Key Person Event means a “Key Person Event” as defined in the Operating Agreement.
Key Person Event means at any time during the Commitment Period (i) [ ]4 ceases to devote time and attention for any reason, including death, disability or retirement, as required under Section 9.2 (Time and Attention) to the Fund[, the Prior Funds] and any Successor Fund permitted in accordance with this Agreement; or (ii) there is a Change of Control.
Key Person Event shall have the meaning set forth in Section 5.6.
Examples of Key Person Event in a sentence
Each Loan Party shall promptly notify Administrative Agent in writing upon becoming actually aware of the occurrence of a Key Person Event and the failure of the Advisory Committee of the Fund to appoint a replacement Key Person pursuant to the terms of the Partnership Agreement (a “Notice of Key Person Event”).
More Definitions of Key Person Event
Key Person Event. As defined in Schedule A.
Key Person Event shall have the meaning set forth in the Partnership Agreement. “Lender” shall have the meaning set forth in the preamble.
Key Person Event means that (a) the Key Person (i) ceases to hold the office of chief executive officer (or equivalent) of Parent or fails to be directly and actively involved in the day to day management and direction of Parent and its Subsidiaries and a successor reasonably acceptable to the Lenders shall not have been appointed within 90 days of such cessation, or (ii) becomes or is an employee, manager or officer of any entity other than Parent and its Subsidiaries and (b) Xxx Xxxxx is no longer serving as the Chairman of the Board of Parent.
Key Person Event shall have the meaning given to such term in the Subscription Agreement.
Key Person Event means the termination or resignation of any of the employees or Persons identified on Schedule 6 that are not replaced with Persons acceptable to Administrative Agent within 90 days from the date of termination or resignation.
Key Person Event means the occurrence, after the Amendment Effective Date, of each of the following events: (i) the termination or resignation of each of the officers holding the positions of Chief Executive Officer and Chief Operating Officer as of the Amendment Effective Date, (ii) the failure by Holdings to replace each such officer with a replacement officer acceptable to the Requisite Lenders in their Permitted Discretion within ninety (90) days after the second such termination or resignation, and (iii) the delivery by the Administrative Agent of written notice to Company after such ninety (90) day period notifying Company that a “Key Person Event” has occurred.
Key Person Event has the meaning specified in Section 6.3 of the Fund LLC Agreement.