Series C Directors Sample Clauses

Series C Directors. At any annual or special meeting called, or in connection with any other action (including the execution of written consents) taken for the purpose of electing directors to the Board, each of the Stockholders agrees, whether or not cumulative voting is in effect, to vote (or to act with respect to) such Stockholder’s Voting Shares in a manner that would cause the nomination and election of two (2) members of the Board (each, a “Series C Director”) as follows: (a) one (1) designated by Clarus Lifesciences II, L.P. or its affiliates (“Clarus”) who initially shall be ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇; and (b) one (1) designated by Hatteras Venture Partners III, LP or its affiliates, who initially shall be ▇▇▇▇▇▇▇ ▇▇▇▇. The Clarus designee shall have the right to serve on any committee of the Board. Any amendment or waiver with respect to the rights under this Section 2.2, Section 2.5 and Section 2.6 shall require the prior written approval of the holders of at least sixty percent (60%) of the then outstanding Series C Preferred and Series C-1 Preferred, voting together as a single class.

Series C Directors. With respect to one member of the Company’s Board of Directors that the Articles of Incorporation provides is to be elected by the holders of Series C Preferred Stock, the Investors hereby agree to vote all of their shares of Series C Preferred Stock now owned or hereafter acquired in favor of one designee of Sigma Partners 6, L.P., who shall initially be ▇▇▇▇ Gretsch.

Series C Directors. With respect to the right of a majority of holders of the outstanding shares of the Series C Preferred Stock to elect two directors (the "Series C Directors") to fill the Adelphia Board of Directors seats that would be created upon the occurrence of certain Voting Rights Trigger Events as such are described in Section 6(b) of Adelphia's Series C Preferred Stock Certificate of Designations (the "Certificate of Designations"), Telesat and the Private Company agree that for as long as Telesat has not sold, transferred, assigned (other than a sale, transfer or assignment to an Affiliate of Telesat) or converted more than 50% of the Shares it is purchasing pursuant to the Stock Purchase Agreement (the "Telesat Shares"): (a) the Private Company agrees to vote its Shares in favor of at least one Telesat Series C Director nominee for as long as Telesat and the Private Company together own a majority of the outstanding Shares and (b) Telesat and the Private Company will not vote to fill the second Series C Director seat; provided, however, that if the Private Company sells, transfers or assigns, to one or more third parties that are not part of the Rigas Family (as defined below) more than 62.5% of the Shares which were initially issued to the Private Company (the "Company Shares"), the agreement contained in clause (b) shall have no further force or effect.