Common use of Qualification of Directors Clause in Contracts

Qualification of Directors. No person shall be disqualified to serve as a Director by reason of his not holding shares in the Company or by reason of his having served as a Director in the past.

Appears in 4 contracts

Samples: Convertible Notes Agreement (Motus GI Holdings, Inc.), Convertible Notes Agreement (Motus GI Holdings, Inc.), Credit Line Agreement (Check-Cap LTD)

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Qualification of Directors. No person shall be disqualified to serve as a Director director by reason of his not holding shares in the Company or by reason of his having served as a Director director in the past. The provisions of this Article 35 shall not apply to External Directors, whose qualifications are as set forth in the relevant provisions of the Law.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Mer Telemanagement Solutions LTD)

Qualification of Directors. No person shall be disqualified to serve as a Director by reason of his not holding shares in the Company or by reason of his having served as a Director in the pastCompany.

Appears in 1 contract

Samples: Joint Venture Agreement (Medigus Ltd.)

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Qualification of Directors. No person shall be disqualified to serve as a Director by reason of his not holding shares Shares in the Company or by reason of his having served as a Director in the pastCompany.

Appears in 1 contract

Samples: MaxQ AI Ltd.

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