Investor Nominees. (a) For so long as the Minimum Shareholding Requirement is satisfied, the Purchasers shall have the right, from time to time, to appoint:
Investor Nominees. If, for any reason, (i) any person designated by Investor as a director of the Company pursuant to Article IV hereof is not nominated by the Company's Board of Directors for election to the Company's Board of Directors or the Company's Board of Directors does not recommend such person to serve as a director of the Company, or (ii) the Board of Directors of the Company shall change the size of the Board of Directors of the Company from eight directors (or from seven directors after such time as Justxx Xxxxxxxxx xx longer serves as a director) at such time as Investor is entitled to designate two directors of the Company's Board of Directors in accordance with the provisions of Section 4.3 hereof or Shareholder is entitled to designate three directors of such Board in accordance with Section 4.4 hereof, then, upon the happening of such event, all of the provisions of this Article III shall lapse and no longer be of any force or effect; provided, however, that the obligations of a party under this Article III shall not lapse and cease to be of any force or effect with respect to either the Investor Group or the Shareholder Group if any of its respective members shall have breached any provision of this Agreement and as a result thereof, one of the events described in clause (i) or (ii) above shall have occurred.
Investor Nominees. For so long as an Investor’s Percentage is at least ten percent (10%), such Investor shall be entitled to nominate one (1) Investor Nominee, to be proposed for election as a Director of the Corporation in any management proxy circular which pertains to the election of the Directors of the Corporation (each an “Investor Nominee” and together the “Investor Nominees”), any of whom may be a director, officer or employee of such Investor. If no Investor’s Percentage is at least ten percent (10%), then no Investor shall be entitled to designate an Investor Nominee. For the avoidance of doubt, although an Investor may have the right to propose an Investor Nominee, the Investor shall not be required to propose such Investor Nominee.
Investor Nominees. The initial Investor Nominee of the Orion Group will be Vxxxxx Xxxxxx and the initial Investor Nominee of M Grupo will be Pxxxx Xxxxxxx.
Investor Nominees. The Parties acknowledge that Xx. Xxx and the Investor intend after Closing to discuss the possible appointment of a designee or designees of the Investor as a director(s) of the Board. The Parties acknowledge and agree that any such appointment is to be determined and made by the Company and subject to the approval of the Board or at the annual general meeting of the Company, as appropriate.
Investor Nominees. (a) From and after the Effective Time until the first date at which the Stockholder and Stockholder Affiliates cease to beneficially own, in the aggregate, at least five percent (5%) of the outstanding shares of Common Stock, the Stockholder shall have the right to designate for nomination to the Board:
Investor Nominees. If, for any reason, (i) any person designated by Investor as a director of the Company pursuant to Article IV hereof is not nominated by the Company's Board of Directors for election to the Company's Board of Directors or the Company's Board of Directors does not recommend such person to serve as a director of the Company, or (ii) the Board of Directors of the Company shall change the size of the Board of Directors of the Company from seven directors at such time as Investor is entitled to designate two directors of the Company's Board of Directors in accordance with the provisions of Section 4.3 hereof or Shareholder is entitled to designate three directors of such Board in accordance with Section 4.4 hereof, then, upon the happening of such event, all of the provisions of this Article III shall lapse and no longer be of any force or effect; provided, however, that the obligations of a party under this Article III shall not lapse and cease to be of any force or effect with respect to either the Investor Group or the Shareholder Group if any of its respective members shall have breached any provision of this Agreement and as a result thereof, one of the events described in clause (i) or (ii) above shall have occurred.
Investor Nominees. For so long as the Investors and the Investors' Permitted Transferees or Permitted Assignees own any shares of Preferred Stock, the Company agrees to nominate to, and the Management Stockholders and their Permitted Transferees agree to use their best efforts to cause to be elected to, the Company's Board of Directors, such designees as are provided for in Section 4.11 of the Series G Purchase Agreement."
Investor Nominees. In connection with each annual or special meeting of stockholders of the Company at which Directors are to be elected (each such annual or special meeting, an “Election Meeting”), each Investor Party shall have the right to designate for nomination (it being understood that such nomination may include any nomination of any incumbent Investor Director (or a Replacement) by the Board (upon the recommendation of the Nominating and Corporate Governance Committee)) a number of Investor Designees as follows, in each case subject to Section 3.8(a): (A) three (3) Investor Designees, if such Investor Party’s Equity Interest or Voting Interest is greater than or equal to 20%; (B) two (2) Investor Designees, if such Investor Party’s Equity Interest and Voting Interest are both less than 20% but such Investor Party’s Equity Interest or Voting Interest is greater than or equal to 15%; (C) one (1) Investor Designee, if such Investor Party’s Equity Interest and Voting Interest are both less than 15% but such Investor Party’s Equity Interest or Voting Interest is greater than or equal to 5%; and
Investor Nominees. The Investor acknowledgers that the business and affairs of the Company are managed through a board of directors (the “Board”) currently consisting of nine members (each, a “Director”). From time to time and at any time after the Investor Closing and for so long as any principal amount remains outstanding under the Note (or until such right is otherwise terminated as provided for in this Agreement), the Investor (or, if applicable, a Permitted Transferee that is an Affiliate of the Investor) shall be entitled to nominate one Director to serve on the Board (the “Investor Nominee” and, if elected to the Board, the “Investor Director”), such Investor Nominee to initially be Xxxx Xxxxxxxxxxx. The Board shall expand its size to ten members or such number as necessary to accommodate the Investor Nominee.
