। ॥
In plain words
The teacher's throne for all who live on the face of the earth, which Dvaipāyana once ascended, whose mind saw to the far shore of the Veda, and after him Śaṅkara, the remover of doubt, who scattered the darkness with a ray of knowledge, now waits for you, O god in human form, commander of the army of the gods.
Word for word
That teacher's throne for all who live on the face of the earth, which once Dvaipāyana, whose mind saw the far shore of the Veda, ascended, and after him Śaṅkara, remover of doubt, who scattered the darkness by a ray of knowledge, now waits for you, O god in human form, O commander of the army of the gods.