Common use of Maintenance of Management Clause in Contracts

Maintenance of Management. The Borrowers will cause their business to be managed by the following persons in the positions described below or such other persons (serving in such positions) as may be reasonably satisfactory to the Bank: Person Position Xxxxxxxx X. Xxxxxxxx Chairman Xxxxxx X. Xxxxxxxxx President Xxxxxxx X. Xxxxxxx, Xx. Chief Financial Officer

Appears in 1 contract

Samples: Loan and Security Agreement (Berger Holdings LTD)

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Maintenance of Management. The Borrowers Borrower will cause their its business to be continuously managed by the following persons in the positions described below or such other persons (serving in such positions) as may be reasonably satisfactory to the Bank: Person Position Xxxxxxxx X. Xxxxxxxx Chairman Xxxxx Xxxxxx X. Xxxxxxxxx President Xxxxxxx X. Xxxxxxx, Xx. and Chief Executive Officer Xxxx Xxxxx Treasurer and Chief Financial OfficerOfficer Notwithstanding the foregoing, in the event any member of the Management Group is no longer employed by the Borrower for any reason, Borrower agrees to replace such member with a member reasonably satisfactory to Bank.

Appears in 1 contract

Samples: Loan and Security Agreement (Intest Corp)

Maintenance of Management. The Borrowers Borrower will cause their its business to be continuously managed by the following persons in the positions described below or such other persons (serving in such positions) as may be reasonably satisfactory to the BankRequired Lenders: Person Position Xxxxxxxx X. Xxxxxxxx Chairman Xxxxxx X. Xxxxxxxxx Xxxxxxx Xxxxx President and Chief Executive Officer Xxxxxxx X. Xxxxxxx, Xx. Xxxxx Chief Financial Officer Xxxxxxx Xxxxxxx Chief Operating Officer

Appears in 1 contract

Samples: Loan and Security Agreement (Access to Money, Inc.)

Maintenance of Management. The Borrowers Borrower will cause their its business to be continuously managed by the following persons in the positions described below or such other persons (serving in such positions) as may be reasonably satisfactory to the Bank: Person Position Xxxxxxxx X. Xxxxxxxx Chairman Xxxxxxx Xxxxx, Jr. President and Chief Executive Officer Xxxxxx X. Xxxxxxxxx President Xxxxxxx X. Xxxxxxx, Xx. Treasurer and Chief Financial OfficerOfficer Notwithstanding the foregoing, in the event any member of the Management Group is no longer employed by the Borrower for any reason, Borrower agrees to replace such member with a member reasonably satisfactory to Bank.

Appears in 1 contract

Samples: Loan and Security Agreement (Intest Corp)

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Maintenance of Management. The Borrowers Borrower will cause their its business to be continuously managed by the following persons in the positions described below or such other persons (serving in such positions) as may be reasonably satisfactory to the Bank: Person Position Xxxxxxxx X. Xxxxxxxx Chairman Xxxxxx X. Xxxxxxxxx Xxxxxxx Xxxxx President and Chief Executive Officer Xxxxxxx X. Xxxxxxx, Xx. Xxxxx Chief Financial Officer Xxxxxxx Xxxxxxx Chief Operating Officer

Appears in 1 contract

Samples: Loan and Security Agreement (Access to Money, Inc.)

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