Common use of Election Not to Exercise Designation Rights Clause in Contracts

Election Not to Exercise Designation Rights. Notwithstanding anything in this Section 9 to the contrary, this Section 9 confers upon Gulfport the right, but not the obligation, to designate the Gulfport Director, and Gulfport may, at its option, elect not to exercise any such right to designate the Gulfport Director.

Appears in 4 contracts

Samples: Investor Rights Agreement (Mammoth Energy Services, Inc.), Investor Rights Agreement (Mammoth Energy Services, Inc.), Investor Rights Agreement (Mammoth Energy Services, Inc.)

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Election Not to Exercise Designation Rights. Notwithstanding anything in this Section 9 10 to the contrary, this Section 9 10 confers upon Gulfport the right, but not the obligation, to designate the Gulfport Director, and Gulfport may, at its option, elect not to exercise any such right to designate the Gulfport Director.

Appears in 4 contracts

Samples: Investor Rights Agreement (Diamondback Energy, Inc.), Investor Rights Agreement (Gulfport Energy Corp), Investor Rights Agreement (Gulfport Energy Corp)

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