Casual Vacancies. If any Director resigns, vacates or is removed from office before his term expires, the resulting casual vacancy may be filled by a nominee of the Party who originally nominated the Director vacating office, but any Person so nominated, shall retain his office only so long as the vacating Director would have retained the same, if no vacancy had occurred. The Parties agree that in the case of any casual vacancy in the office of the Independent Director, the same shall be filled in accordance with the Act.
Appears in 2 contracts
Samples: Shareholders Agreement, Shareholder Agreement (Azure Power Global LTD)
Casual Vacancies. If any Director dies, resigns, vacates or is removed from office before his term expires, the resulting casual vacancy may be filled by a nominee of the Party who originally nominated the Director vacating office, with the consent of the Chairman and the Board, but any Person person so nominated, shall retain his office only so long as the vacating Director would have retained the same, if no vacancy had occurred. The Parties agree that in the case of any casual vacancy in the office of the Independent Director, the same shall be filled in accordance with the Act.
Appears in 2 contracts
Samples: Share Subscription and Shareholders Agreement, Share Subscription and Shareholders Agreement
Casual Vacancies. If any Director resigns, vacates or is removed from office before his term expires, the resulting casual vacancy may be filled by a nominee of the Party who originally nominated the Director vacating office, but any Person person so nominated, shall retain his office only so long as the vacating Director would have retained the same, if no vacancy had occurred. The Parties agree that in the case of any casual vacancy in the office of the Independent Director, the same shall be filled in accordance with the Act.
Appears in 1 contract
Samples: Investors Common Agreement
Casual Vacancies. If any Director dies, resigns, vacates or is removed from office before his his/her term expires, the resulting casual vacancy may be filled only by a nominee of the Party Shareholder who had originally nominated appointed the Director vacating office, but any Person person so nominated, shall retain his his/her office only so long as the vacating Director would have retained the same, if no vacancy had occurred. The Parties agree that in the case of any casual vacancy in the office of the Independent Director, the same shall be filled in accordance with the Act.
Appears in 1 contract
Samples: Shareholders Agreement (International Media Acquisition Corp.)
