Examples of Replacement Nominee in a sentence
This Replacement Nominee Discussion Period shall be no less than 14 days, which may be extended to a maximum of 28 days at the discretion of the President.
In the event that one or more of the Consenting Surplus Noteholders’ or the Consenting SHL Holders’ nominee(s) are unwilling or unable to complete their term, the Syncora Parties will use commercially reasonable efforts to have a Replacement Nominee seated on the SHL board as soon as reasonably practicable to replace such director, subject to applicable regulatory approvals and customary review process of the SHL board of directors.
The Board (including any applicable committee of the Board) will act as promptly as practicable to take all action to appoint a Replacement Nominee to the Board (in the case of a vacancy) or to comply with the applicable provisions of Sections 2.1(d) and (e) (in the case of a new Replacement Nominee being nominated for election to the Board).
Upon becoming a member of the Board, the Replacement Nominee will succeed to all of the rights and privileges, and will be bound by the terms and conditions, of this Agreement applicable to the New Director.
Subject to Section 2.1(a), each Holder agrees that if it is then entitled to vote for the election of directors to the Board, it shall vote all of its Ordinary Shares and, if applicable, any other securities of the Company owned by it, or execute proxies or written consents, as the case may be, in order to ensure that the Replacement Nominee be elected to the Board.