Common use of Removal; Vacancies Clause in Contracts

Removal; Vacancies. The Sponsor shall have the exclusive right to (a) remove its nominees from the Board, and CayCo shall take all Necessary Action to cause the removal of any such nominee at the request of the Sponsor and (b) designate directors for election or appointment, as applicable, to the Board to fill vacancies created by reason of death, removal or resignation of its nominees to the Board, and CayCo shall take all Necessary Action to nominate or cause the Board to appoint, as applicable, replacement directors designated by the Sponsor to fill any such vacancies created pursuant to clause (a) or (b) above as promptly as practicable after such designation (and in any event prior to the next meeting or action of the Board or applicable committee).

Removal; Vacancies. The Sponsor or Sellers, as applicable, shall have the exclusive right to (ai) remove its their nominees from the Board, and CayCo PubCo shall take all Necessary Action to cause the removal of any such nominee at the request of the Sponsor applicable Party and (bii) designate directors for election or appointment, as applicable, appointment to the Board to fill vacancies created by reason of death, removal removal, resignation or resignation otherwise of its nominees to the Board, and CayCo PubCo shall take all Necessary Action to nominate or cause the Board to appoint, as applicable, replacement directors designated by the Sponsor applicable Party to fill any such vacancies created pursuant to clause (ai) or (bii) above as promptly as practicable after such designation (and in any event prior to the next meeting or action of the Board or applicable committee).