Purchaser Nominees definition

Purchaser Nominees shall have the meaning given such term in Section 4.15(d).

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Purchaser Nominees means the designees to the Board by Purchaser (or its assignee), with the number, committee representation and subsidiary and affiliate representation of such Purchaser Nominees being equal to the number of Preferred Stock Directors (as if such Preferred Stock remained outstanding) that would be entitled to sit on the Board or on the board of any subsidiary or affiliate of the Company and any committee of the Board pursuant to Section 2.1(a).

Purchaser Nominees means, subject to the satisfaction of Purchaser’s obligations under Section 5.6(b), any four individuals designated in writing to the Company by Purchaser or Parent as soon as practicable following the date of this Agreement (taking into account the provisions set forth in Section 5.1(a) and Section 5.4); provided, that (a) all such individuals shall be qualified pursuant to applicable Law to hold a directorship on the Company Board and have such skills and experience reasonably consistent with other individuals who hold directorships on companies listed on the TSX, NASDAQ or NYSE and (b) at least one such individual shall be an Independent Person.

Examples of Purchaser Nominees in a sentence

• A sufficient number of the Purchaser Nominees recommended by the Purchaser shall satisfy the criteria of “independence” under the rules and regulations of Nasdaq and applicable securities laws, so that the Company shall continue to be in compliance with such rules, regulations and laws following the appointment of the Purchaser Nominees.

• The Purchaser shall recommend a sufficient number of Purchaser Nominees in order for the Company to satisfy the “independence” requirements as set forth in the Nasdaq Listing Rules and under the federal securities laws in order to be nominated to the Board of Directors.

• In the event that Nasdaq informs the Company that it is not in compliance with Nasdaq listing requirements as a result of the Purchaser’s rights contained in this Agreement, the Purchaser shall cooperate with the Company to promptly remedy such non-compliance, including the possibility of proportionately reducing the Purchaser’s right to appoint the Purchaser Nominees hereunder.

• The Company shall use commercially reasonable efforts to cause the Purchaser Nominees to be elected to the Board of Directors at the Stockholders Meeting or through a Stockholder Written Consent.

More Definitions of Purchaser Nominees

Purchaser Nominees has the meaning set forth in Section 6.4(b) of this Agreement;

Purchaser Nominees has the meaning set forth in Section 3.02.

Purchaser Nominees has the meaning set forth in Section 6.6(a).

Purchaser Nominees means two individuals designated by the Purchaser to the Company in writing prior to the Closing to be appointed to the Board of Directors as of the Closing in accordance with Section 4.07, who shall be notified by the Purchaser to the Company in writing at least three (3) days prior to the Closing.

Purchaser Nominees means two individuals designated by the Purchaser to the Company in writing prior to the Closing to be appointed to the Board of Directors as of the Closing in accordance with Section 4.07, who shall be notified by the Purchaser to the Company in writing at least three

Purchaser Nominees means the nominees of the Purchaser to serve as directors of the Company.

Purchaser Nominees will have the meaning ascribed to such term in Section 4.1(a).