manager will replace Carlson Capital as the Collateral Manager if a Manager Replacement Event occurs or if Carlson Capital is otherwise removed or resigns as Collateral Manager.

  • Upon the occurrence of a Manager Replacement Event pursuant to clause (ii) of the definition thereof, a cure of such Manager Replacement Event may be effected within a period of 30 calendar days from the date of occurrence of such Manager Replacement Event by effecting an issuance of additional Subordinated Notes in accordance with the Indenture.

  • Replacement of Investment Manager After Manager Replacement Event If a Manager Replacement Event occurs, the Security Trustee will use its commercially reasonable efforts to appoint a Substitute Investment Manager in place of the Investment Manager effective as of the Investment Management Transition Date.

  • Once these conditions, processes, procedures and/or documents have been finalized (collectively, and as may be amended from time to time on mutual agreement, the “Transitional Arrangements”), then they shall be taken into consideration whenever a subsequent Manager Replacement Event shall occur.

  • The second sentence of this Section 11.1 shall not apply where the University is the Manager pursuant to a Manager Replacement Event, in which case the Students’ Union shall be responsible for the provision of Caretaking Services to the Conference and Events Loading Dock at its sole expense.

  • If a Manager Replacement Event occurs after the Back-Up Manager Termination Date, there will be no Back-Up Manager.

  • If a Manager Replacement Event occurs and a Substitute Investment Manager has not been appointed in accordance with the Investment Management Agreement within 90 days, the Enforcement Date will occur (if it has not already occurred) and the Security Trustee will deliver an Enforcement Notice in accordance with the Security Agreement, the Senior Notes will be accelerated, and the Collateral will be subject to liquidation.

  • In that case, the Investment Manager will perform the duties described for the Back-Up Manager plus the duties of the Administrator that had been assumed by the Investment Manager from the date of the Manager Replacement Event until a Substitute Investment Manager is appointed or the Collateral is liquidated if none is appointed, in addition to the limited duties the Investment Manager has after a Manager Replacement Event occurs.


More Definitions of Manager Replacement Event

Manager Replacement Event. So long as a JMP Manager is the Manager, (i) a Key Persons Event has occurred and a subsequent Key Persons Cure has not occurred within the Initial Cure Period, (ii) the Required Overcollateralization Ratio with respect to the Class C Notes is not in compliance and has not been cured as provided in Section 12(d), (iii) if the Class A Notes are outstanding, the Class A Notes are rated "A-" or lower by S&P or the Class A Notes are rated "A3" or lower by Moody's (provided that such Manager Replacement Event will not be deemed cured if such Class A Notes are subsequently upgraded with respect to the ratings set forth in this clause (iii)), (iv) the Manager is removed for Cause pursuant to clauses (i) through (vi) of Section 12(c), or (v) the Manager resigns or terminates its obligations under this Agreement.
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Related to Manager Replacement Event

  • Servicer Replacement Event means any one or more of the following that shall have occurred and be continuing:

  • Replacement Event shall have the meaning specified in Section 11.16.

  • Load Management Event means a) a single temporally contiguous dispatch of Demand Resources in a Compliance Aggregation Area during an Operating Day, or b) multiple dispatches of Demand Resources in a Compliance Aggregation Area during an Operating Day that are temporally contiguous.

  • Payment Event means any of the following:

  • Reinvestment Event any Asset Sale or Recovery Event in respect of which the Borrower has delivered a Reinvestment Notice.

  • Relevant Event means any Termination Event, Mandatory Prepayment Event or Further Novation Event, or any event which only with the passage of time, the giving of any notice or the fulfilment of any other condition (or a combination thereof) would constitute a Termination Event, Mandatory Prepayment Event or Further Novation Event;

  • Significant Event means any Amortization Event or Event of Default.

  • Disruption Event means either or both of:

  • FX Disruption Event ' means the occurrence of any event on any day or any number of consecutive days as determined by the Calculation Agent in its sole and reasonable discretion that affects the Issuer’s currency hedging (if any) with respect to the Products.

  • 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.

  • Repayment Event means any event or condition which gives the holder of any note, debenture or other evidence of indebtedness (or any person acting on such holder’s behalf) the right to require the repurchase, redemption or repayment of all or a portion of such indebtedness by the Company or any of its subsidiaries.

  • Additional Disruption Event means any of Change in Law, Hedging Disruption and/or Increased Cost of Hedging.

  • Announcement Event means the occurrence of an Announcement Date in respect of a Merger Event or Tender Offer, notwithstanding the fact that such Merger Date or Tender Offer Date may not, or may not be anticipated to, occur on or prior to the Valuation Date for the related Component. The definition of “Announcement Date” in Section 12.1(l) of the Equity Definitions shall be amended by (a) replacing the word “leads” in the third line thereof and in the fifth line thereof with the words “could lead (as determined by the Calculation Agent)” (b) deleting the word “firm” in the second and fourth lines thereof and (c) inserting the words “, and any publicly announced change or amendment to such an announcement (including the announcement of an abandonment of such intention)” at the end of clauses (i) and (ii) thereof. Consequences of Merger Events: Merger Event:

  • Benchmark Replacement Date means the earliest to occur of the following events with respect to the then-current Benchmark:

  • Adjustment Event means each of the following events:

  • Disposition Event means any merger, consolidation or other business combination of the Corporation, whether effectuated through one transaction or series of related transactions (including a tender offer followed by a merger in which holders of Class A Common Stock receive the same consideration per share paid in the tender offer), unless, following such transaction, all or substantially all of the holders of the voting power of all outstanding classes of Common Stock and series of Preferred Stock that are generally entitled to vote in the election of Directors prior to such transaction or series of transactions, continue to hold a majority of the voting power of the surviving entity (or its parent) resulting from such transaction or series of transactions in substantially the same proportions as immediately prior to such transaction or series of transactions.

  • Value Adjustment Event means, with respect to any Loan Asset, the occurrence of any one or more of the following events after the related Cut-Off Date:

  • Extraordinary Adjustment Event means any of the following events as they relate to the Reference In- strument:

  • Settlement Disruption Event means each of the following events, as determined by the Calculation Agent in its sole discretion acting in good faith and in a commercially reasonable manner:

  • Event Date shall have the meaning set forth in Section 2(d).

  • Investment End Date : means 11 November 2022, or if such day is not a Scheduled Trading Day, the following day which is a Scheduled Trading Day.

  • LIBOR Replacement Date has the meaning specified in Section 3.03(c).

  • Severe Disruption Event means any event specified as such in the Final Terms.

  • Amendment Event means that Counterparty amends, modifies, supplements, waives or obtains a waiver in respect of any term of the Indenture or the Convertible Securities governing the principal amount, coupon, maturity, repurchase obligation of Counterparty, redemption right of Counterparty, any term relating to conversion of the Convertible Securities (including changes to the conversion price, conversion settlement dates or conversion conditions), or any term that would require consent of the holders of not less than 100% of the principal amount of the Convertible Securities to amend, in each case without the consent of Dealer.