Resignation of Directors Clause Samples
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Resignation of Directors. A director may resign at any time by delivering written notice to the Board, its Chairman (as hereinafter defined), if any, or the Company. A resignation shall be effective when the notice is delivered unless the notice specifies a later effective date.
Resignation of Directors. At the Closing, the Company shall deliver to Parent evidence reasonably satisfactory to Parent of the resignation of all directors of the Company and, as specified by Parent reasonably in advance of the Closing, all directors of each subsidiary of the Company, in each case, effective at the Effective Time.
Resignation of Directors. Each Seller shall cause any director of the Company designated by such Seller and serving in such capacity as of the Closing Date to tender his or her written resignation, such resignation to be effective upon consummation of the Closing. Schedule B attached hereto accurately sets forth the directors designated by each Seller as of the Closing Date who are resigning.
Resignation of Directors. The Company shall use its best efforts to obtain and deliver to Parent on or prior to the Offer Acceptance Time the resignation of the Company’s directors as required by Section 1.3.
Resignation of Directors. The directors of the Company in office immediately prior to the Effective Time shall have resigned as directors of the Company effective as of the Effective Time, and Parent shall have received letters of resignation from such persons.
Resignation of Directors. Parent shall have received a written resignation from each of the directors of the Company effective as of the Effective Time.
Resignation of Directors. The directors of Target in office immediately prior to the Effective Time shall have resigned as directors of Target effective as of the Effective Time.
Resignation of Directors. Upon the written request of Parent (which shall be given at least five Business Days before the Closing) and subject to the provisions of Section 1.3, the Company shall obtain and deliver to Parent at the Closing (effective as of the Effective Time) the resignation of each director of the Acquired Corporations.
Resignation of Directors. Prior to the Effective Time, the Company shall deliver to Buyer evidence satisfactory to Buyer of the resignation of all directors of the Company (except as requested by Buyer) effective at the Effective Time.
Resignation of Directors. Prior to the Effective Time, the Company ------------------------ shall use its commercially reasonable efforts to deliver to Acquiror evidence satisfactory to Acquiror of the resignation of all directors of the Company (other than ▇▇▇▇▇▇▇ ▇. ▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ and W. ▇▇▇▇▇ ▇▇▇▇▇), effective at the Effective Time.