Redesignation. Promptly notify the Administrative Agent of any Mortgaged Property that is, or becomes, a Flood Hazard Property.
Redesignation. The Board may, in its discretion, elect or appoint the Employee to offices or positions other than, or in addition to, Chairman, President and Chief Executive Officer (hereinafter the "Redesignation") by providing the Employee with prompt written notice of the Redesignation. If any Redesignation and related addition to and/or reduction of Employee's duties results in a substantial net change in the scope of the Employee's responsibilities, the Employee may elect, in his sole discretion, not to accept such Redesignation and to resign upon providing written notice of his resignation to the Employer not less than thirty (30) days after the Employee has been provided with written notice of the Redesignation. In such event, the Employer shall pay, if such Redesignation occurs during the Employment Period, the Employee his annual salary, as provided herein, for three (3) years following the effective date of such resignation or until January 1, 2001, whichever is the longer period. In the event that the Redesignation shall occur at any time after the Employment Period, and during one of the Renewal Periods, the Employer shall pay the Employee his annual salary, as provided herein, for three (3) years following the effective date of such resignation. All sums owing hereunder in the event of a Redesignation and a subsequent resignation by the Employee shall be due and payable within thirty (30) days of the effective date of such resignation. Furthermore, in the event of such Redesignation and subsequent resignation, all Deferred Salary, 4 - 4 - including $104,000 deferred prior to the effective date of this agreement, (hereinafter referred to as the "Deferred Salary") and/or other monies owed the Employee under any voluntary or company-imposed compensation deferral program, shall also be payable within thirty (30) days of the effective date of such resignation. These amounts shall be paid in cash in accordance with policies and procedures covering the Employee and all similarly-situated Company employees at that time.
Redesignation. Each Loan Party shall promptly notify the Collateral Agent of any Mortgaged Property that is, or becomes, a Flood Hazard Property.
Redesignation. Upon the conversion of all of the outstanding Non-Voting Common Shares into Common Shares, the Non-Voting Common Shares shall be automatically redesignated as “Common Shares.”
Redesignation. Promptly notify the Lender of any Mortgaged Property that is, or becomes, a Flood Hazard Property.
Redesignation. When an employee is appointed to a position which has been reallocated, his/her compensation shall not be reduced, provided that the employee's compensation will not be increased until the pay for the redesignated position equals his/her previous pay.
Redesignation. Promptly notify the Collateral Agent and the Lenders of any Mortgaged Property that is, or becomes, a Flood Hazard Property.
Redesignation. The Borrower shall notify the Administrative Agent of any Mortgaged Property that is, or becomes, a Flood Hazard Property.
Redesignation. In the case of Registrable Securities which are not Class A Common Stock, upon the request of holders of 51% of all such Registrable Securities to be covered by such registration or if advised by the managing underwriter of such offering, the Company shall reissue the Registrable Securities in denominations suitable for public trading (by depositary share arrangements or otherwise).
Redesignation. The class of Partnership Preferred Units heretofore designated as "5% Class A Preferred Partnership Units, liquidation preference $1,000 per unit" (the "Class A Preferred Units"), shall hereafter be designated as "5% Class A Preferred Partnership Units (no liquidation preference)" (the "Class A Units"). The holders of 1,015.148 units constituting such class shall no longer be afforded any rights as holders of Class A Preferred Units and shall hereafter be afforded only the rights set forth in this Amended and Restated Partnership Unit Designation with respect to such units. The Class A Units shall be limited partnership interests in the Partnership.
