Irrevocable Resignation Letter definition
Examples of Irrevocable Resignation Letter in a sentence
In furtherance of this Section 1(f), each March Director has, concurrently with the execution of this Agreement, executed the Irrevocable Resignation Letter and delivered it to the Company and ▇▇.
If any such Irrevocable Resignation Letter is determined to be invalid or is validly revoked, Searchlight shall instruct to resign and cooperate with the Company in its efforts to cause the resignation of (and, if necessary, the Investor Parties shall vote any Voting Securities then held by any of them in favor of removal of) the Searchlight Designee or Designees contemplated to resign by the immediately preceding sentence.
In furtherance of this Section 1(e), each J▇▇▇ Designee has, concurrently with the execution of this Agreement, executed the Irrevocable Resignation Letter and delivered it to the Company.
Notwithstanding the foregoing, in the case of Hill Path ceasing to satisfy the Minimum Condition, the Irrevocable Resignation Letter shall become effective only after the Board has given due consideration to the views expressed by the Designee with respect to such resignation and the Board has concluded that the Designee should resign.
This Agreement and the Irrevocable Resignation Letter, together with the Undertaking Agreement and any previously existing written non-disclosure agreement executed by the parties, contain the entire agreement and understanding of the parties with respect to the subject matter hereof and supersede any and all prior and contemporaneous agreements, memoranda, arrangements and understandings, both written and oral, between the parties, or any of them, with respect to the subject matter hereof.
In furtherance of this Section 1(e), each ▇▇▇▇ Designee has, concurrently with the execution of this Agreement, executed the Revised Irrevocable Resignation Letter and delivered it to the Company.
In furtherance of this Section 4.6, the Shareholder Director has, concurrently with the execution of this Agreement, executed the Irrevocable Resignation Letter and delivered it to the Company.
In furtherance of this Section 3.5, the Shareholder Director has, concurrently with the execution of this Agreement, executed the Irrevocable Resignation Letter and delivered it to the Purchaser.
Notwithstanding the foregoing, in the case of the Company’s obligations under this Section 1 terminating or a decrease in the number of Hill Path Designees that Hill Path is entitled to nominate in accordance with Section 1(b) (including as a result of a termination of this Agreement in accordance with its terms), the Irrevocable Resignation Letter shall become effective only after the NCGC has concluded that the applicable Hill Path Designee(s) should resign.
In furtherance of this Section 1(f), each of the New Directors has, concurrently with the execution of this Agreement, executed the Irrevocable Resignation Letter and delivered it to the Company.