SAIF Representation Sample Clauses

SAIF Representation. SAIF shall be entitled to nominate, and to remove from office and replace, one person to act as a director of the Board of the Company until the earlier of (i) it ceases to hold either (x) at least 10% of the issued and outstanding shares of the Preferred Stock owned by SAIF as of the date hereof as determined on an as converted basis or (y) at least 10% of the Ordinary Shares (assuming the conversion of all issued Series A Preferred Shares), and (ii) a Qualified IPO. The director of the Company nominated by SAIF pursuant to the foregoing provisions are herein referred to as the “SAIF Representative”. The SAIF Representative shall have the right to appoint alternates or proxies to attend any meeting of the Board and to vote on SAIF’s behalf on matters put before the Board.
Sample 1
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SAIF Representation. SAIF shall be entitled to nominate, and to remove from office and replace two persons as directors of the Company if and for so long as it holds a majority of the issued and outstanding shares of the Preferred Stock, SAIF shall be entitled to nominate, and to remove from office and replace one person as director of the Company and the majority of the Preferred Stock Holders, voting as a single class, shall be entitled to nominate, and to remove from office and replace one person as director of the Company, if and for so long as SAIF holds at least 5% but less than majority of the issued and outstanding shares of the Preferred Stock. The directors of the Company nominated by SAIF pursuant to the foregoing provisions are herein referred to as "SAIF REPRESENTATIVES." SAIF Representatives shall have the right to appoint alternates or proxies to attend any meeting of the Board and to vote on matters before the Board on SAIF's behalf.
Sample 1

Related to SAIF Representation

  • Truth of Representations All of these representations shall be true as of the Closing and shall survive the Closing for a period of one year.

  • Accuracy of Representations All of Buyer's representations and warranties in this Agreement (considered collectively), and each of these representations and warranties (considered individually), must have been accurate in all material respects as of the date of this Agreement and must be accurate in all material respects as of the Closing Date as if made on the Closing Date.

  • Basic Representations Section 3(a) of the Agreement is hereby amended by the deletion of “and” at the end of Section 3(a)(iv); the substitution of a semicolon for the period at the end of Section 3(a)(v) and the addition of Sections 3(a)(vi), as follows:

  • Reaffirmation of Representations The Borrower hereby repeats and reaffirms all representations and warranties made by the Borrower to the Administrative Agent and the Lenders in the Credit Agreement as amended by this Amendment and the other Credit Documents on and as of the date hereof with the same force and effect as if such representations and warranties were set forth in this Amendment in full.

  • Breach of Representations, Etc Any representation, warranty, certification or other statement made or deemed made by any Credit Party in any Credit Document or in any statement or certificate at any time given by any Credit Party or any of its Subsidiaries in writing pursuant hereto or thereto or in connection herewith or therewith shall be false in any material respect as of the date made or deemed made; or

  • Nature of Representations All of the parties hereto are executing and carrying out the provisions of this Agreement in reliance solely on the representations, warranties and covenants and agreements contained in this Agreement and the other documents delivered at the Closing and not upon any representation, warranty, agreement, promise or information, written or oral, made by the other party or any other person other than as specifically set forth herein.

  • Breach of Representation Any representation or warranty made or deemed made by any Borrower or any Guarantor in this Agreement, any Other Document or any related agreement or in any certificate, document or financial or other statement furnished at any time in connection herewith or therewith shall prove to have been misleading in any material respect on the date when made or deemed to have been made;

  • Confirmation of Representations Borrower shall deliver, in connection with any Securitization, (a) one or more Officer’s Certificates certifying as to the accuracy of all representations made by Borrower in the Loan Documents as of the date of the closing of such Securitization in all relevant jurisdictions, and (b) certificates of the relevant Governmental Authorities in all relevant jurisdictions indicating the good standing and qualification of Mortgage Borrower, Senior Mezzanine Borrower, Borrower and Holdings as of the date of the Securitization.

  • Repetition of Representations Delivery of an Accession Letter constitutes confirmation by the relevant Subsidiary that the Repeating Representations are true and correct in relation to it as at the date of delivery as if made by reference to the facts and circumstances then existing.

  • Survival of Representations, Etc All representations and warranties contained in this Agreement or made in writing by or on behalf of the Borrower in connection herewith shall survive the execution and delivery of this Agreement and the Loan Documents, the making of the Advances and any investigation made by or on behalf of the Lenders, none of which investigations shall diminish any Lender’s right to rely on such representations and warranties. All obligations of the Borrower provided for in Sections 2.12, 2.13, 2.14(c), 9.04, and 9.07 and all of the obligations of the Lenders in Section 8.05 shall survive any termination of this Agreement and repayment in full of the Obligations.

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