Change of Directors. The directors of the Company immediately prior to the Effective Date shall have resigned.
Change of Directors. Purchaser shall, at the Closing or as soon as practicable after the Closing, (i) appoint its nominated directors of the Company and (ii) register the resignation of the directors of the Company nominated by Seller and the appointment of the new directors of the Company.
Change of Directors. At Closing, Etna shall cause one of its current directors to resign and shall appoint two directors as directed by Gareste, subject to the receipt of an executed consent to act and a completed and notarized Form 2A – Personal Information Form or Form 2C1 – Declaration, as applicable, that is acceptable to the TSXV, and, provided the two new directors provide duly executed consents to act as directors, shall provide a copy of the Notice of Articles, register of directors and a directors’ consent resolution or minutes of a duly held meeting evidencing such appointments. The parties recognize that one of the remaining directors of Etna following the Closing must be a Qualified Person, as such term is defined in accordance with Applicable Securities Laws.
Change of Directors. The Purchaser shall have received from the Seller all the necessary documents to effectuate change of directors of the Subsidiaries to individuals designated by the Purchaser.
Change of Directors. With effect from after the voting and passing of the resolutions at the Board meeting held on 23 December 2022 :
Change of Directors. 2. TERMINATION OF ACTING IN CONCERT CONFIRMATION; 3. CHANGE IN CONTROLLING SHAREHOLDERS;
Change of Directors. At the Closing, the current Board of Directors of H&M (the “H&MBoard”) shall simultaneously submit their written resignations and appoint up to five (5) designees of GeoBio to the H&M Board. Xxxxxx Xxxx and/or Xxxxxxxxx Xxxx shall have visitation rights with respect to all meetings of the Board of Directors of GeoBio, and shall be given fifteen (15) days advance notice of any said meetings, except in the event of Special Meetings of the Board, which notice provisions shall be consistent with Colorado Law and the Bylaws of GeoBio.
Change of Directors. BSD will distribute an Information Statement pursuant to Exchange Act Rule 14f-1 as soon as possible after the Closing and the current BSD director will appoint the nominees of Triton as directors of BSD and thereupon resign in accordance with such Information Statement.
Change of Directors. The Transferee shall have right to appoint directors to the Company. The new directors to be appointed by the Transferee will be those people who are existing directors of the Company formerly appointed by the Transferor.
Change of Directors. Katz, Lipstein, Xx. Xxxx Xxxxxxxxx, Xx. Xxxxxx Xxxxxx and Xx. Xxxxx Xxxxxx have each separately agreed that upon the Exchange Closing he will resign any and all positions as an officer and/director of Ortec and any of its subsidiaries. Xxxx and Xxxxxxxx have also separately agreed to use their best efforts to have Xxxxxxxxxx Xxxxxxxxxxxxx, Ortec's president, and a person designated by Xxxx Capital, elected directors of Ortec. In addition, Xxxx Capital shall have the continuing right to designate one other person to attend meetings of Ortec's Board of Directors as an observer. It is also contemplated that up to two other potential nominees for board membership will be designated by the investors representing a majority of the gross proceeds constituting the New Funding Amount (including the holders of the Bridge Notes (and based on the gross proceeds received therefrom) that are converted into Series A-1 Preferred Stock), unless such investors require that they be permitted to designate a larger number of directors. Nothing in this Section 9, nor in any other provision in this Agreement, shall be interpreted to be an agreement by Xxxx or Xxxxxxxx or by Ortec that this Agreement creates a "voluntary termination" or an "involuntary termination" (as such terms are defined in the agreements between Ortec and Xxxx, and between Ortec and Xxxxxxxx, both dated December 5, 2002) or any other termination of either of Xxxx'x or Xxxxxxxx'x employment by Ortec nor a waiver of any rights that any such party may have with respect to termination of employment.
