Resignation of PCP Directors. Upon exercise by the PCP Entities of their right pursuant to Section 7.2 or 7.4 of the Securities Purchase Agreement, the PCP Entities shall cause all of the PCP Directors to immediately resign as members of the Board of Directors of the Company.
Appears in 7 contracts
Samples: Stockholders Agreement (United Auto Group Inc), Stockholders Agreement (Penske Capital Partners LLC), Stockholders Agreement (Charlesbank Capital Partners LLC)