Change in Management. The Borrower shall not permit any Change of Management. For purposes of this Section 7.2.7, “Change of Management” shall mean that any of ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇., ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ and ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ 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.
Appears in 2 contracts
Sources: First Lien Credit Agreement (Energy Xxi (Bermuda) LTD), First Lien Credit Agreement (Energy Xxi (Bermuda) LTD)
Change in Management. The Borrower shall not permit any Change of Management. For purposes of this Section 7.2.7, “Change of Management” shall mean that any of ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇., ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ and or ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ cease to be the Chief Executive Officer, the President 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.
Appears in 2 contracts
Sources: Second Lien Credit Agreement (Energy Xxi (Bermuda) LTD), Second Lien Credit Agreement (Energy Xxi (Bermuda) LTD)
Change in Management. The Borrower shall not permit any Change of Management. For purposes of this Section 7.2.7, “Change of Management” shall mean that any of ▇J▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇., ▇S▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ and ▇D▇▇▇▇ ▇▇▇▇ ▇G▇▇▇▇▇▇ 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.
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