Common use of Executive Pay Clause in Contracts

Executive Pay. (a) The only Executive Officers of the Borrower. at the execution of the within Agreement, are those individuals referenced in the definition of "Executive Officers". (b) Prior to the execution of the within Agreement, the Borrower furnished the Lender with copies of all written Executive Agreements and outlines of the salient features of all unwritten Executive Agreements (as amended to date) then extant. There are no unwritten agreements or understandings between the Borrower and any Executive Officer which relate to Executive Pay, written disclosure of which has not been made to the Lender. (c) The Borrower will not: (i) Enter into any Executive Agreement not existing at the execution of the within Agreement. (ii) Alter, amend, supplement, or otherwise change any Executive Agreement.

Executive Pay. (a) The only Executive Officers of the Borrower. , at the execution of the within Agreement, are those individuals referenced in the definition of "Executive Officers". (b) Prior to the execution of the within Agreement, the Borrower furnished the Lender with copies of all written Executive Agreements and outlines of the salient features of all unwritten Executive Agreements (as amended to date) then extant. There are no unwritten agreements or understandings between the Borrower and any Executive Officer which relate to Executive Pay, written disclosure of which has not been made to the Lender. (c) The Borrower will not: : (i) Enter into any Executive Agreement not existing at the execution of the within Agreement. (ii) Alter, amend, supplement, or otherwise change any Executive Agreement.