Common use of Resignation; Removal; Board Vacancies; Board Meetings Clause in Contracts

Resignation; Removal; Board Vacancies; Board Meetings. (a) Each Trustee shall hold his office until his resignation, removal or death, or until his successor shall have been duly elected and qualified. The Yucaipa Shareholder may remove any Yucaipa Trustee for any reason at the Yucaipa Shareholder’s written request to the Company. The GSCP Shareholders may remove the GSCP Trustee for any reason at the GSCP Shareholders’ written request to the Company. Upon delivery of a written request to the Company described in this Section 2.2(a), the Company and the Shareholders shall promptly take all such action necessary or desirable to cause the removal of the applicable Trustee from office. For the avoidance of doubt, the foregoing is not in limitation of the right of the shareholders of the Company to remove a trustee for cause to the extent provided in the Declaration of Trust.

Appears in 4 contracts

Samples: Shareholders Agreement, Shareholders Agreement (Americold Realty Trust), Shareholders Agreement (Americold Realty Trust)

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