Common use of Failure to Vote Clause in Contracts

Failure to Vote. In the event that a director shall fail to vote and act to carry out the provisions of this Agreement, the Shareholders shall exercise their rights as shareholders of the Company to remove such director from the Board and, subject to subsection 3.2, to elect in his or her place an individual who will use his or her best efforts to carry out the provisions of this Agreement.

Appears in 1 contract

Samples: Investment Agreement (Abakan, Inc)

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Failure to Vote. In the event that a director shall will fail to vote and act as a director to carry out the provisions of this Agreement, the Shareholders shall will exercise their rights as shareholders members of the Company to remove such director from the Board and, subject to subsection 3.2Section 2.4, to elect in his or her their place an individual who will use his or her their best efforts to carry out the provisions of this Agreement.

Appears in 1 contract

Samples: Shareholder Agreement

Failure to Vote. In the event that a director shall fail fails to vote and act as a director to carry out the provisions of this Agreement, the Shareholders shall will exercise their rights as shareholders of the Company Corporation to remove such director from the Board and, subject to subsection 3.2section 4.2, to elect in his or her place an individual who will use his or her best efforts to carry out the provisions of this Agreement.

Appears in 1 contract

Samples: Unanimous Shareholders Agreement (360networks Inc)

Failure to Vote. In the event that a director of the Company shall fail to vote and act as a director to carry out the provisions of this Agreement, the Shareholders shall exercise their rights as shareholders members of the Company to remove such director from the Board and, subject to subsection 3.2, and to elect in his or her place an individual who will use his or her best efforts to carry out the provisions of this Agreement.

Appears in 1 contract

Samples: Shareholders Agreement (Accumed International Inc)

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Failure to Vote. In the event that a director shall fail to vote and act as a director to carry out the provisions of this Agreement, the Shareholders shall exercise their rights as shareholders of the Company Corporation to remove such director from the Board and, subject to subsection Subsection 3.2, to elect in his or her place an individual who will use his or her best efforts to carry out the provisions of this Agreement.

Appears in 1 contract

Samples: Shareholder Agreements (360networks Inc)

Failure to Vote. In the event that a director shall fail to vote and act as a director to carry out the provisions of this Agreement, the Shareholders shall exercise their rights as shareholders members of the Company to remove such director from the Board and, subject to subsection 3.2, to elect in his or her place an individual who will use his or her best efforts to carry out the provisions of this Agreement.

Appears in 1 contract

Samples: Shareholders' Agreement (Iquest Networks Inc/Bc/)

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