Post-Closing Manager definition

Post-Closing Manager means the contemplated manager of the Business on the Purchaser’s behalf following the Closing. The Post-Closing Manager shall be identified by Purchaser prior to expiration of the Due Diligence Period.

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Post-Closing Manager means any Company Entity or another entity directly or indirectly controlled by Purchaser that will manage (whether technical, commercial or crew management) and, if applicable, provide construction supervision services for New Building Vessels and Acquired Vessels.

Post-Closing Manager means the contemplated manager of the Business on the Purchaser’s behalf following the Closing. The Post-Closing Manager shall be Love Management Company, LLC, a Missouri limited liability company d/b/a ALLEGRO MANAGEMENT COMPANY.

Examples of Post-Closing Manager in a sentence

• Without the prior consent of Sellers, Purchaser shall not (a) voluntarily terminate, or amend in a manner that would materially and adversely affect the Sellers with respect to the Fleet Growth Payments to be paid by Purchaser pursuant to Section 3.6, any Management Agreement, or (b) cause any New Building Vessels or Acquired Vessels to be supervised, operated or technically managed by any person or entity other than a Post-Closing Manager.

• A Post-Closing Management Agreement duly executed by the applicable Post-Closing Manager.

• The Post-Closing Manager, at Purchaser’s expense, shall be responsible for the vacation and other paid time off for Hired Employees accrued through the Proration Date to the extent of the credit provided by Seller to Purchaser for such amounts and reflected in the closing statement executed by Seller and Purchaser prior to Closing.