Change in Key Management definition

Change in Key Management means (i) any Key Employee ceases to hold the position(s) of such Key Employee as identified in Schedule IV (as amended from time to time in accordance with clause (xiv) of Schedule II) and such Key Employee is not replaced on an interim or permanent basis by another Key Employee as identified in Schedule IV (which, for the avoidance of doubt may include a Key Employee added to Schedule IV in accordance with clause (xiv) of Schedule II) within 10 Business Days thereafter, (ii) the Fund shall amend Schedule IV pursuant to clause (xiv) of Schedule II, and such amendment is not acceptable to the Capital Protection Provider, in its reasonable discretion, (iii) any Person, other than the Key Employees, shall be significantly and regularly involved in the investment decisions of the Adviser as it relates to the Fund, (iv) the Adviser shall cease to be the investment adviser of the Fund, and either (a) a replacement investment adviser chosen by the Fund is not acceptable to the Capital Protection Provider, in its reasonable discretion, or (b) the Fund does not appoint a replacement investment adviser within 150 days thereafter, or (v) the Adviser shall cease to be a registered investment adviser under the Investment Advisers Act of 1940.
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Change in Key Management means that Charles Guowei Chao ceases to be a manager, principal or executive officer of Borrower or ceases to have substantial involvement in the day-to-day operations of Borrower.
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Change in Key Management means any resignation or removal of Investment Manager, if any, as the investment manager of Borrower or any circumstance in which any manager, principal or executive officer of Investment Manager ceases to be a manager, principal or executive officer of Investment Manager or ceases to have substantial involvement in the day-to-day operations of Investment Manager.
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Examples of Change in Key Management in a sentence

  • The Board and the Independent Directors were of the unanimous view that performance of the Board of Directors as a whole was satisfactory.Declaration by Independent DirectorsAll Independent Directors have furnished declarations stating that they meet the criteria of independence as laid down under Section 149(6) of the Companies Act, 2013 and Clause 49 of the Listing Agreement.Appointment / Change in Key Management Personnel :Mr. M.

  • Change in Key Management IndicesUnder J-GAAP (unit: million yen)Mar.


More Definitions of Change in Key Management

Change in Key Management means that Xxxxxxx Xxxxxx Xxxx ceases to be a manager, principal or executive officer of Borrower or ceases to have substantial involvement in the day-to-day operations of Borrower.
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Change in Key Management shall have occurred on the first date on which any three of the following offices are held by Persons who did not hold such office as of the Effective Date (or, in the case of the chief financial officer, the date on which a person is first appointed or elected to such office): chief executive officer, chief financial officer, chief information officer, senior vice president of sales and marketing and senior vice president of operations and engineering.
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Change in Key Management shall be deemed to have occurred if Pxxxxxx XxXxxxxx ceases to be the Chief Executive Officer of the Borrower or Jxxx Xxxxxx ceases to be President of MBI Mortgage, Inc., and either ceases to have substantial involvement in the day-to-day operations of Borrower or MBI Mortgage.
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Related to Change in Key Management

  • 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.

  • Material Change in Formula means the occurrence since the Launch Date of a material change in the formula for, or the method of, calculating the Reference Price.

  • Change in Use means altering the purpose of an existing room, within the facility, that requires structural changes.

  • Change in Control of the Company means the occurrence of any of the following events:

  • 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.

  • Potential Change in Control means the occurrence of any of the following events:

  • A "CHANGE IN CONTROL means an Ownership Change Event or a series of related Ownership Change Events (collectively, the "TRANSACTION") wherein the stockholders of the Company immediately before the Transaction do not retain immediately after the Transaction, in substantially the same proportions as their ownership of shares of the Company's voting stock immediately before the Transaction, direct or indirect beneficial ownership of more than fifty percent (50%) of the total combined voting power of the outstanding voting stock of the Company or the corporation or corporations to which the assets of the Company were transferred (the "TRANSFEREE CORPORATION(S)"), as the case may be. For purposes of the preceding sentence, indirect beneficial ownership shall include, without limitation, an interest resulting from ownership of the voting stock of one or more corporations which, as a result of the Transaction, own the Company or the Transferee Corporation(s), as the case may be, either directly or through one or more subsidiary corporations. The Board shall have the right to determine whether multiple sales or exchanges of the voting stock of the Company or multiple Ownership Change Events are related, and its determination shall be final, binding and conclusive.

