BOARD ATTENDANCE definition
BOARD ATTENDANCE. Delete this section in its entirety.
BOARD ATTENDANCE. In line 1 after the word "attend", insert the words "up to two (2) per year of"; and in line 2 after the word "meetings", insert the words "up to the expiration of the lease term".
BOARD ATTENDANCE. Delete this section in its entirety and replace with "Lessee agrees to provide to Lessor on a quarterly basis, the executive summary and minutes of the board of directors meetings which are sent to all investors, including all attachments so distributed. In addition, the following statement will accompany the report on a quarterly basis: profit & loss statement, balance sheet, and cash flow statement."
More Definitions of BOARD ATTENDANCE
BOARD ATTENDANCE. Insert the words "at least one of" after the word "attend" in the first line and insert the word "annually during the term of the Lease or until an Initial Public Offering, whichever is later" after the 2 word "meetings" in the second line of the first sentence. Insert the words "and executive summaries" after the word "minutes" in the last sentence Subsection 14.2, "Financial Statements." Delete the first sentence in its entirety and replace it with the following: "As soon as practicable at the end of each month (and in any event within thirty (30) days), Lessee will provide to Lessor a monthly income statement and balance sheet prepared in accordance with generally accepted accounting principles, consistently applied (except that such financials will not include footnotes required by generally accepted accounting principles) (the "Financial Statements")." In the second sentence, line 8, delete "ninety (90)" replace with "one hundred twenty (120)" Subsection 14.4, "Merger and Sale Provisions." In line 2, delete "sixty (60)" and replace with "thirty (30)". In line 10 after the words "with Section 9" add "or purchase the Equipment for a mutually agreeable price, at Lessee's option." To the end of this Section, add the following: "Notwithstanding the foregoing, Lessor hereby consents to any Merger in which the surviving entity has, immediately after the Merger, a net worth equal to or greater than ten (10) times the aggregate remaining rentals under this Master Lease."
BOARD ATTENDANCE. Delete the first sentence in its entirety.
BOARD ATTENDANCE. In line 1 after the word "attend". insert the words "up to two (2) per year of"; and in line 2 after the word "meetings", insert the words "up to the expiration of the lease term".
n. Section 14.2, "FINANCIAL STATEMENTS" In line 15, delete the words "tax returns".
BOARD ATTENDANCE. Delete this section in its entirety. VIGNETTE CORPORATION COMDISCO, INC. AS LESSEE AS LESSOR By: /s/ ▇▇▇▇ ▇. ▇▇▇▇▇ By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇ --------------------------- --------------------------- Title: V.P. Finance & Operations Title: President --------------------------- --------------------------- Date: 12/3/98 Date: 12/3/98 --------------------------- --------------------------- EQUIPMENT SCHEDULE VL-1 DATED AS OF DECEMBER 3, 1998 TO MASTER LEASE AGREEMENT DATED AS OF DECEMBER 3, 1998 (THE "MASTER LEASE")