Examples of Purchaser Observer in a sentence
The Purchaser agrees to cause the Purchaser Designee and each successor to comply with the obligations in clause i of the preceding sentence, and the Purchaser Observer to comply with its obligations under the non-disclosure agreement referenced in paragraph 2 d vi , for the benefit of the Company and its successors.
For the avoidance of doubt, in no circumstances shall any Purchaser Observer be counted for purposes of voting, quorum or any other reason or be considered a director on the Company Board.
Purchaser may remove or replace any Purchaser Observer it appoints for any reason.
Subject to the Company’s satisfactory review of a completed director and officer questionnaire and other standard processes of the Company, including a background check, the initial Purchaser Observer shall be Kahina Van Dyke.
The Company shall provide the Purchaser Observer copies of all notices, minutes, consents and other materials that it provides to the Board of Directors or any committees of the Board of Directors at the same time and in the same manner as such materials are provided to the Board of Directors and such committees.
For the purposes of this clause 4.2, it shall be sufficient that any one member of the Purchaser Observer Team attends material management meetings as- 3 -DEED FOR SALE AND PURCHASE OF THE LEXICON PARTNERSHIP LLPEXECUTION VERSION provided in this clause 4.2 at any time, notwithstanding the fact that more than one member of the Purchaser Observer Team may attend such meetings as the Purchaser Observer Team sees fit.
The Purchaser Observer and the Company shall enter into a customary board observer agreement providing for, among other things, the treatment of confidential information, indemnification, and reimbursement of expenses, reasonably acceptable to the Company and the Purchaser Observer.
Purchaser’s right to appoint a Purchaser Observer shall not be assignable to any other Person.
For the avoidance of doubt, the Specified Purchaser Observer shall have no voting rights with respect to actions taken or elected not to be taken by the Board of Directors or any committee thereof.
Upon termination of Purchaser’s right to appoint a Purchaser Observer and, if applicable, to designate a Purchaser Director, Purchaser shall promptly cause the Purchaser Observer or Purchaser Director, as applicable, to resign.