Nominating Entity definition
Examples of Nominating Entity in a sentence
Provided that, if a Nominating Entity chooses not to appoint or in the case of MSDF identify any Director and/or Observer, and in the case of Anchor Investors and Dvara, subject to each of them holding the Minimum Shareholding Threshold, such Anchor Investor, MSDF or Dvara as the case may be, shall continue to retain such right and may appoint or identify for appointment (as applicable) a Director and/or Observer, at any time as it deems fit.
The Nominating Entity shall at all times have the right to nominate their respective alternate Directors for appointment to the Board.
Any vacancy occurring on the Board by reason of the death, disqualification, resignation, removal or the inability to act as a Director and/or observer for any reason whatsoever shall be filled only by another nominee Director and/or observer respectively as nominated or identified for appointment, as applicable, by the concerned Nominating Entity.
A Director nominated or identified for appointment by a Nominating Entity shall not be removed from the Board except with the written consent of the respective Nominating Entity.
The Nominating Entity shall also have a right to withdraw their respectively nominated alternate Directors and nominate another in their place.
The Nominating Entity shall alone be entitled to remove their respective Directors and/or Observers nominated or identified for appointment by it to the Board.
The Board shall, at the request of the Anchor Investor, Dvara or MSDF as the case may be pursuant to whose nomination a Director has been appointed ("Nominating Entity"), have the authority to appoint an alternate Director.