Common use of Resignation of Directors Clause in Contracts

Resignation of Directors. Prior to the Effective Time, the Company shall deliver to Buyer evidence satisfactory to Buyer of the resignation of all directors of the Company (except as requested by Buyer) effective at the Effective Time.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Enterprise Software Inc), Agreement and Plan of Merger (Knot Inc), Agreement and Plan of Merger (Enterprise Software Inc)

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Resignation of Directors. Prior to the Effective Time, the Company shall use its commercially reasonable efforts to deliver to Buyer Acquiror evidence satisfactory to Buyer Acquiror of the resignation of all directors of the Company (except as requested by Buyer) Company, effective at the Effective Time.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Cbre Holding Inc), Agreement and Plan of Merger (Cb Richard Ellis Corporate Facilities Management Inc), Agreement and Plan of Merger (Insignia Financial Group Inc /De/)

Resignation of Directors. Prior Immediately prior to the Effective Time, the Company shall deliver to Buyer Parent evidence satisfactory to Buyer of the resignation of all directors of the Company (except Company, such resignations to become effective as requested by Buyer) effective at of the Effective Time.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Hytek Microsystems Inc), Agreement and Plan of Merger (Natel Engineering Company, Inc.)

Resignation of Directors. Prior to the Effective Time, the Company shall deliver to Buyer Parent evidence satisfactory to Buyer Parent of the resignation resignations of all each of the directors of the Company (except from the Board of Directors of the Company and all committees thereof, such resignations to be effective as requested by Buyer) effective at of the Effective Time.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (HeartWare International, Inc.), Agreement and Plan of Merger (Thoratec Corp)

Resignation of Directors. Prior to At the Effective TimeClosing, the Company shall deliver to Buyer the Purchaser evidence satisfactory to Buyer the Purchaser of the resignation of all directors of the Company (except effective as requested by Buyer) effective at of the Effective Time.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Ipsen, S.A.), Agreement and Plan of Merger (Tercica Inc)

Resignation of Directors. Prior to the Effective Time, the Company shall deliver to Buyer Parent and Merger Sub evidence reasonably satisfactory to Buyer Parent and Merger Sub of the resignation resignations (effective as of the Effective Time) of (i) all directors of the Company and each of its Subsidiaries and (except ii) the officers of the Company and each of its Subsidiaries, as shall be requested by Buyer) effective at Parent prior to the Effective Time.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Lubrizol Corp), Agreement and Plan of Merger (Sovereign Specialty Chemicals Inc)

Resignation of Directors. Prior to the Effective Time, the Company shall deliver to Buyer Acquiror evidence satisfactory to Buyer Acquiror of the resignation of all directors of the Company (except as requested by Buyer) effective at the Effective Time.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Cb Richard Ellis Group Inc), Agreement and Plan of Merger (Trammell Crow Co)

Resignation of Directors. Prior to At the Effective TimeClosing, the Company shall deliver to Buyer evidence reasonably satisfactory to Buyer of the resignation resignation, as specified by Buyer at least five Business Days in advance of all the Closing, of the directors of each Subsidiary of the Company (except as requested by Buyer) Company, in each case, effective at the Effective Time.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Beasley Broadcast Group Inc)

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Resignation of Directors. Prior to the Effective Time, the Company shall deliver to Buyer each Holdco evidence satisfactory to Buyer such Holdco of the resignation of all directors of the Company (except as requested by Buyer) Company, effective at the Effective Time.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Regal Cinemas Inc)

Resignation of Directors. Prior to the Effective Time, the Company shall deliver to Buyer Acquisition Co. evidence satisfactory to Buyer Acquisition Co. of the resignation of all directors of the Company (except as requested by BuyerAcquisition Co.) effective at the Effective Time.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Enstar Inc)

Resignation of Directors. Prior to the Effective Time, the Company shall deliver use reasonable efforts to Buyer evidence satisfactory to Buyer of the resignation of all directors cause each member of the Company (except Board to execute and deliver a letter effectuating his or her resignation as requested by Buyer) a director of the Company Board effective at the Effective Time.

Appears in 1 contract

Samples: Agreement and Plan of Merger (USMD Holdings, Inc.)

Resignation of Directors. Prior to the Effective Time, the Company ------------------------ shall deliver to Buyer Parent evidence satisfactory to Buyer Parent of the resignation of all such directors of the Company (except as requested by Buyer) Parent shall specify, which resignations shall be effective at the Effective Time.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Mirage Resorts Inc)

Resignation of Directors. Prior to At the Effective TimeClosing, if requested by Acquiror, the Company shall deliver to Buyer Acquiror evidence reasonably satisfactory to Buyer Acquiror of the resignation of any or all the directors of the Company (except as requested by Buyer) and any Subsidiary, effective at the Effective Time.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Teradata Corp /De/)

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