Examples of Eligible Successor in a sentence
No termination or resignation shall be effective unless an Eligible Successor has agreed to assume all the duties and obligations of the Portfolio Manager arising out of the Portfolio Management Agreement in accordance with the terms and conditions of the Portfolio Management Agreement.
In addition to its other rights, Landowner shall be deemed to be an Eligible Successor Homeowner during any step in the offering process described herein.
The Assignee Collateral Manager represents and warrants to each of the Issuer and the Assignor Collateral Manager that it constitutes an Eligible Successor under the Collateral Management Agreement.
Each of the numerous projects this would entail would be a hybrid of brownfield and greenfield, in that the approach calls for a corridor with a long, well-documented traffic history, but would involve billion-dollar-scale reconstruction and in some cases widening and interchange replacement.
In accordance with the terms and conditions of the Portfolio Management Agreement, within 90 days of the receipt of such notice, the holders of a majority in Stated Amount of the Securities may select an Eligible Successor to be appointed as the replacement portfolio manager.