Size of Board of Directors. During the term of this Agreement, each Shareholder, in his/her/its capacity as a shareholder, agrees to vote all Company Shares now or hereafter directly or indirectly owned (of record or beneficially) by such Shareholder to maintain the authorized number of members of the Board of Directors of the Company at nine (9) directors, and to oppose any effort by any party to change the authorized number of directors of the Company from nine (9) directors.
Size of Board of Directors. The Board is currently established to have eight (8) members and the Company shall not increase or decrease the size of the Board, without the prior written consent of each Investor, which consent may be arbitrarily and/or unreasonably withheld.
Size of Board of Directors. The Board of Directors shall consist of up to seven (7) members. Four directors shall be elected by the holders of a majority of the outstanding shares of Preferred Stock (on an as-converted basis), and the outstanding shares of Common Stock, voting as a single class and three directors shall be elected by a majority of the outstanding shares of Common Stock, voting as a single class. Notwithstanding the foregoing, each of the stockholders of the Company shall vote all of its shares in favor of, and take all action necessary to elect, those directors selected in accordance with the provisions of Section 4.2.
Size of Board of Directors. Subject to Section 2.3(a), each Stockholder shall, at all times when entitled to vote or give a written consent with respect to such matter, vote at all regular or special meetings of stockholders, and shall give written consent with respect to, all Stockholder Shares so as to set and maintain the number of authorized directors comprising the Company’s Board of Directors (the “Board of Directors”) at seven (7) directors.
Size of Board of Directors. The Shareholders agree that the Board of Directors of Chiste shall consist of five persons during the term hereof, provided that the number of directors only may be increased or decreased with the written consent of the KRM Fund during the term of this Agreement, and the Shareholders will take all such action to maintain the number of directors at five or the number as agreed by KRM Fund.
Size of Board of Directors. During the term of this Agreement, each Voting Party agrees to vote all Shares to maintain the authorized number of members of the Board of Directors of the Company at a minimum of five (5) directors.
Size of Board of Directors. Subject to reduction as set forth in -------------------------- Section 2.1.6(b), the Company agrees not to take any action that would cause the number of directors constituting the entire Board to be other than nine and each Stockholder agrees to use its best efforts to cause the number of directors constituting the entire Board to remain nine.
Size of Board of Directors. During the term of this Agreement, each Holder, in his/her/its capacity as a stockholder, agrees to vote all Shares now or hereafter directly or indirectly owned (of record or beneficially) by such Holder to maintain the authorized number of members of the Board of Directors of the Company (the “Board”) at (i) prior to December 15, 2020, four (4) directors, (ii) on and following December 15, 2020 if there is an Arowana Related Closing (as defined in the Purchase Agreement) on or after December 15, 2020, seven (7) directors, or (iii) on and after December 15, 2020, if there is no Arowana Funding (as defined in the Purchase Agreement), such number of directors as directed by dSpace. For purposes of this Agreement, the term “Shares” shall mean and include any securities of the Company that the holders of which are entitled to vote for members of the Board, including, without limitation, all shares of Common Stock and Preferred Stock, by whatever name called, now owned or subsequently acquired by a Stockholder, however acquired, whether through stock splits, stock dividends, reclassifications, recapitalizations, similar events or otherwise.
Size of Board of Directors. For so long as any Notes or Warrants remain outstanding, the Company shall cause the board of directors of the Company to consist of five (5) directors.
Size of Board of Directors. Promptly following the Closing Date, the Company shall cause the Board of Directors of the Company to consist of seven (7) members. Thereafter, for so long as any Notes or Warrants remain outstanding and subject to the provisions of Section 4(q), the Company, with the unanimous approval of all members of the Board of Directors of the Company, may increase the size of the Board of Directors of the Company to consist of no more than nine (9) members provided that one (1) of such additional directors is a Prencen Director.
