Common use of Resignations of Directors Clause in Contracts

Resignations of Directors. The Seller shall cause each member of the Board of Directors of the Companies to tender, effective at the Closing, his or her resignation from such Board of Directors.

Appears in 1 contract

Sources: Stock Purchase Agreement (Americo Life Inc)

Resignations of Directors. The Seller shall will cause each member such members of the Board board of Directors directors of the Companies Company to tender, effective at the Closing, his or her resignation their resignations from such Board board of Directorsdirectors. If requested by Purchaser, Seller will cause the election of Purchaser's nominees to such boards of directors effective on the Closing Date.

Appears in 1 contract

Sources: Stock Purchase Agreement (Primark Corp)

Resignations of Directors. The Seller shall Sellers will cause each member such members of the Board board of Directors directors and such officers of the Companies Holdings as are designated by Buyer to tender, effective at the Closing, his or her resignation their resignations from such Board board of Directorsdirectors or from such offices. If requested by Buyer, the Sellers will cause the election of Buyer's nominees to such board of directors simultaneously with the Closing if such election is necessary to carry out the transactions contemplated hereunder.

Appears in 1 contract

Sources: Recapitalization Agreement (Desa Holdings Corp)

Resignations of Directors. The Seller shall will cause each member members of the Board board of Directors directors of the Companies Company who are employed by Seller and such officers of the Company who are employed by Seller including any person identified in Schedule 5.21 to tender, effective at the Closing, his or her resignation their resignations from such Board board of Directorsdirectors or from such offices.

Appears in 1 contract

Sources: Stock Purchase Agreement (Analysis & Technology Inc)

Resignations of Directors. The Seller shall will cause each member such members of the Board boards of Directors directors and such officers of the Companies Company as are designated by Purchaser to tender, effective at the Closing, his or her resignation their resignations from such Board boards of Directorsdirectors or from such offices. If requested by Purchaser, Seller will cause the election of Purchaser's nominees to such boards of directors.

Appears in 1 contract

Sources: Stock Purchase Agreement (Hedstrom Holdings Inc)

Resignations of Directors. The Seller shall Sellers will cause each member (a) such members of the Board of Directors of the Companies and, (b) such members of the Boards of Directors, as are designated by Purchaser to tender, effective at the ClosingClosing Date, his or her resignation their resignations from such Board Boards of DirectorsDirectors or offices and, if requested by Purchaser, will cause the election of Purchaser's nominees to such Boards of Directors and offices.

Appears in 1 contract

Sources: Purchase Agreement (Leucadia National Corp)