Common use of Successor Designees Clause in Contracts

Successor Designees. If a Purchaser Designee shall cease to serve as a director for any reason, the Company’s Board of Directors shall appoint and elect a replacement director to serve out the remaining term of the existing director upon written notice to the Company by the Purchaser.

Successor Designees. If a Purchaser Designee shall cease to serve as a director for any reason, the Company’s Board of Directors shall appoint and elect a replacement director designated by the Purchaser to serve out the remaining term of the existing director upon written notice to the Company by the Purchaserdesignating Lead Investor, but subject to the same approval requirements for Purchaser Designees set forth in Section 4.1 (each individual being so designated being a “Successor Designee”).

Successor Designees. If a Purchaser an Investor Designee shall cease to serve as a director for any reason, the Company’s Board of Directors shall appoint and elect a replacement director to serve out the remaining term of the existing director upon written notice to the Company by the PurchaserInvestor. The Lead Investors may designate a nominee to succeed any such resigning Investor Designee, and the Nominating and Corporate Governance Committee shall consider such nominee for nomination to the Board of Directors.

Successor Designees. If a Purchaser Designee shall cease to serve as a director for any reason, the Company’s Board of Directors Purchaser shall appoint have the right, subject to Subsection 9(c) above, to nominate and elect a replacement director to serve out the remaining term of the existing director upon written notice to the Company by the Purchaser, provided that any replacement must be reasonably acceptable to the Nominating Committee of the Board.