Examples of Initial Shareholder in a sentence
The address for such notices and communications shall be as follows: If to the Initial Shareholder, to: LandBridge Holdings LLC 0000 Xxx Xxxxxx Xxxxxx, Suite 1200 Houston, Texas 77056 Email: [•] Attn: [•] with a copy (which shall not constitute notice) to: Xxxxxx & Xxxxxx L.L.P. 000 Xxxxx Xxxxxx, Xxxxx 0000 Houston, Texas 77002 Email: xxxxxxx@xxxxx.xxx xxxxxx@xxxxx.xxx Attn: Xxxxx Xxxxxx Xxxxxx Xxxxxxx X.
It is understood by the parties hereto that the Initial Shareholder shall not be required to have its directors represented on any committee and any failure to exercise such right in this section in a prior period shall not constitute any waiver of such right in a subsequent period.
For so long as the Initial Shareholder is entitled to designate one or more directors to the Board, it shall also have the right to appoint up to a number of board observers (a “Board Observer”) equal to the number of directors it is entitled to designate pursuant to Section 3.1. A Board Observer shall be entitled to attend all meetings (including telephonic meetings) of the Board and its Committees and receive all related materials of the Board and its Committees as an observer.
The Initial Shareholder may at any time replace any individual then serving as a Board Observer with another individual appointed by the Initial Shareholder to serve as a successor Board Observer.
A Person that is a transferee of Company Securities from the Initial Shareholder after the date hereof shall become a Shareholder hereunder, without any further action by the Company, if such Person is, directly or indirectly, under common control with the Initial Shareholder.