Right of Nomination. The Investor Stockholders shall have the right, subject to the limitations in this Section 2.1(c), at each annual or special meeting of stockholders of the Company at which Directors are to be elected, to designate a number of Investor Directors, and the Company shall nominate and recommend for election at such meeting, a number of Investor Directors such that if such Investor Directors are elected by the stockholders of the Company at such meeting, the number of Investor Directors on the Board shall be equal to the Investor Director Entitlement. The Company agrees to use the same efforts to cause the Investor Director designees of the Investor Stockholders to be elected to the Board as it uses to cause other nominees of the Company or the Board to be elected.
Right of Nomination. After one year from the date of Agreement for Sale, the Purchaser/s shall be free to nominate to anyone provided 1% of the total consideration and taxes as applicable and also the legal fees to be paid by the Purchaser/s. The Vendors and Developer shall be bound to accept the nomination and execute deed of Sale-cum-transfer in favour of the nominee/s of the Purchaser/s.
Right of Nomination. Oriental Fleet International may nominate a company as the assignee under the Memoranda of Agreement after the signing of the Memoranda of Agreement, provided that such company shall be a subsidiary of Oriental Fleet International.
Right of Nomination. 18.1 The party who signs this agreement as “purchaser‟ shall be entitled, by giving written notice to that effect to the seller within seven business days after the offer date, to nominate any other person, company, close corporation or other entity (“nominated entity”) to take transfer of the property in the name of the nominated entity. In such event the signatory –
Right of Nomination. The Parties agree and undertake to procure in accordance with this Agreement that:
Right of Nomination. It is recorded that the Parties wish to give the Purchaser a right of nomination in terms of the Sale of Business Agreement and hereby amend the Sale of Business Agreement by adding a new clause 21 which reads as follows:
Right of Nomination. The right to nomination conferred on a Shareholder under paragraph (B) above shall include the right of that Shareholder to request the removal at any time from office such person nominated by that Shareholder as a Director and the right of that Shareholder at any time and from time to time to determine the period during which such person shall hold the office of Director.
Right of Nomination
