Examples of Xxxxxx Designee in a sentence
The parties to this Agreement agree and acknowledge that Xxxxxx III or the Xxxxxx Designee are intended beneficiaries of the provisions of Sections 7.1(d) and 7.9 of this Agreement, and Xxxxxx III and the Xxxxxx Designee shall have the rights of intended beneficiaries to enforce such provisions.
Franklin, in its discretion, shall assign one of the Xxxxxx Designees to Class B with a term of office through Franklin’s 2007 annual meeting of shareholders and assign the other Xxxxxx Designee to Class A with a term of office through Franklins 2008 annual meeting of shareholders.
Subject to Section 2.2, the quorum which shall be required for action to be taken by the Board (other than an adjournment of any meeting of the Board) shall be the GECC Designee, the Permal Designee, the THLi Fund Designee and the Xxxxxx Designee.
The initial THRC Designee is Xxxxxxx Xxxxx, who shall be the initial THRC Director, and the initial Xxxxxx Designee is Xxxxxx Xxxxxx, who shall be the initial Xxxxxx Director.
Xxxxxx shall use its reasonable efforts to designate an additional Xxxxxx Designee that is reasonably acceptable to Midwest and Xxxxx within 75 days of the date hereof.