Common use of COMPOSITION OF BOARDS Clause in Contracts

COMPOSITION OF BOARDS. SPV undertakes and agrees: (A) subject to its duties and obligations as trustee under the First Declaration of Trust and the Second Declaration of Trust and subject to clause 4.5, that it shall exercise its rights as a shareholder of Holdings and all rights and powers vested in it under the Articles of Association of Holdings so as to procure that the board of directors of each of the Companies comprises at all times one nominee of ANPLC (provided that ANPLC shall have nominated a person to such office) and two nominees of SPV, as provided under clause 3.1 above; and (B) to procure that, subject to his duties under the First Declaration of Trust, the Third Declaration of Trust, the Fourth Declaration of Trust, the Fifth Declaration of Trust and the Sixth Declaration of Trust, Xxxxxx XxXxxxxxx (and any successor shareholder) shall exercise his rights as a shareholder of Holdings and each of the Companies and all rights and powers vested in him under the Articles of Association of Holdings and each of the Companies so as to procure that the board of directors of each of the Companies comprises at all times one nominee of ANPLC (provided that ANPLC shall have nominated a person to such office) and two nominees of SPV, as provided under clause 3.1 above.

COMPOSITION OF BOARDS. SPV WTSSL undertakes and agrees: (A) subject to its duties and obligations as trustee under the First Declaration of Trust and the Second Declaration of Trust and subject to clause 4.5Clause 4.4, that it shall exercise its rights as a shareholder of Holdings and all rights and powers vested in it under the Articles of Association of Holdings so as to procure that the board of directors of each of the Companies Master Issuer comprises at all times one nominee of ANPLC (provided that ANPLC shall have nominated a person to such office) and two three nominees of SPVWTSSL, as provided under clause 3.1 aboveClause 3.1; and (B) to procure that, subject to his duties under the First Declaration of Trust, the Third Declaration of Trust, the Fourth Declaration of Trust, the Fifth Declaration of Trust and the Sixth Sixteenth Declaration of Trust, Xxxxxx XxXxxxxxx (and any successor shareholder) shall exercise his rights as a shareholder of Holdings and each of the Companies Master Issuer and all rights and powers vested in him under the Articles of Association of Holdings and each of the Companies Master Issuer so as to procure that the board of directors of each of the Companies Master Issuer comprises at all times one nominee of ANPLC (provided that ANPLC shall have nominated a person to such office) and two three nominees of SPVWTSSL, as provided under clause 3.1 above.Clause 3.1. Back to Contents

COMPOSITION OF BOARDS. SPV undertakes and agrees: (A) subject to its duties and obligations as trustee under the First Declaration of Trust and the Second Declaration of Trust and subject to clause 4.5Clause 4.4, that it shall exercise its rights as a shareholder of Holdings and all rights and powers vested in it under the Articles of Association of Holdings so as to procure that the board of directors of each of the Companies Sixth Issuer comprises at all times one nominee of ANPLC (provided that ANPLC shall have nominated a person to such office) and two nominees of SPV, as provided under clause 3.1 aboveClause 3.1; and (B) to procure that, subject to his duties under the First Declaration of Trust, Trust and the Third Eleventh Declaration of Trust, the Fourth Declaration of Trust, the Fifth Declaration of Trust and the Sixth Declaration of Trust, Xxxxxx XxXxxxxxx Martin McDermott (and any successor shareholder) shall exercise his rights as exercxxx xxx xxxxxx xs a shareholder of Holdings and each of the Companies Sixth Issuer and all rights and powers vested in him under the Articles of Association of Holdings and each of the Companies Sixth Issuer so as to procure that the board of directors of each of the Companies Sixth Issuer comprises at all times one nominee of ANPLC (provided that ANPLC shall have nominated a person to such office) and two nominees of SPV, as provided under clause 3.1 aboveClause 3.1.

