Definition of Pre-Approved Manager


Pre-Approved Manager means (i) Remington and/or (ii) a Brand Manager for a brand comparable or better than the brand being terminated.

Examples of Pre-Approved Manager in a sentence

Approved Manager means either a Pre-Approved Manager or any other management company appointed by the Borrower and acceptable to the Lender (acting reasonably).
For each Fiscal Year during such time as the Pre-Approved Manager Conditions are satisfied, Borrower shall submit to Lender (for informational purposes only for so long as no Trigger Period exists) (a) by December 31st of each year a preliminary Annual Budget for the succeeding Fiscal Year and (b) promptly upon such Annual Budget being mutually agreed to by Borrower and Manager, the final Annual Budget for such Fiscal Year.
Final Annual Budgets (and updates thereof) delivered to Lender (other than during the continuance of a Trigger Period or such time as the Pre-Approved Manager Conditions are not satisfied) or approved by Lender during the continuance of a Trigger Period or at such time as the Pre-Approved Manager Conditions are not satisfied.