Common use of Appointment of Director Clause in Contracts

Appointment of Director. If an Event of Default shall have occurred and be continuing, the Company shall provide the Purchaser with the right to appoint in its sole discretion one additional Director to its Board of Directors; provided, however, that such right shall terminate at such time as the Purchaser is no longer the Majority Holder.

Appointment of Director. If an Event of Default shall have occurred and be continuing, continuing the Company and Holdings shall provide the Purchaser with the right to appoint in its sole discretion one additional Director director to its the Board of DirectorsDirectors of each of the Company and Holdings, which additional director shall serve as such only for so long as an Event of Default shall continue; provided, however, provided that such right shall terminate at such time as the Purchaser is no longer the Majority Holderholder of at least 50% of the aggregate outstanding principal amount of the Notes.