Common use of Changes in Designees Clause in Contracts

Changes in Designees. From time to time during the term of this Agreement, Voting Parties who hold sufficient Shares to select a Designee pursuant to this Agreement may, in their sole discretion: (a) notify the Company in writing of an intention to remove from the Board any incumbent Designee who occupies a seat on the Board for which such Voting Parties are entitled to designate the Designee; or (b) notify the Company in writing of an intention to select a new Designee for election to a seat on the Board for which such Voting Parties are entitled to designate the Designee (whether to replace a prior Designee or to fill a vacancy in such seat on the Board). In the event of such an initiation of a removal or selection of a Designee under this section, the Company shall take such reasonable actions as are necessary to facilitate such removals or elections, including, without limitation, soliciting the votes of the appropriate stockholders, and the Voting Parties shall vote their Shares to cause: (a) the removal from the Board of the Designee or Designees so designated for removal; and (b) the election to the Board of any new Designee or Designees so designated.

Changes in Designees. From time to time during the term of this Agreement, Voting Parties who hold sufficient Shares to select a Designee pursuant to this Agreement Chicago Investor or New York Investor may, in their sole discretion: (a) notify the Company in writing of an intention to remove from the Company’s Board of Directors any then incumbent Designee who occupies a Board of Directors seat on the Board for which such Voting Parties Chicago Investor or New York Investor, respectively, are entitled to designate choose the Designee; or (b) notify the Company in writing of an intention to select a new Designee for election to a Board seat on the Board for which such Voting Parties Chicago Investor or New York Investor, respectively, are entitled to designate choose the Designee (whether to replace a prior Designee or to fill a vacancy in such seat on the BoardBoard of Directors seat). ; In the event of such an initiation of a removal or selection of a Designee under this section, the Company shall take such reasonable actions as are necessary to facilitate such removals or elections, including, without limitation, including soliciting the votes of the appropriate stockholders, and the Voting Parties Holders shall vote their Shares to cause: (ay) the removal from the Company’s Board of Directors of the Designee or Designees so designated for removal; and (bz) the election to the Company’s Board of Directors of any new Designee or Designees so designated. Notwithstanding the foregoing sentence, the Company shall not be required to hold a special meeting of stockholders to replace a Designee.

Changes in Designees. From time to time during the term of this Agreement, Voting Parties who hold sufficient Shares to select a Designee pursuant to this Agreement Chicago Investor or New York Investor may, in their sole discretion: (a) notify the Company in writing of an intention to remove from the Company's Board of Directors any then incumbent Designee who occupies a Board of Directors seat on the Board for which such Voting Parties Chicago Investor or New York Investor, respectively, are entitled to designate choose the Designee; or (b) notify the Company in writing of an intention to select a new Designee for election to a Board seat on the Board for which such Voting Parties Chicago Investor or New York Investor, respectively, are entitled to designate choose the Designee (whether to replace a prior Designee or to fill a vacancy in such seat on the BoardBoard of Directors seat). ; In the event of such an initiation of a removal or selection of a Designee under this section, the Company shall take such reasonable actions as are necessary to facilitate such removals or elections, including, without limitation, including soliciting the votes of the appropriate stockholders, and the Voting Parties Holders shall vote their Shares to cause: (ay) the removal from the Company's Board of Directors of the Designee or Designees so designated for removal; and (bz) the election to the Company's Board of Directors of any new Designee or Designees so designated. Notwithstanding the foregoing sentence, the Company shall not be required to hold a special meeting of stockholders to replace a Designee.

Changes in Designees. From time to time during the term of this Agreement, Voting Parties Investors who hold sufficient Shares to select a Designee pursuant to this Agreement may, in their sole discretion: : (ai) notify the Company in writing of an intention to remove from the Company's Board of Directors any incumbent Designee who occupies a Board seat on the Board for which such Voting Parties Investors are entitled to designate the Designee; or or (bii) notify the Company in writing of an intention to select a new Designee for election to a Board seat on the Board for which such Voting Parties are entitled to designate the Designee (whether to replace a prior Designee or to fill a vacancy in such seat on the BoardBoard seat). In the event of such an initiation of a removal or selection of a Designee under this section, the Company shall take such reasonable actions as are necessary to facilitate such removals or elections, including, without limitation, soliciting the votes of the appropriate stockholders, and the Voting Parties Investors shall vote their Shares to cause: (ai) the removal from the Company's Board of Directors of the Designee or Designees so designated for removal; and (bii) the election to the Company's Board Directors of any new Designee or Designees so designated.”

Changes in Designees. From time to time during the term of this Agreement, Voting Parties Shareholders who hold sufficient Shares to select a Designee pursuant to this Agreement may, in their sole discretion: (ai) notify the Company in writing of an intention to remove from the Company’s Board of Directors any incumbent Designee who occupies a Board seat on the Board for which such Voting Parties Shareholders are entitled to designate the Designee; or (bii) notify the Company in writing of an intention to select a new Designee for election to a Board seat on the Board for which such Voting Parties Shareholders are entitled to designate the Designee (whether to replace a prior Designee or to fill a vacancy in such seat on the BoardBoard seat). In the event of such an initiation of a removal or selection of a Designee under this sectionSection 5(c), the Company shall take such reasonable actions as are necessary to facilitate such removals or elections, including, without limitation, soliciting the votes of the appropriate stockholdersShareholders, and the Voting Parties Shareholders shall vote their Shares to cause: (ax) the removal from the Company’s Board of Directors the Designee or Designees so designated for removal; and (by) the election to the Company’s Board of Directors of any new Designee or Designees so designated.