Common use of Subsidiary Boards Clause in Contracts

Subsidiary Boards. The Company shall take all action necessary to ensure that the board of directors (or similar governing body) of each Subsidiary of the Company shall be, and shall form committees that are, identical, with respect to authority and qualifications of members, to those of the Board and its committees, respectively.

Appears in 3 contracts

Samples: Governance Agreement (Cdnow Inc/Pa), Governance Agreement (Time Warner Inc/), Governance Agreement (Time Warner Inc/)

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Subsidiary Boards. The To the extent requested by a Member, the Company and the Members shall take all action actions necessary to ensure that cause the Managers designated by such Member to be designated as members of the board of directors (or similar governing body) body of each Subsidiary any of the Company shall be, Company’s Subsidiaries with the same proportionate representation and shall form committees that are, identical, with respect to authority and qualifications voting rights of members, to those such Managers on such other board of directors or governing body as on the Board and its committees, respectivelyof Managers.

Appears in 2 contracts

Samples: Implementation Agreement (Arch Coal Inc), Implementation Agreement (Peabody Energy Corp)

Subsidiary Boards. The Company shall shall, to the extent requested by the ----------------- Required Holders, take all such action as may be necessary to ensure that cause the board of directors (or similar governing body) of each Subsidiary of the Company shall be, and shall form committees that are, identical, with respect Company's Subsidiaries to authority and qualifications of members, to those consist of the same directors as the Board and its committees, respectivelyof Directors of the Company.

Appears in 1 contract

Samples: Securityholders' Agreement (Globenet Communications Group LTD)

Subsidiary Boards. The Company Corporation shall take all necessary action necessary (subject to ensure that the fiduciary duties of the directors) to cause the boards of directors or similar governing bodies of each of its Subsidiaries to contain any Designated Director who requests to serve on such board of directors (or similar governing body) of each Subsidiary of , unless the Company shall be, and shall form committees that are, identical, with respect Corporation reasonably determines not to authority and qualifications of members, to those of the Board and its committees, respectivelydo so.

Appears in 1 contract

Samples: Stockholders’ Agreement (Endo, Inc.)

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Subsidiary Boards. The Company Board shall take all action necessary actions necessary, from time to time, to ensure that the board of directors (or similar governing body) body of each domestic Subsidiary of the Company shall be, and shall form committees that are, identical, with respect to authority and qualifications of members, to those is constituted in the same manner as the Board of the Company; provided, that the Board and its committeesof Directors of Worldspan, respectivelyL.P. shall further include one additional member, who initially shall be Xxxx Xxxxxxxx.

Appears in 1 contract

Samples: Stockholders Agreement (Ws Financing Corp)

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