Common use of ADRM Board of Directors Clause in Contracts

ADRM Board of Directors. The parties hereto agree that from and after the Effective Time (i) Pequot shall have the right to have two (2) designees elected to the ADRM Board of Directors, (ii) Sherleigh shall have the right to have two (2) designees elected to the ADRM Board of Directors, (iii) Xxxxxx shall have the right to have one (1) designee elected to the ADRM Board of Directors and to have one (1) designee attend all ADRM Board of Directors meetings as an observer, (iv) the Polak/Xxxxx Secured Parties shall have the right to have one (1) designee attend all ADRM Board of Directors meetings as an observer and (v) the ADRM Board of Directors shall consist of nine (9) members. Each of the parties hereto agree to vote its shares of capital stock of ADRM to give effect to the provisions of this Section 18.

ADRM Board of Directors. The parties hereto agree that from and after the Effective Time (i) Pequot shall have the right to have two (2) designees elected to the ADRM Board of Directors, (ii) Sherleigh shall have the right to have two (2) designees elected to the ADRM Board of Directors, (iii) Xxxxxx shall have the right to have one (1) designee elected to the ADRM Board of Directors and to have one (1) designee attend all ADRM Board of Directors meetings as an observer, (iv) the Polak/Xxxxx Secured Parties shall have the right to have one (1) designee attend all ADRM Board of Directors meetings as an observer and (v) the ADRM Board of Directors shall consist of nine (9) members. Each of the parties hereto agree to vote its shares of capital stock of ADRM to give effect to the provisions of this Section 1818 .

ADRM Board of Directors. The parties hereto agree that from and after the Effective Time (i) Pequot shall have the right to have two (2) designees elected to the ADRM Board of Directors, (ii) Sherleigh shall have the right to have two (2) designees elected to the ADRM Board of Directors, (iii) Xxxxxx Hxxxxx shall have the right to have one (1) designee elected to the ADRM Board of Directors and to have one (1) designee attend all ADRM Board of Directors meetings as an observer, (iv) the Polak/Xxxxx Lxxxx Secured Parties shall have the right to have one (1) designee attend all ADRM Board of Directors meetings as an observer and (v) the ADRM Board of Directors shall consist of nine (9) members. Each of the parties hereto agree to vote its shares of capital stock of ADRM to give effect to the provisions of this Section 1818 .