Right to Appoint Observer Sample Clauses
The Right to Appoint Observer clause grants a party, typically an investor or significant stakeholder, the ability to designate an individual to attend meetings of the company's board of directors or other key committees as a non-voting observer. This observer is permitted to be present during discussions and receive relevant materials, but does not have the authority to vote or formally participate in decision-making. The core practical function of this clause is to provide transparency and oversight for the appointing party, allowing them to stay informed about the company's operations and strategic direction without directly influencing board resolutions.
POPULAR SAMPLE Copied 6 times
Right to Appoint Observer. Until the consummation of a Business Combination, upon notice from ▇▇▇▇▇▇ ▇▇▇▇▇▇ & Co. to the Company, ▇▇▇▇▇▇ ▇▇▇▇▇▇ & Co. shall have the right to send a representative (who need not be the same individual from meeting to meeting) to observe each meeting of the Board of Directors of the Company; provided that such representative shall sign a Regulation FD compliant confidentiality agreement which is reasonably acceptable to ▇▇▇▇▇▇ ▇▇▇▇▇▇ & Co. and its counsel in connection with such representative’s attendance at meetings of the Board of Directors; and provided further that upon written notice to ▇▇▇▇▇▇ ▇▇▇▇▇▇ & Co., the Company may exclude the representative from meetings where, in the written opinion of counsel for the Company, the representative’s presence would destroy the attorney-client privilege. The Company agrees to give ▇▇▇▇▇▇ ▇▇▇▇▇▇ & Co. written notice of each such meeting and to provide ▇▇▇▇▇▇ ▇▇▇▇▇▇ & Co. with an agenda and minutes of the meeting no later than it gives such notice and provides such items to the other directors and to reimburse the representative of ▇▇▇▇▇▇ ▇▇▇▇▇▇ & Co. for its reasonable out-of-pocket expenses incurred in connection with its attendance at the meeting, including but not limited to, food, lodging and transportation.
Right to Appoint Observer. Until the consummation of a Business Combination, upon notice from MJ to the Company, MJ shall have the right to send a representative (who need not be the same individual from meeting to meeting) to observe each meeting of the Board of Directors of the Company; provided that such representative shall sign a Regulation FD compliant confidentiality agreement which is reasonably acceptable to MJ and its counsel in connection with such representative's attendance at meetings of the Board of Directors; and provided further that upon written notice to MJ, the Company may exclude the representative from meetings where, in the written opinion of counsel for the Company, the representative's presence would destroy the attorney-client privilege. The Company agrees to give MJ written notice of each such meeting and to provide MJ with an agenda and minutes of the meeting no later than it gives such notice and provides such items to the other directors and to reimburse the representative of MJ for its reasonable out-of-pocket expenses incurred in connection with its attendance at the meeting, including but not limited to, food, lodging and transportation.
Right to Appoint Observer. Until the earlier of the consummation of a Business Combination or two years from the Effective Date, upon notice from ▇▇▇▇▇▇ to the Company, ▇▇▇▇▇▇ shall have the right to send a representative (who need not be the same individual from meeting to meeting) to observe each meeting of the Board of Directors of the Company; provided that such representative shall sign a Regulation FD compliant confidentiality agreement which is reasonably acceptable to ▇▇▇▇▇▇ and its counsel in connection with representatives attendance at meetings of the Board of Directors; and provided further that upon written notice to ▇▇▇▇▇▇, the Company may exclude ▇▇▇▇▇▇ from meetings where, in the written opinion of counsel for the Company, the Representative’s presence would destroy the attorney-client privilege. The Company agrees to give ▇▇▇▇▇▇ written notice of each such meeting and to provide ▇▇▇▇▇▇ with an agenda and minutes of the meeting no later than it gives such notice and provides such items to the other directors and to reimburse ▇▇▇▇▇▇ for its reasonable out-of-pocket expenses incurred in connection with its attendance at the meeting, including but not limited to, food, lodging and transportation.
