Common use of Key Person Event Clause in Contracts

Key Person Event. If Xxxxxx Xxxxxxx ceases to be employed full time by the Borrower and actively working as its President and Chief Executive Officer, unless within 120 days after such Person ceases to be employed full time and actively working, the Borrower hires a replacement for such individual reasonably acceptable to the Lender.

Key Person Event. If Xxxxxx Xxxxxxx Xxxxxxxxx ceases to be employed full time by the Borrower and actively working as its the President and Chief Executive Officer, unless within 120 days after such Person individual ceases to be employed full time and actively working, working the Borrower hires a replacement for such individual reasonably acceptable to the Lender.

Key Person Event. If either of Xx. Xxxxxxx Xxxxxxxxxx or Xxxxxxxx Xxxxxx Xxxxxxx ceases to be employed full time by the Borrower and actively working as its President the Chief Executive Officer and Chief Executive Technology Officer, as applicable, unless within 120 180 days after such Person individual ceases to be employed full time and actively working, working the Borrower hires a replacement for such individual reasonably acceptable to the Lender.

Key Person Event. If Xxxxxx Xxxxxxx Xxxx Xxxxx ceases to be employed full time by the Borrower and actively working as its the President and Chief Executive Officer, unless within 120 180 days after such Person individual ceases to be employed full time and actively working, working the Borrower hires a replacement for such individual reasonably acceptable to the Lender.

Key Person Event. If Jxxx Xxxxxx Xxxxxxx ceases to be employed full time by both the Borrower and Holdco and actively working as its President and Chief Executive OfficerOfficer of each such Person, unless within 120 30 days after such Person individual ceases to be employed full time and actively working, working as President and Chief Executive Officer of each such Person the Borrower or Holdco, as the case may be, hires a replacement for such individual reasonably acceptable to approved by the LenderLender in its sole discretion.

Key Person Event. If Xxxxxx Xxxxx Xxxxxxx (or any replacement described below) ceases to be employed full time by the Borrower and actively working as its President and Chief Executive Officer, unless within 120 days after such Person ceases to be employed full lull time and actively working, the Borrower (i) names an interim Chief Executive Officer or (ii) hires a replacement for such individual individual, in each case, reasonably acceptable to the LenderRequired Lenders.

Key Person Event. If Jxxx Xxxxxx Xxxxxxx ceases to be employed full time by both the Borrower and Parent and actively working as its President and Chief Executive OfficerOfficer of each such Person, unless within 120 30 days after such Person individual ceases to be employed full time and actively working, working as President and Chief Executive Officer of each such Person the Borrower or Parent, as the case may be, hires a replacement for such individual reasonably acceptable to approved by the LenderLender in its sole discretion.

Key Person Event. If Xxxxxx Xxxxxxx any of the following individuals ceases to be employed full time by Parent or the Borrower and actively working in the identified position: Xxxxxxx XxXxxxxxx, as its President and Chief Executive Officer, unless within 120 days after such Person individual ceases to be employed full time and actively workingworking in such position, the Borrower hires a replacement for such individual that is reasonably acceptable to the LenderAdministrative Agent and the Lenders, confirmation of such acceptability not to be unreasonably conditioned, withheld or delayed.

Key Person Event. If Xxxxxx Xxxxxxx any of the following individuals ceases to be employed full time by the Borrower and actively working in the identified position: Xxx Xxxxxxx, as its President and Chief Executive Officer, unless within 120 days after such Person individual ceases to be employed full time and actively workingworking in such position, the Borrower hires a replacement for such individual that is reasonably acceptable to the LenderAdministrative Agent and the Lenders.