Purchaser Nominees definition

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.

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

Examples of Purchaser Nominees in a sentence

• A commonality all IP rights share is that they grant its owner with an exclusive legal right to use the protected object, product, or service.

• If at any time during the period when the Purchaser Nominee(s) have a right to be appointed to the Board pursuant to this Section 2, there shall occur a vacancy in the Board seat previously occupied by a Purchaser Nominee by reason of resignation, removal, death or incapacity, then such vacancy shall be filled by another Purchaser Nominee designated in accordance with this Section 2.

• Such actions shall be limited to causing management to nominate and support the Purchaser Nominees in a slate of directors proposed by the Corporation at any meeting of shareholders of the Corporation.

• Thereafter in accordance with the terms of the Board Representation Agreement, the Corporation shall take all such commercially reasonable actions necessary to have the Purchaser Nominees (or any replacements appointed by the Purchaser in its sole discretion, subject to any necessary legal, regulatory, corporate or shareholder approvals) continue to serve as members of the Board for so long as the Purchaser or any Permitted Transferees hold any Securities.

• In connection with the annual meeting of stockholders of the Company next following such election, the Company shall nominate the Purchaser Nominees for election as Directors by the stockholders and use its best efforts to cause the Purchaser Nominees to be so elected and re-elected at each subsequent stockholder meeting at which Directors are elected for so long as WC shall have the rights set forth in Section 7.01(a).

More Definitions of Purchaser Nominees

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

Purchaser Nominees means the Indian Nominee, the Indonesian Nominee and the Vietnamese Nominee and “Purchaser Nominee” means any of them.

Purchaser Nominees has the meaning ascribed to it in Section 2.4(i). “Real Property” has the meaning ascribed to it in Section 3.11(b).