Common use of Executive Pay Clause in Contracts

Executive Pay. (a) The only Executive Officers of the Borrower, at the execution of this Agreement, are those individuals referenced in the definition of "Executive Officers". (b) Prior to the execution of this Agreement, the Borrower furnished the Lender with copies of all written Executive Agreements and outlines of the salient features of all unwritten Executive Agreements (as amended to date) then in existence. There are no unwritten agreements or understandings between the Borrower and any Executive Officer which relate to Executive Pay, written disclosure of which has not been made to the Lender. (c) Except for the hiring of a president and/or a general manager, the Borrower will not: (i) Enter into any Executive Agreement not existing at the execution of this Agreement. (ii) Alter, amend, supplement, or otherwise change any Executive Agreement. (iii) Pay, provide, or facilitate any Executive Pay other than as provided in an Executive Agreement or, if not covered by an Executive Agreement, as permitted pursuant to Section 5-21, above.

Executive Pay. (a) The only Executive Officers of the Borrower, at the execution of this Agreement, are those individuals referenced in the definition of "Executive Officers". (b) Prior to the execution of this Agreement, the Borrower furnished the Lender with copies of all written Executive Agreements and outlines of the salient features of all unwritten Executive Agreements (as amended to date) then in existence. There are no material unwritten agreements or understandings between the Borrower and any Executive Officer which relate to Executive Pay, written disclosure of which has not been made to the Lender. (c) Except for the hiring of a president and/or a general manager, the The Borrower will notnot without the prior consent of the Borrower's compensation committee: (i) Enter into any Executive Agreement not existing at the execution of this Agreement. (ii) Alter, amend, supplement, or otherwise change any Executive Agreement. (iii) Pay, provide, or facilitate any Executive Pay other than as provided in an Executive Agreement or, if not covered by an Executive Agreement, as permitted pursuant to Section 5-21, above.

Executive Pay. (a) The only Executive Officers of the Borrower, at the execution of this Agreement, are those individuals referenced in the definition of "Executive Officers". (b) Prior to the execution of this Agreement, the Borrower furnished the Lender with copies of all written Executive Agreements and outlines of the salient features of all unwritten Executive Agreements (as amended to date) then in existenceextant. There are no unwritten agreements or understandings between the Borrower and any Executive Officer which relate to Executive Pay, written disclosure of which has not been made to the Lender. (c) Except for the hiring Subject to replacement of a president and/or a general managerany existing Executive Officer, the Borrower will not: (i) Enter into any Executive Agreement not existing at the execution of this Agreement. (ii) Alter, amend, supplement, or otherwise change any Executive Agreement. (iii) Pay, provide, or facilitate any Executive Pay other than as provided in an Executive Agreement or, if not covered by an Executive Agreement, as permitted periled pursuant to Section 5-215.21, above.

Executive Pay. (a) The only Executive Officers of the Borrower, at the execution of this the within Agreement, are those individuals referenced in the definition of "Executive Officers". (b) Prior to the execution of this the within Agreement, the Borrower furnished the Lender with copies of all written Executive Agreements and outlines of the salient features of all unwritten Executive Agreements (as amended to date) then in existenceextant. There are no unwritten agreements or understandings between the Borrower and any Executive Officer which relate to Executive Pay, written disclosure of which has not been made to the Lender. (c) Except for the hiring of a president and/or a general manager, the The Borrower will not, unless approved by its Board of Directors: (i) Enter into any Executive Agreement not existing at the execution of this the within Agreement. (ii) Alter, amend, supplement, or otherwise change any Executive Agreement. (iii) Pay, provide, or facilitate any Executive Pay other than as provided in an Executive Agreement or, if not covered by an Executive Agreement, as permitted pursuant to Section 5-21, above.