Common use of Management of the Borrower Clause in Contracts

Management of the Borrower. (a) Permit any member or principal of the Investor Group to hold the position of Chief Executive Officer, Chief Financial Officer, Chief Operating Officer or President of the Borrower or (b) hire or agree to hire any Chief Financial Officer, Chief Operating Officer or President, in each case without the consent of the Agent and the Required Lenders, which consent shall not be unreasonably withheld or delayed.

Appears in 2 contracts

Sources: Loan and Facilities Agreement (Bh Re LLC), Loan and Facilities Agreement (Bh Re LLC)