Management Persons definition
Examples of Management Persons in a sentence
The disclosure controls and procedures of the Borrower shall be designed and maintained to provide reasonable assurance that material information regarding the Borrower’s compliance with laws (including Corrupt Practices Laws, the Patriot Act, the Anti-Terrorism Order and the rules and regulations of OFAC) is made known to Senior Management Persons of the Borrower.
The Borrower has designed and maintained disclosure controls and procedures to provide reasonable assurance that material information regarding the Borrower’s compliance with laws (including Corrupt Practices Laws, the Patriot Act, the Anti-Terrorism Order and the rules and regulations of OFAC) is made known to Senior Management Persons of the Borrower.
The foregoing shall not be construed to limit the ability of Purchaser or any of its Affiliates to cause the Company to terminate the employment of any employee (including any Business Employee) at any time and for any or no reason (but in the case of the Management Persons subject to the terms of the agreements with those persons).
The Management Persons do not, in any way, guarantee the return of the Partners’ Capital Contributions or a profit for the Partners from the operations of the Partnership.
Except as set forth on Schedule 3.15(b), none of the Seller Parties or the Management Persons or any of their other officers or directors, or properties, assets (including the Tangible Personal Property and Real Property of the Company and its Subsidiaries), operations or businesses (including the Business), nor rights relating to any of the foregoing, is subject to any Order or the subject of any proposed Order with respect to the Business.
The Company’s obligation to indemnify and to prepay expenses under paragraphs (a) and (b) above shall arise, and all rights granted to the Management Persons hereunder shall vest, at the time of the occurrence of the transaction or event to which a Proceeding relates, or at the time that the action or conduct to which such Proceeding relates was first taken or engaged in (or omitted to be taken or engaged in), regardless of when such Proceeding is first threatened, commenced or completed.
In addition, the Management Persons must not make any unauthorized disclosure of confidential information obtained in the course of their service to any other person or make any use of such information for the benefits of themselves or others.
Specific enquiry has been made with the Management Persons who have confirmed that they complied with the required standard set out in the Dealings Code throughout the Reporting Year.
Dealings by the Senior Management Persons will require the written consent of DTPL, unless otherwise allowed under this Agreement.
The aggregate number of shares of Holding Company Conversion Stock to be purchased in the Offering by Management Persons and their Associates shall not exceed 30% of the total number of shares of Holding Company Conversion Stock sold in the Conversion.