Successor Manager definition

Successor Manager. Any Independent Contractor as selected or retained by the Special Servicer, on behalf of the Trustee for the benefit of the Trust and the Companion Loan Holders, to serve as manager of a Foreclosed Property, which designation, as evidenced by written confirmation from each Rating Agency, shall not result in the downgrade, withdrawal or qualification of the ratings assigned to the Certificates by such Rating Agency.
Successor Manager means any successor to the Manager selected by the Control Party (at the direction of the Controlling Class Representative) upon the resignation or removal of the Manager pursuant to the terms of the Management Agreement.
Successor Manager means an individual named or designated by agreement between a brewer and wholesaler who succeeds to the role of manager who will be principally responsible for the daily management of the wholesaler.

Examples of Successor Manager in a sentence

  • The Borrower shall pay the Manager Fee to the initial Manager and after the resignation or replacement of the initial Manager, the Borrower shall pay the Manager Fee to a Successor Manager appointed in accordance with the Management Agreement.


More Definitions of Successor Manager

Successor Manager shall have the meaning set forth in the Management Agreement.
Successor Manager has the meaning given in Section 7.5.
Successor Manager means a successor Manager appointed pursuant to the Management Agreement.
Successor Manager has the meaning assigned thereto in Section 8.4 of the Management Agreement.
Successor Manager has the meaning assigned in Section 14(b).
Successor Manager means an individual named or designated by agreement between a xxxxxx and wholesaler who succeeds to the role of manager who will be principally responsible for the daily management of the wholesaler.
Successor Manager. As defined in Section 3.19(b) below.