Personal Performance Requirement. This Agreement is based on the special skill and ability of Sanjay and Joha▇▇▇ ▇▇▇▇▇, ▇▇ principals of the Manager, and the devotion by them of sufficient time to cause Manager to perform its obligations hereunder in a timely manner. Therefore, Sanjay and Joha▇▇▇ ▇▇▇▇▇ ▇▇▇h covenants to RoseStar that at least one of them shall at all times during the Management Period own in the aggregate a majority of the outstanding stock of Manager and shall serve as the most senior executive officer and member of the board of directors of RoseStar, and Joha▇▇▇ ▇▇▇▇▇ (▇▇d in her absence, Sanj▇▇ ▇▇▇▇▇) ▇▇all devote the substantial majority of her professional time and efforts to the Manager's business.
Appears in 1 contract
Sources: Asset Management Agreement (Crescent Operating Inc)
Personal Performance Requirement. This Agreement is based on the special skill and ability of Sanjay and Joha▇▇▇ ▇▇▇▇▇, ▇▇ principals of the Manager, and the devotion by them of sufficient time to cause Manager to perform its obligations hereunder in a timely manner. Therefore, Sanjay and Joha▇▇▇ ▇▇▇▇▇ ▇▇▇h covenants to RoseStar Southwest that at least one of them shall at all times during the Management Period own in the aggregate a majority of the outstanding stock of Manager and shall serve as the most senior executive officer and member of the board of directors of RoseStar, and Joha▇▇▇ ▇▇▇▇▇ (▇▇d in her absence, Sanj▇▇ ▇▇▇▇▇) ▇▇all devote the substantial majority of her professional time and efforts to the Manager's business.of
Appears in 1 contract
Sources: Asset Management Agreement (Crescent Operating Inc)