COMPOSITION OF BOARDS. SPV undertakes and agrees: (A) subject to its duties and obligations as trustee under the First Declaration of Trust and the Second Declaration of Trust and subject to clause 4.5Clause 4.4, that it shall exercise its rights as a shareholder of Holdings and all rights and powers vested in it under the Articles of Association of Holdings so as to procure that the board of directors of each of the Companies Seventh Issuer comprises at all times one nominee of ANPLC (provided that ANPLC shall have nominated a person to such office) and two nominees of SPV, as provided under clause 3.1 aboveClause 3.1; and (B) to procure that, subject to his duties under the First Declaration of Trust, Trust and the Third Twelfth Declaration of Trust, the Fourth Declaration of Trust, the Fifth Declaration of Trust and the Sixth Declaration of Trust, Xxxxxx Mxxxxx XxXxxxxxx (and any successor shareholder) shall exercise his rights as a shareholder of Holdings and each of the Companies Seventh Issuer and all rights and powers vested in him under the Articles of Association of Holdings and each of the Companies Seventh Issuer so as to procure that the board of directors of each of the Companies Seventh Issuer comprises at all times one nominee of ANPLC (provided that ANPLC shall have nominated a person to such office) and two nominees of SPV, as provided under clause 3.1 aboveClause 3.1.

COMPOSITION OF BOARDS. SPV undertakes and agrees: (A) subject to its duties and obligations as trustee under the First Declaration of Trust and the Second Declaration of Trust and subject to clause 4.5Clause 4.4, that it shall exercise its rights as a shareholder of Holdings and all rights and powers vested in it under the Articles of Association of Holdings so as to procure that the board of directors of each of the Companies Ninth Issuer comprises at all times one nominee of ANPLC (provided that ANPLC shall have nominated a person to such office) and two nominees of SPV, as provided under clause 3.1 aboveClause 3.1; and (B) to procure that, subject to his duties under the First Declaration of Trust, Trust and the Third Foutheenth Declaration of Trust, the Fourth Declaration of Trust, the Fifth Declaration of Trust and the Sixth Declaration of Trust, Xxxxxx Mxxxxx XxXxxxxxx (and any successor shareholder) shall exercise his rights as a shareholder of Holdings and each of the Companies Ninth Issuer and all rights and powers vested in him under the Articles of Association of Holdings and each of the Companies Ninth Issuer so as to procure that the board of directors of each of the Companies Ninth Issuer comprises at all times one nominee of ANPLC (provided that ANPLC shall have nominated a person to such office) and two nominees of SPV, as provided under clause 3.1 aboveClause 3.1.

COMPOSITION OF BOARDS. SPV undertakes and agrees: (A) subject to its duties and obligations as trustee under the First Declaration of Trust and the Second Declaration of Trust and subject to clause 4.5Clause 4.4, that it shall exercise its rights as a shareholder of Holdings and all rights and powers vested in it under the Articles of Association of Holdings so as to procure that the board of directors of each of the Companies Eighth Issuer comprises at all times one nominee of ANPLC (provided that ANPLC shall have nominated a person to such office) and two nominees of SPV, as provided under clause 3.1 aboveClause 3.1; and (B) to procure that, subject to his duties under the First Declaration of Trust, Trust and the Third Thirteenth Declaration of Trust, the Fourth Declaration of Trust, the Fifth Declaration of Trust and the Sixth Declaration of Trust, Xxxxxx XxXxxxxxx Martin McDermott (and any successor shareholder) shall exercise his rights shalx xxxxxxxx xxx xights as a shareholder of Holdings and each of the Companies Eighth Issuer and all rights and powers vested in him under the Articles of Association of Holdings and each of the Companies Eighth Issuer so as to procure that the board of directors of each of the Companies Eighth Issuer comprises at all times one nominee of ANPLC (provided that ANPLC shall have nominated a person to such office) and office)and two nominees of SPV, as provided under clause 3.1 aboveClause 3.1.