Common use of Replacement Representative Director Clause in Contracts

Replacement Representative Director. At the Third Board Meeting, the Board of Directors shall pass a resolution appointing an Investors' Nominee designated by the Investors as the replacement Representative Director in accordance with paragraph 31(2) of the Amended and Restated Articles of Incorporation. Such resolution shall remain in full force and effect through the Closing Date and shall not be modified, revoked, derogated from or superseded in any way without the prior written consent of the Investors.

Replacement Representative Director. At the Third Board Meeting, the Board of Directors shall pass a resolution appointing an Investors' Nominee designated by the Investors as the replacement Representative Director in accordance with paragraph Article 31(2) of the Amended and Restated Articles of Incorporation. Such resolution shall remain in full force and effect through the Closing Date and shall not be have been modified, revoked, derogated from or superseded in any way without the express prior written consent of the Investors.