Reports to Directors Sample Clauses

Reports to Directors. 29 6.16. Minimum Net Worth...........................................................................30 6.17. Maintenance of Reserve......................................................................30 6.18. Amendment of Certificate of Incorporation...................................................30 6.19. Arbor Acquisition...........................................................................30 6.20.

Reports to Directors. It may be appropriate for other matters to be regularly reported to the Board of Directors such as any personal injuries suffered by employees or any environmental issues. This will help members of the Board of Directors become aware of problems and enable them to mount a due diligence defence. Each Investor holding at least [2%] of the outstanding Shares (treating the Preferred Shares on an as converted basis, if convertible) and each director of the Corporation will have the right to request such additional [readily available] information concerning the affairs of the Corporation as Investor or director of the Corporation reasonably considers necessary to understand and assess the affairs of the Corporation, and the Corporation will, in response to such a request, use its reasonable efforts to provide to the Investor or director as promptly as possible the additional information so requested provided that the Board of Directors will be entitled to determine, acting reasonably, that certain requested information will not be provided for reasons of confidentiality or legal concerns [or cost or effort to prepare]. The Corporation will permit a representative of any Investor holding at least [2%] of the outstanding Shares (treating the Preferred Shares on an as converted basis, if convertible) or any director of the Corporation to, upon reasonable notice and from time to time at any reasonable time, visit the business premises of the Corporation and to observe the operations of the Corporation if such representative signs a confidentiality agreement substantially similar to the confidentiality provision to which each Shareholder is a Party.

Reports to Directors. Furnish the following to all directors of the Company: