Common use of Change of Management Clause in Contracts

Change of Management. If (i) Nxxx Xxxxxx ceases to be employed as, and actively perform the duties of, the chief executive officer of Holdings, or (ii) Cxxxxxxxxxx Xxxxxxx ceases to be employed as, and actively perform the duties of, the vice president of finance of Holdings, in each case unless a successor is appointed within ninety (90) days after the termination of such individual’s employment and such successor is reasonably satisfactory to Agent;

Appears in 5 contracts

Samples: Loan and Security Agreement (Rubicon Technologies, Inc.), Loan and Security Agreement (Rubicon Technologies, Inc.), Loan and Security Agreement (Rubicon Technologies, Inc.)

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Change of Management. If (i) Nxxx Pxxx Xxxxxx ceases to be employed as, and actively perform the duties of, the chief executive officer of Holdings, or (ii) Cxxxxxxxxxx Xxxxxxx ceases to be employed as, and actively perform the duties of, the vice president of finance of Holdings, in each case unless a successor is appointed within ninety (90) days after the termination of such individual’s employment and such successor is reasonably satisfactory to Agent;

Appears in 2 contracts

Samples: Loan and Security Agreement (Rubicon Technologies, Inc.), Loan and Security Agreement (Rubicon Technologies, Inc.)

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Change of Management. If (i) Nxxx XxxxxxXxxx Xxxxxx ceases to be employed as, and actively perform the duties of, the chief executive officer of Holdings, or (ii) Cxxxxxxxxxx Xxxxxxx ceases to be employed as, and actively perform the duties of, the vice president of finance of Holdings, in each case unless a successor is appointed within ninety (90) days after the termination of such individual’s employment and such successor is reasonably satisfactory to Agent;

Appears in 2 contracts

Samples: Loan and Security Agreement (Rubicon Technologies, Inc.), Loan and Security Agreement (Rubicon Technologies, Inc.)

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