Proposed Successor definition

Proposed Successor shall have the meaning set forth in the definition of Appointment Procedures.
Sample 1Sample 2Sample 3
Proposed Successor. As defined in Section 6.04.
Sample 1Sample 2Sample 3

Examples of Proposed Successor in a sentence

  • Section 6.9 of the Indenture requires, among other things, the written consent of each of the Majority of the Controlling Class and the Majority of the Subordinated Notes to the appointment of the Proposed Successor.

  • The resignation of U.S. Bank described herein shall become effective upon the appointment of such Proposed Successor.

  • In addition, please note the resignation of U.S. Bank in the capacities specified herein and the appointment of the Proposed Successor is subject to the satisfaction of certain conditions set forth in the Indenture.

  • Determination of Proposed Successor Guardian’s Qualification to Serve.§1203.153.

  • Communication Between Predecessor and Proposed Successor AuditorsMr. Fleck explained the Task Force’s proposal, in response to a comment from IOSCO Committee 1, regarding not requiring client consent as a precondition for communication between a predecessor auditor and a proposed successor auditor in circumstances where there has been a change of auditors as a result of a NOCLAR matter.

  • Among other things, the Prior Notice explained that the resignation of U.S. Bank described therein would become effective upon the appointment of such Proposed Successor.

  • Among other things, the Prior Notice previously distributed by the Resigning Trustee gave notice of the intention of U.S. Bank to resign as Trustee under the Indenture and in each other capacity under the Transaction Documents, and of the proposed appointment by the Issuer of Deutsche Bank Trust Company Americas as Proposed Successor (as defined therein) to replaceU.S. Bank as Trustee under the Indenture and in each other capacity under the Transaction Documents, in each case as described therein.

  • This may be supplemented, where appropriate, by the imposition of restrictive measures by the Union.

  • The Proposed Successor Agent shall become the Administrative Agent and Collateral Agent if approved by the Requisite Banks.

  • If such Proposed Successor Agent is not approved by the Requisite Banks within five Business Days after proposed by such Revolving Banks, then the Requisite Banks shall have the right upon five Business Days’ notice to Xerium, to appoint a successor Administrative Agent and Collateral Agent.

Related to Proposed Successor

  • 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;

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

  • 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.

  • Prospective Transferee means any person to whom a Key Holder proposes to make a Proposed Key Holder Transfer.

  • Approved Transferee means (a) a “qualified institutional buyer” (“QIB”) as defined in Rule 144A promulgated under the Securities Act that is a financial institution or commercial bank having capital and surplus of $5,000,000,000 or more, (b) an affiliate of the Funding Lender, or (c) a trust or custodial arrangement established by the Funding Lender or one of its affiliates the beneficial interests in which will be owned only by QIBs.

  • Selected Bidder or Successful Bidder means the Bidder selected pursuant to this RfS to set up the Project and supply electrical output as per the terms of standard PPA.

  • 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.

  • Proposed Transferee has the meaning set forth in Section 2.4(a).

  • successor in business means any company which, as a result of any amalgamation, merger or reconstruction: (a) owns beneficially the whole or substantially the whole of the undertaking, property and assets owned by the Issuer immediately prior thereto; and (b) carries on, as successor to the Issuer, the whole or substantially the whole of the business carried on by the Issuer immediately prior thereto.

  • Permitted Transferee Any Transferee of a Residual Certificate other than a Disqualified Organization or Non-United States Person.

  • Proposer means a contractor that submits a response to a request for proposal, request for bid, or request for quotation.

  • Supplier/ Successful or Selected bidder means the person, private or government entity, or a combination of the above, whose Bid to perform the Contract has been accepted by the Purchaser and is named as such in the Agreement, and includes the legal successors or permitted assigns of the successful/ selected bidder.

  • Proposed Sale has the meaning set forth in Section 2.4(a).

  • Proposed Change has the meaning assigned to such term in Section 9.02(c).

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

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

  • Offeror’s Notice means the notice described in Section 10.3; and

  • prospective sale means a sale which is intended to be made in the future, upon the occurrence of a stated event, whether or not the occurrence of the event is certain;

  • Proposed Transfer means any assignment, sale, offer to sell, pledge, mortgage, hypothecation, encumbrance, disposition of or any other like transfer or encumbering of any Transfer Stock (or any interest therein) proposed by any of the Stockholders.

  • 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.

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

  • 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,

  • Acute pain means the normal, predicted physiological response to a noxious chemical, thermal or mechanical stimulus and typically is associated with invasive procedures, trauma and disease. Generally, acute pain is self-limited, lasting no more than a few weeks following the initial stimulus.

  • Successful Bidder” or “Successful E-Auction Process Participant means, the Qualified Bidder whose bid is approved and who is declared successful by the Liquidator at the end of the determined auction phase.C. INTRODUCTION

  • Proposed decision means the presiding officer’s recommended findings of fact, conclusions of law, decision, and order in a contested case in which the administrator did not preside.

  • Transferee is a qualified institutional buyer" as defined in Rule 144A because (i) the Transferee is an investment company registered under the Investment Company Act of 1940, and (ii) as marked below, the Transferee alone owned and/or invested on a discretionary basis, or the Transferee's Family of Investment Companies owned, at least $100,000,000 in securities (other than the excluded securities referred to below) as of the end of the Transferee's most recent fiscal year. For purposes of determining the amount of securities owned by the Transferee or the Transferee's Family of Investment Companies, the cost of such securities was used, unless the Transferee or any member of the Transferee's Family of Investment Companies, as the case may be, reports its securities holdings in its financial statements on the basis of their market value, and no current information with respect to the cost of those securities has been published, in which case the securities of such entity were valued at market. ____ The Transferee owned and/or invested on a discretionary basis $____________________ in securities (other than the excluded securities referred to below) as of the end of the Transferee's most recent fiscal year (such amount being calculated in accordance with Rule 144A). ____ The Transferee is part of a Family of Investment Companies which owned in the aggregate $__________________ in securities (other than the excluded securities referred to below) as of the end of the Transferee's most recent fiscal year (such amount being calculated in accordance with Rule 144A).