Change of Management. ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ shall cease to serve either as (a) Chairman of the Board of Directors of the Borrower or (b) President or other chief executive officer of the Borrower.
Appears in 2 contracts
Sources: Loan Agreement (Horton D R Inc /De/), Master Loan and Inter Creditor Agreement (Horton D R Inc /De/)
Change of Management. If
(i) ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ shall cease to serve either as (a) be the President and Chief Executive Officer of Borrower at any time or ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ shall cease to be the Chairman of the Board of Directors of at any time and (ii) such officer shall not have been replaced by a person selected by Borrower and reasonably acceptable to the Borrower or (b) President or other chief executive officer of the BorrowerLender.
Appears in 1 contract
Sources: Loan and Security Agreement (Delphax Technologies Inc)
Change of Management. ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ shall cease to serve either as (a) Chairman of the Board of Directors of the Borrower or (b) as President or other chief executive officer of the Borrower.
Appears in 1 contract
Change of Management. ▇▇▇▇Robe▇▇ ▇. ▇▇▇▇▇▇ shall ▇▇▇ll cease to serve either act as (a) President, Chairman of the Board of Directors and Chief Executive Officer of the Borrower, or Dana ▇. ▇▇▇▇▇▇▇▇, ▇▇. ▇▇▇ll cease to act as Senior Vice President of the Borrower or (b) President or other chief executive officer of performing duties essentially the Borrower.same as those performed on the closing date; or
Appears in 1 contract
Change of Management. ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ shall cease to serve -------------------- either as (a) Chairman of the Board of Directors of the Borrower or (b) as President or other chief executive officer of the Borrower.
Appears in 1 contract
Sources: Master Loan and Inter Creditor Agreement (Horton D R Inc /De/)