Common use of Composition of the Board Clause in Contracts

Composition of the Board. (a) The Board shall initially be composed of seven (7) individuals, and shall include (i) three (3) individuals to be appointed by the CTT Investor, (ii) one (1) individual to be appointed by BCI Investors, (iii) one (1) individual to be appointed by Medley Investor, (iv) one (1) individual to be appointed by TIG Investor and (v) one (1) individual to appointed by Highland Investors. Each individual so appointed is referred to herein as a “Board Member” and the Board Members under clause (i) are referred to herein as the “Common Board Members” and the Board Members referred to under clauses (ii)-(v) are referred to herein as the “Preferred Board Members”. The initial Board Members shall be Xxxxx Xxxxx, Xxxxx Xxxxx and Xxxx Xxxxx (each appointed by CTT Investor), Sameer Jinnah (appointed by BCI Investors), Xxxxx Xxxxx (appointed by Medley Investor), Xxxxxxx Lansing (appointed by TIG Investor) and Xxxxx Xxxxxxx (appointed by Highland Investors). Other than instances in which the Board is operating under the Alternative Voting System, each Board Member appointed by (i) CTT Investor shall have one and two-thirds votes, (ii) BCI Investors shall have one (1) vote, (iii) Medley Investor shall have one (1) vote, (iv) TIG Investor shall have one (1) vote and (v) Highland Investors shall have one (1) vote, in each case, on each matter before the Board. Each Board Member shall hold office until his or her successor is appointed, or until his or her earlier resignation or removal, in each case in accordance with Section 4.3. Each Board Member shall be an individual. Upon written notice to the other Board Members, the Board Member appointed by any BCI Investor may send an alternative representative on its behalf to meetings of the Board, which representative shall have full ability to vote on behalf of such Board Member appointed by such BCI Investor at such meetings.

Composition of the Board. (a) The Board shall initially be composed of seven (7) individuals, and shall include (i) three (3) individuals to be appointed by the CTT InvestorPartner, (ii) one (1) individual to be appointed by BCI InvestorsPartners, (iii) one (1) individual to be appointed by Medley InvestorPartner, (iv) one (1) individual to be appointed by TIG Investor Partner, and (v) one (1) individual to appointed by Highland InvestorsPartners. Each individual so appointed is referred to herein as a “Board Member” and the Board Members under clause (i) are referred to herein as the “Common Board Members” and the Board Members referred to under clauses (ii)-(v) are referred to herein as the “Preferred Board Members”. The initial Board Members shall be Xxxxx Xxxxx, Xxxxx Xxxxx and Xxxx Xxxxx (each appointed by CTT InvestorPartner), Sameer Jinnah (appointed by BCI InvestorsPartners), Xxxxx Xxxxx (appointed by Medley InvestorPartner), Xxxxxxx Lansing (appointed by TIG Investor) Partner), and Xxxxx Xxxxxxx (appointed by Highland InvestorsPartners). Other than instances in which the Board is operating under the Alternative Voting System, each Board Member appointed by (i) CTT Investor Partner shall have one and two-thirds votes, (ii) BCI Investors Partners shall have one (1) vote, (iii) Medley Investor Partner shall have one (1) vote, (iv) TIG Investor Partner shall have one (1) vote vote, and (v) Highland Investors Partners shall have one (1) vote, in each case, on each matter before the Board. The rights of the Partners to appoint Board Members pursuant to this Section 4.3(a) are subject to Section 2.2(f). Each Board Member shall hold office until his or her successor is appointed, or until his or her earlier resignation or removal, in each case in accordance with Section 4.34.4. Each Board Member shall be an individual. Upon written notice to the other Board Members, the Board Member appointed by any BCI Investor Partner may send an alternative representative on its behalf to meetings of the Board, which representative shall have full ability to vote on behalf of such Board Member appointed by such BCI Investor Partner at such meetings.

