Key Principals definition
Examples of Key Principals in a sentence
The Consulting Agreement shall provide that from and after the date that an Event of Default has occurred and until such Event of Default, if curable, has been cured, Consultant shall not make any distributions to the holders of the equity interests of Consultant; provided, however, that Consultant shall be permitted to pay all compensation, salaries and/or bonuses to employees or contractors of Consultant (including Key Principals) in the ordinary course of business.
Key Principal hereby waives the benefit of all principles or provisions of law, which are or might be in conflict with the terms of this Acknowledgment, and agrees that Key Principal's obligations shall not be affected by any circumstances which might otherwise constitute a legal or equitable discharge of a surety or a guarantor.
Neither the Borrower, the Key Principals the General Partner nor any Affiliate of the Borrower, the Key Principals or the General Partner is an Affiliate or otherwise related to the lessee under any cable television lease relating to any Mortgaged Property.
Key Principal agrees to notify ▇▇▇▇▇▇ (in the manner for giving notices provided in Section 31 of the Security Instrument) of any change of Key Principal's address within 10 Business Days after such change of address occurs.
Transfers of direct or indirect interests in Borrower held by a Key Principal or Guarantor to other Key Principals or Guarantors, as applicable, shall be consented to by Lender if such Transfer satisfies the following conditions: the Transfer does not cause a change in the Control of Borrower; and the transferor Key Principal or Guarantor maintains the same right and ability to Control Borrower as existed prior to the Transfer.