Common use of The Board of Directors; Election and Appointment; Term; Manner of Acting Clause in Contracts

The Board of Directors; Election and Appointment; Term; Manner of Acting. (a) Upon the Closing Date, the Board of Directors shall consist of seven individuals, all of whom shall be Appointed Directors. Following the first annual meeting of Unitholders after the Closing Date, the Board of Directors shall consist of seven individuals, three of which are Appointed Directors and four of which are Elected Directors. The Elected Directors shall be divided into three classes: Class I, comprising one Elected Director, Class II, comprising two Elected Directors, and Class III, comprising one Elected Director. The vacancy among the Appointed Directors shall be filled as if an Appointed Director had resigned, in accordance with Section 7.6. The successors of the initial members of the Board of Directors shall be appointed or elected, as the case may be, as follows:

Appears in 3 contracts

Samples: Navios Maritime Midstream Partners LP, Navios Maritime Midstream Partners LP, Navios Maritime Midstream Partners LP

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The Board of Directors; Election and Appointment; Term; Manner of Acting. (a) Upon Subject to the Closing DateSection 16.5(b) and Section 17.5(b), the Board of Directors shall consist of seven five individuals, all two of whom shall be Appointed Directors. Following the first annual meeting of Unitholders after the Closing Date, the Board of Directors shall consist of seven individuals, and three of which are Appointed Directors and four of which are whom shall be Elected Directors. The Elected Directors shall be divided into three classes: Class I, comprising one Elected Director, Class II, comprising two one Elected DirectorsDirector, and Class III, comprising one Elected Director. The Subject to the Section 16.5(b) and Section 17.5(b), any vacancy among the Appointed Directors shall be filled as if an Appointed Director had resigned, resigned in accordance with Section 7.6. The successors of the initial members of the Board of Directors shall be appointed or elected, as the case may be, as follows:

Appears in 1 contract

Samples: Dynagas LNG Partners LP

The Board of Directors; Election and Appointment; Term; Manner of Acting. (a) Upon the Closing Date, the Board of Directors shall consist of seven individuals, all of whom shall be Appointed Directors. Following the first annual meeting of Unitholders after the Closing Date, the Board of Directors shall consist of seven individuals, three of which are Appointed Directors and four of which are Elected Directors. The Elected Directors shall be divided into three classes: Class I, comprising one two Elected DirectorDirectors, Class II, comprising two one Elected DirectorsDirector, and Class III, comprising one Elected Director. The vacancy among the Appointed Directors shall be filled as if an Appointed Director had resigned, in accordance with Section 7.6. The successors of the initial members of the Board of Directors shall be appointed or elected, as the case may be, as follows:

Appears in 1 contract

Samples: Agreement (Navios Maritime Containers Inc.)

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The Board of Directors; Election and Appointment; Term; Manner of Acting. (a) Upon the Closing Date, the The Board of Directors shall consist of seven individuals, except that upon the Closing Date, there shall be a vacancy of one director. Until the first annual meeting of Unitholders after the Closing Date, all members of whom the Board of Directors shall be Appointed Directors. The vacancy among the Appointed Directors shall be filled as if an Appointed Director had resigned, in accordance with Section 7.6. Following the first annual meeting of Unitholders after the Closing Date, the Board of Directors shall consist of seven individuals, three members of which are shall be Appointed Directors and four members of which are shall be Elected Directors. The Elected Directors shall be divided into three classes: Class I, comprising one two Elected DirectorDirectors, Class II, comprising two one Elected DirectorsDirector, and Class III, comprising one Elected Director. The vacancy among the Appointed Directors shall be filled as if an Appointed Director had resigned, in accordance with Section 7.6. The successors of the initial members of the Board of Directors shall be appointed or elected, as the case may be, as follows:

Appears in 1 contract

Samples: Agreement (Navios Maritime Containers L.P.)

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