Common use of Directors’ Resignations Clause in Contracts

Directors’ Resignations. All Directors of the Company other than Carl ▇. ▇▇▇▇, ▇▇. ▇▇all have tendered their resignations effective as of the Effective Time and shall have been replaced by nominees acceptable to Purchaser.

Appears in 4 contracts

Sources: Merger Agreement (Gni Group Inc /De/), Merger Agreement (Green I Acquisition Corp), Merger Agreement (Born Dawn S)