Common use of Conduct of Directors Clause in Contracts

Conduct of Directors. Each Shareholder covenants that, unless so requested by the Shareholder nominating a Director, it will not carry out or cause to be carded out any act whereby such Director will be removed from office other than for reasons of fraud, wilful misconduct or gross negligence. For the avoidance of doubt, the corresponding Shareholder may appoint and remove their Directors at their own discretion. The corresponding Shareholder shall, so far as such Shareholder is lawfully able, ensure that Directors nominated by such Shareholder (if applicable):

Conduct of Directors. Each Shareholder covenants that, unless so requested by the Shareholder nominating a Director, it will not carry out or cause to be carded carried out any act whereby such Director will be removed from office office, other than for reasons of fraud, wilful misconduct or gross negligence. For the avoidance of doubt, the corresponding each Shareholder may appoint and remove their Directors at their own discretion. The corresponding Each Shareholder shall, so far as such Shareholder is lawfully able, ensure that Directors nominated by such Shareholder (if applicable):Shareholder: