Termination of Designation Rights. (a) Columbia Capital shall cease to have the right to designate a director if at any time (1) the Columbia Parties and the Columbia Principals collectively own less than half the Covered Shares received by the Columbia Parties and the Columbia Principals pursuant to the Merger Agreement, or (2) a Designation Right Loss Event occurs with respect to any Columbia Party or any Columbia Principal.
Appears in 4 contracts
Samples: Voting Agreement (Pegasus Communications Corp), Voting Agreement (Pagon Marshall W), Agreement and Plan of Merger (Pegasus Communications Corp)
