Common use of Right to Remove Certain of the Company's Directors Clause in Contracts

Right to Remove Certain of the Company's Directors. Each of CVC and Masco, as the case may be, may request that any director nominated by it be removed (with or without cause) by written notice to the other Investors, and, in any such event, each Investor shall promptly 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 for the removal of such person as a director. In the event any person ceases to be a director, such person shall also cease to be a member of any committee of the Board of Directors of the Company.

Appears in 3 contracts

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

AutoNDA by SimpleDocs

Right to Remove Certain of the Company's Directors. Each of CVC ---- -------------------------------------------------- and Masco, as the case may be, may request that any director nominated by it be removed (with or without cause) by written notice to the other Investors, and, in any such event, each Investor shall promptly 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 for the removal of such person as a director. In the event any person ceases to be a director, such person shall also cease to be a member of any committee of the Board of Directors of the Company.

Appears in 3 contracts

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

AutoNDA by SimpleDocs

Right to Remove Certain of the Company's Directors. Each of -------------------------------------------------- CVC and Masco, as the case may be, may request that any director nominated designated by it be removed (with or without cause) by written notice to the other Investors, and, in any such event, each Investor shall promptly 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 for the removal of such person as a director. In the event any person ceases to be a director, such person shall also cease to be a member of any committee of the Board of Directors of the Company.

Appears in 1 contract

Samples: Securities Purchase Agreement (Delco Remy International Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!