Board of Directors Representation. On or before the Series B and Convertible Notes Closing Date, Messrs. Bassin, Hochman, Marx, Newman, Xxxxxx and Xxxxx shall have resigned (effective upon the designation of their successors) from the Board of Directors of the Company, and there shall have been elected and qualified pursuant to the By-laws of the Company as successor directors to such resigning directors on the Board of Directors of the Company four persons designated by WCI and two persons designated by BTC, such persons to be in addition to existing designees of BTC and WCI serving on the Board of Directors.
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Samples: Voting Agreement (Bianco Joseph J), Purchase Agreement (Wasserstein & Co Inc), Voting Agreement (Alliance Entertainment Corp)
Board of Directors Representation. On or before the Series B and --------------------------------- Convertible Notes Closing Date, Messrs. Bassin, Hochman, Marx, Newman, Xxxxxx and Xxxxx shall have resigned (effective upon the designation of their successors) from the Board of Directors of the Company, and there shall have been elected and qualified pursuant to the By-laws of the Company as successor directors to such resigning directors on the Board of Directors of the Company four persons designated by WCI and two persons designated by BTC, such persons to be in addition to existing designees of BTC and WCI serving on the Board of Directors.
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