Common use of Resignation from Corporate Bodies Clause in Contracts

Resignation from Corporate Bodies. The Parties will use their best endeavors to cause the removal, on or before the Closing, of the then-current members of the Supervisory Board of the Company from their position and the new members of this body of the Company shall be elected in accordance with provisions as set out in the Amended Organizational Documents.

Appears in 1 contract

Samples: Participation Interest Purchase Agreement (Mobile Telesystems Ojsc)

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Resignation from Corporate Bodies. The Parties will use their best endeavors to cause the removal, on or before the not later than Closing, of the then-current members of the Supervisory Board of the Company and the Target from their position and the election of new members of this body of the Company shall be elected and the Target in accordance with provisions as set out in the Amended Closing Organizational DocumentsDocuments and the constitutive documents of the Target.

Appears in 1 contract

Samples: Participation Interest Purchase Agreement (Mobile Telesystems Ojsc)

Resignation from Corporate Bodies. The Parties will use their best endeavors to cause the removal, on or before the Closing, of the then-current members of the Supervisory Management Board of the Company from their position and the new members of this body of the Company shall be elected in accordance with provisions as set out in the Amended Closing Organizational Documents.

Appears in 1 contract

Samples: Participation Interest Purchase Agreement (Mobile Telesystems Ojsc)

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Resignation from Corporate Bodies. The Parties will use their best endeavors to cause the removal, on or before the not later than Closing, of the then-current members of the Supervisory Board of the Company from their position and the election of new members of this body of the Company shall be elected in accordance with provisions as set out in the Amended Closing Organizational Documents.

Appears in 1 contract

Samples: Participation Interest Purchase Agreement (Mobile Telesystems Ojsc)

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