Directors’ Resignations. Parent shall have received the written resignation of each director of the Company (in such director’s capacity as a director of the Company), effective as of the Effective Time.
Directors’ Resignations. All Directors of the Company other than Carl X. Xxxx, Xx. xxall have tendered their resignations effective as of the Effective Time and shall have been replaced by nominees acceptable to Purchaser.
Directors’ Resignations. Acquiror shall have received the written resignation of each director of the Company and its Subsidiaries (in such director’s capacity as a director of the Company or such Subsidiary), effective as of the Effective Time.
Directors’ Resignations. All Directors of the Company shall have tendered their resignations effective as of the Closing and shall have been replaced by nominees acceptable to Purchasers.
Directors’ Resignations. Northrim shall have received the written resignation of each director of Alaska Pacific (in such director’s capacity as a director of Alaska Pacific), effective as of the Effective Time.
Directors’ Resignations. Pursuant to section 3.6 of this Agreement, one ----------------------- (1) of the directors of the Purchaser shall have resigned at or prior to Closing as directors and members of all committees of the Board of Directors of the Purchaser, and executed comprehensive releases in respect thereof, in writing effective immediately after Closing. All officers of the Purchaser shall have resigned and executed comprehensive releases at or prior to the Closing in writing effective immediately after the Closing subject to acceptance by the Purchaser. If any one or more of the foregoing conditions shall not have been fulfilled on or before the Closing Date, the Stockholders or the Acquired Corporation may terminate this Agreement by notice in writing to the other Parties in which event the terminating Party or Parties shall be released from all obligations under this Agreement and (unless the terminating Party or Parties can show that the condition relied upon could reasonably have been performed by the other Parties) the other Parties shall also be released from all obligations hereunder; provided, however, that the terminating Party or Parties shall be entitled to waive compliance with any one or more of such conditions in whole or in part if it shall see fit to do so, without prejudice to their rights of termination in the event of the non-fulfilment of any other condition in whole or in part.
Directors’ Resignations. The parties agree that the directors of NBSC immediately prior to the Effective Time shall continue to be the directors of the Surviving Association at and after the Effective Time. Monarch shall cause to be delivered to NBSC at the Effective Time the resignations of the members of its Board of Directors.
Directors’ Resignations. Parent shall have received the written resignation of each director of ARB (in such director’s capacity as a director of ARB), effective as of the Effective Time.
Directors’ Resignations. HEOP shall have received the written resignation of each director of the Company (in such director’s capacity as a director of the Company) effective as of the Effective Time.
Directors’ Resignations. Seller shall have delivered to Purchaser resignation letters executed by each of the directors of the Company other than Terrx Xxxxxxxx, xxch resignations to be effective on the Closing Date.
