Management Change Date definition

Management Change Date means the date when Xxxxx Xxx Xxxxxx (i) ceases to hold the titles and responsibilities of President and Chief Executive Officer of the Parent or (ii) otherwise fails to be active in the management of the day to day operations of the Parent.
Sample 1
Management Change Date means, with respect to each portion of the Premises, the date the Borrower or its Affiliate takes title to the Premises or exercise Management Control.
Sample 1
Management Change Date means the date when James W. McAtee (i) ceases to hold the titles and responsibilities of Xxxxxxxxx xxx Chief Executive Officer of the Parent or (ii) otherwise fails to be active in the management of the day to day operations of the Parent.
Sample 1

Examples of Management Change Date in a sentence

  • If, following the Management Change Date, Tenant is dissatisfied with the janitorial services being provided at the Building and such condition continues for thirty (30) days following written notice to Landlord and the current janitorial service provider, then Tenant shall be entitled to request in writing that Landlord replace such current janitorial service provider.

  • At all times prior to the Management Change Date, Manager shall have in its employ an on-site facilities manager.

  • Commencing on the Management Change Date, Landlord shall manage, operate, maintain and repair the Leased Premises in accordance with Best Management Practices of Class A office parks in the Metropolitan Area as set forth on Addendum 2 of this Lease.

  • Upon a Management Change Date, the Borrower agrees to join with the Lender in notices to all tenants at the Premises to, effective on the next rent payment date, deposit all rents and sums payable pursuant to such tenant's Leases at the Premises into an account established by the Lender or its servicer (the "Lockbox Account") and Borrower shall pledge such Lockbox Account as additional security for the Loan.

  • Tenant agrees to hold Landlord and its agents, officers, directors and employees harmless against all such claims, except to the extent resulting from the gross negligence or willful misconduct of Landlord, its agents, contractors or employees during any period of the Term, or to the extent resulting from the ordinary negligence of Landlord, its agents, contractors or employees during any period following the Management Change Date during which Landlord is managing the Leased Premises.

  • Upon a Management Change Date, Borrower will cooperate with Lender in obtaining Subordination, Non-Disturbance and Attornment Agreements for the benefit of the Lender from tenants at the Premises.


More Definitions of Management Change Date

Management Change Date shall have the meaning ascribed to such term in Paragraph VII.F.
Sample 1
Management Change Date means the first date when both Ken Xxxxxx xxx Jamex X. XxXxxx (x) cease to hold the titles and responsibilities of Chief Executive Officer and Chief Financial Officer of the Borrower, respectively or (ii) otherwise fails to be active in the management of the day to day operations of the Borrower.
Sample 1

Related to Management Change Date

  • Change Date means the date upon which the Passenger Operator's Proportion changes in the Accounting Year pursuant to Part 6;

  • Control Change Date means the date on which a Change in Control occurs. If a Change in Control occurs on account of a series of transactions, the “Control Change Date” is the date of the last of such transactions.

  • 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.

  • Potential Change of Control means any public announcement or statement by the Issuer, or by any actual or potential bidder(s) relating to any potential Change of Control of the Issuer.

  • Program change means any elimination, curtailment or reorganization of a curriculum offering, program or school operation or a reorganization or closing of a school or consolidation of two or more individual schools or school districts that is unrelated to financial exigency.

  • Partnership Change of Control means Tesoro Corporation ceases to Control the General Partner.

  • Agreement Termination Date is defined in Section 7.4.

  • Potential Change of Control Announcement means any public announcement or statement by the Issuer or by any actual or potential bidder or any designated adviser thereto relating to any specific or any near-term potential Change of Control (whereby "near-term" shall mean that such potential Change of Control is reasonably likely to occur, or is publicly stated by the Issuer or by any such actual or potential bidder or any such designated adviser to be intended to occur, within four months of the date of such announcement or statement).

  • Restructuring Date means the date on which a Restructuring is legally effective in accordance with the terms of the documentation governing such Restructuring.

  • Operating Advisor Termination Event means any one of the following events whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body:

  • Senior Termination Date For each Senior Certificate Group, the Distribution Date on which the aggregate Class Certificate Balance of the related Classes of Senior Certificates has been reduced to zero.

  • 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.

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

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

  • Sponsor Management Agreement means the management agreement between certain of the management companies associated with the Sponsor Group or their advisors and the Borrower.

  • Benchmark Transition Event means the occurrence of one or more of the following events with respect to the then-current Benchmark:

  • Exchange Date means, in relation to a temporary Global Note, the day falling after the expiry of 40 days after its issue date and, in relation to a permanent Global Note, a day falling not less than 60 days, or in the case of failure to pay principal in respect of any Notes when due 30 days, after that on which the notice requiring exchange is given and on which banks are open for business in the city in which the specified office of the Fiscal Agent is located and in the city in which the relevant clearing system is located.

  • Special Servicer Termination Event shall have the meaning given to such term in the Lead Securitization Servicing Agreement.

  • Lease Termination Date means the last day of the Lease Term.

  • Facility Termination Date means the date as of which all of the following shall have occurred: (a) the Aggregate Commitments have terminated, (b) all Obligations have been paid in full (other than contingent indemnification obligations), and (c) all Letters of Credit have terminated or expired (other than Letters of Credit as to which other arrangements with respect thereto satisfactory to the Administrative Agent and the L/C Issuer shall have been made).

  • Termination Date means the date of the termination of the Executive’s employment with the Company.

  • Benchmark Transition Start Date means, in the case of a Benchmark Transition Event, the earlier of (a) the applicable Benchmark Replacement Date and (b) if such Benchmark Transition Event is a public statement or publication of information of a prospective event, the 90th day prior to the expected date of such event as of such public statement or publication of information (or if the expected date of such prospective event is fewer than 90 days after such statement or publication, the date of such statement or publication).

  • Change of Control Transaction means the occurrence after the date hereof of any of (a) an acquisition after the date hereof by an individual or legal entity or “group” (as described in Rule 13d-5(b)(1) promulgated under the Exchange Act) of effective control (whether through legal or beneficial ownership of capital stock of the Company, by contract or otherwise) of in excess of 33% of the voting securities of the Company (other than by means of conversion or exercise of the Debentures and the Securities issued together with the Debentures), (b) the Company merges into or consolidates with any other Person, or any Person merges into or consolidates with the Company and, after giving effect to such transaction, the stockholders of the Company immediately prior to such transaction own less than 66% of the aggregate voting power of the Company or the successor entity of such transaction, (c) the Company sells or transfers all or substantially all of its assets to another Person and the stockholders of the Company immediately prior to such transaction own less than 66% of the aggregate voting power of the acquiring entity immediately after the transaction, (d) a replacement at one time or within a three year period of more than one-half of the members of the Board of Directors which is not approved by a majority of those individuals who are members of the Board of Directors on the Original Issue Date (or by those individuals who are serving as members of the Board of Directors on any date whose nomination to the Board of Directors was approved by a majority of the members of the Board of Directors who are members on the date hereof), or (e) the execution by the Company of an agreement to which the Company is a party or by which it is bound, providing for any of the events set forth in clauses (a) through (d) above.