Common use of Investor Director Vacancies Clause in Contracts

Investor Director Vacancies. If an Investor Director position becomes vacant for a reason other than pursuant to the operation of Section 7.3(c)(iv) or Section 7.3(d)(i), then the Nominating Investor Holdco Member which then has the right to nominate the Investor Director pursuant to the Investor Director Nomination Rotation shall promptly provide the name of its replacement Investor Director nominee to the Nominating Committee, and the Nominating Committee shall recommend such nominee to Holdco to be elected to fill such Investor Director vacancy. Holdco shall promptly elect as an Investor Director the individual so recommended by the Nominating Committee.

Appears in 5 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement

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