Statutory Successor definition

Statutory Successor means any entity, whether constituted under the GLA Legislation or not, which:
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Statutory Successor means any entity, whether constituted under the GLA Legislation or not, which succeeds the Issuer in relation to all or substantially all of the statutory functions relating to the development, operation and funding of transport within Greater London;
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Statutory Successor means any person who under this Act has succeeded or may succeed to a croft whether as a person to whom the tenancy of the croft has been transferred in pursuance of section 16(2) of the 1964 Act or as the executor, heir-at-law, legatee or assignee of his immediate predecessor being a crofter in occupation of the croft;
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Examples of Statutory Successor in a sentence

  • In the event of the insolvency of the Reassured, the amounts due to the Reassured under this Contract shall be payable by the Reinsurers directly to the Reassured or to its Liquidator, Receiver or Statutory Successor.

  • During the pendency of such claim the Reinsurers may investigate such claim and intervene, at their own expense, in the proceedings where such claim is to be adjudicated and interpose any defense or defenses which they may deem available to the Reassured or its Liquidator or Receiver or Statutory Successor.

  • In the event of the insolvency of the Reassured, the Liquidator or Receiver or Statutory Successor of the Reassured shall give written notice to the Reinsurers of the pendency of any claim against the insolvent Reassured on the original policies reinsured hereunder within a reasonable time after such claim is filed in the insolvency proceedings.

  • During the pendency of such claim the Reinsurers may investigate such claim and intervene, at their own expense, in the proceedings where such claim is to be adjudicated and interpose any defense or defenses which they may deem available to the Reassured or its Liquidator or Receiver or Conservator or Statutory Successor.

  • In the event of the insolvency of the Reassured and the appointment of a Liquidator, Receiver, Conservator or Statutory Successor, the Liquidator or Receiver or Conservator or Statutory Successor of the Reassured shall give written notice to the Reinsurers of the pendency of any claim against the insolvent Reassured on the original policies reinsured hereunder within a reasonable time after such claim is filed in the insolvency proceedings.

  • In the event of the insolvency of the Reassured, the amounts due to the Reassured under this Contract shall be payable by the Reinsurers directly to the Reassured or to its Liquidator, Receiver or Conservator or Statutory Successor.

  • During the pendency of such claim the Reinsurers may investigate such claim and intervene, at their own expense, in the proceedings where such a claim is to be adjudicated and interpose any defence or defences which they may deem available to the Reassured or its Liquidator or Receiver or Statutory Successor.

  • In the event of the insolvency of the Reassured, the Liquidator or Receiver or Statutory Successor of the Reassured shall give written notice to the Reinsurers of the pendency of any claim against the insolvent Reassured on the cessions hereto within a reasonable time after such claim is filed in the insolvency proceedings.

  • The Trust Deed contains provisions under which a (i) Statutory Successor, (ii) a Subsidiary of the Issuer or (iii) a Subsidiary of a Statutory Successor may, without the consent of the Noteholders or Couponholders, assume the obligations of the Issuer as principal debtor under the Trust Deed and the Notes provided that certain conditions specified in the Trust Deed are fulfilled.

  • In the event of the insolvency of the Reassured, the amounts due to the Reassured under this Agreement shall be payable by the Reinsurers directly to the Reassured or to its Liquidator, Receiver or Statutory Successor.


More Definitions of Statutory Successor

Statutory Successor any successor authority, public body or other authority who shall take over the function of the Council “Step-In Agreement” any agreement to be made between (1) the Council (2) the Developer and (3) an Investor providing inter alia for the Investor to serve written notice on the Council within three months following notice from the Council specifying any Event of Default and giving notice of the Council's intention to terminate this Agreement (or such other period of time as the Investor may reasonably require to be specified) stating that the Investor intends either to step in to the obligations of the Developer or nominate another party (first approved by the Council acting reasonably) to do so complying with the terms of this Agreement and for allowing the Investor or such nominee to step-in to the obligations of the Developer on default by the Developer of any obligations owed by the Developer to the Investor, the terms of such agreement otherwise to be agreed between the parties acting reasonably “Structural Engineer” [[NAME] of [ADDRESS] or such other reputable] structural engineer as the Developer or the Building Contractor appoints as the Structural Engineer for the purposes of the Relevant Works in accordance with Part 1 of Schedule 2 [DN: Please confirm]
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Statutory Successor any successor authority, public body or other “Step-In Agreement” any agreement to be made between (1) the
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Statutory Successor means and includes any conservator, rehabilitator, liquidator or other statutory representative appointed or otherwise designated to manage or supervise the affairs and operations of Penn Mutual under the Pennsylvania insurance insolvency laws.
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Statutory Successor means and includes any conservator, rehabilitator, liquidator or other statutory representative appointed or otherwise designated to manage or supervise the affairs and operations of PIA under the Delaware insurance insolvency laws.
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Statutory Successor is defined in Article XIV -0Insolvency.
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Related to Statutory Successor

  • Business Successor means (a) any former Subsidiary of the Company and (b) 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.

  • 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.

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

  • 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;

  • Qualified Successor Entity means, with respect to a Business Combination Event, a corporation; provided, however, that a limited liability company, limited partnership or other similar entity will also constitute a Qualified Successor Entity with respect to such Business Combination Event if either (A) such Business Combination Event is an Exempted Fundamental Change; or (B) both of the following conditions are satisfied: (i) either (x) such limited liability company, limited partnership or other similar entity, as applicable, is treated as a corporation or is a direct or indirect, wholly owned subsidiary of, and disregarded as an entity separate from, a corporation, in each case for U.S. federal income tax purposes; or (y) the Company has received an opinion of a nationally recognized tax counsel to the effect that such Business Combination Event will not be treated as an exchange under Section 1001 of the Internal Revenue Code of 1986, as amended, for Holders or beneficial owners of the Notes; and (ii) such Business Combination Event constitutes a Common Stock Change Event whose Reference Property consists solely of any combination of cash in U.S. dollars and shares of common stock or other corporate common equity interests of an entity that is (x) treated as a corporation for U.S. federal income tax purposes; and (y) duly organized and existing under the laws of the United States of America, any State thereof or the District of Columbia.