Subsidiary Governance. The Board, acting on behalf of the Company, shall designate the directors to comprise the board of directors, managers or other similar governing body of each Subsidiary of the Company, if any such governing bodies shall be established by the Board in its discretion.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Emdeon Corp), Limited Liability Company Agreement (HLTH Corp)
Subsidiary Governance. The Board, acting on behalf of the Company, shall designate the directors to comprise Company and each Shareholder agree that the board of directors, managers or other similar governing body directors of each Subsidiary of the Company, if any such governing bodies Company shall be established by comprised of the individuals who are serving as directors on the Board in accordance with Section 2.01. Each Shareholder agrees to vote its discretionShares and to cause its representatives on the Board, subject to their fiduciary duties, to vote and take other appropriate action to effect the agreements in this Section 2.09 in respect of any Subsidiary of the Company.
Appears in 2 contracts
Samples: Shareholders’ Agreement (Tops Markets Ii Corp), Shareholders’ Agreement (Tops PT, LLC)
Subsidiary Governance. The Board, acting on behalf In the event any Subsidiary of the Company, shall designate the directors to comprise the Company has any board of directors, board of managers or other similar governing body authority (a “Subsidiary Governing Body”), the Company shall take such action as necessary to cause such Subsidiary Governing Body to be comprised of not more than seven (7) persons and each Subsidiary of the Company, if any Holder Designees to be appointed as a member of such governing bodies shall be established by the Board in its discretionSubsidiary Governing Body.
Appears in 1 contract
Samples: Stockholders Agreement
Subsidiary Governance. The Board, acting on behalf of the Company, shall designate the directors to comprise the board of directors, managers or other similar governing body of each Subsidiary of the Company, if any such governing bodies shall be established by the Board in its discretion. The Board shall cause all such governing bodies to act in compliance with Section 2.9 and the other provisions of this Agreement.
Appears in 1 contract
Samples: Equity Holder Release (Emdeon Inc.)
Subsidiary Governance. The Board, acting on behalf of the Company, shall designate the directors to comprise the board of directors, managers or other similar governing body of each Subsidiary of the Company, if any such governing bodies shall be established by the Board in its discretion.
Appears in 1 contract
