MSDF Sample Clauses

MSDF. The Anchor Investors, Dvara, Management Team and any other Shareholders shall be bound to do all acts and deeds necessary to nominate and appoint 1 (one) Director identified by MSDF to the Board ("MSDF Director") and to every committee constituted by the Board from time to time, till such time that MSDF does not subscribe to MSDF Securities in accordance with the provision of Clause 9.6. It is clarified that the Director so appointed shall be classified as a non-executive Director. Any appointment, removal or change in MSDF Director shall be done strictly in accordance with the provisions of this Clause and with prior written consent of MSDF. Upon subscription of the first tranche of the MSDF Securities in accordance with the provisions of Clause 9.6 (Investment by MSDF) and the MSDF SSA, the provisions of this Clause 5.8.2 (iii) shall fall away and MSDF shall be connoted as an 'Anchor Investor' and all clauses applicable to an Anchor Investor under this Clause, shall apply mutatis mutandis to MSDF, including the right to appoint an Anchor Investor Nominee.
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Related to MSDF

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