Number of Board Members. The Company shall use its commercially reasonable efforts to cause its Certificate of Incorporation to be amended to increase the number of members on the Board of Directors of the Company to accommodate any additional directors, including, without limitation, the Investor Nominee, to be designated by DBSI pursuant to the terms hereof and/or the Principal Additional Investor pursuant to the Principal Additional Investor Standstill Agreement.
Appears in 4 contracts
Samples: Equity Purchase and Commitment Agreement (Hli Operating Co Inc), Equity Purchase and Commitment Agreement (Hli Operating Co Inc), Standstill and Director Nomination Agreement (Hli Operating Co Inc)
Number of Board Members. The Company shall use its commercially reasonable efforts to cause its Certificate of Incorporation to be amended to increase the number of members on the Board of Directors of the Company to accommodate any additional directors, including, without limitation, the Investor Silver Point Nominee, to be designated by DBSI Silver Point pursuant to the terms hereof and/or the Principal Additional Investor DBSI pursuant to the Principal Additional Investor DBSI Standstill Agreement.
Appears in 2 contracts
Samples: Form of Standstill and Director Nomination Agreement (Hli Operating Co Inc), Standstill and Director Nomination Agreement (Hli Operating Co Inc)
