Key Management. The Borrower shall employ Xxxxxxxx X. XxXxxxxx as President and Chief Executive Officer, and shall use its best efforts to cause such key manager to continue to serve in such capacity. In the event of the voluntary or involuntary termination of the key manager for any reason, the Borrower shall, as soon as practicable, replace such individual with another qualified manager with comparable management skills and experience in the Borrower’s industry and reasonably satisfactory to the Bank.
Appears in 1 contract
Samples: Credit Agreement (Universal Stainless & Alloy Products Inc)
Key Management. The Borrower shall employ Xxxxxxxx X. XxXxxxxx as individuals in the key management positions of Chairman, President and Chief Executive Officer, Financial Officer and shall use its best efforts to cause such key manager managers to continue to serve in such capacitytheir respective capacities. In the event of the voluntary or involuntary termination of the any key manager for any reason, the Borrower shall, as soon as practicable, replace such individual with another qualified manager with comparable management skills and experience in the Borrower’s industry 's industries and reasonably satisfactory to the BankAgents.
Appears in 1 contract
Key Management. The Borrower shall employ Xxxxxxxx X. -------------- XxXxxxxx as President and Chief Executive Officer, and shall use its best efforts to cause such key manager to continue to serve in such capacity. In the event of the voluntary or involuntary termination of the key manager for any reason, the Borrower shall, as soon as practicable, replace such individual with another qualified manager with comparable management skills and experience in the Borrower’s 's industry and reasonably satisfactory to the Bank.
Appears in 1 contract
Samples: Credit Agreement (Universal Stainless & Alloy Products Inc)
Key Management. The Borrower shall employ Xxxxxxxx X. XxXxxxxx as individuals in the key management positions of President and Chief Executive OfficerFinancial Officer (or equivalent officer), and shall use its best efforts to cause such key manager managers to continue to serve in such capacityits respective capacities. In the event of the voluntary or involuntary termination of the any key manager for any reason, or the death or incapacity of any key manager, the Borrower shall, as soon as practicable, replace such individual with another qualified manager with comparable management skills and experience in the Borrower’s industry and reasonably satisfactory to the Bank's industry.
Appears in 1 contract