Board Nominee. Subject to compliance with the Investment Company Act of 1940, as amended, and the rules and regulations promulgated thereunder, the Company covenants and agrees that so long as Prides Capital Partners, LLC and its affiliates ("Prides") is a shareholder owning beneficially five percent (5%) or more of the Company's outstanding voting shares, the Company will cause one person to be selected by Prides to be nominated for election as a director at each annual meeting of shareholders of the Company commencing with the Company's next annual meeting of shareholders and, further, to use its best efforts to cause such nominee to be elected.
Board Nominee. At each of the next two annual meetings of stockholders where directors are elected, the Company agrees to place Hunter’s designee on the slate of directors for nomination to the Board at each such meeting. In addition, the Company agrees to cause a proposal to be put in front of the Board of Directors for its consideration at its next regular meeting following Hunter’s selection of a designee to elect such designee to a vacancy presently existing as of the date hereof on the Board of Directors.
Board Nominee. As of the Closing Date, the Board shall have an authorized size of six (6) directors, and Xx. Xxx Xx shall have been appointed to the Board as a nominee of the Purchaser (such member of the Board appointed pursuant to this Section 5.1, a “Purchaser Nominee”).
Board Nominee. In addition to such rights as the Lenders may have in relation to the Borrower’s board of directors under any other agreement or in any other capacity, the Borrower shall ensure that there shall at all times be on its board of directors one nominee of the Majority Lenders unless the Majority Lenders agree otherwise.
Board Nominee. For so long as the Cinven Shareholders hold at least an aggregate of 10% or more of the then issued and outstanding Common Shares (on a non-diluted basis), Concordia shall use commercially reasonable efforts to (i) nominate to the Board of Directors one (1) nominee selected by the Cinven Shareholders (the “Cinven Nominee”) and notified in writing by Cinven to Concordia, (ii) recommend (in advance of each meeting of shareholders of Concordia at which directors of Concordia are proposed to be elected) to Concordia’s shareholders entitled to vote on the election of directors that such shareholders vote in favour of or consent to the election of (or against the removal of, as the case may be) the Cinven Nominee as a director of Concordia, and (iii) cause all properly completed proxies in respect of the election or removal of directors received by Concordia and naming as proxyholder a Person appointed by management of Concordia to be voted at the relevant time in the manner specified in such proxies, in each case subject to the following terms and conditions:
Board Nominee. (a) The Company agrees:
Board Nominee. The Company, acting through the Company’s Board of Directors, agrees to immediately following the Closing, in accordance with applicable law and the Company’s certificate of incorporation and bylaws, elect the person designated by Prides Capital Fund I, LP (“Prides”) to the Company’s Board of Directors for a term expiring on the date of the Company’s annual meeting to be held in 2009.
Board Nominee. The Board of Directors of the Company shall have elected Xxxxx Xxxxx to the Board of Directors of the Company as the Purchaser Nominee effective upon the satisfaction of the terms of Section 4(a) of the Escrow Agreement; and the THSI Principals shall have executed and delivered to the Escrow Agent, for deposit into escrow pursuant to the terms and conditions of the Escrow Agreement, an agreement substantially in the form attached hereto as Exhibit D hereto wherein the THSI Principals agree to vote their shares for the election of the Purchaser Appointee as a director of the Company (the "Voting Agreement").
Board Nominee. (i) The Investor shall have the right to nominate one member of the Board (the “Investor Nominee”); provided that
Board Nominee. The Investor is entitled but not obliged to at any time while it holds the Harmony Notes to nominate one representative of the Investor (including any replacement) to the Board of Directors of the Company. Any person so nominated will be subject to the retirement by rotation at the Company’s next annual general meeting in accordance with the Company’s constitution.
