Successor Obligor definition

Successor Obligor has the meaning provided in Section 2.10.
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Successor Obligor shall have the meaning provided in Section ----------------- ------- 2.11(b). -------
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Successor Obligor. Substitute Loan Documents," "Substitute Property," "Ten Year Treasury Rate," "Treasury Rate," "Unpaid Excess Loan Amount," "Underwriting NOI Criteria," "Unpaid Excess Loan Amount," "Warrant," "Security Agreement."
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Examples of Successor Obligor in a sentence

  • The Successor Obligor shall assume, in a writing or writings reasonably satisfactory to Holder, all of Maker’s obligations under this Note, the other Loan Documents and the Security Agreement and, upon such assignment Maker shall, except as set forth herein, be relieved of its obligations hereunder.

  • The Successor Obligor shall assume, in a writing or writings satisfactory to Lender in Lender's discretion, all of Borrower's obligations under the Note, the other Loan Documents and the Security Agreements and, upon such assignment Borrower shall, except as set forth herein, be relieved of its obligations hereunder.

  • Successor Obligor Substituted..............................................................

  • The Trustee assumes no responsibility for the correctness of the recitals contained herein, each of which shall be taken as a statement of the Company or the Successor Obligor.

  • Pursuant to, and in compliance and accordance with, Section 8.1 and Section 8.2 of the Indenture, the Successor Obligor hereby expressly assumes the due and punctual payment of the principal of (and premium, if any) and interest (including any Additional Interest) on all of the Securities and the performance of every covenant in the Indenture on the part of the Company to be performed or observed.

  • The Successor Obligor shall assume, in a writing or writings reasonably satisfactory to Lender in Lender's discretion, all of Borrower's obligations under the Note, each Related Note, the other Loan Documents and the other Related Loan Documents and the Defeasance Security Agreement and, upon such assignment Borrower and Guarantor shall, except as set forth herein, be relieved of its obligation under all the Loan Documents and all of the Related Loan Documents.

  • In July 1999, the Company implemented an incentive plan for certain operational personnel.

  • This Fourth Supplemental Indenture shall become binding upon the Trustee, the Company, the Successor Obligor and holders of the Senior Notes simultaneously with the effectiveness of the Merger.

  • Upon the execution and delivery of this Supplemental Indenture, all references in the Original Indenture to the "Company" shall mean the Successor Obligor.

  • The Successor Obligor shall assume, in a writing or writings reasonably satisfactory to Holder, all of Maker’s obligations under this Note (or, in the case of a defeasance of less than the full amount of the Loan, the Defeased Note), the other Loan Documents and the Security Agreement and, upon such assignment Maker shall, except as set forth herein, be relieved of its obligations hereunder.


More Definitions of Successor Obligor

Successor Obligor shall have the meaning provided in Section 2.11(b).
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Successor Obligor has the meaning provided in Section 2.6(h).
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Successor Obligor has the meaning set forth in Section 0 (Successor company).
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Successor Obligor has the meaning set forth in Section 3 (Successor company).
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Related to Successor Obligor

  • Successor Guarantor shall have the meaning specified in Section 11.02(a).

  • Successor Issuer has the meaning assigned to it in Section 4.1(a).

  • Successor Entity means the Person (or, if so elected by the Holder, the Parent Entity) formed by, resulting from or surviving any Fundamental Transaction or the Person (or, if so elected by the Holder, the Parent Entity) with which such Fundamental Transaction shall have been entered into.

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

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

  • 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 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.

  • Successor Guarantee Trustee means a successor Guarantee Trustee possessing the qualifications to act as Guarantee Trustee under Section 4.1.

  • Successor Borrower has the meaning assigned to such term in Section 6.07(a).

  • Successor Capital Securities Guarantee Trustee means a successor Capital Securities Guarantee Trustee possessing the qualifications to act as Capital Securities Guarantee Trustee under Section 4.1.

  • Successor Preferred Guarantee Trustee means a successor Preferred Guarantee Trustee possessing the qualifications to act as Preferred Guarantee Trustee under Section 4.1.

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

  • 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 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.

  • Original Guarantor means the Persons identified as such in the first paragraph of this Indenture until a successor Person shall have become such pursuant to the applicable provisions of this Indenture, and thereafter each such successor Person shall be an “Original Guarantor”.

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

  • Obligor on the indenture securities means the Issuer and any other obligor on the indenture securities. All other TIA terms used in this Indenture that are defined by the TIA, defined by TIA reference to another statute or defined by Commission rule have the meaning assigned to them by such definitions.

  • Successor Index means any substitute index approved by the Calculation Agent as a Successor Index pursuant to Section 3 hereof.

  • 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.

  • Guarantor means: .............................................................................................................................................

  • Secondary obligor means an obligor to the extent that:

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

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