Common use of Initial Designation Clause in Contracts

Initial Designation. The initial directors designated by the Investors pursuant to Section 3.1(a) are ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ (who shall serve as a Class III director designated by VantagePoint in accordance with the Certificate) and ▇▇▇▇▇▇ ▇▇▇▇▇ (who shall serve as a Class I director designated by Kennet in accordance with the Certificate).