Common use of Directors’ Resignations Clause in Contracts

Directors’ Resignations. All Directors of the Company shall have tendered their resignations effective as of the Closing and shall have been replaced by nominees acceptable to Purchasers.

Appears in 2 contracts

Samples: 9 Transaction Agreement (Blum Richard C & Associates L P), 9 Transaction Agreement (Kinetic Concepts Inc /Tx/)

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Directors’ Resignations. All Directors of the Company shall have tendered their resignations effective as of the Closing and shall have been replaced by nominees acceptable to Purchasers. SECTION 7.02.

Appears in 1 contract

Samples: Transaction Agreement (Kci New Technologies Inc)

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Directors’ Resignations. All Directors Buyer shall have received the written resignation of each of the directors of the Company shall have tendered their resignations effective as of the Closing and shall have been replaced by nominees acceptable to PurchasersDate.

Appears in 1 contract

Samples: Stock Purchase Agreement (International Wire Group Inc)

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