Resignation of Directors and Officers. Prior to the Effective Time, Company shall use its best efforts to deliver to Parent the resignations of such directors and officers of Company and its Subsidiaries as Parent shall specify at least ten business days prior to the Closing, effective at the Effective Time.
Appears in 3 contracts
Samples: Agreement and Plan of Merger (Quepasa Corp), Agreement and Plan of Merger (Secure Computing Corp), Agreement and Plan of Merger (Cyberguard Corp)
Resignation of Directors and Officers. Prior to the Effective Time, the Company shall use deliver to Buyer (using its best efforts to deliver obtain same at no cost to Parent either the Company or Buyer other than ordinary and usual legal expenses of the Company associated therewith) the resignations of such directors and officers of the Company and its Subsidiaries as Parent Buyer shall specify at least ten business days prior to the Closing, such resignations to be effective at the Effective Time.
Appears in 3 contracts
Samples: Agreement and Plan of Merger and Reorganization (Spectrian Corp /Ca/), Agreement and Plan of Merger and Reorganization (Spectrian Corp /Ca/), Agreement and Plan (Spectrian Corp /Ca/)
Resignation of Directors and Officers. Prior The Company shall obtain and deliver to the Purchasers duly executed resignations, effective as of the Plan Effective TimeDate, Company shall use its best efforts to deliver to Parent the resignations of such directors directors, other than independent directors, and officers Officers of the Company and its Subsidiaries as Parent the Purchasers shall specify at least ten business days request in writing no later than two Business Days prior to the Closing, effective at the Plan Effective TimeDate.
Appears in 2 contracts
Samples: Recapitalization Agreement (Ventura Capital Privado, S.A. De C.V.), Recapitalization Agreement (Maxcom Telecommunications Inc)
Resignation of Directors and Officers. Prior to the Effective Time, The Company shall use its reasonable best efforts to deliver cause to Parent be delivered to the resignations Purchaser at the Closing written resignations, in form and substance reasonably satisfactory to the Purchaser, from each of such the officers, directors and officers managers of the Company and each of its Subsidiaries as Parent shall specify (in each case other than those specified by Purchaser at least ten business days two (2) Business Days prior to the Closing), which resignations shall be effective at as of the Effective TimeClosing.
Appears in 1 contract
Samples: Stock Purchase Agreement (Amag Pharmaceuticals Inc.)
Resignation of Directors and Officers. Prior to the Effective Time, The Company shall use its best efforts to obtain and deliver to Parent Purchaser duly executed resignations, effective as of the resignations closing of the Exchange Offer, of such directors directors, other than independent directors, and officers Officers of the Company and its Subsidiaries as Parent Purchaser shall specify at least ten business days request in writing no later than two (2) Business Days prior to the Closing, effective at the Effective TimeOffer Expiration Date.
Appears in 1 contract
Samples: Recapitalization Agreement (Ventura Capital Privado, S.A. De C.V.)
