Board Observer Rights. (a) During such time as GS owns at least 2.5% of the Total Voting Power but less than 5% of the Total Voting Power, GS shall be entitled to have an Observer in addition to its one (1) remaining nominee to the Board. During such time as Highstar owns at least 2.5% of the Total Voting Power but less than 5% of the Total Voting Power, Highstar shall be entitled to have an Observer in addition to its one (1) remaining nominee to the Board.
Appears in 4 contracts
Samples: Shareholders Agreement (Kinder Morgan Holdco LLC), Shareholders Agreement (Kinder Morgan, Inc.), Shareholders Agreement (Kinder Morgan, Inc.)