Composition of the Board. (a) The Board shall initially be composed of seven (7) individuals, and shall include (i) three (3) individuals to be appointed by the CTT Investor, (ii) one (1) individual to be appointed by BCI Investors, (iii) one (1) individual to be appointed by Medley Investor, (iv) one (1) individual to be appointed by TIG Investor and (v) one (1) individual to be appointed by Highland Investors. Each individual so appointed is referred to herein as a “Board Member” and the Board Members under clause (i) are referred to herein as the “Common Board Members” and the Board Members referred to under clauses (ii)-(v) are referred to herein as the “Preferred Board Members”. The initial As of the Amendment Effective Date, the Board Members shall be Xxxxx XxxxxJxxx Xxxxxxxxx, Xxxxx Bxxxx Xxxxx and Xxxx Txxx Xxxxx (each appointed by CTT Investor), Sameer Jinnah (appointed by BCI Investors), Xxxxx Jxxxx Xxxxx (appointed by Medley Investor), Xxxxxxx Gxxxxxx Lansing (appointed by TIG Investor) and Xxxxx Jxxxx Xxxxxxx (appointed by Highland Investors). Other than instances in which the Board is operating under the Alternative Voting System, each Board Member appointed by (i) CTT Investor shall have one and two-thirds votes, (ii) BCI Investors shall have one (1) vote, (iii) Medley Investor shall have one (1) vote, (iv) TIG Investor shall have one (1) vote and (v) Highland Investors shall have one (1) vote, in each case, on each matter before the Board. Each Board Member shall hold office until his or her successor is appointed, or until his or her earlier resignation or removal, in each case in accordance with Section 4.3. Each Board Member shall be an individual. Upon written notice to the other Board Members, the Board Member appointed by any BCI Investor may send an alternative representative on its behalf to meetings of the Board, which representative shall have full ability to vote on behalf of such Board Member appointed by such BCI Investor at such meetings.

Composition of the Board. (a) The Board shall initially be composed of seven (7) individuals, and shall include (i) three (3) individuals to be appointed by the CTT InvestorPartner, (ii) one (1) individual to be appointed by BCI InvestorsPartners, (iii) one (1) individual to be appointed by Medley InvestorPartner, (iv) one (1) individual to be appointed by TIG Investor Partner, and (v) one (1) individual to appointed by Highland InvestorsPartners. Each individual so appointed is referred to herein as a “Board Member” and the Board Members under clause (i) are referred to herein as the “Common Board Members” and the Board Members referred to under clauses (ii)-(v) are referred to herein as the “Preferred Board Members”. The initial As of the Amendment Effective Date the Board Members shall be Xxxxx XxxxxJxxx Xxxxxxxxx, Xxxxx Bxxxx Xxxxx and Xxxx Txxx Xxxxx (each appointed by CTT InvestorPartner), Sameer Jinnah (appointed by BCI InvestorsPartners), Xxxxx Jxxxx Xxxxx (appointed by Medley InvestorPartner), Xxxxxxx Gxxxxxx Lansing (appointed by TIG Investor) Partner), and Xxxxx Jxxxx Xxxxxxx (appointed by Highland InvestorsPartners). Other than instances in which the Board is operating under the Alternative Voting System, each Board Member appointed by (i) CTT Investor Partner shall have one and two-thirds votes, (ii) BCI Investors Partners shall have one (1) vote, (iii) Medley Investor Partner shall have one (1) vote, (iv) TIG Investor Partner shall have one (1) vote vote, and (v) Highland Investors Partners shall have one (1) vote, in each case, on each matter before the Board. The rights of the Partners to appoint Board Members pursuant to this Section 4.3(a) are subject to Section 2.2(f). Each Board Member shall hold office until his or her successor is appointed, or until his or her earlier resignation or removal, in each case in accordance with Section 4.34.4. Each Board Member shall be an individual. Upon written notice to the other Board Members, the Board Member appointed by any BCI Investor Partner may send an alternative representative on its behalf to meetings of the Board, which representative shall have full ability to vote on behalf of such Board Member appointed by such BCI Investor Partner at such meetings.