Examples of Purchaser Observer in a sentence
The Holder shall have the right to appoint the Purchaser Observer (as defined Investment Agreement) to the Board and the Transaction Committee, subject to the terms and conditions of Section 3.8 of the Investment Agreement.
The Purchaser, and if the Purchaser has notified the Company that it has appointed a Purchaser Observer, the Purchaser Observer, shall receive notice of each Board Meeting at least five Business Days prior to such meeting.
Ook gaan deze “conflicten” vaak over “niet- onderhandelbare” zaken.
The Company shall promptly reimburse the Purchaser Directors and the Purchaser Observer for all reasonable expenses incurred by them in connection with their attendance at meetings and any other activities undertaken in their capacity as directors or an observer.
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.
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.
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The Purchaser Observer is a non-voting observer and as such, the Company reserves the right to withhold all or part of any information or exclude access to any meeting or portion thereof if the Company reasonably believes that such withholding or exclusion is reasonably necessary to preserve the attorney-client privilege, to avoid conflicts of interest or for other similar reasons.
The Company will give notice of such Board or Transaction Committee meetings to the Purchaser Observer at the same time and in the same manner that it gives notice to Board or Transaction Committee members and, unless the Board determines otherwise based on factors identified in Section 3.8(d), will give the Purchaser Observer copies of all documents furnished to any Board or Transaction Committee member in connection with any such meeting.
The Company expressly acknowledges that any of the following persons would be acceptable to the Company if selected by the Purchaser to serve as Purchaser Observer: Xxxxxx Xxxx, Xxxx Xxxxx, Xxxx Xxxx, and Xxxxx Xxxx.