Common use of FBR TRS Acknowledgment Clause in Contracts

FBR TRS Acknowledgment. FBR TRS hereby acknowledges Section 5.07 of the Investment Agreement and agrees to waive any breach of fiduciary duty owed by Crestview or any of its Affiliates (including their respective designees serving on the Board or the boards of directors of the Company’s Subsidiaries) to the extent (and subject to the obligations of Crestview) set forth in such Section 5.07.

Appears in 2 contracts

Samples: Voting Agreement (FBR Capital Markets Corp), Voting Agreement (Friedman Billings Ramsey Group Inc)

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FBR TRS Acknowledgment. FBR TRS hereby acknowledges Section 5.07 of the Investment Agreement and agrees to waive any breach of fiduciary duty owed by Crestview the Purchaser or any of its Affiliates (including their respective designees serving on the Board or the boards of directors of the Company’s Subsidiaries) to the extent (and subject to the obligations of Crestviewthe Purchaser) set forth in such Section 5.07.

Appears in 2 contracts

Samples: Voting Agreement (Friedman Billings Ramsey Group Inc), Voting Agreement (FBR Capital Markets Corp)

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