Changes in Management definition

Changes in Management means (i) the removal of a majority of the members of the Board of Directors of Kramont or (ii) the termination of the employment of Loui▇ ▇. ▇▇▇▇▇▇, ▇▇., ▇▇ president and chief executive officer of Kramont, unless the Board of Directors of Kramont, within ninety (90) days of such termination, appoints an individual with qualifications sufficient to serve as the president and chief executive officer of Kramont, such appointment to be subject to the approval of Lender in its sole but reasonable judgment. "CHANGES IN Control" shall mean, (i) with respect to Kramont (A) the issuance in a public offering of shares of voting common stock, or (B) the issuance of units in its Operating Partnership which if fully redeemed into shares of voting common stock of Kramont would in either instance constitute a transfer of more than 50% of the issued and outstanding shares of voting common stock of Kramont and (ii) with respect to a Project, any transfer of ownership in the Project which would result in the Borrower owning less than the 51% of the ownership interest in the Project.
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Changes in Management means removal of a majority of the members of the Board of Directors of CV Reit, Inc. or the termination of the employment of the president of CV Reit, Inc. "Changes in Control" shall mean, with respect to CV Reit, Inc.
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Changes in Management. Notify Lender in writing of any proposed changes in Borrower's senior management including chief executive officer, chief financial officer and general manager, which shall be subject to the approval of the Lender and said approval shall not unreasonably be withheld.
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Examples of Changes in Management in a sentence

  • Changes in Management or Program Personnel Any change in top management or program personnel must be put in memorandum form and submitted to the Contract Manager within 7 days.

  • Dependence on Key Personnel; Changes in Management The Company's business is partially dependent upon the performance of certain of its executive officers.

Related to Changes in Management

  • Change Management means the add-on module to the Programs that enables engineers to define network changes through one or more configuration templates. Those network changes can be applied to multiple devices and executed/rolled back automatically. The Change Management module enables engineers to verify the impact of the changes across the network to help ensure a safer change process.

  • Change in Management will occur if more than 50% of the Leadership Team is terminated and/or resigns within 12 months after the date of the occurrence of a Change of Control; provided, in each case, that termination and/or resignation of such officer will not include (i) a change in such officer’s status in the ordinary course of succession so long as such officer remains affiliated with the Manager or its Subsidiaries as an officer or director, or in a similar capacity, (ii) retirement of any officer or (iii) death or incapacitation of any officer.

  • PJM Management means the officers, executives, supervisors and employee managers of PJM.

  • Continuous parameter monitoring system or "CPMS" means all of the equipment necessary to meet the data acquisition and availability requirements of this chapter, to monitor process and control device operational parameters (for example, control device secondary voltages and electric currents) and other information (for example, gas flow rate, oxygen or carbon dioxide concentrations), and to record average operational parameter value on a continuous basis.

  • Floodplain Management means the operation of an overall program of corrective and preventive measures for reducing flood damage, including but not limited to emergency preparedness plans, flood control works and floodplain management regulations.