Management Changes. Notify the Agent in writing within thirty (30) days after any change of its executive officers.
Management Changes. The Chairman of the Board or the chief executive officer of the Company resigns, is terminated or otherwise ceases to act for any reason, and such officer of the Company is not replaced with a person reasonably satisfactory to the Majority Banks within six (6) months after he ceases to hold such position.
Management Changes. During any period of twelve (12) consecutive calendar months, individuals who were directors or trustees of PPT on the first day of such period shall cease to constitute a majority of the board of directors of PPT; provided, however, that the directors or trustees of PPT may include new or replacement directors or trustees that (a) are an officer or employee of an Affiliate, (b) are required in order (as a practical matter) for the majority of the board of directors or trustees of PPT to be independent directors or trustees, or (c) are independent directors or trustees that are replacing another independent director or trustee whose term has expired or who has voluntarily resigned.
Management Changes. Borrowers will notify Administrative Agent in writing within thirty (30) calendar days after any change (including, without limitation, any dismissal or change in title or status) in the executive personnel of any Borrower.
Management Changes. Prompt written notice of any new appointments to the offices of the president, chief executive officer, chairman, chief financial officer or vice president of finance of any Borrower;
Management Changes. Notify Agent in writing within ten (10) ------------------ Business Days after any change of its Executive Officers.
Management Changes. Borrower shall notify Lender in writing within 20 days after any change (including any dismissal or change in title or status) in the senior management personnel of Borrower or XXX Xxxxxxxx.
Management Changes. Following the closing of the Transactions, Xxxxxx Xxxxxx shall remain as the Executive Chairman of the Purchaser for a minimum period of one year, Xxx Xxxxxx will be appointed as the President and Chief Executive Officer of the Purchaser and Xxxxx Xxxxxxxx will be appointed as the Chief Financial Officer of the Purchaser, in each case pursuant to the employment agreements referenced in Section 5.1(6)(b) of this Agreement. Following the closing of the Transactions, subject to her agreement, Xxx Xxxxxxxxx shall also be employed by the Purchaser as V.P. Marketing through the terms of a new employment agreement in such form as the parties and Xxx Xxxxxxxxx may agree upon.
Management Changes. Provide Lenders with written notice within thirty (30) days of appointments to the offices of the president, chairman, chief executive officer or chief financial officer of such Loan Party.
Management Changes. The Borrower Representative shall notify the Administrative Agent immediately of any changes in the personnel holding the positions of Chairperson, President, Chief Executive Officer or Chief Financial Officer of any of the Loan Parties.
