Reduction; Termination of Rights Sample Clauses

Reduction; Termination of Rights. The rights of the Designating Holders to designate Directors under this Section 2.1 shall be reduced and terminated, as applicable, as follows:
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Reduction; Termination of Rights. The right of the Holder to --------------------------------- designate directors under this Section 4.1 shall be reduced and terminate as follows: If at any time after the Second Closing the number of shares of Common Stock and 8% Preference Shares (assuming conversion of such shares into Common Stock) held of record by Purchaser and its Affiliates, collectively, represent less than the below specified percentage of the number of shares of Common Stock into which a number of 8% Preference Shares equal to the Original Number would be convertible as of such time of determination, the number of directors that Holder shall be entitled to designate shall be reduced to the number indicated:
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Reduction; Termination of Rights. The rights of the Appointing Persons to designate Directors under this Section 2.1 shall be reduced and terminated, as applicable, as follows: Notwithstanding anything to the contrary in Sections 2.1(a)(i)(A) and 2.1(h), if any Appointing Person with the right to designate directors pursuant to Section 2.1(a)(i)(A) (A) has a Securityholder Ownership Percentage of less than 30% but greater than or equal to 20% and has the right to designate more than two Directors pursuant to Section 2.1(a)(i)(A), the number of Directors such Appointing Person has the right to designate pursuant to Section 2.1(a)(i)(A) shall be reduced to two Directors, and (B) has a Securityholder Ownership Percentage of less than 20% but greater than or equal to 10% and has the right to designate more than one Director pursuant to Section 2.1(a)(i)(A), the number of Directors such Appointing Person has the right to designate pursuant to Section 2.1(a)(i)(A) shall be reduced to one Director; provided that if the Company issues Fully Diluted Securities in a transaction under Clause (B) of Permitted Offering that does not trigger the preemptive rights under Section 5.1, the ownership percentages in this Section 2.1(k) shall be adjusted for the new Fully Diluted Securities issued in such Permitted Offering.
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Reduction; Termination of Rights. The right of the Stockholder to designate directors under this Section 8 shall be reduced and terminated as follows:
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Reduction; Termination of Rights. The right of Hxxxx Muse and the NHM Subordinated Noteholders to designate directors under this Section 4. 1 shall be reduced and terminate as follows: If at any time after the Distribution Date the number of shares of Common Stock and 9% Preference Shares (assuming conversion of such shares into Common Stock) held of record by (i) Hxxxx Muse and its Affiliates, collectively, or (ii) the NHM Subordinated Noteholders and their Affiliates, collectively, represent less than the below specified percentage of the number of the HM Plan Voting Securities or the NHMSN Plan Voting Securities, as applicable (in each case, the number of shares constituting HM Plan Voting Securities and NHMSN Plan Voting Securities shall be determined assuming full conversion of 9% Preference Shares into the number of shares of Common Stock into which such 9% Preference Shares are convertible as of such time of determination), the number of directors and compensation committee members that Hxxxx Muse and the NHM Subordinated Noteholders shall be entitled to designate shall be reduced to and/or equal the number indicated: PERCENTAGE OF HM PLAN VOTING SECURITIES HELD HXXXX MUSE BY HXXXX MUSE AND HXXXX MUSE COMPENSATION COMMITTEE ITS AFFILIATES DIRECTORS MEMBERS --------------------------- --------- ---------------------- Less than 80% but equal to or 4 2 more than 60% Less than 60% but equal to or 3 2 more than 40% Less than 40% but equal to or 2 1 more than 20% Less than 20% but equal to or 1 1 more than 10% Less than 10% 0 0 PERCENTAGE OF NHMSN PLAN VOTING SECURITIES NHM HELD BY NHM SUBORDINATED SUBORDINATED NOTEHOLDER NOTE/SOLDERS NHM SUBORDINATED COMPENSATION COMMITTEE AND THEIR AFFILIATES NOTEHOLDER DIRECTORS MEMBERS --------------------- --------------------- ----------------------- Less than 70% but equal to or 2 1 more than 40% Less than 40% but equal to or 1 1 more than 10% Less than 10% 0 0 Upon written request to Hxxxx Muse or NHM Subordinated Noteholders at any time that the number of Agreed Designees exceeds the number of directors Hxxxx Muse or NHM Subordinated Noteholders shall be entitled to designate pursuant to this Section 4.1.6, Hxxxx Muse or NHM Subordinated Noteholders shall cause one or more of its Agreed Designees to resign from the Board as necessary to reduce the number of Hxxxx Muse or NHM Subordinated Noteholders designees to the number such Persons are then entitled to designate.
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Related to Reduction; Termination of Rights

  • Termination of Rights The Right of First Refusal and the Company's right to repurchase the Shares in the event of an involuntary transfer pursuant to Section 3(c) above shall terminate upon the first sale of Common Stock of the Company to the general public pursuant to a registration statement filed with and declared effective by the Securities and Exchange Commission under the Securities Act of 1933, as amended (the "Securities Act"). Upon termination of the Right of First Refusal and the expiration or exercise of the Repurchase Option, a new certificate or certificates representing the Shares not repurchased shall be issued, on request, without the legend referred to in Section 6(a)(ii) below and delivered to Purchaser.

  • Effect of Termination; Termination Fee (a) In the event of the termination and abandonment of this Agreement pursuant to Section 10.1, the Agreement shall terminate and have no effect, except as otherwise provided herein and except that the provisions of this Section 10.2, Section 10.5 and Article 11 of this Agreement shall survive any such termination and abandonment.

  • TERM, TERMINATION, AND MODIFICATION OF RIGHTS 13.1 This Agreement is effective when signed by all parties, unless the provisions of Paragraph 14.16 are not fulfilled, and shall extend to the expiration of the last to expire of the Licensed Patent Rights unless sooner terminated as provided in this Article 13.

  • Term; Termination of Agreement This Agreement shall continue in force for a period of one year from the date hereof, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. It is the duty of the Independent Directors to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

  • Expiration/Termination The term of this Agreement will commence on the Effective Date and expire at the end of the period specified in the “Term” Section of the Business Terms Exhibit, unless sooner terminated pursuant to the provisions of this Section 9 or extended by mutual written agreement of the parties (the “Term”). The Company may terminate this Agreement at any time with or without cause upon not less than ten (10) days’ prior written notice to Consultant. Consultant may terminate this Agreement at any time with or without cause upon not less than sixty (60) days’ prior written notice to the Company. Any expiration or termination of this Agreement shall be without prejudice to any obligation of either party that has accrued prior to the effective date of expiration or termination. Upon expiration or termination of this Agreement, neither Consultant nor the Company will have any further obligations under this Agreement, except that (a) Consultant will terminate all Consulting Services in progress in an orderly manner as soon as practicable and in accordance with a schedule agreed to by the Company, unless the Company specifies in the notice of termination that Consulting Services in progress should be completed; (b) Consultant will deliver to the Company all Work Product made through expiration or termination; (c) the Company will pay Consultant any monies due and owing Consultant, up to the time of termination or expiration, for Consulting Services properly performed and all authorized expenses actually incurred; (d) Consultant will immediately return to the Company all Company Materials and other Confidential Information and copies thereof provided to Consultant under this Agreement; and (e) the terms, conditions and obligations under Sections 3 (last sentence), 4, 5, 6, 7, 8, 9, and 10 and the EU Data Privacy Exhibit will survive expiration or termination of this Agreement.

  • Effect of Termination for Cause If Employee's employment is terminated "For Cause":

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