Examples of Series D Designee in a sentence
The Company shall act as servicer, and in such capacity shall service and administer the Mortgage Loans in accordance with this Agreement, and in connection therewith shall follow Accepted Servicing Practices.
So long as the provisions of (I) Section 9(b)(i) hereof entitle the holders of Series H Preferred Stock to designate the Series H Designee (as defined below) or (II) Section 9(b)(i) of the Series D Designation entitle the holders of Series D Preferred Stock to designate the Series D Designee (as defined in the Series D Designation), the holders of Series H Preferred Stock shall not be entitled to vote as to the election of other directors of the Corporation.
The CEO Designee shall be Xxxxxxxxx Sum; the Secretary Designee shall be Xxxxxxx Xxxx; the Series A, B and C Designee shall be Xxxxxxx Xxx; the Series D Designee shall be Xxxxx Xxxx; the Series E Designee shall be Xxx Xxxx; the initial Series F Designees shall be Xxxxxx Xxxxxxx and Xxxx Xxxxx; the Shareholders’ Designee shall be Xxxxxxx Xxxxx and the CapInfo Designee shall be Xinxiang Chen.
The Series D Designee may be removed with or without cause by the holders of the shares of Series D Preferred Stock.
If the consideration received by the Corporation in any deemed liquidation is other than cash, its value will be deemed its fair market value as determined in good faith by the Board of Directors, including the Series D Designee (as defined below) (if any).
The Company shall annually certify such insurance by delivering a copy of such policy to Bessemer Venture Partners VIII, L.P. If requested by the Series D Designee, the Company will add one designee of the Investors as a notice party for such policy and shall request that the issuer of such policy provide such designee with ten (10) days’ notice before such policy is terminated (for failure to pay premiums or otherwise) or assigned or before any change is made in the beneficiary thereof.
Any single expenditure by the Company, and any series of related expenditures by the Company, that exceeds $10,000 shall require the written approval of the Series D Designee.
During the Investment Period and thereafter as long as the Ownership Condition continues to be satisfied, any vacancy in the office of the Series D Trustee may be filled only by the person designated by the Investor as the Series D Designee.
Subject to the following sentence, the consent of each of the Series D Designee Holders holding at least 8% of the outstanding shares of Series D Preferred Stock as of the Closing Date, as set forth on Schedule C hereto (each, an “8% Series D Designee Holder”), shall be required in respect of the designation of the Series D Designee, for so long as such 8% Series D Designee Holder shall hold at least 25% of the shares of Series D Preferred Stock it acquired as of the Closing Date.
Subject to the provisions of this Section 9, from and after the date the holders of the outstanding shares of Series D Preferred Stock are no longer entitled to designate the Series D Designee, the holders of the outstanding shares of Series H Preferred Stock shall be entitled to designate one director (the "Series H Designee") for election to the Board of Directors and such holders shall have the exclusive right to vote for the election of such designee to the Board of Directors.