Common use of Board Representatives Clause in Contracts

Board Representatives. Subject to the limitations set forth in this Section 1, the holders of a majority of MDCP Registrable Securities shall have the right to designate up to the Applicable Number of representatives for election to the Board (individually a “Board Representative” and collectively the “Board Representatives”). The terms and conditions governing the election, term of office, filling of vacancies and other features of such directorships shall be as follows:

Appears in 1 contract

Sources: Investor Rights Agreement (Aldabra Acquisition CORP)

Board Representatives. Subject to the limitations set forth in this Section 1, the holders of a majority of MDCP Registrable Securities shall have the right to designate up to the Applicable Number of representatives for election to the Board (individually a "Board Representative" and collectively the "Board Representatives"). The terms and conditions governing the election, term of office, filling of vacancies and other features of such directorships shall be as follows:

Appears in 1 contract

Sources: Investor Rights Agreement (Aldabra Acquisition CORP)