Multiple Holders. If a Founding Member and one or more of its Permitted Transferees hold Membership Units at the same time, such Founding Members and Permitted Transferee(s) shall designate one of them to act on behalf of all of them for the purpose of exercising the rights granted under this Section 2.
Appears in 2 contracts
Sources: Director Designation Agreement (National CineMedia, Inc.), Director Designation Agreement (National CineMedia, Inc.)