Representation on Board of Directors. Member shall have the right to appoint a single representative to the Board of Directors, and such representative shall have five votes.
Representation on Board of Directors. So long as any Shares remain outstanding, the Company will use its best efforts to cause and maintain the election to the Board of Directors of (a) two people designated by the holders of a majority of the Series C Preferred Stock outstanding, including Common Stock issued upon conversion of such Series C Preferred Stock (each a "Series C Director"), and (b) two people designated by the holders of a majority of the Series A and Series B Preferred Stock outstanding, including Common Stock issued upon conversion of such Series A and B Preferred Stock. One Series C Director shall be designated by The Sprout Group and the other Series C Director shall be designated, subject to the consent of The Sprout Group, by a holder of at least 2,419,355 shares of Series C Preferred Stock in the aggregate. In the event that two or more holders of Series C Preferred Stock, other than The Sprout Group, each hold in excess of 2,419,355 shares of Series C Preferred Stock, then that holder holding the greatest number of shares of Series C Preferred Stock shall have the right to designate the remaining Series C Director. In the event that two or more such holders hold an equal number of Series C Preferred Stock, then The Sprout Group shall determine which of them shall designate the remaining Series C Director. For the purposes of this paragraph, a "holder" shall include the affiliates of any holder.
Representation on Board of Directors. Member shall have no right to appoint a representative to the Board of Directors.
Representation on Board of Directors. The Management Company shall take such actions as may be necessary to provide that a physician member of the Medical Group may attend and observe meetings of the Management Company's Board of Directors; provided, however, that such physician member shall not be entitled to vote on any matters acted upon by the Management Company's Board of Directors; provided further, that the obligations under this Section 17.8 shall become null and void upon the consummation of an initial public offering of the Management Company's common stock.
Representation on Board of Directors. The Company shall maintain its Board of Directors in accordance with the terms of its Restated Certificate of Incorporation and the Certificate of Designation. The Company shall maintain a provision in its Bylaws or charter providing for the indemnification of its directors to the fullest extent permitted by the laws of Delaware.
Representation on Board of Directors. So long as the shares of the Company's Common Stock issued or issuable under the Warrants or Notes (as defined in the Loan Agreement) and any other equity securities held by the Investors constitute at least ten
Representation on Board of Directors. Each of Alignvest and Sagicor shall take all necessary actions such that at the Effective Time the Alignvest Board shall be comprised of the following directors: Dxxxxxxx Xxxxxx, Sxxxxxx XxXxxxxx, Sxx Xxxxxx Xxxxxxx, Pxxxx Xxxxxx, Sxxxxxx Xxxxx, Mxxxxx Xxxx and Jxxx Xxxxxxx (as nominees of Sagicor), and Mxxxxxx Xxxxxx, Txxxxxx Xxxxxxx, Rxxx Xxxxxx, Rxx Xxxxxxxx and Axxxx Xxxxxxxx (as nominees of Alignvest II LP and the parties to the K and H Subscription Agreements). If any such person is unable to serve for any reason the nominating party shall have the right to nominate a replacement”.
Representation on Board of Directors. The Sellers have been represented on the Board of Directors of NBC by both Xxxxx Xxxxx and Xxxxx Xxxxxxxx Xxxxx, each of whom has been fully advised of all matters known to the Board of Directors generally about NBC, its financial condition, earnings and prospects. The Sellers, represented by Xxxxx Xxxxx and Xxxxx Xxxxxxxx Xxxxx, approached NBC with a proposal to sell their Shares, including the amount of the Purchase Price.
Representation on Board of Directors. (a) For such period of time as ServiceMaster owns shares of Voting Stock and/or the Warrant, ServiceMaster shall be entitled to select, appoint and be represented by one member of Mutual's Board of Directors (the "Board"). ServiceMaster's initial Board representative shall be Kenneth Hooten, who shall xxxxx xxxxx xe resigns or is replaced by ServiceMaster at the next annual meeting of Mutual's shareholders at which directors are elected. Any replacement of ServiceMaster's initial representative on the Board shall be pre-approved by Mutual, which approval shall not be unreasonably withheld. In connection with the above, Mutual represents and warrants that its Bylaws permit the Board to increase the number of directors on the Board from eight (8) to nine (9).
Representation on Board of Directors. If the Partnership converts to a corporation, limited liability company or other entity (whether by virtue of corporate reorganization, merger, conversion or otherwise)(herein referred to as the "Successor Entity"): (i) the Class C Limited Partners, for so long as the Class C Limited Partners hold at least 10% of the equity interests (capital stock, membership interests or otherwise) of the Successor Entity, they shall have the right to designate one director or manager of such entity; (ii) Xxxxxxxx, for so long as Xxxxxxxx holds at least 2.5% of the equity interests (capital stock, membership interests or otherwise) of the Successor Entity (either directly or indirectly through their limited partner interest in Xxxx), it shall have the right to designate one director or manager of such entity; and (iii) Trout, for so long as Trout holds at least 20% of the equity interest (capital stock, member interest or otherwise) of the Successor Entity, it shall have the right to designate up to five (5) directors or managers of such entity. Provided, however, should Xxxxxxxx not exercise its option to purchase $500,000.00 in additional Units prior to the Expiration Date, as provided in Section 3.c. of this Second Amendment, then its right to designate a director or manager shall be subject to termination in the discretion of the Partnership or the Successor Entity. Provided, further, should Trout elect to waive its right to designate any directors (so that it has no right to designate any director or manager) in connection with a sale of securities of the Partnership or Successor Entity which raises $10,000,000.00 or more, then the Class C Limited Partners and Xxxxxxxx will agree to waive their designation right as well. There shall be not more than 7 directors or managers of the Successor Entity, except upon the consent of the Class C Limited Partners and Xxxxxxxx (so long as Xxxxxxxx has a designation right). The designation of the director or manager by the Class C Limited Partners shall be determined by a vote of 65% of the Class C Limited Partners other than Xxxxxxxx for so long as Xxxxxxxx has a right to designate a director or manager, and thereafter upon the Approval of the Class C Limited Partners (including Xxxxxxxx).
