Common use of Resignations of Directors Clause in Contracts

Resignations of Directors. Seller shall cause to be delivered to Purchaser at or prior to the Closing the resignations of the boards of directors of each of the Subsidiaries as Purchaser shall have requested.

Appears in 4 contracts

Samples: Agreement of Purchase and Sale (Bell Industries Inc /New/), Agreement of Purchase and Sale (Arrow Electronics Inc), Purchase Agreement (Arrow Electronics Inc)

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Resignations of Directors. Seller shall cause to be delivered to Purchaser Buyer at or prior to the Closing Closing, duly signed resignations, effective upon the resignations Closing, of all directors of the boards of Acquired Entities, or shall take such other action as may be necessary to cause such persons to cease being directors of each of the Subsidiaries as Purchaser shall have requestedAcquired Entities effective upon the Closing.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Toll Brothers Inc)

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