Common use of Board Change Clause in Contracts

Board Change. i) During any period of 24 consecutive months, individuals who, at the commencement of such period, constitute all of the Class B Managers (the “Incumbent Class B Managers”) cease for any reason to constitute all of the Class B Managers; provided, however, that any person becoming a Class B Manager subsequent to the commencement of such period, whose election or nomination for election was approved by a vote of at least two Incumbent Class B Managers then on the Board (either by a specific vote or by approval of the proxy statement of CEP in which such person is named as a nominee for Class B Manager, without written objection to such nomination) shall be an Incumbent Class B Manager; provided further, however, that no individual initially nominated as a Class B Manager of CEP by the holder of the Class A Units of CEP or any of its Affiliates, or nominated or elected as a result of an actual or threatened election contest with respect to the Managers of CEP or as a result of any other actual or threatened solicitation of proxies by or on behalf of any person other than the Board, shall be deemed to be an Incumbent Class B Manager; or

Board Change. i(A) During any period of 24 consecutive months, individuals who, at the commencement of such period, constitute all of the Class B Managers (the “Incumbent Class B Managers”) cease for any reason to constitute all of the Class B Managers; provided, however, that any person becoming a Class B Manager subsequent to the commencement of such period, whose election or nomination for election was approved by a vote of at least two Incumbent Class B Managers then on the Board (either by a specific vote or by approval of the proxy statement of CEP in which such person is named as a nominee for Class B Manager, without written objection to such nomination) shall be an Incumbent Class B Manager; provided further, however, that no individual initially nominated as a Class B Manager of CEP by the holder of the Class A Units of CEP or any of its Affiliates, or nominated or elected as a result of an actual or threatened election contest with respect to the Managers of CEP or as a result of any other actual or threatened solicitation of proxies by or on behalf of any person other than the Board, shall be deemed to be an Incumbent Class B Manager; or