Right to Appoint Observer. For a period of no less than two years from the Effective Date, upon notice from Maxim to the Company, Maxim shall have the right to send a representative (who need not be the same individual from meeting to meeting) to observe each meeting of the Board of Directors of the Company; provided that such representative shall sign a Regulation FD compliant confidentiality agreement which is reasonably acceptable to Maxim and its counsel in connection with such representative's attendance at meetings of the Board of Directors; and provided further that upon written notice to Maxim, the Company may exclude the representative from meetings where, in the written opinion of counsel for the Company, the representative's presence would destroy the attorney-client privilege. The Company agrees to give Maxim written notice of each such meeting and to provide Maxim with an agenda and minutes of the meeting no later than it gives such notice and provides such items to the other directors, and reimburse the representative of Maxim for its reasonable out-of-pocket expenses incurred in connection with its attendance at the meeting, including, but not limited to, food, lodging and transportation. The Company further agrees that, during such period, it shall schedule no less than one meeting of its Board of Directors in each quarter of each such year at which meetings a representative of Maxim shall be permitted to attend or otherwise participate as set forth herein, and to give Maxim at least 10 days' advance notice of each such meeting. Further, during such period, the Company shall give prompt written notice to Maxim of any proposed Business Combinations or other acquisitions, mergers, reorganizations or similar transactions.
Right to Appoint Observer. Until the consummation of a Business Combination, upon notice from Morgan Joseph & Co. to the Company, Morgan Joseph & Co. shall have the ▇▇▇▇▇ ▇▇ ▇▇▇d a representative (who ▇▇▇▇ ▇▇▇ ▇▇ the same individual from meeting to meeting) to observe each meeting of the Board of Directors of the Company; provided that such representative shall sign a Regulation FD compliant confidentiality agreement which is reasonably acceptable to Morgan Joseph & Co. and its counsel in connection with such representa▇▇▇▇'▇ ▇▇▇▇▇▇ance at meetings of the Board of Directors; and provided further that upon written notice to Morgan Joseph & Co., the Company may exclude the representative from m▇▇▇▇▇▇▇ ▇▇▇▇▇, in the written opinion of counsel for the Company, the representative's presence would destroy the attorney-client privilege. The Company agrees to give Morgan Joseph & Co. written notice of each such meeting and to provide ▇▇▇▇▇▇ ▇▇▇▇▇h & Co. with an agenda and minutes of the meeting no later ▇▇▇▇ ▇▇ ▇▇▇▇s such notice and provides such items to the other directors and to reimburse the representative of Morgan Joseph & Co. for its reasonable out-of-pocket expenses incurred ▇▇ ▇▇▇▇▇▇▇▇▇n with its attendance at the meeting, including but not limited to, food, lodging and transportation.
Right to Appoint Observer. Until the consummation of a Business Combination, upon notice from Granite to the Company, Granite shall have the right to send a representative (who need not be the same individual from meeting to meeting) to observe each meeting of the Board of Directors of the Company; provided that such representative shall sign a Regulation FD compliant confidentiality agreement which is reasonably acceptable to Granite and its counsel in connection with such representative's attendance at meetings of the Board of Directors; and provided further that upon written notice to Granite, the Company may exclude the representative from meetings where, in the written opinion of counsel for the Company, the representative's presence would destroy the attorney-client privilege. The Company agrees to give Granite written notice of each such meeting and to provide Granite with an agenda and minutes of the meeting no later than it gives such notice and provides such items to the other directors and to reimburse the representative of Granite for its reasonable out-of-pocket expenses incurred in connection with its attendance at the meeting, including but not limited to, food, lodging and transportation.