  • Change in 1940 Act Law shall have the meaning set forth in the definition of "Investment Company Event."

  • Disciplinary change in placement means a suspension or removal from a student’s current educational placement that is either:

  • Change in Control of the Corporation means a change in control of a nature that would be required to be reported in response to Item 6(e) of Schedule 14A of Regulation 14A promulgated under the Securities Exchange Act of 1934, as amended ("Exchange Act"), or any successor thereto, whether or not the Corporation is registered under the Exchange Act; provided that, without limitation, such a change in control shall be deemed to have occurred if (i) any "person" (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) is or becomes the "beneficial owner" (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Corporation representing 25% or more of the combined voting power of the Corporation's then outstanding securities; or (ii) during any period of two consecutive years, individuals who at the beginning of such period constitute the Board of Directors of the Corporation cease for any reason to constitute at least a majority thereof unless the election, or the nomination for election by stockholders, of each new director was approved by a vote of at least two-thirds of the directors then still in office who were directors at the beginning of the period.

  • Change in service means the designation of a new provider of a telecommunications service to a customer, including the initial selection of a service provider, and includes the addition or deletion of a telecommunications service for which a separate charge is made to a customer account.

  • Change in Control means the occurrence of any of the following events:

  • Service Change has the meaning set forth in Section 2(B) of the Agreement.

  • Potential Change in Control Period shall commence upon the occurrence of a Potential Change in Control and shall lapse upon the occurrence of a Change in Control or, if earlier (i) with respect to a Potential Change in Control occurring pursuant to Section 16.20(A), immediately upon the abandonment or termination of the applicable agreement, (ii) with respect to a Potential Change in Control occurring pursuant to Section 16.20(B), immediately upon a public announcement by the applicable party that such party has abandoned its intention to take or consider taking actions which if consummated would result in a Change in Control, or (iii) with respect to a Potential Change in Control occurring pursuant to Section 16.20(C) or (D), upon the one year anniversary of the occurrence of a Potential Change in Control (or such earlier date as may be determined by the Board).

  • Material Change in Content means the occurrence since the Launch Date of a material change in the content, composition or constitution of the Futures Contract or the Commodity.

  • Board Change means, during any period of two consecutive years, individuals who at the beginning of such period constituted the entire Board cease for any reason to constitute a majority thereof unless the election, or the nomination for election, of each new director was approved by a vote of at least two-thirds of the directors then still in office who were directors at the beginning of the period.

  • Change in Control Termination means that while this Agreement is in effect:

  • Change in Ownership means change of ownership of the Bidder/Member in a Bidding Consortium by way of merger/ acquisition/ amalgamation/ reorganisation/ consolidation/ demerger;

  • Change in Control Transaction means the occurrence of any of the following events:

  • Potential Change of Control shall be deemed to have occurred if:

  • Change in the Control means any change in any person(s) who directly exercise effective control over the Grantee.

  • Section 409A Change in Control means a change in the ownership or effective control of the Company, or in the ownership of a substantial portion of the Company’s assets, as provided in Section 409A(a)(2)(A)(v) of the Code and Treasury Regulations Section 1.409A-3(i)(5) (without regard to any alternative definition thereunder).

  • Relevant Potential Change of Control Announcement means any public announcement or statement by the Issuer, any actual or potential bidder or any adviser acting on behalf of any actual or potential bidder relating to any potential Change of Control where within 180 days following the date of such announcement or statement, a Change of Control occurs.

  • Change of Management means that Xxxxx Xxxx’x direct or indirect management responsibilities of Lead Borrower are materially diminished from those held by him as of the Closing Date, in each case, other than as a result of (a) death or (b) physical or mental incapacity.

  • Change in Control Date means the date on which a Change in Control occurs.

  • 409A Change in Control means a “Change in Control” which also constitutes a change in ownership or effective control of the Company or a change in the ownership of a substantial portion of the assets of the Company, all within the meaning of § 409A of the Internal Revenue Code of 1986, as amended (the “Code”).