Interim Successor definition

Interim Successor has the meaning set forth in Section 2.6.
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Interim Successor means a person designated under this subchapter, if the officer is unavailable as the result of a disaster or the imminent threat of a disaster, to exercise the powers and discharge the duties of an office until a suc- cessor is appointed or elected and qualified as provided by law or until the lawful incumbent is able to resume the exercise of the powers and discharge the duties of the office.
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Interim Successor means a person designated under this
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Examples of Interim Successor in a sentence

  • If no Successor Manager has been appointed by the Control Party (acting at the direction of the Controlling Class Representative), the Back-Up Manager will serve as the Interim Successor Manager and will work with the Servicer to implement the Transition Plan until a Successor Manager (other than the Back-Up Manager) has been appointed by the Control Party (acting at the direction of the Controlling Class Representative).

  • The Manager will cooperate fully with the Successor Manager (or the Interim Successor Manager, as the case may be) and otherwise promptly take all actions required to assist in effecting a complete Disentanglement (including the prompt completion of all work) and shall follow any directions that may be provided by the Back-Up Manager and the Control Party.

  • The Manager shall assist and fully cooperate with the Successor Manager or Interim Successor Manager, as the case may be, or its designated alternate service provider in obtaining any necessary licenses or consents to use any third party Intellectual Property then being used by the Manager or any Sub‑manager.

  • The Manager shall cooperate fully with the Successor Manager or Interim Successor Manager as the case may be, and otherwise promptly take all actions reasonably required to assist in effecting a complete Disentanglement while using commercially reasonable efforts to maintain Continuity of Services and shall follow any reasonable directions that may be provided by the Back-Up Manager and the Control Party.

  • Within ninety (90) days after the date of the removal of the Investment Manager in accordance with the terms hereof, the Interim Successor Manager shall propose to the Partners of the Fund a permanent successor manager (which may be the Interim Successor Manager) to succeed the Interim Investment Manager as the investment manager to the Fund.

  • Higher costs of revenue and higher operating expenses coupled with a reduction in total revenue resulted in a net loss from operations for the Interim Successor Period.

  • During the Disentanglement Period, the Manager shall assist and cooperate with the Successor Manager and/or Interim Successor Manager, as the case may be, or its or their its designated alternate service provider in obtaining any necessary licenses or consents to use any third party Intellectual Property then being used by the Manager or any Sub-manager.

  • The Manager shall assign, and shall cause each Sub‑manager to assign, any such license or sublicense directly to the Successor Manager or Interim Successor Manager, as the case may be, or its designated alternate service provider to the extent the Manager, or each Sub‑manager as applicable, has the rights to assign such agreements to the Successor Manager.

  • The Manager shall cooperate fully with the Successor Manager (or Interim Successor Manager, as the case may be) and otherwise promptly take all actions required to assist in effecting a complete Disentanglement and shall follow any directions that may be provided by the Back‑Up Manager and the Control Party.

  • All services relating to Disentanglement, including all reasonable training for personnel of the Back-Up Manager (including in its capacity as Interim Successor Manager), the Successor Manager or the Successor Manager’s designated alternate service provider in the performance of the Services, are deemed a part of the Services to be performed by the Manager.

Related to Interim Successor

  • 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.

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

  • 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.

  • 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;

  • 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.

  • Successor personal representative means a personal representative, other than a special administrator, who is appointed to succeed a previously appointed personal representative.

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

  • Successor Operator means a Train Operator succeeding or intended by the Secretary of State to succeed (and whose identity is notified to the Franchisee by the Secretary of State) the Franchisee in the provision or operation of all or any of the Franchise Services including, where the context so admits, the Franchisee where it is to continue to provide or operate the Franchise Services following termination of the Franchise Agreement;

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

  • successor in business means any company which, as a result of any amalgamation, merger or reconstruction: (a) owns beneficially the whole or substantially the whole of the undertaking, property and assets owned by the Issuer immediately prior thereto; and (b) carries on, as successor to the Issuer, the whole or substantially the whole of the business carried on by the Issuer immediately prior thereto.

  • Successor Person has the meaning assigned to such term in Section 6.03(b)(i).

  • Successor in Interest means any (i) shareholder of; (ii) trustee, custodian, receiver or other person acting in any Bankruptcy or reorganization proceeding with respect to; (iii) assignee for the benefit of the creditors of; (iv) officer, director or partner of; (v) trustee or receiver, or former officer, director or partner, or other fiduciary acting for or with respect to the dissolution, liquidation or termination of; or (vi) other executor, administrator, committee, legal representative or other successor or assign of, any Partner, whether by operation of law or otherwise.

  • Successor Trust means the Continental Airlines Pass Through Trust 1999-1A-S.

  • Successor Company shall have the meaning specified in Section 11.01(a).

  • Successor Holdings has the meaning assigned to such term in Section 6.03(a)(v).

  • 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 Corporation means a corporation, or a parent or subsidiary thereof within the meaning of Section 424(a) of the Code, which issues or assumes a stock option in a transaction to which Section 424(a) of the Code applies.

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

  • Successors as used in this Agreement shall not include any purchaser, as such purchaser, of any of the [Unsecured Notes] from any of the respective Underwriters.

  • Successor Rate means a successor to or replacement of the Original Reference Rate which is formally recommended by any Relevant Nominating Body.

  • Successor in Interest of Borrower means any party that has taken title to the Property, whether or not that party has assumed Borrower’s obligations under the Note and/or this Security Instrument.

  • Portfolio Supervisor means First Trust Advisors L.P. and its successors in interest, or any successor portfolio supervisor appointed as hereinafter provided."

  • (4) SECRETARY.—The term Secretary’ means

  • Successor Parent with respect to any Person, means any other Person with more than 50% of the total voting power of the Voting Stock which is, at the time the first Person becomes a Subsidiary of such other Person, “beneficially owned” (as defined in Rules 13d-3 and 13d-5 under the Exchange Act) by one or more Persons that “beneficially owned” (as so defined) more than 50% of the total voting power of the Voting Stock of the first Person immediately prior to the first Person becoming a Subsidiary of such other Person.

  • (5) SECRETARY.—The term Secretary’ means