Nominee Director. The Debenture Trustee shall have a right to appoint a nominee Director on the Board of Directors of the Company (hereinafter referred to as "the Nominee Director") in accordance with the provisions of the Securities and Exchange Board of India (Debenture Trustee) Regulations, 1993 in the event of:
Nominee Director. (a) The Debenture Holders and the Trustee shall have a right to appoint a nominee director on the board of directors of the Company (hereinafter referred to as the “Nominee Director”) upon the occurrence of:
Nominee Director. (i) The Lender shall have the right to appoint and remove from time to time, a Director on Board of Directors of the Borrower.
Nominee Director. Debenture trustee will have the right to appoint a nominee director on the Board of the body corporate in the event of:
Nominee Director. 10.1. The Borrower agrees that the Bank shall have the right to appoint 1 (one) director on the Board of the Borrower (“Nominee Director”) or an observer (“the Observer”):
Nominee Director. The Company shall procure that one nominee designated by the Investor shall be appointed as a director of the Company (the “Nominee Director”). At Completion, the Company shall cause the Nominee Director to be appointed to fill the one (1) directorship reserved for the Nominee Director on the Board and the committees thereof. Concurrently with the appointment of the Nominee Director, such Nominee Director shall provide to the Company an appropriately responsive customary “D&O questionnaire” duly executed. If the Nominee Director no longer remains the Nominee Director for any reason, the Company shall cause the new Nominee Director selected by the Investor to be appointed to the Board. It is understood that the appointment of the Nominee Director as a director of the Board shall be subject to legal and governance requirements regarding service as a director of the Company.
Nominee Director. The Company shall procure that one nominee designated by the Investor shall be appointed as a non-executive director of the Company (the “Nominee Director”). At Completion, the Company shall cause the Nominee Director to be appointed as a Director on the Board. Concurrently with the appointment of the Nominee Director, the Company, the Investor and the Nominee Director shall enter into the Indemnification Agreement for the benefit of the Nominee Director as contemplated in Section 3.1(j) and such Nominee Director shall provide to the Company an appropriately responsive customary “D&O questionnaire” duly executed. If the Nominee Director no longer remains the Nominee Director for any reason, the Company shall cause the new Nominee Director selected by the Investor to be appointed to the Board. The Company shall enter into an Indemnification Agreement with such new Nominee Director as selected by the Investor. It is understood that the appointment of the Nominee Director as a director of the Board shall be subject to legal and governance requirements regarding service as a director of the Company.
Nominee Director. (a) The Borrower acknowledges and consents to the right of the Leader to appoint and replace at any time during the subsistence of the Facilities, a director on the board of directors of such Obligor ("Nominee Director"), and will take all corporate action to effectuate such right (including, without limitation, amending such Obligor's articles of association, if required).
Nominee Director. A. In the event that the Lender exercises its rights to appoint Nominee Director(s), as provided for in Article 8.1 (k) above, the Borrower agrees that any Nominee Director so appointed by the Lender, shall:
Nominee Director. (a) The right of nomination conferred on a Party hereunder shall include the right to require the other Party to procure that the Board and ESTEL shall rexxxx at any time and from time to time from office such person nominated by that Party as a Director and the right of that Party at any time and from time to time to determine the period during which such person shall hold the office of Director.
