Purchaser Nominees definition

Purchaser Nominees means, subject to the satisfaction of Purchaser’s obligations under Section 5.6(b), any four individuals designated in writing to the Company by Purchaser or Parent as soon as practicable following the date of this Agreement (taking into account the provisions set forth in Section 5.1(a) and Section 5.4); provided, that (a) all such individuals shall be qualified pursuant to applicable Law to hold a directorship on the Company Board and have such skills and experience reasonably consistent with other individuals who hold directorships on companies listed on the TSX, NASDAQ or NYSE and (b) at least one such individual shall be an Independent Person.

Purchaser Nominees will have the meaning ascribed to such term in Section 4.1(a).

Purchaser Nominees means the designees to the Board by Purchaser (or its assignee), with the number, committee representation and subsidiary and affiliate representation of such Purchaser Nominees being equal to the number of Preferred Stock Directors (as if such Preferred Stock remained outstanding) that would be entitled to sit on the Board or on the board of any subsidiary or affiliate of the Company and any committee of the Board pursuant to Section 2.1(a).

Examples of Purchaser Nominees in a sentence

• Upon voting, the results were as follows: Trustee Dewey AYETrustee Lamond AYETrustee Peters AYETrustee Schultz AYE Motion carried.It was announced that the proposed contract with the Town of Aurora for police services would remain on the table pending the Town’s legal review.

• If at any time during the period when the Purchaser Nominee(s) have a right to be appointed to the Board pursuant to this Section 2, there shall occur a vacancy in the Board seat previously occupied by a Purchaser Nominee by reason of resignation, removal, death or incapacity, then such vacancy shall be filled by another Purchaser Nominee designated in accordance with this Section 2.

• For as long as the Purchaser Nominee(s) have a right to be appointed to the Board pursuant to this Section 2, the Company shall nominate and take such action as may be necessary to cause the Purchaser Nominee(s) to be elected or appointed to the Board.

• The Purchaser Nominees shall have been appointed or elected as two (2) of the eight (8) members of the Board effective as of the Closing Date.

• As of the Initial Closing Date, (A) the initial Purchaser Nominees are Xxxxxxx XxXxx and Xxxxxx Xxxxxx, (B) Xxxxxxx XxXxxxx has resigned from the Board of Directors and the Board of Directors has accepted such resignation and (C) Xxxxxxx XxXxxxx has resigned as Chairman of the Board of Directors and the Board of Directors has accepted such resignation.

More Definitions of Purchaser Nominees

Purchaser Nominees has the meaning set forth in Section 6.4(b) of this Agreement;

Purchaser Nominees has the meaning set forth in Section 3.02.

Purchaser Nominees means two individuals designated by the Purchaser to the Company in writing prior to the Closing to be appointed to the Board of Directors as of the Closing in accordance with Section 4.07, who shall be notified by the Purchaser to the Company in writing at least three(3) days prior to the Closing.

Purchaser Nominees means two individuals designated by the Purchaser to the Company in writing prior to the Closing to be appointed to the Board of Directors as of the Closing in accordance with Section 4.07, who shall be notified by the Purchaser to the Company in writing at least three (3) days prior to the Closing.

Purchaser Nominees means the nominees of the Purchaser to serve as directors of the Company.

Purchaser Nominees means the Indian Nominee, the Indonesian Nominee and the Vietnamese Nominee and “Purchaser Nominee” means any of them.

Purchaser Nominees shall have the meaning set forth in Section 6.11(a).