Changes in Senior Management Sample Clauses

Changes in Senior Management. Xxxxxxx X. Xxxxxx shall cease to be a member of senior management or both Xxxxxx X. Xxxxxxxxx and Xxxxx XxXxxxx shall cease to be members of senior management within any period of twelve consecutive months. THEN and in every such event other than that specified in Section 8.1.(d), First Union, as Agent, may, or at the written request of the Required Banks shall immediately terminate the Aggregate Revolving Loan Commitment by notice in writing to Xxxxxx and immediately declare the Revolving Credit Notes, including without limitation accrued interest, to be, and they shall thereupon forthwith become due and payable without presentment, demand, or notice of any kind, all of which are hereby expressly waived by Xxxxxx. Upon the occurrence of any event specified in Section 8.1.(d), the Aggregate Revolving Loan Commitment shall automatically terminate and the Revolving Credit Notes, including without limitation accrued interest, shall immediately be due and payable without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived by Xxxxxx. Any date on which the Notes and such other Obligations are declared due and payable pursuant to this Section 8.1, shall be the Revolver Termination Date for purposes of this Agreement. From and after the date an Event of Default shall have occurred and for so long as an Event of Default shall be continuing, the Loans shall bear interest at the Default Rate.
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Changes in Senior Management. Upon the departure of any Key Person from NxStage, (i) give the Bank prompt notice of such departure, (ii) provide the Bank with prompt notice as to the officer or employee who will be acting in the capacity of such office for purposes of taking actions under the Loan Documents, and (iii) keep the bank reasonably informed, and in any event no less than monthly, as to the Borrower’s efforts to fill such position or its determination as to the officers or employees who will fulfill the duties otherwise associated with such office.
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Changes in Senior Management. The failure of (a) one of Leonard Wise or Mark Kaplan to function as chief executive officer of Xxxxxwer, xxxxxx xxxlaced within 10 days thereafter with a chief executive officer or chief restructuring officer acceptable to Agent and Majority Lenders or (b) any Bankruptcy Plan proposed by Borrower to provide that Mark Kaplan shall function as chief executive officer of Borroxxx xxxx xxx after confirmation of such Bankruptcy Plan."
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Changes in Senior Management. No Credit Party shall make any material changes to the compensation, compensation or duties of, or terminate, the Chief Executive Officer of the Company or its Subsidiaries without prior consent of Purchaser.
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Changes in Senior Management. Upon the departure of any member of Senior Management from Auxilium, (i) give the Bank prompt notice of such departure, (ii) provide the Bank with prompt notice as to the officer or employee who will be acting in the capacity of such office for purposes of taking actions under the Loan Documents, and (iii) keep the Bank reasonably informed, and in any event no less than monthly, as to the Borrower’s efforts to fill such position or its determination as to the officers or employees who will fulfill the duties otherwise associated with such office.
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Changes in Senior Management. Charxxx X. Xxxxxx xxxll cease to be a member of senior management or both Donaxx X. Xxxxxxxxx xxx Jamex XxXxxxx xxxll cease to be members of senior management within any period of twelve consecutive months."
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Changes in Senior Management. Any change in the identity of the members of Senior Management.
Sample 1
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Changes in Senior Management. The failure of one of John Walker or Mark Kaplan to function as chief executive officxx xx Xxxxxxxx, xxxxxx xxxlaced within 10 days thereafter with a chief executive officer or chief restructuring officer acceptable to Agent and Majority Lenders.
Sample 1
Changes in Senior Management. The Borrower will not change its senior management without the prior written consent of the Lender.
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Related to Changes in Senior Management

  • Changes in Management Except as disclosed in the Registration Statement, the General Disclosure Package and the Prospectus, none of the persons who were officers or directors of the Company as of the date of the Pre-Pricing Prospectus has given oral or written notice to the Company or any of its subsidiaries of his or her resignation (or otherwise indicated to the Company or any of its subsidiaries an intention to resign within the next 24 months), nor has any such officer or director been terminated by the Company or otherwise removed from his or her office or from the board of directors, as the case may be (including, without limitation, any such termination or removal which is to be effective as of a future date) nor is any such termination or removal under consideration by the Company or its board of directors.

  • Changes in Service This Agreement is made in good faith based upon the present and projected conditions and the quality of the equipment and/or Property, as well as its present ownership and management. Should changes in any of these elements occur which the Judicial Council believes may adversely affect the Program, the Judicial Council reserves the right to renegotiate this Agreement or terminate pursuant to the termination for cause provision, as set forth herein, without penalty or prejudice.

  • IRO Independence and Objectivity The IRO must perform the Claims Review in a professionally independent and objective fashion, as defined in the most recent Government Auditing Standards issued by the U.S. Government Accountability Office.

  • Change Management BellSouth provides a collaborative process for change management of the electronic interfaces through the Change Control Process (CCP). Guidelines for this process are set forth in the CCP document as amended from time to time during this Agreement. The CCP document may be accessed via the Internet at xxxx://xxx.xxxxxxxxxxxxxxx.xxxxxxxxx.xxx.

  • CHANGES IN SCOPE Any changes in the scope of the Services to be performed under this Contract shall be in the form of a written amendment to this Contract, mutually agreed to and signed by both parties, specifying any such changes, fee adjustments, any adjustment in time of performance, or any other significant factors arising from the changes in the scope of Services.

  • Changes in Fiscal Year Make any change in its fiscal year; provided, however, that the Borrower may, upon written notice to the Administrative Agent, change its fiscal year to any other fiscal year reasonably acceptable to the Administrative Agent, in which case, the Borrower and the Administrative Agent will, and are hereby authorized by Lenders to, make any adjustments to this Agreement that are necessary to reflect such change in fiscal year.

  • Orientation and In-Service Program The Hospital recognizes the need for a Hospital Orientation Program of such duration as it may deem appropriate taking into consideration the needs of the Hospital and the nurses involved.

  • No Changes in Fiscal Year The fiscal year of the Borrower and its Subsidiaries ends on December 31 of each year; and the Borrower shall not, nor shall it permit any Subsidiary to, change its fiscal year from its present basis.

  • Termination for Changes in Budget or Law The JBE’s payment obligations under this Agreement are subject to annual appropriation and the availability of funds. Expected or actual funding may be withdrawn, reduced, or limited prior to the expiration or other termination of this Agreement. Funding beyond the current appropriation year is conditioned upon appropriation of sufficient funds to support the activities described in this Agreement. The JBE may terminate this Agreement or limit Contractor’s Services (and reduce proportionately Contractor’s fees) upon Notice to Contractor without prejudice to any right or remedy of the JBE if: (i) expected or actual funding to compensate Contractor is withdrawn, reduced or limited; or (ii) the JBE determines that Contractor’s performance under this Agreement has become infeasible due to changes in applicable laws.

  • Management of Change a. The parties to this Collective Agreement accept that change in the health service is necessary in order to ensure the efficient and effective delivery of health services. They recognise a mutual interest in ensuring that health services are provided efficiently and effectively, and that each has a contribution to make in this regard.‌ b. Regular consultation between the employer, its midwives and the union is essential on matters of mutual concern and interest. Effective communication between the parties will allow for: • improved decision making; • greater co-operation between employer and midwives; and • a more harmonious, effective, efficient, safe and productive workplace.

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