Key Person Trigger definition

Key Person Trigger is defined in Section 5.2(a).

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Key Person Trigger has the meaning assigned to such term in the definition of “Key Person Event”.

Key Person Trigger. The meaning specified in Section 2.14(a).

Examples of Key Person Trigger in a sentence

• Within the 120-day period following a Key Person Trigger, a “Key Person Trigger Cure” shall occur upon the appointment of an Approved Replacement.

• If no Approved Replacement (as defined below) is appointed within 120 days following a Key Person Trigger, such event shall constitute a “Key Person Event”.

• Notwithstanding the foregoing provisions of this Section 2.1 or any other provision herein or in any other Loan Document to the contrary, from and after the date occurring 75 days after any Key Person Trigger, no Borrowings shall be made under this Agreement unless Approved Replacements have been approved by the Administrative Agent in accordance with the definition of “Key Person Event”.

• Any replacement manager hired by New Holdco pursuant to Section 2.12(b) shall be deemed a Key Deal Person solely with respect to determining whether a Key Person Trigger has occurred with respect to the applicable Major Investment, and AIM shall have no liability with respect to the acts or omissions of such replacement manager.

• Within sixty (60) days of the occurrence of the Key Person Trigger Event, the General Partner will deliver written notice to the other Partners or call a meeting of the Partners in order to disclose the steps that the General Partner has taken and/or intends to take in order to continue with management of the investment activities of the Partnership, which may include the replacement of one or more Principals or an alternative plan of management.

• The General Partner shall provide written notice to all Partners promptly after the occurrence of any Key Person Trigger Event.

• As of the Key Person Trigger Date the Company shall be prohibited from entering into any new investments or selling or otherwise transferring or liquidating investments of the Company unless the Board of Managers first procures from two thirds (2/3) in Interest of all the Members the written consent of such Members to continue the investment advisory agreement between the Company and FIG Advisors LLC.

• Notwithstanding the foregoing provisions of this Section 2.1 or any other provision herein or in any other Loan Document to the contrary, from and after the date occurring 60 days after any Key Person Trigger, no Borrowings shall be made under this Agreement unless a replacement Key Person has been approved by the Administrative Agent in accordance with the definition of "Key Manager Event".

• No Key Person Trigger Event has occurred or is continuing as of the date of this Agreement.

More Definitions of Key Person Trigger

Key Person Trigger is defined in Section 5.2(a). “Key Person Trigger Cure” is defined in Section 5.2(a).

Key Person Trigger is defined in Section 5.2(a). “Key Person Trigger Cure” is defined in Section 5.2(a). “KeyBank” means KeyBank National Association, and its successors or assigns. “Lender Fee Letter” means that certain Lender Fee Letter dated as of May 31, 2019, among the Borrower, the Administrative Agent and the Lenders, as the same may be amended, restated or modified from time to time. “Lender Group” means any group consisting of a Lender or Lenders and a related Managing Agent. “Lender Insolvency Event” shall mean that (i) a Lender or its Parent Company is insolvent, or is generally unable to pay its debts as they become due, or admits in writing its inability to pay its debts as they become due, or makes a general assignment for the benefit of its creditors, (ii) a Lender or its Parent Company is the subject of a bankruptcy, insolvency, reorganization, liquidation or similar proceeding, or a receiver, trustee, conservator, custodian or similar Person charged with reorganization or liquidation of its business or assets, including the Federal Deposit Insurance Corporation or any other state or federal regulatory authority acting in such capacity, has been appointed for such Lender or its Parent Company, or such Lender or its Parent Company has taken any action in furtherance of or indicating its consent to or acquiescence in any such proceeding or appointment, or (iii) a Lender or its Parent Company has been adjudicated as, or determined by any Governmental Authority having regulatory authority over such Person or its assets to be, insolvent; provided that, for the avoidance of doubt, a Lender Insolvency Event shall not be deemed to have occurred solely by virtue of the ownership or acquisition of any equity interest in or control of a Lender or a Parent Company thereof by a Governmental Authority or an instrumentality thereof so long as such ownership or acquisition does not result in or provide such Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements

Key Person Trigger is defined in Section 5.2(a). “Key Person Trigger Cure” is defined in Section 5.2(a). “KeyBank” means KeyBank National Association, and its successors or assigns. “Lender Fee Letter” means that certain ▇▇▇▇▇▇ ▇▇▇ Letter dated as of May 31, 2019, among the Borrower, the Administrative Agent and the Lenders, as the same may be amended, restated or

Key Person Trigger means either (a) the person listed on part 1 of Exhibit H attached hereto shall have had their employment with the Group Companies terminated following the date hereof and prior to the Closing as a result of either death or disability or (b) at least two (2) of the persons listed on part 2 of Exhibit H attached hereto shall have had their employment with the Group Companies terminated following the date hereof and prior to the Closing as a result of either death or disability.