Right to Board Seat Sample Clauses

Right to Board Seat. In addition to representatives as described in ss. 13.1, the Fund shall have the right to name a representative who shall maintain a seat on the Board, and be entitled to all benefits generally available to members of the Board. The Principals hereby agree to vote all Shares so as to elect any representative of the Fund selected by the Fund as a director pursuant to this ss. 13.2. In addition to the director selected by the Fund pursuant to this Section 13.2, the Board shall consist of not more than three members nominated by Xxxx X. Xxxxxxx. The Company and the Principals will use best efforts to identify and elect to the Board (a) as soon as practicable, but in any event within six months after the Closing Date (as defined in the Note Agreement), one member of the Board who shall be an outside director and shall be an "independent director" as defined by the rules of the National Association of Securities Dealers, Inc. ("Independent Director"), and (b) as soon as practicable, but in any event within twelve months after the Closing Date (as defined in the Note Agreement) a second member of the Board who shall be an outside director and shall be an Independent Director.
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Right to Board Seat. If the Investor exercises the Warrant in full and converts the Convertible Note in full, then, at the Investor's request, the Company shall cause its Board of Directors to appoint a person designated by the Investor to the Company's Board of Directors and, in addition, for so long as the Investor holds at least eighty-five percent (85%) of the Common Stock issued upon such exercise and conversion, to nominate such person (or a different person designated by the Investor) to be re-elected to the Company's Board of Directors in connection with any meeting of the stockholders of the Company at which directors are to be elected.
Sample 1
Right to Board Seat. The Limited Partners shall have the limited right to elect one (1) of the total members of the board of directors of the General Partner on an annual basis, and the General Partner acknowledges the limited right of the Limited Partners as a group to do so.
Sample 1
Right to Board Seat 
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Related to Right to Board Seat

  • Termination of the Right to Use Upon termination of this Addendum for any reason, any right to use the System and access to the Data Access Services shall terminate and the Fund shall immediately cease use of the System and the Data Access Services. Immediately upon termination of this Addendum for any reason, the Fund shall return to State Street all copies of documentation and other Proprietary Information in its possession; provided, however, that in the event that either party terminates this Addendum or the Custodian Agreement for any reason other than the Fund’s breach, State Street shall provide the Data Access Services for a period of time and at a price to be agreed upon in writing by the parties.

  • Right to Change Plans By reason of Sections 5.4, 5.5, 5.6 and 5.7 herein, the Company shall not be obligated to institute, maintain, or refrain from changing, amending, or discontinuing any benefit plan, policy or program, so long as such changes are similarly applicable to the Executive’s peer executives.

  • Right to Cancel You have a right to cancel this Agreement for a period of fourteen (14) days commencing on the date on which this Agreement is concluded or the date on which you receive this Agreement (whichever is later) (the “Cancellation Period”). Should you wish to cancel this Agreement within the Cancellation Period, you should send notice in writing or electronically to the addresses found in contact us section of our website. Cancelling this Agreement within the Cancellation Period will not cancel any Transaction entered into by you during the Cancellation Period. If you fail to cancel this Agreement within the Cancellation Period, you will be bound by its terms but you may terminate this Agreement in accordance with Clause 17 (Termination Without Default).

  • No Further Ownership Rights in Common Stock The Merger Consideration delivered in exchange for the Shares in accordance with the terms hereof shall be deemed to have been issued in full satisfaction of all rights pertaining to such Shares, and there shall be no further registration of transfers on the records of the Surviving Corporation of Shares which were outstanding immediately prior to the Effective Time. If, after the Effective Time, Certificates are presented to the Surviving Corporation for any reason, they shall be canceled and exchanged as provided in this Article II.

  • Transfer Books; No Further Ownership Rights in Company Stock The Merger Consideration paid in respect of shares of Company Common Stock upon the surrender for exchange of Certificates in accordance with the terms of this Article II shall be deemed to have been paid in full satisfaction of all rights pertaining to the shares of Company Common Stock previously represented by such Certificates, and at the Effective Time, the stock transfer books of the Company shall be closed and thereafter there shall be no further registration of transfers on the stock transfer books of the Surviving Corporation of the shares of Company Common Stock that were outstanding immediately prior to the Effective Time. From and after the Effective Time, the holders of Certificates that evidenced ownership of shares of Company Common Stock outstanding immediately prior to the Effective Time shall cease to have any rights with respect to such shares of Company Common Stock, except as otherwise provided for herein or by applicable Law. Subject to the last sentence of Section 2.2(e), if, at any time after the Effective Time, Certificates are presented to the Surviving Corporation for any reason, they shall be canceled and exchanged as provided in this Article II.

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