Appointment of successor definition

Appointment of successor. If the Security Trustee gives notice of its resignation the Agent may appoint a successor. If the Agent has not within sixty days after such notice of resignation appointed a successor to the Security Trustee which shall have accepted such appointment, the retiring Security Trustee shall have the right to appoint such a successor itself.
Sample 1
Appointment of successor any resignation by or removal of the Settlement System Administrator pursuant to Clause 27.1 or 27.3 shall not take effect until a successor Settlement System Administrator shall have been appointed and shall have accepted such appointment and the Settlement System Administrator shall continue to perform and discharge its duties and responsibilities under this Agreement until such appointment and acceptance. Subject as provided in Clause 27.7:-
Sample 1

Examples of Appointment of successor in a sentence

  • Appointment of successor or additional paying agent/registrar or the change of name of a paying agent/registrar, if material.

  • Appointment of successor Trustee If the Trustee retires or is required to retire as trustee of a Trust, the Trust Manager must use its best endeavours to procure a successor trustee, which is considered by the Trust Manager and Sub-Trust Manager to be of appropriate capability and repute, to agree to act as the trustee of the Trust upon the terms and conditions of the Master Trust Deed as soon as possible.

  • Executive Director Cameron stated the proposed 2017-2018 budget is $2.85 million for the ICTF JPA and a utilization breakdown has been outlined in the staff report.

  • Appointment of successor guardian.Upon the removal, death, or resignation of a guardian, the clerk shall appoint a successor guardian following the same criteria that would apply to the initial appointment of a guardian.

  • Appointment of successor fiduciary and representative proceedings.

  • Appointment of successor Sub-Trust Manager The Issue Supplement sets out the criteria for a successor Sub-Trust Manager, including that it must be considered by the Issuer to be of appropriate capability and repute, it must hold an AFS Licence and must have agreed to become the Sub-Trust Manager upon the terms and conditions of the Issue Supplement.

  • Appointment of successor trustee or additional trustee or name changes of a trustee, if material.

  • Appointment of successor to personal representative or collector whose letters have been revoked; when not required.Upon the revocation of letters issued to a sole or last surviving personal representative or collector, the clerk of superior court shall appoint another personal representative or collector as provided by G.S. 28A-4-1 to act as successor to the sole or last surviving personal representative or collector.

  • Appointment of successor trust administrator If the Trust Administrator retires or is removed as trust administrator of the Series, the retiring Trust Administrator agrees to use its best endeavours to appoint a person to replace the Trust Administrator as trust administrator as soon as possible.

  • The Security Trustee may assign, novate or transfer any of its rights and obligations under this deed to a successor under and in accordance with clause 7.3 (Appointment of successor Security Trustee) of the Security Trust Deed.

Related to Appointment of successor

  • Appointment means the appointment of any Seller to act in a Corporate Trust Capacity under any of the Corporate Trust Contracts of the Business.

  • Initial appointment means appointment made otherwise than by promotion or transfer;

  • Successor Trust means Continental Airlines Pass Through Trust 1997-4B-S.

  • Notice of Removal means a notice, under clause 17.4.5, from an Association to a Nominated Person Removing the Nominated Person.

  • Appointment Date shall have the meaning specified in Section 9.02(a).

  • Successor Trustee means a successor Trustee possessing the qualifications to act as Trustee under Section 4.01.

  • 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.

  • Restricted Appointment means (a) any Appointment for which the applicable Authorizations have not been obtained, and (b) any Appointment for which the maturity date of the applicable Corporate Trust Contract is on or before June 30, 2022.

  • Successor Institutional Trustee has the meaning set forth in Section 4.3(a).

  • Succeeded Appointment means any Appointment for which a Succession Time has occurred.

  • Serviced Appointment has the meaning set forth in Section 1.1.

  • Letter of Appointment means the written communication by SAICA to the Contractor recording the acceptance by SAICA of Contractor’s bid subject to the further terms and conditions to be itemized in the contract;

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

  • Excluded Appointments means those Appointments designated from time to time as "Excluded Appointments" by agreement of the parties.

  • Successor Delaware Trustee has the meaning set forth in Section 4.5(e).

  • Successor means an entity that has replaced a predecessor by acquiring the assets and carrying out the affairs of the predecessor under a new name (often through acquisition or merger). The term "successor" does not include new offices/divisions of the same company or a company that only changes its name. The extent of the responsibility of the successor for the liabilities of the predecessor may vary, depending on State law and specific circumstances.

  • Removal means a removal for disciplinary reasons from the student’s current educational placement other than a suspension and change in placement to an interim alternative educational setting (IAES) ordered by an impartial hearing officer because the student poses a risk of harm to himself or herself or others.

  • Successor Master Servicer The meaning ascribed to such term pursuant to Section 8.02.

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

  • Master Servicer Event of Termination As defined in Section 7.01 hereof.

  • Resignation means a voluntary notice by the employee that they are terminating their service on the date specified;