Common use of Management, Ownership Clause in Contracts

Management, Ownership. The Company shall not materially change its executive staff as it relates to the positions and authority held by ▇▇▇▇ ▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ without the prior written consent of the Secured Party. Positions and authority held by ▇▇▇▇ ▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ are material factors in the Secured Party's willingness to institute and maintain a lending relationship with the Company.

Appears in 6 contracts

Sources: Security Agreement (Voyager One Inc), Security Agreement (Voyager One Inc), Security Agreement (Voyager One Inc)