Examples of Key Person Event in a sentence
Each of the General Partner and the Subadvisors, as applicable, shall promptly notify UST and SIGTARP of the occurrence of any event of Cause of which it has knowledge and the General Partner shall promptly notify UST and SIGTARP of the occurrence of any Key Person Event of which it has knowledge.
If such replacement(s) end the occurrence of a Key Person Event, the Commitment Period will automatically be re-instated.
Borrower shall promptly notify Administrative Agent in writing upon becoming actually aware of the occurrence of a Key Person Event.
If the IPT Partners fail to designate a permitted or approved replacement Key Person within sixty (60) days after a Key Person Event, the Investment Period shall be deemed to have expired.
Upon the occurrence of a Key Person Event, the Commitment Period shall automatically and immediately be suspended until a Majority in Interest approves in writing a remediation plan for such Key Person Event or otherwise waives such suspension generally or with respect to one or more specified Portfolio Investments.