Common use of Vacancies and Newly Created Directorships Clause in Contracts

Vacancies and Newly Created Directorships. Subject to the rights of the holders of any outstanding series of Preferred Stock, and unless otherwise required by law, newly created directorships resulting from any increase in the authorized number of directors and any vacancies in the Board of Directors resulting from death, resignation, retirement, disqualification, removal from office or other cause shall be filled only in the manner provided in and to the extent permitted under the Certificate of Incorporation and the Stockholders Agreement.

Appears in 2 contracts

Samples: Conversion Agreement (Calumet Specialty Products Partners, L.P.), Conversion Agreement (Calumet Specialty Products Partners, L.P.)

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Vacancies and Newly Created Directorships. Subject to the rights of the holders of any outstanding series of Preferred Stock, and unless otherwise required by lawStock then outstanding, newly created directorships resulting from any increase in the authorized number of directors and or any vacancies in the Board of Directors resulting from death, resignation, retirement, disqualification, disqualification or other cause (other than removal from office or other cause shall by a vote of the stockholders) may be filled only by a majority vote of the directors then in office, though less than a quorum, or by the manner provided in sole remaining director, and to the extent permitted under the Certificate of Incorporation and the Stockholders Agreement.directors so chosen shall hold office for a term

Appears in 1 contract

Samples: Agreement and Plan of Merger (Kapstone Paper & Packaging Corp)

Vacancies and Newly Created Directorships. Subject to applicable law and the rights of the holders of any outstanding series of Preferred StockStock then outstanding, and unless otherwise required by law, any newly created directorships resulting directorship that results from any an increase in the authorized number of directors and or any vacancies in vacancy on the Board of Directors resulting that results from the death, disability, resignation, retirement, disqualification, disqualification or removal of any director or from office or any other cause shall be filled only in the manner provided in and to the extent permitted under accordance with the Certificate of Incorporation and the Stockholders AgreementIncorporation.

Appears in 1 contract

Samples: Letter Agreement (CENAQ Energy Corp.)

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Vacancies and Newly Created Directorships. Subject to the rights of the holders of any outstanding series of Preferred Stock, and unless otherwise required by law, newly created directorships resulting from any increase in the authorized number of directors and any vacancies in the Board of Directors resulting from death, resignation, retirement, disqualification, removal from office or other cause shall be filled only in the manner provided in and to the extent permitted under the Certificate of Incorporation and the that certain Stockholders AgreementAgreement dated [ ].

Appears in 1 contract

Samples: Conversion Agreement (Calumet Specialty Products Partners, L.P.)

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