Common use of Director Replacements Clause in Contracts

Director Replacements. In the event that any SLP Director Nominee shall cease to serve as a director for any reason (other than the reduction in the right to nominate pursuant to Section 3.1(c)(i)), the SLP Stockholders shall have the right to nominate another SLP Director Nominee to fill the vacancy resulting therefrom. Additionally, the SLP Stockholders shall take all actions, including voting any Securities, that may be required in order to elect any such SLP Director Nominee or any MD Director Nominee nominated pursuant to Section 3(c)(iii) of the MD Stockholders Agreement so long as an SLP Director Nominee is then serving on the Board. For the avoidance of doubt, it is understood that the failure of the stockholders of the Company to elect any SLP Director Nominee shall not affect the right of the SLP Stockholders to nominate any SLP Director Nominee for election pursuant to Section 3.1(c)(i) in connection with any future election of directors of the Company.

Director Replacements. In the event that any SLP MD Director Nominee shall cease to serve as a director for any reason (other than the reduction in the right to nominate pursuant to Section 3.1(c)(i)), the SLP MD Stockholders shall have the right to nominate another SLP MD Director Nominee to fill the vacancy resulting therefrom. Additionally, the SLP MD Stockholders shall take all actions, including voting any Securities, that may be required in order to elect any such SLP MD Director Nominee or any MD SLP Director Nominee nominated pursuant to Section 3(c)(iii) of the MD SLP Stockholders Agreement so long as an SLP a MD Director Nominee is then serving on the Board. For the avoidance of doubt, it is understood that the failure of the stockholders of the Company to elect any SLP MD Director Nominee shall not affect the right of the SLP MD Stockholders to nominate any SLP MD Director Nominee for election pursuant to Section 3.1(c)(i) in connection with any future election of directors of the Company.