Common use of Director Replacements Clause in Contracts

Director Replacements. In the event that any MD Director Nominee shall cease to serve as a director for any reason (other than the reduction in the right to nominate pursuant to Section 3.1(c)(i)), the MD Stockholders shall have the right to nominate another MD Director Nominee to fill the vacancy resulting therefrom. Additionally, the MD Stockholders shall take all actions, including voting any Securities, that may be required in order to elect any such MD Director Nominee or any SLP Director Nominee nominated pursuant to Section 3(c)(iii) of the SLP Stockholders Agreement so long as a MD Director Nominee is then serving on the Board. For the avoidance of doubt, it is understood that the failure of the stockholders of the Company to elect any MD Director Nominee shall not affect the right of the MD Stockholders to nominate any MD Director Nominee for election pursuant to Section 3.1(c)(i) in connection with any future election of directors of the Company.

Director Replacements. In the event that any MD SLP Director Nominee shall cease to serve as a director for any reason (other than the reduction in the right to nominate pursuant to Section 3.1(c)(i)), the MD SLP Stockholders shall have the right to nominate another MD SLP Director Nominee to fill the vacancy resulting therefrom. Additionally, the MD SLP Stockholders shall take all actions, including voting any Securities, that may be required in order to elect any such MD SLP Director Nominee or any SLP MD Director Nominee nominated pursuant to Section 3(c)(iii) of the SLP MD Stockholders Agreement so long as a MD an SLP Director Nominee is then serving on the Board. For the avoidance of doubt, it is understood that the failure of the stockholders of the Company to elect any MD SLP Director Nominee shall not affect the right of the MD SLP Stockholders to nominate any MD SLP Director Nominee for election pursuant to Section 3.1(c)(i) in connection with any future election of directors of the Company.