Director Resignations definition

Director Resignations means duly executed letters of resignation, in a form reasonably acceptable to each of FH and XC, from each of the individuals on the XC Board not designated to remain on the XC Board from and after the SA Closing pursuant to Section 5.20(a), providing for such individual’s resignation from the XC Board effective as of the SA Closing.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Director Resignations means duly executed letters of resignation, in a form reasonably acceptable to each of FH and XC, from each of the individuals on the FX Board, providing for such individual’s resignation from the FX Board effective as of the RA Closing.

Director Resignations has the meaning set forth in Section 2.05(b).

Examples of Director Resignations in a sentence

• Duly executed Director Resignations from the applicable members of the XC Board (the “Resigning XC Directors”), effective as of immediately after the SA Closing.

• Duly executed Director Resignations from the applicable members of the FX Board selected by the mutual agreement of FH and XC, effective as of immediately after the RA Closing.

• The Company shall have obtained and delivered the Director Resignations as set forth in Section 5.8.

• Immediately prior to the Closing, and as a condition to MFC's obligation to consummate the Merger, all then current directors of Community other than the Continuing Directors will submit written resignations from their positions as directors, effective as of the Effective Time (the "Director Resignations"), and Community's Board of Directors will accept those Director Resignations.

• Director Resignations............................................

• The Company shall have obtained and delivered the Director Resignations as set forth in Section 5.9.

• The Director Resignations shall be in full force and effect at the Closing Date.

• BHRB shall have received and accepted the BHRB Director Resignations, and SMMF shall have received a certificate, dated as of the Closing Date, signed on behalf of BHRB by the Corporate Secretary of BHRB to such effect.

• BRBS shall have received and accepted the Director Resignations, and FVCB shall have received a certificate, dated as of the Closing Date, signed on behalf of BRBS by the Corporate Secretary of BRBS to such effect.

• Director Resignations 46 ARTICLE 7 COVENANTS OF PARENT 47 Section 7.01.

More Definitions of Director Resignations

Director Resignations means the resignations, effective on the date on which the Escrow Agent releases and delivers the Escrowed Property and other documents pursuant to Section 5.2 of this Escrow Agreement, of each of Ian M. Cumming, Joseph S. Steinberg, Alan J. Hirsch▇▇▇▇▇ ▇▇▇ ▇▇▇▇re▇ ▇. ▇▇▇▇ ▇▇▇▇ ▇▇▇ Bo▇▇▇ ▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇ the ▇▇▇▇▇▇▇, ▇▇▇▇▇▇ of which are attached hereto as Exhibit C, and any additional resignations delivered in accordance with Section 5.6 hereof.

Director Resignations means the resignations of the current Badger directors who will not be directors on the Reconstituted Badger Board.

Director Resignations. [Intentionally omitted].