Common use of Failure to Designate Clause in Contracts

Failure to Designate. If any Person fails to designate a -------------------- representative to fill a directorship or committee seat pursuant to the terms of this Section 5, such directorship or --------- committee seat shall remain vacant until such Person which failed to designate such directorship or committee seat so directs.

Appears in 2 contracts

Sources: Stockholders Agreement (Filipowski Andrew J), Series D Stockholders Agreement (Divine Interventures Inc)