Common use of Right to Fill Certain Vacancies in Company's Board Clause in Contracts

Right to Fill Certain Vacancies in Company's Board. In the event ---- -------------------------------------------------- that a vacancy is created on the Company's Board of Directors at any time by the death, disability, retirement, resignation or removal (with or without cause) of a director nominated by CVC or Masco, as the case may be, or if otherwise there shall exist or occur any vacancy on the Company's Board of Directors in a directorship subject to nomination by CVC or Masco, as the case may be, such vacancy shall not be filled by the remaining members of the Company's Board of Directors but each Investor hereby agrees promptly to consent in writing or vote or cause to be voted all shares of Class A Common Stock now or hereafter owned or controlled by it to elect that individual nominated to fill such vacancy and serve as a director, as shall be designated by CVC or Masco, as the case may be.

Appears in 3 contracts

Samples: Securities Purchase and Holders Agreement (Delco Remy International Inc), Securities Purchase and Holders Agreement (Delco Remy International Inc), Securities Purchase and Holders Agreement (Citigroup Inc)

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Right to Fill Certain Vacancies in Company's Board. In the event ---- -------------------------------------------------- that a vacancy is created on the Company's Board of Directors at any time by the death, disability, retirement, resignation or removal (with or without cause) of a director nominated by CVC or Masco, as the case may be, or if otherwise there shall exist or occur any vacancy on the Company's Board of Directors in a directorship subject to nomination by CVC or Masco, as the case may be, such vacancy shall not be filled by the remaining members of the Company's Board of Directors but each Investor hereby agrees promptly to consent in writing or vote or cause to be voted all shares of Class A Common Stock now or hereafter owned or controlled by it to elect that individual nominated to fill such vacancy and serve as a director, as shall be designated by CVC or Masco, as the case may be.

Appears in 3 contracts

Samples: Securities Purchase and Holders Agreement (Mascotech Inc), Securities Purchase and Holders Agreement (Mascotech Inc), Securities Purchase and Holders Agreement (Citigroup Inc)

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Right to Fill Certain Vacancies in Company's Board. In the -------------------------------------------------- event ---- -------------------------------------------------- that a vacancy is created on the Company's Board of Directors at any time by the death, disability, retirement, resignation or removal (with or without cause) of a director nominated designated by CVC or Masco, as the case may be, or if otherwise there shall exist or occur any vacancy on the Company's Board of Directors in a directorship subject to nomination designation by CVC or Masco, as the case may be, such vacancy shall not be filled by the remaining members of the Company's Board of Directors but each Investor hereby agrees promptly to consent in writing or vote or cause to be voted all shares of Class A Common Stock now or hereafter owned or controlled by it to elect that individual nominated designated to fill such vacancy and serve as a director, as shall be designated by CVC or Masco, as the case may be.

Appears in 1 contract

Samples: Securities Purchase and Holders Agreement (Delco Remy International Inc)

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