Examples of DLJ Parties in a sentence
The DLJ Parties agree to cause the DLJ Observer to keep any matters observed or materials received by him or her at any meeting of the Board strictly confidential.
The Parties and the Company shall take all action within their respective power, including, but not limited to, the voting of Capital Shares of the Company (to the extent that any such Person holds Capital Shares of the Company entitled to vote thereon), required to cause the Board of Directors to at all times consist of seven (7) directors (or such greater number as the DLJ Parties shall select), one of whom shall be the Chief Executive Officer of the Company.
Only Common Stock now owned by any of the DLJ Parties shall be subject to, and entitled to the benefits of, the terms of this Agreement.
In the event the chief executive officer of the Company is not a party to an employment agreement that entitles such officer to be a director of the Company, the DLJ Parties shall be entitled to designate the director to fill such directorship.
In addition such demand registration rights, the Stockholders’ Agreement provides the DLJ Parties with piggyback registration rights with respect to any proposed offering of equity securities pursuant to a registration statement filed by Basic (other than a registration statement on Form S-4 or Form S-8).
This Agreement shall terminate upon the earlier of (i) the dissolution, liquidation or winding-up of the Company, (ii) the date on which the DLJ Parties collectively are no longer the beneficial owner of at least five percent (5%) of the Common Stock or (iii) the second anniversary hereof.
Subject to Section 9.2, the rights of the DLJ Parties under this Agreement with respect to any Registerable Common Stock may be assigned to any one or more affiliates of a DLJ Party that hold Registerable Common Stock.
After any such assignment, the DLJ Parties shall retain their rights under this Agreement with respect to all other Registerable Common Stock owned by the DLJ Parties.
Upon request to the Chief Executive Officer of the Company, a representative of the DLJ Parties will be entitled to meet and consult with the senior executive management team of the Company from time to time upon reasonable notice to the Company to discuss the business of the Company and the Company’s annual business plans and to discuss the Company’s progress in achieving its plans.
The DLJ Parties acknowledge and agree that, subject to Section 3.3, the Company may include the Piggyback Securities of other stockholders of the Company in any Piggyback Registration.