Common use of Management Change Clause in Contracts

Management Change. Management of the Borrower shall, for a period of one hundred eighty (180) consecutive days, cease to be in at least one of the following persons: (a) ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, (b) ▇▇▇▇ ▇. ▇▇▇, (c) ▇▇▇ ▇▇▇▇▇▇, or (d) ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, who shall be in an executive management position with Borrower or who shall be a senior vice president, executive vice president, senior executive vice president or president with Borrower's general partner; or

Management Change. Management of the Borrower shall, for a period of one hundred eighty (180) consecutive days, cease to be in at least one two of the following persons: (a) ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, (b) ▇▇▇▇ ▇. ▇▇▇, (c) ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, or (d) ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ or (e) ▇▇▇ ▇▇▇▇▇▇, who shall be in an executive management position with Borrower or who shall be a senior vice president, executive vice president, senior executive vice president or president with Borrower's general partner; or

Management Change. Management of the Borrower shall, for a period of one hundred eighty (180) consecutive days, cease to be in at least one of the following persons: (a) ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, (b) ▇▇▇▇ ▇. ▇▇▇, (c) ▇▇▇▇▇ ▇▇▇▇▇▇▇, (d) ▇▇▇ ▇▇▇▇▇▇, or (de) ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, who shall be in an executive management position with Borrower or who shall be a senior vice president, executive vice president, senior executive vice president or president with Borrower's general partner; or