Common use of Board of Directors and Officers of Holdco Clause in Contracts

Board of Directors and Officers of Holdco. Universal shall, and shall cause Holdco to, take all requisite action to cause the directors and executive officers of Holdco as of the Closing to be as provided in Section 7.17. Each such director and executive officer shall remain in office until his or her successor shall be elected and qualified or his or her earlier death, resignation or removal in accordance with the certificate of incorporation and bylaws of Holdco in effect at the time.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Exterran Holdings Inc.), Agreement and Plan of Merger (Hanover Compressor Co /)

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Board of Directors and Officers of Holdco. Universal Xxxxxx shall, and shall cause Holdco toto take, take all requisite action to cause the directors and executive officers of Holdco as of the Closing to be as provided in Section 7.177.16. Each such director and executive officer shall remain in office until his or her successor shall be elected and qualified or his or her earlier death, resignation or removal in accordance with the certificate of incorporation Holdco Charter and bylaws of Holdco Bylaws, in each case, as in effect at the time, and the Stockholders and Registration Rights Agreement.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Forbes Energy Services Ltd.), Agreement and Plan of Merger (Superior Energy Services Inc)

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