Common use of Management Determination Clause in Contracts

Management Determination. The relevant German Guarantor shall provide a written substantiated confirmation to the Agent within 15 (fifteen) Business Days following a Lender’s demand under the Guarantee to what extent the demanded payment would lead to the occurrence of a Capital Impairment (the Management Determination).

Appears in 3 contracts

Sources: Facilities Agreement, Facilities Agreement (MiX Telematics LTD), Facilities Agreement (PowerFleet, Inc.)

Management Determination. The relevant German Guarantor shall provide a written substantiated confirmation to the Facility Agent within 15 (fifteen) Business Days following a Lenderthe Facility Agent’s demand under the Guarantee to what extent the demanded payment would lead to the occurrence of a Capital Impairment (the Management Determination).

Appears in 1 contract

Sources: Facility Agreement (Powerfleet, Inc.)

Management Determination. The relevant German Guarantor shall provide a written substantiated confirmation to the Agent Lenders within 15 (fifteen) Business Days following a Lender’s demand under the Guarantee to what extent the demanded payment would lead to the occurrence of a Capital Impairment (the Management Determination).

Appears in 1 contract

Sources: First Amendment and Restatement Agreement (Powerfleet, Inc.)