Board Observer Agreement definition

Board Observer Agreement has the meaning set forth in Section 2.5(a).

Board Observer Agreement. - means the agreement entered into between the CID and the designated board observer, inter alia spelling out the rights and obligations of both parties in the interests of improving good governance mechanisms;

Board Observer Agreement has the meaning set out in subsection 4.7(j);

Examples of Board Observer Agreement in a sentence

• Xxxx from acting as observer of the Board pursuant to the Board Observer Agreement dated as of the date hereof or taking such actions as are permitted thereunder.

• This Agreement, including exhibits and schedules attached to this Agreement, together with the Board Observer Agreement and the Nondisclosure Agreement, contains the entire understanding of the Parties with respect to the subject matter hereof.

• The Observer shall be permitted to share information and materials from Board and committee meetings with Advance and Advance’s directors, executive officers, employees involved with respect to Advance’s investment in the Company, attorneys, accountants and tax advisors, provided such information is clearly marked by the Observer as “confidential” and is protected consistent with the obligations under the Board Observer Agreement and with the confidentiality requirements set forth in Section 2.5(b).

• If the closing of the IPO does not occur prior to the date that is six (6) months after the date of this Agreement, this Agreement and the Board Observer Agreement shall be null and void as though never made and no party hereto or thereto shall have any obligations to any other party hereto or thereto in respect of such agreements.

• Without limiting the generality of the foregoing, Advance expressly acknowledges and agrees to be bound by Section 4(b) of the Board Observer Agreement.

More Definitions of Board Observer Agreement

Board Observer Agreement means the board observer agreement between the Issuer and the Majority Bridge Noteholders.

Board Observer Agreement means that agreement by and between Purchaser and Xx. Xxx Xxxx, pursuant to which Xx. Xxx Xxxx is granted rights as a board observer with respect to the Purchaser Board attached hereto as Exhibit B.

Board Observer Agreement means the agreement, by and among Buyer and the Shareholders, substantially in the form attached hereto as Exhibit B.

Board Observer Agreement means that certain board observer rights agreement, dated as of the Closing Date, that provides, amongst other matters and subject to certain limitations and restrictions, the right for Carlyle to appoint one (1) non-voting observer to the board of directors of the Borrower, in form and substance reasonably satisfactory to the Administrative Agent (it being agreed that the board observer rights agreement entered into on the Closing Date is in form and substance satisfactory to the Administrative Agent).

Board Observer Agreement means an agreement by and among Reorganized Monitronics and each Commitment Party that, as of the Effective Date, receives or is entitled to receive at least 17.5% of the Total Effective Date Shares, pursuant to which each such Commitment Party shall have, for so long as it continues to hold at least 10% of the total outstanding shares of New Common Stock, the right to appoint a non-voting observer to theNew Monitronics Board, which agreement shall be in form and substance reasonably acceptable to Reorganized Monitronics and each such Commitment Party.

Board Observer Agreement means that certain board observer agreement, dated as of the Closing Date, by and between Pledgor and Oaktree Capital Management, L.P., a Delaware limited partnership, in form and substance reasonably satisfactory to the Lenders.

Board Observer Agreement means the board observer agreement between the Issuer and the Majority Bridge Noteholders. “Break Costs” means the amount (if any) which a Bridge Noteholder is entitled to receive under Clause 20.4 ( Break Costs). “Bridge Finance Document” means: