Other Vacancies. (a) If ▇▇▇▇▇▇▇▇, Spectrum or Alta ceases to have the right to designate a director pursuant to Section 4.1, such party shall promptly cause the director designated by it to resign if so requested by Pagon (or, in the event of his death or incapacity, by PCLP or another person appointed for Pagon for this purpose), except that in case of the loss pursuant to Section 4.1(a)(1) or of the right of ▇▇▇▇▇▇▇▇ to designate a director, as the case may be, which also results in the termination of this Agreement pursuant to Section 4.3, such party shall cause the director designated by it to resign not later than the date on which this Agreement terminates. (b) Failing any resignation required by subsection (a), the affected director or directors may be removed in the manner provided by law. (c) If a vacancy occurs in the Board of Directors by reason of any required resignation or permitted removal described in subsection (a) or (b), the Board of Directors (as constituted after giving effect to such vacancy) shall either (1) reduce the number of directors to eliminate the vacancy or (2) instruct the Nominating Committee to nominate an Independent Director to fill the vacancy. (d) The size of the Board of Directors may be increased as provided by law. Each director elected to fill any position created by an increase in the size of the Board of Directors shall be an Independent Director. (e) No party to this Agreement will take any action to fill a vacancy created under this Section 3.3 by a person who is not an Independent Director. Otherwise, Section 2.1 shall not apply to the election of directors to fill vacancies created under this Section 3.3.
Appears in 3 contracts
Sources: Voting Agreement (Pegasus Communications Corp), Voting Agreement (Pagon Marshall W), Voting Agreement (Alta Subordinated Debt Partners Iii Lp)
Other Vacancies. (a) If Columbia Capital, Whitney or ▇▇▇▇▇▇▇▇, Spectrum or Alta ▇ ceases to have the right to designate a director pursuant to Section 4.1, such party shall promptly cause the director designated by it to resign if so requested by Pagon (or, in the event of his death or incapacity, by PCLP or another person appointed for Pagon for this purpose), except that in case of the loss pursuant to Section 4.1(a)(1), (b)(1) or (c)(1) of the right of Columbia Capital, Whitney or ▇▇▇▇▇▇▇▇ to designate a director, as the case may be, which also results in the termination of this Agreement pursuant to Section 4.3, such party shall cause the director designated by it to resign not later than the date on which this Agreement terminates.
(b) . Failing any resignation required by subsection (a)such resignation, the affected such director or directors may be removed in the manner provided by law.
(c) . If a vacancy occurs in the Board of Directors by reason of any such required resignation or permitted removal described in subsection (a) or (b)removal, the Board of Directors (as constituted after giving effect to such vacancy) shall either (1) reduce the number of directors to eliminate the vacancy or (2) instruct the Nominating Committee to nominate an Independent Director to fill the vacancy.
(db) The size of the Board of Directors may be increased as provided by law. Each director elected to fill any position created by an increase in the size of the Board of Directors shall be an Independent Director.
(ec) No party to this Agreement will take any action to fill a vacancy created under this Section 3.3 by a person who is not an Independent Director. Otherwise, Section
2.1 shall not apply to the election of directors to fill vacancies created under this Section 3.3.
Appears in 3 contracts
Sources: Voting Agreement (Pegasus Communications Corp), Voting Agreement (Pagon Marshall W), Merger Agreement (Pegasus Communications Corp)
Other Vacancies. (a) If Columbia Capital, Whitney or ▇▇▇▇▇▇▇▇, Spectrum or Alta ▇ ceases to have the right to designate a director pursuant to Section 4.1, such party shall promptly cause the director designated by it to resign if so requested by Pagon (or, in the event of his death or incapacity, by PCLP or another person appointed for Pagon for this purpose), except that in case of the loss pursuant to Section 4.1(a)(1), (b)(1) or (c)(1) of the right of Columbia Capital, Whitney or ▇▇▇▇▇▇▇▇ to designate a director, as the case may be, which also results in the termination of this Agreement pursuant to Section 4.3, such party shall cause the director designated by it to resign not later than the date on which this Agreement terminates.
(b) . Failing any resignation required by subsection (a)such resignation, the affected such director or directors may be removed in the manner provided by law.
(c) . If a vacancy occurs in the Board of Directors by reason of any such required resignation or permitted removal described in subsection (a) or (b)removal, the Board of Directors (as constituted after giving effect to such vacancy) shall either (1) reduce the number of directors to eliminate the vacancy or (2) instruct the Nominating Committee to nominate an Independent Director to fill the vacancy.
(db) The size of the Board of Directors may be increased as provided by law. Each director elected to fill any position created by an increase in the size of the Board of Directors shall be an Independent Director.
(ec) No party to this Agreement will take any action to fill a vacancy created under this Section 3.3 by a person who is not an Independent Director. Otherwise, Section,
Section 2.1 shall not NOT apply to the election of directors to fill vacancies created under this Section 3.3.
Appears in 1 contract