Common use of Key Person Event Clause in Contracts

Key Person Event. If ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ceases to be employed full time by the Borrower and actively working as its President and Chief Executive Officer, unless within 120 days after such Person ceases to be employed full time and actively working, the Borrower hires a replacement for such individual reasonably acceptable to the Lender.

Appears in 2 contracts

Sources: Credit Agreement (TELA Bio, Inc.), Credit Agreement (TELA Bio, Inc.)

Key Person Event. If ▇▇▇▇▇▇▇▇▇▇▇▇ ceases to be employed full time by the Borrower and actively working as its the President and Chief Executive Officer, unless within 120 180 days after such Person individual ceases to be employed full time and actively working, working the Borrower hires a replacement for such individual reasonably acceptable to the Lender.

Appears in 2 contracts

Sources: Credit Agreement (Avedro Inc), Credit Agreement (Avedro Inc)

Key Person Event. If ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ceases to be employed full time by the Borrower and actively working as its the President and Chief Executive Officer, unless within 120 days after such Person individual ceases to be employed full time and actively working, working the Borrower hires a replacement for such individual reasonably acceptable to the Lender.

Appears in 2 contracts

Sources: Credit Agreement (TransMedics Group, Inc.), Credit Agreement (TransMedics Group, Inc.)

Key Person Event. If either of ▇▇. ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ or ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ceases to be employed full time by the Borrower and actively working as its President the Chief Executive Officer and Chief Executive Technology Officer, as applicable, unless within 120 180 days after such Person individual ceases to be employed full time and actively working, working the Borrower hires a replacement for such individual reasonably acceptable to the Lender.

Appears in 2 contracts

Sources: Credit Agreement (Natera, Inc.), Credit Agreement (Natera, Inc.)

Key Person Event. If ▇▇▇▇▇ ▇▇▇▇▇▇▇ (or any replacement described below) ceases to be employed full time by the Borrower and actively working as its President and Chief Executive Officer, unless within 120 days after such Person ceases to be employed full lull time and actively working, the Borrower (i) names an interim Chief Executive Officer or (ii) hires a replacement for such individual individual, in each case, reasonably acceptable to the LenderRequired Lenders.

Appears in 1 contract

Sources: Credit Agreement (Acutus Medical, Inc.)

Key Person Event. If ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ any of the following individuals ceases to be employed full time by the Borrower and actively working in the identified position: ▇▇▇ ▇▇▇▇▇▇▇, as its President and Chief Executive Officer, unless within 120 days after such Person individual ceases to be employed full time and actively workingworking in such position, the Borrower hires a replacement for such individual that is reasonably acceptable to the LenderAdministrative Agent and the Lenders.

Appears in 1 contract

Sources: Credit Agreement (AVITA Medical, Inc.)

Key Person Event. If either or both of ▇▇▇ ▇▇▇▇▇▇▇▇ and ▇▇. ▇▇▇▇▇ ▇▇▇▇▇(or any replacement therefor appointed in accordance with this Section 9.1(n)) ceases to be employed full time by the Borrower and Holdings and actively working as its Chairman, CEO, President and or Chief Executive Operating Officer, unless within 120 90 days after such Person individual ceases to be employed full time and actively working, working the Borrower hires and Holdings hire a replacement for such individual reasonably acceptable to the LenderLender (such acceptance not to be unreasonably withheld).

Appears in 1 contract

Sources: Credit Agreement (Unilife Corp)