Common use of Company Action to Nominate and Elect the Gulfport Director Clause in Contracts

Company Action to Nominate and Elect the Gulfport Director. Subject to Section 10(g), the Company shall cause the initial Gulfport Director designated in accordance with Section 10(a) to be appointed to the Board prior to the completion of the Common Stock Offering and thereafter to use its commercially reasonable efforts to cause the Gulfport Director to be nominated for election to the Board at each annual meeting of the Company’s stockholders at which directors are to be elected (or by stockholder consents in lieu of a meeting, if applicable), shall solicit proxies (or stockholder consents in lieu of a meeting, if applicable) in favor thereof, and at each annual meeting of the Company’s stockholders at which Directors are to be elected, shall recommend that the Company’s stockholders elect to the Board each such individual nominated for election at such annual meeting of the Company’s stockholders (or stockholder consents in lieu of a meeting, if applicable). So long as Gulfport has the right to designate a Gulfport Director under this Agreement, if for any reason the Gulfport Director is not elected to the Board by the Company’s stockholders, Gulfport will be entitled to the Board Advisor rights set forth in Section 10(c).

Appears in 4 contracts

Samples: Investor Rights Agreement (Diamondback Energy, Inc.), Investor Rights Agreement (Gulfport Energy Corp), Investor Rights Agreement (Gulfport Energy Corp)

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Company Action to Nominate and Elect the Gulfport Director. Subject to Section 10(g9(g), the Company shall cause the initial Gulfport Director designated in accordance with Section 10(a9(a) to be appointed to the Board prior to the completion of the Common Stock Offering and thereafter to use its commercially reasonable efforts to cause the Gulfport Director to be nominated for election to the Board at each annual meeting of the Company’s stockholders at which directors are to be elected (or by stockholder consents in lieu of a meeting, if applicable), shall solicit proxies (or stockholder consents in lieu of a meeting, if applicable) in favor thereof, and at each annual meeting of the Company’s stockholders at which Directors are to be elected, shall recommend that the Company’s stockholders elect to the Board each such individual nominated for election at such annual meeting of the Company’s stockholders (or stockholder consents in lieu of a meeting, if applicable). So long as Gulfport has the right to designate a Gulfport Director under this Agreement, if for any reason the Gulfport Director is not elected to the Board by the Company’s stockholders, Gulfport will be entitled to the Board Advisor rights set forth in Section 10(c9(c).

Appears in 3 contracts

Samples: Investor Rights Agreement (Mammoth Energy Services, Inc.), Investor Rights Agreement (Mammoth Energy Services, Inc.), Investor Rights Agreement (Mammoth Energy Services, Inc.)

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