Examples of SCAC Shareholders’ Representative in a sentence
In addition, the AutoChina Shareholders agree, and the Warrantors shall cause the AutoChina Shareholders to agree, that, for a period commencing from the Closing Date and ending December 31, 2011, they shall vote all SCAC Ordinary Shares then owned by them in favor of the persons nominated as directors by the SCAC Shareholders’ Representative pursuant to this Section 7.04.
The SCAC Shareholders’ Representative has selected James Cheng-Jee Sha and Diana Chia-Huei Liu, the AutoChina Shareholders’ Representative has selected Yong Hui Li and Hui Kai Yan, and the SCAC Shareholders Representative and the AutoChina Shareholders’ Representative have jointly selected Thomas Luen-Hung Lau to be nominated as a candidate for director in this proxy statement relating to the Company’s 2010 Annual General Meeting.
During the Concerned Period, FounderCo shall vote at regular or special meetings of shareholders and give its written consent with respect to, all the SCAC Ordinary Shares then owned by it (or as to which it then has voting power) to elect two (2) persons nominated by the AutoChina Shareholders’ Representative and two (2) persons nominated by the SCAC Shareholders’ Representative.
Subject to the satisfaction of the requirements under Section 2 of this Agreement, FounderCo further agrees to vote at regular or special meetings of shareholders and give its written consent with respect to, all the SCAC Ordinary Shares then owned by it (or as to which it then has voting power) to elect an individual nominated or recommended (as the case may be) by the SCAC Shareholders’ Representative to fill any vacancy created by such removal.
Directors nominated by the AutoChina Shareholders’ Representative and by the SCAC Shareholders’ Representative are referred hereinafter as the “AutoChina Nominated Directors” and the “SCAC Nominated Directors,” respectively.
During the Concerned Period, upon request by the SCAC Shareholders’ Representative, FounderCo shall vote at regular or special meetings of shareholders and give its written consent with respect to, all the SCAC Ordinary Shares then owned by it (or as to which it then has voting power) to remove from the Board any SCAC Nominated Directors selected by the SCAC Shareholders’ Representative for such removal.