Common use of Purchaser Designations Clause in Contracts

Purchaser Designations. With respect to the Class B Directors, each Purchaser shall have the right to designate a number of such Class B Directors as is equal to its Pro Rata Number; provided, however, that if any Purchaser Transfers shares of Class B Stock or Exchangeable Stock to the other Purchaser pursuant

Appears in 3 contracts

Sources: Governance Agreement (Time Warner Inc/), Governance Agreement (Cdnow Inc/Pa), Governance Agreement (Time Warner Inc/)