Common use of Change of Management Clause in Contracts

Change of Management. If (i) N▇▇▇ ▇▇▇▇▇▇ ceases to be employed as, and actively perform the duties of, the chief executive officer of Holdings, or (ii) C▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ceases to be employed as, and actively perform the duties of, the vice president of finance of Holdings, in each case unless a successor is appointed within ninety (90) days after the termination of such individual’s employment and such successor is reasonably satisfactory to Agent;

Appears in 4 contracts

Sources: Loan and Security Agreement (Rubicon Technologies, Inc.), Loan and Security Agreement (Rubicon Technologies, Inc.), Subordination Agreement (Rubicon Technologies, Inc.)

Change of Management. If (i) N▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ceases to be employed as, and actively perform the duties of, the chief executive officer of Holdings, or (ii) C▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ceases to be employed as, and actively perform the duties of, the vice president of finance of Holdings, in each case unless a successor is appointed within ninety (90) days after the termination of such individual’s employment and such successor is reasonably satisfactory to Agent;

Appears in 2 contracts

Sources: Loan and Security Agreement (Rubicon Technologies, Inc.), Loan and Security Agreement (Rubicon Technologies, Inc.)

Change of Management. If (i) NP▇▇▇ ▇▇▇▇▇▇ ceases to be employed as, and actively perform the duties of, the chief executive officer of Holdings, or (ii) C▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ceases to be employed as, and actively perform the duties of, the vice president of finance of Holdings, in each case unless a successor is appointed within ninety (90) days after the termination of such individual’s employment and such successor is reasonably satisfactory to Agent;

Appears in 2 contracts

Sources: Loan and Security Agreement (Rubicon Technologies, Inc.), Loan and Security Agreement (Rubicon Technologies, Inc.)

Change of Management. If If (i) N▇▇▇ ▇▇▇▇▇▇ ceases to be employed as, and actively perform the duties of, the chief executive officer of Holdings, or (ii) C▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ceases to be employed as, and actively perform the duties of, the vice president of finance of Holdings, in each case unless a successor is appointed within ninety (90) days after the termination of such individual’s employment and such successor is reasonably satisfactory to Agent;

Appears in 1 contract

Sources: Loan and Security Agreement (Rubicon Technologies, Inc.)