Change of Manager. 22.25.1 The Borrowers shall procure that:
(a) if a Management Agreement is terminated, cancelled or otherwise ceases to remain in full force and effect at any time prior to its contractual expiry date, such Management Agreement is replaced by a similar agreement in form and substance satisfactory to the Majority Lenders (acting reasonably); and
(b) any new Manager provides the Agent with a Manager's Undertaking immediately upon of its appointment on terms acceptable to the Agent (acting reasonably); and
(c) if a Bareboat Charter is terminated, cancelled or otherwise ceases to remain in full force and effect, Borrower A (acting as Manager) and the relevant Owner shall, unless otherwise agreed by the Agent, execute a management agreement in respect of the commercial and technical management of the relevant Vessel.
22.25.2 Each Borrower and each relevant Owner shall procure that each vessel owned by the Group shall be managed commercially by Borrower A or another company approved by the Agent (acting reasonably).
Change of Manager. Other than when appointing Costamare Shipping, Ciel Management and/or Shanghai Costamare, which appointment will be subject to the consent of the Majority Banks, ensure that, on or before the appointment of any person as a manager of a Ship (and subject always to the consent of the Creditors if and when the same is required under the Security Documents), they will:
(a) deliver to the Agent a certified copy of the Management Agreement duly executed by that Manager and the Borrower owning such Ship;
(b) procure that such Manager will have created and delivered to the Agent a Manager’s Undertaking in respect of that Ship before such Manager’s appointment has become effective under that Management Agreement; and
(c) deliver to the Agent any documents and evidence of the type referred to in schedule 3 in relation to that Manager’s Undertaking and that Manager as the Agent may in its reasonable discretion require, each at the cost and expense of the Borrowers.
Change of Manager if the Bank has approved pursuant to clause 8.4 that Teekay shall be the manager of the Ship for the Teekay Period, appoint Capital to be the manager of the Ship as from the date falling immediately after the end of the Teekay Period and it will provide the Bank not later than fifteen (15) Banking Days before the end of the Teekay Period with:
(a) a certified true copy of the Management Agreement between the Borrower and Capital;
(b) a Manager's Undertaking duly executed by Capital together with any documents or notices required pursuant thereto; and
(c) such documents and evidence of the type specified in schedule 2, Part 1, paragraphs 1 to 6 (inclusive) and 11 and such legal opinions, in each case, in respect of the Manager, the Borrower, the relevant Management Agreement and the relevant Manager's Undertaking, as the Bank may require in its sole discretion.
Change of Manager. Notwithstanding what may otherwise be provided in this Agreement or in this Amendment, the City shall have the option to replace the Arena Manager at any time after June 30, 2016; provided, that the City first delivers notice of such election (the “Arena Management Replacement Notice”) not less than ninety (90) days prior to the effective date of the replacement of the Arena Manager. Upon delivery of the Arena Management Replacement Notice the City and the Arena Manager shall amend the Agreement as necessary to reflect such replacement including, without limitation, Exclusive Arena Manager Revenues, Section 1.1.5, Section 9 (Charges and Fees), the deletion of Sections 8.1 and 8.4 thereof as well as Exhibits “C”, “F”, “G”, “H”, and “L provided, that notwithstanding such replacement, the Team Owner shall have the right to generate, collect and retain the Exclusive Arena Manager Revenues attributable to Hockey Events. Team Owner shall have no right to any and all revenues, including surcharges, that are attributable to Non-Hockey events. Parties expressly agree that in the event the City replaces the Arena Manager that the Team Owner will have the right to continue to receive concession, sponsorship and licensing revenues attributable directly to hockey events for the remainder of the term of the agreement. The Parties also agree that the replacement Arena Manager will not be permitted to charge or assess Surcharges or Supplemental Surcharges on any Coyotes Hockey Event tickets. Notwithstanding the foregoing, parties will negotiate in good faith and shall amend the agreement as necessary to reflect this understanding. Furthermore, in the event that the city replaces the Arena Manager, the management fee described in section 10.1 shall be prorated based upon the number of months Arena Manager has served as the Arena Manager. By way of example, in the event that the city replaces the Arena Manager effective in the third month of the fiscal year, the Arena Manager will be paid one million eighty three thousand three hundred thirty-three dollars and thirty-three cents ($1,083,333.33) for the two months of service performed by the Arena Manager ($6,500,000÷12 x 2).
Change of Manager. If PDUS exercises the Joint Venture Operator Option (as defined in Section 1.26), PDUS shall automatically become the Manager and Nova shall resign as Manager.
Change of Manager ensure that, on or before the appointment of any person as a manager of a Ship (and subject always to the consent of the Creditors if and when the same is required under the Security Documents), they will:
(a) deliver to the Agent a certified copy of the Management Agreement duly executed by that Manager and the Borrower owning such Ship;
(b) procure that such Manager will have created and delivered to the Agent a Manager’s Undertaking in respect of that Ship before such Manager’s appointment has become effective under that Management Agreement; and
(c) deliver to the Agent any documents and evidence of the type referred to in schedule 3 in relation to that Manager’s Undertaking and that Manager as the Agent may in its reasonable discretion require, each at the cost and expense of the Borrowers.
Change of Manager. A provision of this document remaining to be performed or capable of having effect after a Manager ceases to be the Manager will, despite the change in Manager, remain in full force and effect. Corrs Xxxxxxxx Westgarth
Change of Manager. The Company will not permit anyone other than ML Leasing or an Affiliate thereof to provide the services to be provided to the Company under the Management Agreement.
Change of Manager. The Developer may change the Manager at any time by giving 7 days’ notice of the change to the Member.
Change of Manager. (a) The Manager may resign from its duties and obligations at any time by giving written notice to all other Participants not less than ninety (90) days in advance of the effective date of such resignation.
(b) The Manager may be replaced in the event its Participating Interest ceases to be the largest as between the Participants.
(c) If the Manager becomes bankrupt or assigns, transfers or forfeits its Participating Interest, or has its rights hereunder terminated and is deemed to have withdrawn pursuant to Section 2.6, it shall cease to be the Manager on the date of bankruptcy or assignment or default in making its Initial Contribution, as the case may be, without the need of any further action of the Participants.
