Change of Management means that Xxxxx Xxxx’x direct or indirect management responsibilities of Lead Borrower are materially diminished from those held by him as of the Closing Date, in each case, other than as a result of (a) death or (b) physical or mental incapacity.

Change of Management shall occur if both (i) Xxxx X. Xxxxx ceases to act as President and Chief Executive Officer, and (ii) Xxxxx X. Xxxxxxx ceases to act as Senior Vice President and Secretary of Xxxxxx, other than as a result of death, disability or normal retirement of either.

Change of Management shall be deemed to have occurred if Investment Adviser ceases to be the Qualified Investment Adviser of Borrower.

Examples of Change of Management in a sentence

She has attended several Leadership, HR and Credit Seminars including HR Strategy in Transforming Organizations (London Business School) and Managing Change & Change of Management in Asia (INSEAD Singapore Campus).
If a Change of Ownership Event or a Change of Management Event shall occur.
Upon the completion of a Change of Control pursuant to paragraphs (i), (ii) or (iv) of such definition and a Change of Management, but without any requirement that such Change of Control pursuant to paragraphs (i), (ii) or (iv) of such definition and such Change of Management occur contemporaneously, and subject to the provisions and conditions of this Section 2.3(m), holders of Debentures have a right to require the Corporation to redeem their Debentures.
Borrower shall notify the Agent prior to any Change of Management.
Principals arekey role players in modelling reading to learners and inculcating a positive reading attitude in them.

More Definitions of Change of Management

Change of Management means that any of Xxxx Xxxxxx Xxxxxxxx, Xx., Xxxxxx Xxxxxx Xxxxx and Xxxxx Xxxx Xxxxxxx cease to be the Chief Executive Officer, the President or the Chief Financial Officer, respectively, of the Parent (except as a result of the death or disability of such Person) and a successor reasonably acceptable to the Administrative Agent and the Required Lenders is not appointed within one hundred eighty (180) days thereafter.

Change of Management means the circumstance where the Chief Executive Officer of the Corporation on the Issuance Date is no longer actively employed as the most senior executive officer of the Corporation, or of the entity carrying on the business of the Corporation following completion of a Change of Control, as applicable.

Change of Management means Xxxxxx X. X’Xxxxx shall no longer have the duties of the Chairman of the Board of Directors of Borrower.

Change of Management means if any of the individuals performing the functions of the president or chief financial officer, respectively, on the Closing Date shall cease for any reason to perform such functions, whether by reason of death, disability, resignation, action by the board of directors or shareholders of Borrowers, or otherwise.

Change of Management means that the Principal cease to be actively involved in the day-to-day executive management of Loan Parties, either by death, disability, retirement, termination of employment or otherwise.

Change of Management means (a) that a majority of the Board of Directors of NCO Group shall be other than those who were directors on the date hereof; or (b) Xxxxxxx X. Xxxxxxx for any reason shall cease to serve as chief executive officer of NCO Group; provided, however, that the cessation of Xxxxxxx Xxxxxxx'x status as chief executive officer shall not fall within the definition of a Change of Management so long as a replacement is hired within ninety (90) calendar days of such cessation who is reasonably satisfactory to the Super Majority Lenders.