Purchaser Director definition

Purchaser Director means a member of the Board who was elected to the Board as a Purchaser Designee.

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Purchaser Director has the meaning set forth in Section 7.3(b).

Purchaser Director shall have the meaning set forth in Section 5.1(a).

Examples of Purchaser Director in a sentence

• At or prior to the Closing, the Purchaser will provide each Purchaser Director with a customary director indemnification agreement, in form and substance reasonably acceptable to such Purchaser Director.

• Purchaser shall not take any action or permit any Purchaser Director to take any action to remove any Director, other than a Purchaser Director, without cause.

• For avoidance of doubt, nothing herein shall be deemed as an obligation of any Purchaser Director (as defined below) to vote in any manner at any meeting of the Company’s Board of Directors (the “Board”) concerning this matter and each such director shall serve his duties in accordance with applicable law.

• In the event of the death, resignation or removal of a Purchaser Director, the Company shall use its best efforts to, and the Existing Holders shall cause the Non-Purchaser Directors to, elect a person designated by the remaining Purchaser Directors as the successor to such Purchaser Director.

• The Purchaser Director shall have a veto right with respect to any resolution adopted by the compensation committee with regards to any issuance of Abraxas options (as set forth in Section 8.17 below).

More Definitions of Purchaser Director

Purchaser Director means the director which the holders of the Class A Common Stock are entitled to elect pursuant to the Articles of Incorporation of the Company.

Purchaser Director means a person who was at any time prior to Closing an officer or director of the Purchaser;

Purchaser Director means a Person serving as a director of the Company as the designee or nominee of the Purchasers pursuant to the Stockholders Agreement.

Purchaser Director means L▇▇ ▇▇ or any such persons to be appointed by the Purchaser to the board of directors of the Target Company as notified by the Purchaser to the Seller prior to the Closing.

Purchaser Director means the director of the Board appointed by the Purchaser pursuant to Section 5.05;

Purchaser Director means any person nominated or designated by the Purchasers to serve as a director of the Company pursuant to this Agreement.

Purchaser Director means Lin Li or any such persons to be appointed by the Purchaser to the board of directors of the Target Company as notified by the Purchaser to the Seller prior to the Closing.