Effectiveness of Board Resignations. All four directors of SCA designated by the XL Parties shall have tendered their resignations effective as of the Closing; and
Appears in 4 contracts
Samples: Master Commutation, Release and Restructuring Agreement (Xl Capital LTD), Master Commutation, Release and Restructuring Agreement (Security Capital Assurance LTD), Master Commutation, Release and Restructuring Agreement (Security Capital Assurance LTD)
Effectiveness of Board Resignations. All four directors of SCA designated by the XL Parties shall have tendered their resignations effective as of the Closing; and;
Appears in 4 contracts
Samples: Master Commutation, Release and Restructuring Agreement (Xl Capital LTD), Master Commutation, Release and Restructuring Agreement (Security Capital Assurance LTD), Master Commutation, Release and Restructuring Agreement (Security Capital Assurance LTD)