Right to Appoint Observer. Until the consummation of a Business Combination, upon notice from Jesup & Lamont to the Company, Jesup & ▇▇▇▇▇t shall have the right to ▇▇▇▇ a representative (who need not be the same individual from meeting to meeting) to observe each meeting of the Board of Directors of the Company; provided that such representative shall sign a Regulation FD compliant confidentiality agreement which is reasonably acceptable to Jesup & Lamont and its counsel in conn▇▇▇▇▇▇ with such representative's attendance at meetings of the Board of Directors; and provided further that upon written notice to Jesup & Lamont, the Company may exclud▇ ▇▇▇ representative from meetings where, in the written opinion of counsel for the Company, the representative's presence would destroy the attorney-client privilege. The Company agrees to give Jesup & Lamont written notice of each ▇▇▇▇ ▇eeting and to provide Jesup & Lamont with an agenda and minu▇▇▇ ▇▇ the meeting no later than it gives such notice and provides such items to the other directors and to reimburse the representative of Jesup & Lamont for its reasonable out-▇▇-▇▇▇ket expenses incurred in connection with its attendance at the meeting, including but not limited to, food, lodging and transportation.
Right to Appoint Observer. Until the consummation of a Business Combination, upon notice from the Representative to the Company, the Representative shall have the right to send a representative (who need not be the same individual from meeting to meeting) to observe each meeting of the Board of Directors of the Company; provided that such representative shall sign a Regulation FD compliant confidentiality agreement which is reasonably acceptable to the Representative and its counsel in connection with such representative's attendance at meetings of the Board of Directors; and provided further that upon written notice to the Representative, the Company may exclude the representative from meetings where, in the written opinion of counsel for the Company, the representative's presence would destroy the attorney-client privilege. The Company agrees to give the Representative written notice of each such meeting and to provide the Representative with an agenda and minutes of the meeting no later than it gives such notice and provides such items to the other directors and to reimburse the representative of the Representative for his or her reasonable out-of-pocket expenses incurred in connection with their attendance at the meeting, including but not limited to, food, lodging and transportation.
Right to Appoint Observer. For a period of two years from the Effective Date, upon notice from the Representatives to the Company, the Representatives shall have the right to send one representative (who need not be the same individual from meeting to meeting) to observe each meeting of the Board of Directors of the Company; provided that such representative shall sign a Regulation FD compliant confidentiality agreement, inclusive of the prohibitions on ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ as provided by the federal and state securities laws, which is reasonably acceptable to the representatives, the Company and their counsel in connection with such Representatives' attendance at meetings of the Board of Directors; and provided further that upon written notice to the representatives, the Company may exclude the representative from meetings where, in the written opinion of counsel for the Company, the Representatives' presence would destroy the attorney-client privilege. The Company agrees to give the representative written notice of each such meeting and to provide the representative with an agenda and minutes of the meeting no later than it gives such notice and provides such items to the other directors, and reimburse the representative of the representatives for its reasonable out-of-pocket expenses incurred in connection with its attendance at the meeting, including but not limited to, food, lodging and transportation.
Right to Appoint Observer. The Holder shall be entitled to appoint one Person (the “Holder Appointee”) to attend, as a non-voting observer, each meeting of the Board of Directors, or any committee thereof, whether such meeting is conducted in person or by telephone. The Holder Appointee shall be entitled to receive, with respect to each meeting of the Board of Directors or any committee thereof: (a)
(i) written notice of each regular meeting at least ten (10) days in advance thereof and (ii) written notice of each special meeting at least two (2) Business Days in advance of such meeting, but, in any case involving any such regular or special meeting, such notice shall be delivered no later than the date on which the members of the Board of Directors or the committee, as applicable, are notified of such meeting, and (b) any and all information provided in connection with each such meeting to all other potential attendees of such meeting, in each case at the time and in the same manner as provided to such other attendees. Additionally, the Holder Appointee shall receive copies of all other notices, minutes, consents and other material items that the Company provides to its directors at the same time and in the same manner as provided to such directors. The Holder Appointee shall receive reimbursement from the Company for any and all reasonable out-of-pocket expenses incurred in connection with attending any and all meetings of the Board of Directors or any committee thereof. The Holder shall be entitled to fill any vacancy caused by the resignation, death or removal of a prior Holder Appointee.