Senior Management. The Macerich Partnership and MAC shall cause Art Xxxxxxx and either Xx Xxxxxxx or Xxxxxx X. X’Xxxx to remain part of their senior management until the indefeasible payment in full of the Obligations. In the event of death, incapacitation, retirement, or dismissal of any of these individuals, Macerich Partnership and MAC shall have 180 calendar days thereafter in which to retain a senior management replacement reasonably acceptable to the Required Lenders.
Appears in 3 contracts
Samples: Revolving Loan Facility Credit Agreement (Macerich Co), Revolving Loan Facility Credit Agreement (Macerich Co), Revolving Loan Facility Credit Agreement (Macerich Co)
Senior Management. The Macerich Partnership and MAC shall cause Art Xxxxxxx and either Xx Xxxxxxx or Xxxxxx X. X’Xxxx X'Xxxx to remain part of their senior management until the indefeasible payment in full of the Obligations. In the event of death, incapacitation, retirement, or dismissal of any of these individuals, Macerich Partnership and MAC shall have 180 calendar days thereafter in which to retain a senior management replacement reasonably acceptable to the Required Lenders.
Appears in 3 contracts
Samples: Credit Agreement (Macerich Co), Credit Agreement (Macerich Co), Credit Agreement (Macerich Co)
Senior Management. The Macerich Partnership and MAC shall cause Art Xxxxxxx and either Xx Xxxxxxx or Xxxxxx X. X’Xxxx to remain part of their senior management until the indefeasible payment in full of the Obligations. In the event of death, incapacitation, retirement, or dismissal of any of these individuals, the Macerich Partnership and MAC shall have 180 calendar days thereafter in which to retain a senior management replacement reasonably acceptable to the Required Lenders.
Appears in 2 contracts
Samples: Term Loan Facility Credit Agreement (Macerich Co), Term Loan Facility Credit Agreement (Macerich Co)
Senior Management. The Macerich Partnership and MAC shall cause Art Xxxxxxx and either Xx Xxxxxxx or Xxxxxx X. X’Xxxx to remain part of their senior management until the indefeasible payment in full of the Obligations. In the event of death, incapacitation, retirement, or dismissal of any of these individuals, Macerich Partnership and MAC shall have 180 calendar days thereafter in which to retain a senior management replacement reasonably acceptable to the Required Lenders.
Appears in 1 contract
Samples: Credit Agreement (Macerich Co)
