Common use of Size of the Board; Subsidiaries Clause in Contracts

Size of the Board; Subsidiaries. Each Shareholder agrees to vote all of its Shares from time to time and at all times, in whatever manner shall be necessary to ensure that the size of the Board shall be set at nine (9) directors. It is further agreed that, upon request of the Investors and to the extent legally feasible, the Investors shall be entitled to appoint the same number of directors to any Subsidiaries of the Company (other than the Domestic Company) as determined in accordance with Section 5.1. The Company and the Founder Parties shall procure that such nominee(s) are appointed to the relevant boards of directors.

Appears in 5 contracts

Samples: Shareholder Agreements, Series D Preferred Share Purchase Agreement (Momo Inc.), Shareholders Agreement (Momo Inc.)

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Size of the Board; Subsidiaries. Each Shareholder agrees to vote all of its Shares from time to time and at all times, in whatever manner shall be necessary to ensure that the size of the Board shall be set at nine seven (97) directors. It is further agreed that, upon request of the Investors and to the extent legally feasible, the Investors shall be entitled to appoint the same number of directors to any Subsidiaries of the Company (other than the Domestic Company) as determined in accordance with Section 5.1. The Company and the Founder Parties Founders shall procure that such nominee(s) are appointed to the relevant boards board of directors.

Appears in 2 contracts

Samples: Series C Preferred Share Purchase Agreement (Momo Inc.), Series C Preferred Share Purchase Agreement (Momo Inc.)

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Size of the Board; Subsidiaries. Each Shareholder agrees to vote all of its Shares from time to time and at all times, in whatever manner shall be necessary to ensure that the size of the Board shall be set at nine (9) directors. It is further agreed thatthat the board of directors of any other Group Company and, upon request of the Investors and to the extent legally and commercially feasible, the Investors shall be entitled to appoint the same number of directors to any other Subsidiaries of the Company (other than including in the Domestic Companyevent that the Company shall form or acquire any new Subsidiaries) shall have the same board composition with the Company as determined in accordance with Section 5.1. The , and the Company and the Founder Parties Key Holders shall procure that such nominee(s) are appointed to the relevant boards board of directorsdirectors of such other Group Company or Subsidiary. For the avoidance of doubt, each Investor Director shall have the right, but not the obligation, to serve as a member of any committee of the Board that may be established from time to time.

Appears in 1 contract

Samples: Shareholder Agreement (Phoenix Tree Holdings LTD)

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