Common use of Directors and Officers of Surviving Company Clause in Contracts

Directors and Officers of Surviving Company. The directors of Merger Sub immediately prior to the Effective Time, together with any directors of the Company that Parent determines to appoint at the Effective Time (subject to the agreement of such Persons to serve as directors of the Surviving Company), shall be the directors of the Surviving Company until the earlier of their death, resignation or removal or until their respective successors are duly elected and qualified, as the case may be. The officers of the Company immediately prior to the Effective Time shall be the officers of the Surviving Company until the earlier of their death, resignation or removal or until their respective successors are duly elected or appointed and qualified, as the case may be.

Appears in 2 contracts

Samples: Merger Agreement (Marubeni Corp /Fi), Merger Agreement (Aircastle LTD)

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Directors and Officers of Surviving Company. The directors of Merger Sub immediately prior to the Effective Time, together with any directors of the Company that Parent determines to appoint at the Effective Time (subject to the agreement of such Persons to serve as directors of the Surviving Company), shall be the directors of the Surviving Company until the earlier of their death, resignation or removal or until their respective successors are duly elected and qualified, as the case may be, in accordance with the bye-laws of the Surviving Company. The officers of the Company Merger Sub immediately prior to the Effective Time shall be the officers of the Surviving Company until the earlier of their death, resignation or removal or until their respective successors are duly elected or appointed and qualified, as the case may be, in accordance with the bye-laws of the Surviving Company.

Appears in 2 contracts

Samples: Merger Agreement (Arch Capital Group Ltd.), Merger Agreement (Watford Holdings Ltd.)

Directors and Officers of Surviving Company. The directors of Merger Sub immediately prior to the Effective Time shall be, from and after the Effective Time, together with any directors of the Company that Parent determines to appoint at the Effective Time (subject to the agreement of such Persons to serve as directors of the Surviving Company), in each case, to hold office until their respective successors shall be the directors of the Surviving Company have been duly elected or appointed and qualified, or until the their earlier of their death, resignation or removal or until their respective successors are duly elected removal, in accordance with the Bermuda Companies Act and qualified, as the case may bebye-laws of the Surviving Company. The officers of the Company immediately prior to the Effective Time shall shall, from and after the Effective Time, be the officers of the Surviving Company until the earlier of their deathCompany, resignation or removal or in each case until their respective successors are shall have been duly elected or appointed and qualified, as the case may beor until their earlier death, resignation or removal.

Appears in 1 contract

Samples: Merger Agreement (Belmond Ltd.)

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Directors and Officers of Surviving Company. The directors of Merger Sub immediately prior to (a) At the Effective Time, together with any directors of the Company that Parent determines to appoint at the Effective Time (subject to the agreement of such Persons to serve as directors of the Surviving Company), shall be the initial directors of the Surviving Company shall consist of the same persons serving on Parent’s Board of Directors in accordance with Section 2.8, and such directors shall hold office until the their successors shall have been duly elected or appointed and qualified or until their earlier of their death, resignation or removal or until their respective successors are duly elected in accordance with the Surviving Company’s Memorandum and qualifiedArticles of Associations then in effect. (b) At the Effective Time, as the case may be. The officers of the Company immediately prior to shall become the Effective Time shall be the initial officers of the Surviving Company until the earlier of their death, resignation or removal or and shall hold office until their respective successors are duly elected or appointed and qualified, as the case may beor until their earlier death, resignation or removal.

Appears in 1 contract

Samples: Merger Agreement (Globalink Investment Inc.)

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