Management Change means the occurrence of any event or the making of any changes affecting the structure of a Fund, its management, its material service providers, its reputation or solvency and/or the structure of, or rights attaching to, any shares in the capital of a Fund, which, in the reasonable opinion of the Calculation Agent is likely to have a significant impact on the value of the Fund Interests of such Fund, whether immediately or later;
Management Change means that (i) the Chief Executive Officer of the Company (or, if (x) the Company becomes a subsidiary of any other company, the Chief Executive Officer of the Company's ultimate parent company, or (y) if clause (x) does not apply and the Company has been merged or consolidated or has sold all or substantially all of its assets, the Chief Executive Officer of the acquiring or surviving company) is not Xxxx X.
Management Change means the termination or replacement of either the current Chief Executive Officer or Chief Operating Officer followed by the hiring or selection of a replacement for either such position during the term of this Agreement. The effective date of a Management Change shall be the date the Company employs or selects a replacement for either the current Chief Executive Officer or Chief Operating Officer.
Examples of Management Change in a sentence
Assisted Upgrades: o Includes upgrade tasks and guidance / expertise only; o Does not include costs associated with Travel & Accommodation or directly undertaking customer specific User Acceptance Testing, Project Management, Change Management, or performing configuration tasks that are not strictly required for the upgrade process to complete successfully.
ISMS Framework (ISO 27001:2005): The selected bidder and the team shall abide by the ISMS framework of the Company which includes Incident Management, Change Management, Capacity Management, Configuration Management etc.
Notwithstanding the foregoing, a Change in Control shall not be deemed to occur in the event of a Management Change in Control.
DCO takes care of the oversight of the Hosting Centers and the Telecommunication Switch Rooms (HVAC, electrical, receipt of equipment and salvage) and Hosting Center Services: SOM DTMB Incident Management, Problem Management, Change Management, Service Management Operations and Disaster Recovery Planning.
The applicant must have:• Leading competencies: Strategic Direction and Leadership; People Management, Program and Project Management; Financial management; Change Management; Change leadership; Governance leadership.• Core Competencies: Moral competence; Planning and organising; Analysis and innovation; Knowledge and information management; Communication; Results and quality focus.• Minimum competency requirements for Senior Managers.
More Definitions of Management Change
Management Change. Failure for any reason of Xxxxxxx or Xxxxxx to ----------------- devote a substantial amount of his respective time to the management and operation of the Company's and its subsidiaries' rural telephone business, unless within 60 days of such Person ceasing to devote such time to the management and operation of such business an individual has been designated to replace such Person by MJD Partners and such individual has been agreed to by the Investor Stockholders in their sole discretion.
Management Change means the assignment of each of the Funds’ management services, investment advisory or investment management agreements (including the rights of ACM as “Manager” of ASI Hark III Series Fund, LLC) from ACM to the Buyer or one of its Affiliates;
Management Change means, with respect to each Client, the assignment (as such term is defined in the Investment Advisers Act of 1940 and, as applicable, the Investment Company Act of 1940) of its IAA resulting from the change in control of the Company and its Subsidiaries pursuant to this Agreement.
Management Change. (a) Xxxxxx X. Xxxxxxxx or (b) any two or more of the following individuals Xxxxxxx X. Xxxxxxxxxx, Xxxxxx X. Xxxxxxxx and Dev Ganesan, ceasing to be active full time in the management of ACS Inc. and such Person or such Persons not being replaced to the reasonable satisfaction of the Majority Lenders within ninety (90) days of any such Person ceasing to be so active.
Management Change. Xxxxxx X. Xxxxxxxx or (b) any two or more of the following individuals Xxxxxxx X. Xxxxx, Xxxxxx X. Xxxxxxxx and Dev Ganesan, ceasing to be active full time in the management of ACS Inc. and such Person or such Persons not being replaced to the reasonable satisfaction of the Majority Lenders within ninety (90) days of any such Person ceasing to be so active. "Material Adverse Amount": an amount payable by ACS Inc. and/or its Subsidiaries in excess of $500,000 for remedial costs, non-routine compliance costs, compensatory damages, punitive damages, fines, penalties or any combination thereof. "Material Adverse Effect": a material adverse effect on (a) the business, operations, property, financial condition or prospects of a Borrower and its Subsidiaries taken as a whole, (b) the validity or enforceability of this or any of the other Loan Documents or (c) the rights or remedies of the Agent or the Lenders hereunder or under any of the other Loan Documents. "Materials of Environmental Concern": any gasoline or petroleum (including crude oil or any fraction thereof) or petroleum products or any hazardous or toxic substances, materials or wastes, defined or regulated as such in or under any Environmental Law, including, without limitation, asbestos, polychlorinated biphenyls and urea-formaldehyde insulation. "Maturity Date": February 28, 2002. "Moody's": Xxxxx'x Investors Service, Inc. "Multiemployer Plan": a Plan which is a multiemployer plan as defined in Section 4001(a)(3) of ERISA. "Net Proceeds": with respect to any Net Proceeds Event, (a) the gross cash consideration, and all cash proceeds (as and when received) of non-cash consideration (including, without limitation, any such cash proceeds in the nature of principal and interest payments on account of promissory notes or similar obligations), received by a Borrower and its Subsidiaries in connection with such Net Proceeds Event, minus the sum, without duplication, of (i) any taxes which are paid or actually payable to any federal, state, local or foreign taxing authority by a Borrower and its Subsidiaries and are directly attributable to the receipt of such Net Proceeds, (ii) the amount of fees and commissions (including reasonable investment banking fees), legal, accounting, consulting, survey, title and recording tax expenses and other costs and expenses directly incident to such Net Proceeds Event which are paid or payable by a Borrower and its Subsidiaries to unrelated and unaffiliated third parties,...
Management Change has the meaning set out in Section 6.11(ii); “Management Fee” has the meaning set out in Section 7.01(x);
Management Change means a change in the persons comprised in the core management team of the Group as at the date of this Agreement save as replaced by persons within six Months approved in writing by the Administrative Agent or as previously agreed by the Administrative Agent in writing and where such change involves the loss to or departure from the Group within any six Month period of two of the current Chief Executive Officer, the Chief Operating Officer and the Chief Financial Officer, the current persons holding such positions being named in Part II of Schedule 10 (Current CEO, COO and CFO).