Failure to Designate a Board Member. In the absence of any designation from a Shareholder with the right to designate a director as specified hereunder, any such undesignated director seat shall remain vacant until such designee is chosen, and the remaining members of the Board shall continue to operate as a fully functioning Board and such vacancy shall not affect the constitution of the quorum of the Board meeting.
Appears in 3 contracts
Samples: Voting Agreement (Maodong Xu), Voting Agreement (Wang Huimin), Voting Agreement (Zhu Xiaoxia)
Failure to Designate a Board Member. In the absence of any designation from a Shareholder Party with the right to designate a director as specified hereunder, any such undesignated director seat shall remain vacant until such designee is chosen, and the remaining members of the Board shall continue to operate as a fully functioning Board and such vacancy shall not affect the constitution of the quorum of the Board meeting.
Appears in 2 contracts
Samples: Voting Agreement (Bitauto Holdings LTD), Voting Agreement (Bitauto Holdings LTD)
Failure to Designate a Board Member. In the absence of any designation from a Shareholder the Persons or groups with the right to designate a director as specified hereunderabove, any such undesignated director seat shall remain vacant until such designee is chosen, and the remaining members of the Board shall continue to operate as a fully functioning Board and such vacancy shall not affect the constitution of the quorum of the Board meetingBoard.
Appears in 2 contracts
Samples: Stockholders Agreement (Par Petroleum Corp/Co), Stockholders Agreement (Delta Petroleum Corp/Co)
