Board Observer Agreement definition

Board Observer Agreement has the meaning set forth in Section 2.2(a)(iv).

Board Observer Agreement. - means the agreement entered into between the CID and the designated board observer, inter alia spelling out the rights and obligations of both parties in the interests of improving good governance mechanisms;

Board Observer Agreement means the board observer agreement between the Issuer and the Majority Bridge Noteholders.

Examples of Board Observer Agreement in a sentence

• The Observer shall be permitted to share information and materials from Board and committee meetings with Advance and Advance’s directors, executive officers, employees involved with respect to Advance’s investment in the Company, attorneys, accountants and tax advisors, provided such information is clearly marked by the Observer as “confidential” and is protected consistent with the obligations under the Board Observer Agreement and with the confidentiality requirements set forth in Section 2.5(b).

• If the closing of the IPO does not occur prior to the date that is six (6) months after the date of this Agreement, this Agreement and the Board Observer Agreement shall be null and void as though never made and no party hereto or thereto shall have any obligations to any other party hereto or thereto in respect of such agreements.

More Definitions of Board Observer Agreement

Board Observer Agreement has the meaning set out in subsection 4.7(j);

Board Observer Agreement means that agreement by and between Purchaser and Xx. Xxx Xxxx, pursuant to which Xx. Xxx Xxxx is granted rights as a board observer with respect to the Purchaser Board attached hereto as Exhibit B.

Board Observer Agreement means an agreement by and among Reorganized Monitronics and each Commitment Party that, as of the Effective Date, receives or is entitled to receive at least 17.5% of the Total Effective Date Shares, pursuant to which each such Commitment Party shall have, for so long as it continues to hold at least 10% of the total outstanding shares of New Common Stock, the right to appoint a non-voting observer to the

Board Observer Agreement means the board observer agreement between the Issuer and the Majority Bridge Noteholders. “Break Costs” means the amount (if any) which a Bridge Noteholder is entitled to receive under Clause 20.4 ( Break Costs). “Bridge Finance Document” means:

Board Observer Agreement means that certain board observer rights agreement, dated as of the Closing Date, that provides, amongst other matters and subject to certain limitations and restrictions, the right for Xxxxxxx to appoint one (1) non-voting observer to the board of directors of the Borrower, in form and substance reasonably satisfactory to the Administrative Agent (it being agreed that the board observer rights agreement entered into on the Closing Date is in form and substance satisfactory to the Administrative Agent).

Board Observer Agreement means the letter agreement dated January 8, 2009 by and between the Borrower and the Lender, pursuant to which the Borrower has granted to the Lender certain observer rights with respect to the Board of Directors of the Borrower.

Board Observer Agreement means that certain Board Observer Agreement among the Administrative Agent and Xxxxxxxx.