Common use of Right to Appoint Observer Clause in Contracts

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 For a period of two years from the consummation of a Business CombinationEffective Date, upon notice from Granite Broadband to the Company, Granite Broadband 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 Broadband and its counsel in connection with such representative's ’s attendance at meetings of the Board of Directors; and provided further that upon written notice to GraniteBroadband, the Company may exclude the representative from meetings where, in the written opinion of counsel for the Company, the representative's ’s presence would destroy the attorney-client privilege. The Company agrees to give Granite Broadband written notice of each such meeting and to provide Granite Broadband with an agenda and minutes of the meeting no later than it gives such notice and provides such items to the other directors directors, and to reimburse the representative of Granite Broadband 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.