Changes in Management definition

Changes in Management. Notify Lender in writing of any proposed changes in Borrower's senior management including chief executive officer, chief financial officer and general manager, which shall be subject to the approval of the Lender and said approval shall not unreasonably be withheld.
Changes in Management means (i) the removal of a majority of the members of the Board of Directors of Kramont or (ii) the termination of the employment of Louix X. Xxxxxx, Xx., xx president and chief executive officer of Kramont, unless the Board of Directors of Kramont, within ninety (90) days of such termination, appoints an individual with qualifications sufficient to serve as the president and chief executive officer of Kramont, such appointment to be subject to the approval of Lender in its sole but reasonable judgment. "CHANGES IN Control" shall mean, (i) with respect to Kramont (A) the issuance in a public offering of shares of voting common stock, or (B) the issuance of units in its Operating Partnership which if fully redeemed into shares of voting common stock of Kramont would in either instance constitute a transfer of more than 50% of the issued and outstanding shares of voting common stock of Kramont and (ii) with respect to a Project, any transfer of ownership in the Project which would result in the Borrower owning less than the 51% of the ownership interest in the Project.
Changes in Management means removal of a majority of the members of the Board of Directors of CV Reit, Inc. or the termination of the employment of the president of CV Reit, Inc. "Changes in Control" shall mean, with respect to CV Reit, Inc. (i) the issuance in a public offering of shares of voting common stock, or (ii) the issuance of units in the operating partnership which if fully redeemed into shares of voting common stock of CV Reit, Inc. would in either instance constitute a transfer of more than 50% of the issued and outstanding shares of voting common stock of CV Reit, Inc.

Examples of Changes in Management in a sentence

  • Changes in Management terminate or replace such Borrower's Chief Executive Officer or Chief Financial Officer without the prior written consent of the Agent, such consent not to be unreasonably withheld, conditioned or delayed.

  • Santa Fe International Corporation Announces Changes in Management Dallas, December 1, 1999--Santa Fe International Corporation (NYSE:SDC) announced the following changes in management effective January 1, 2000, as approved by its Board of Directors: Seals M.

  • N/A = Not Applicable Changes in Management and Board Gordon Jang was appointed the Vice President of Finance and Accounting, effective April 4, 2017.

  • Phone260.969.3590 Fax www.steeldynamics.com Steel Dynamics Announces Changes in Management StructureDesigned to Support Future Growth InitiativesFORT WAYNE, INDIANA, April 16, 2007 — (NASDAQ-GS: STLD) Today Steel Dynamics announced changes in its management structure, effective May 1, to align operations management under two new business groups, each headed by an executive vice president.

  • HIGHLIGHTS FOR THE FOURTH QUARTER AND FULL YEAR 2017  Changes in Management As announced on October 27, 2017, the Company’s founder and former CEO, Robert Rucker, is serving as the interim CEO until the Company’s Board of Directors identifies a permanent replacement.

  • Plans for Crescent Financial Changes in Structure of the Board of Directors; Changes in Management.

  • See "Changes in Management" above for information concerning the changes in MarketU's management.

Related to Changes in Management

  • Change Management means the add-on module to the Programs that enables engineers to define network changes through one or more configuration templates. Those network changes can be applied to multiple devices and executed/rolled back automatically. The Change Management module enables engineers to verify the impact of the changes across the network to help ensure a safer change process.

  • Change in Management will occur if more than 50% of the Leadership Team is terminated and/or resigns within 12 months after the date of the occurrence of a Change of Control; provided, in each case, that termination and/or resignation of such officer will not include (i) a change in such officer’s status in the ordinary course of succession so long as such officer remains affiliated with the Manager or its Subsidiaries as an officer or director, or in a similar capacity, (ii) retirement of any officer or (iii) death or incapacitation of any officer.

  • Operational means that the system or sensor, at the time of the event, is active or can be activated/deactivated by the driver.

  • Supply Chain Management All aspects of supply chain management, from the initial sourcing phase through customer delivery (e.g., procurement, sourcing management, inventory management, catalog management, ordering/purchasing, invoice tracking, storefront/shopping cart, warehouse management, returns management, logistics/transportation).

  • Project Management The individuals appointed by each Party cf. clause 4.1 in the Agreement.

  • Service Change has the meaning set forth in Section 2(B) of the Agreement.

  • Stormwater management means the programs to maintain quality and quantity of stormwater runoff to pre-development levels.

  • 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.

  • Management means an activity inclusive of control and performed on a daily basis, by any person who is a principal executive officer of the company, by whatever name that person may be designated, and whether or not that person is a director.

  • Construction management at-risk means a project delivery method in which the District awards separate contracts, one for architectural and engineering services to design an infrastructure facility and the second to a construction manager at-risk for both construction of the infrastructure facility according to the design and construction management services.

  • Case management means a care management plan developed for a Member whose diagnosis requires timely coordination. All benefits, including travel and lodging, are limited to Covered Services that are Medically Necessary and set forth in the EOC. KFHPWA may review a Member's medical records for the purpose of verifying delivery and coverage of services and items. Based on a prospective, concurrent or retrospective review, KFHPWA may deny coverage if, in its determination, such services are not Medically Necessary. Such determination shall be based on established clinical criteria and may require Preauthorization.

  • Non-Management Director means any Person selected in accordance with Article IV of this Agreement who is not a Management Director.

  • Exit Management means the obligations and rights of the Parties to ensure a smooth transition of the Framework from the Contractor to the Authority or any Replacement Contractor as set out in Clause 44 (Exit Management) and Schedule 8 (Exit Management).

  • Business Critical means any function identified in any Statement of Work as Business Critical.