Board Election. Concurrently with the Closing, the Board of Directors of the Company shall have been expanded to not more than seven members designated as provided in the Shareholders' Agreement.
Appears in 2 contracts
Samples: Series a Preferred Stock, Common Stock and Junior Subordinated Note Purchase Agreement (Ameripath Inc), Series a Preferred Stock, Common Stock and Junior Subordinated Note Purchase Agreement (Ameripath Inc)
Board Election. Concurrently with the Closing, the Board of Directors of the Company shall have been expanded to not more than seven members designated members, two of whom shall be designees of the Purchasers as provided in the Shareholders' Agreement.
Appears in 2 contracts
Samples: 9% Senior Subordinated Debenture and Warrant Purchase Agreement (Logical Design Solutions Inc), 9% Senior Subordinated Debenture and Warrant Purchase Agreement (Logical Design Solutions Inc)
Board Election. Concurrently with the Closing, the Board of Directors of the Company shall have been expanded to not more than seven members designated members, four of whom shall be designees of the Purchasers as provided in the Shareholders' Agreement.
Appears in 1 contract
Samples: Stock Purchase and Redemption Agreement (Triton Systems Inc / Fa)
Board Election. Concurrently with the Closing, the Board of Directors of the Company shall have been expanded to not more than seven members designated nine members, four of whom shall be designees of the Purchasers as provided in the Shareholders' Agreement.
Appears in 1 contract
Samples: Securities Purchase and Redemption Agreement (Stride & Associates Inc)
Board Election. Concurrently Prior to or concurrently with the Closing, the Board of Directors of the Company shall have been expanded to not more than seven members designated as provided in nine members, two of whom shall be designees of the Shareholders' AgreementPurchasers.
Appears in 1 contract
Samples: Securities Purchase Agreement (Metris Companies Inc)
