Common use of Shareholders Agreement; Appointment of Directors Clause in Contracts

Shareholders Agreement; Appointment of Directors. Subject to Section 1.8 hereof, each Investor agrees to negotiate in good faith with the other Investors with respect to, and enter into concurrently with the Effective Time, a Shareholders Agreement or other definitive agreements containing, in principle, the terms set forth on Exhibit A hereto so long as such definitive agreements are either (a) consistent with Exhibit A or (b) inconsistent with Exhibit A and approved by all Investors. Holdco and each Investor hereby agree to take (or cause to be taken) all actions, if any, required to be taken by each, such that the board of directors of Holdco, and board of directors of Parent if applicable, has the composition contemplated by Exhibit A hereto immediately prior to the Effective Time.

Appears in 2 contracts

Samples: Interim Investors Agreement (7 Days Group Holdings LTD), Interim Investors Agreement (7 Days Group Holdings LTD)

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Shareholders Agreement; Appointment of Directors. Subject to Section 1.8 hereof, each Investor agrees to negotiate in good faith with the other Investors with respect to, and enter into concurrently with prior to or at the Effective TimeClosing, a Shareholders Agreement or other definitive agreements containing, in principle, the terms set forth on Exhibit A hereto so long as such definitive agreements are either (a) consistent with Exhibit A or (b) inconsistent with Exhibit A and approved by all Investors. Holdco and each Investor hereby agree to take (or cause to be taken) all actions, if any, required to be taken by each, such that the board of directors of Holdco, and board of directors of Parent if applicable, has the composition contemplated by Exhibit A hereto immediately prior to the Effective Time.

Appears in 1 contract

Samples: Interim Investors Agreement (Chen Xiangyu)

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Shareholders Agreement; Appointment of Directors. Subject to Section 1.8 1.7 hereof, each Investor agrees to negotiate in good faith with the other Investors with respect to, and enter into concurrently with prior to or at the Effective TimeClosing, a shareholders agreement (the “Shareholders Agreement Agreement”) or other definitive agreements containing, in principle, the terms set forth on Exhibit A hereto so long as such definitive agreements are either (a) consistent with Exhibit A or (b) inconsistent with Exhibit A and approved by all Investors. Holdco and each Investor hereby agree to take (or cause to be taken) all actions, if any, required to be taken by each, such that the board of directors of Holdco, and to the extent legally permissible, the board of directors of Parent if applicableany Subsidiary of Holdco, has the composition contemplated by Exhibit A hereto immediately prior to the Effective Time.

Appears in 1 contract

Samples: Interim Investors Agreement (Weidong Yin)

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