Examples of Replacement Manager in a sentence
The security interest hereby granted to the Indenture Trustee by the Issuer is subject to the right of any lessee to the quiet enjoyment of any Managed Container under lease to such lessee for so long as such lessee is not in default under the Lease therefor and the Manager under the Management Agreement (including any Replacement Manager) or the Indenture Trustee (as provided in Section 405 hereof) continues to receive all amounts payable under such Lease.
In the event that the PMA expires, is terminated or revoked, then the Agreement shall terminate immediately unless the State or any Replacement Manager elects to assume the Contract.
The Contractor acknowledges that, if reasonably requested by the State as part of the disentanglement of Camelot, it shall at no charge grant the State, its Affiliates, another designated State of Illinois agency and/or the Replacement Manager of the Lottery the use and benefit of the Agreement.
The Contractor shall, upon Camelot’s request, assign the Agreement to the State or the Replacement Manager and shall permit the State, its Affiliates, another designated State of Illinois agency and/or the Replacement Manager to assume prospectively the Agreement or enter into new contracts with the State, its Affiliates, another designated State of Illinois agency and/or the Replacement Manager on substantially the same terms and conditions, including price.
No such resignation will become effective until a Replacement Manager has assumed the obligations and duties of the Manager under this Agreement in accordance with the terms hereof.