Management Change. Make any substantial change in its present executive or management personnel.
Management Change. Management of the Borrower shall, for a period of one hundred eighty (180) consecutive days, cease to be in at least two of the following persons: (a) Charles B. Lebovitz, (b) John N. Foy, (c) Michael Lebovitz, (d) Sxxxxxx X. Xxxxxxxx or (e) Xxx Xxxxxx, who xxxxx xx xx xx xxecutixx xxxxxxxxxx xxxxxion with Xxxxxxxx or who shall be a senior vice president, executive vice president, senior executive vice president or president with Borrower's general partner; or
Management Change. Make any change in the president of the Borrower or the chief executive officer of the Borrower, if applicable.
Management Change. Active management of Borrower, CBL & Associates Management, Inc. (the “Management Company”) and the Parent shall remain in Xxxxxxx X. Xxxxxxxx; provided, however, upon his failure to remain in active management such failure shall not be a default hereunder if either (i) at least two (2) of the following remain active in the management: Xxxx X. Xxx, Xxxxxxx X. Xxxxxxxx, Xxxxxxx Xxxxxxxx, Xxx Xxxxxxxx, and Xxxxxxx X. X. Xxxxxxx, Xx.; or (ii) within one hundred eighty (180) days Borrower, Management Company and Parent present a management replacement satisfactory to Lenders; or
Management Change. This Section is intentionally omitted.
Management Change. Borrower agrees that it will not make any substantial changes in its present executive or management personnel.
Management Change. Suffer any change in the ownership interest of the Guarantor in the Borrower or in the Guarantor's participation in the management of the Borrower.
Management Change. Seller will notify Buyer in writing within thirty (30) days after any material change in the management of Seller (For purposes hereof, a material change in the management of Seller shall consist of Xxxxx Still no longer serving as Chief Executive Officer of Seller or Xxxxx Xxxxxxxx no longer serving as Chief Financial Officer of Seller). If Buyer reasonably disapproves of the change in management, Buyer shall give written notice of disapproval within thirty (30) days after receipt of Seller’s notice together with Buyer’s recommendations for resolving such management change to Buyer’s satisfaction. If Seller opts not to resolve such change in management to Buyer’s satisfaction within thirty (30) days after Buyer’s notice of disapproval, Buyer may accelerate the Termination Date by giving written notice of the accelerated Termination Date to Seller.
Management Change. Change or remove Fxxxx X. Xxxxxx from his current management positions as President and Chief Executive Officer of Borrower.
Management Change. Make any substantial change in its present executive or management personnel whereby Hxxxxx X. Xxxxxxxxx fails to remain on the board of directors of the Borrower.
