Common use of Maintenance of Management Clause in Contracts

Maintenance of Management. Borrower will cause 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 Required Lenders: Person Position Xxxxxxx Xxxxx President and Chief Executive Officer Xxxxxxx 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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Maintenance of Management. Borrower will cause 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 Required LendersBank: Person Position Xxxxxxx Xxxxx Xxxxxx President and Chief Executive Officer Xxxxxxx Xxxx Xxxxx Treasurer and Chief Financial Officer Xxxxxxx Xxxxxxx Chief Operating OfficerNotwithstanding 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. Borrower The Borrowers will cause its their 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 Required LendersBank: Person Position Xxxxxxxx X. Xxxxxxxx Chairman Xxxxxx X. Xxxxxxxxx President Xxxxxxx Xxxxx President and Chief Executive Officer Xxxxxxx Xxxxx X. Xxxxxxx, Xx. Chief Financial Officer Xxxxxxx Xxxxxxx Chief Operating Officer

Appears in 1 contract

Samples: Loan and Security Agreement (Berger Holdings LTD)

Maintenance of Management. Borrower will cause 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 Required LendersBank: Person Position Xxxxxxx Xxxxx Xxxxx, Jr. President and Chief Executive Officer Xxxxxx Xxxxxxx Xxxxx Treasurer and Chief Financial Officer Xxxxxxx Xxxxxxx Chief Operating OfficerNotwithstanding 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. Borrower will cause 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 Required LendersBank: Person Position Xxxxxxx Xxxxx President and Chief Executive Officer Xxxxxxx 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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