Change of Manager. 22.25.1 The Borrowers shall procure that:
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. 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:
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:
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.
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. 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. Retiring Manager hereby retires as Manager of the Company and the Members consent to such retirement. Manager Member is hereby appointed the sole Manager of the Company, and hereby accepts such appointment.
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.
