Common use of Change of Management or Financial Condition Clause in Contracts

Change of Management or Financial Condition. Prompt notice (i) of any change in the senior management of any Loan Party or any change in property manager under, or termination or cancellation of, an Approved Management Agreement; and (ii) of any change in the business, assets, liabilities, financial condition or results of operations of any Loan Party or any of its Subsidiaries which has had or could reasonably be expected to have a Material Adverse Effect;

Change of Management or Financial Condition. Prompt notice (i) of any change in the senior management individuals comprising the Responsible Officers of the Borrower, any Material Subsidiary or any other Loan Party or any change in property manager under, or termination or cancellation of, an Approved Management Agreement; and (ii) of any change in the business, assets, liabilities, condition (financial condition or otherwise), results of operations or performance of the Borrower, any Subsidiary or any other Loan Party or any of its Subsidiaries which has had or could reasonably be expected to have a Material Adverse Effect;