Common use of Senior Management Clause in Contracts

Senior Management. The Macerich Partnership and MAC shall cause Art Xxxxxxx and either Xx Xxxxxxx or Xxxxxx X. X’Xxxx to remain part of their senior management until the indefeasible payment in full of the Obligations. In the event of death, incapacitation, retirement, or dismissal of any of these individuals, Macerich Partnership and MAC shall have 180 calendar days thereafter in which to retain a senior management replacement reasonably acceptable to the Required Lenders.

Senior Management. The Macerich Partnership and MAC shall cause Art Xxxxxxx and either Xx Xxxxxxx or Xxxxxx X. X’Xxxx X'Xxxx to remain part of their senior management until the indefeasible payment in full of the Obligations. In the event of death, incapacitation, retirement, or dismissal of any of these individuals, Macerich Partnership and MAC shall have 180 calendar days thereafter in which to retain a senior management replacement reasonably acceptable to the Required Lenders.

Senior Management. The Macerich Partnership and MAC shall cause Art Xxxxxxx and either Xx Xxxxxxx or Xxxxxx X. X’Xxxx to remain part of their senior management until the indefeasible payment in full of the Obligations. In the event of death, incapacitation, retirement, or dismissal of any of these individuals, the Macerich Partnership and MAC shall have 180 calendar days thereafter in which to retain a senior management replacement reasonably acceptable to the Required Lenders.

Senior Management. The Macerich Partnership and MAC shall cause Art Xxxxxxx and either Xx Xxxxxxx or Xxxxxx X. X’Xxxx to remain part of their senior management until the indefeasible payment in full of the Obligations. In the event of death, incapacitation, retirement, or dismissal of any of these individuals, Macerich Partnership and MAC shall have 180 calendar days thereafter in which to retain a senior management replacement reasonably acceptable to the Required Lenders.