Common use of Board Representation Clause in Contracts

Board Representation. From and after the date hereof and for so long thereafter as SCG Beneficially Owns 10% or more of the outstanding Common Shares, the Company shall not increase the number of members of its Board to more than seven (7), and SCG shall be entitled to designate one or more Persons for nomination to the Board (such Person, a "Nominee") as follows and the Company will use its best efforts to cause the election of such Nominee or Nominees:

Appears in 6 contracts

Samples: Investor Agreement (Security Capital Industrial Trust), Investor Agreement (Security Capital Group Inc/), Investor Agreement (Security Capital Atlantic Inc)

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Board Representation. From and after the date hereof and for so long thereafter as SCG Beneficially Owns 10% or more of the outstanding Common Shares, the Company shall not increase the number of members of its Board to more than seven eight (7)8), and SCG shall be entitled to designate one or more Persons for nomination to the Board (such Person, a "Nominee") as follows and the Company will use its best efforts to cause the election of such Nominee or Nominees:

Appears in 3 contracts

Samples: Investor Agreement (Security Capital Group Inc/), Investor Agreement (Security Capital Group Inc/), Investor Agreement (Security Capital Pacific Trust)

Board Representation. From and after the date hereof and for so long thereafter as SCG Beneficially Owns 10% or more of the outstanding Common Shares, the Company shall not increase the number of members of its Board to more than seven twelve (712), and SCG shall be entitled to designate one or more Persons for nomination to the Board (such Person, a "Nominee") as follows and the Company will use its best efforts to cause the election of such Nominee or Nominees:

Appears in 1 contract

Samples: Investor Agreement (Archstone Communities Trust/)

Board Representation. From and after the date hereof and for so long thereafter as SCG Beneficially Owns 10% or more of the outstanding shares of Common SharesStock, the Company shall not increase the number of members of its Board to more than seven (7), and SCG shall be entitled to designate one or more Persons for nomination to the Board (such Person, a "Nominee") as follows and the Company will use its best efforts to cause the election of such Nominee or Nominees:

Appears in 1 contract

Samples: Investor Agreement (Homestead Village Inc)

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Board Representation. From and after the date hereof and for so So long thereafter as SCG shall continue to Beneficially Owns Own 10% or more of the outstanding shares of Common SharesStock, the Company shall not increase the number of members of its Board board to more than seven (7), and SCG shall be entitled to designate one or more Persons for nomination to the Board (such Person, a "Nominee") as follows and the Company will use its best efforts to cause the prompt election of such Nominee or Nominees:

Appears in 1 contract

Samples: Investor Agreement (Homestead Village Inc)

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