Common use of Vacancies; Increases in the Number of Directors Clause in Contracts

Vacancies; Increases in the Number of Directors. Unless and until there occurs a Spring-Back Event, this Section 7.09 shall state in its entirety as follows: “[Reserved].” Upon the occurrence of a Spring-Back Event, this Section 7.09 shall be deemed automatically amended and restated to provide in its entirety as follows: “Unless otherwise provided in this Agreement, vacancies and newly created directorships resulting from any increase in the authorized number of Directors may be filled by a majority of the Directors then in office, although less than a quorum, or a sole remaining Director; and any Director so chosen shall hold office until the next annual election and until his successor shall be duly elected and shall qualify, unless sooner displaced.”

Vacancies; Increases in the Number of Directors. Unless and until there occurs a Spring-Back Event, this Section 7.09 shall state in its entirety as follows: “"[Reserved].” " Upon the occurrence of a Spring-Back Event, this Section 7.09 shall be deemed automatically amended and restated to provide in its entirety as follows: “"Unless otherwise provided in this Agreement, vacancies and newly created directorships resulting from any increase in the authorized number of Directors may be filled by a majority of the Directors then in office, although less than a quorum, or a sole remaining Director; and any Director so chosen shall hold office until the next annual election and until his successor shall be duly elected and shall qualify, unless sooner displaced.”"