Additional Directors definition
Examples of Additional Directors in a sentence
A Change in Control shall not be considered to have taken place for purposes of this paragraph 4 in the event that both (1) the Change in Control shall have been specifically approved by all of the Current and Additional Directors (as defined above) and (2) the provisions of this Agreement remain in full force and effect as to Executive.
At such times as such Event of Default shall have been cured or waived, the rights of THLi under this Section 4.7 shall terminate (and THLi shall cause such Additional Directors to resign from the Board of Directors), subject to revesting in the event of each and every subsequent Event of Default.
Additional Directors may be appointed to the Exit Event Committee by majority vote of the Board; provided further that, notwithstanding the foregoing proviso, each of Solus, SDIC and the relevant Initial Secured Creditor (if applicable) may assign their right to designate a Solus Director, an SDIC Director or a Secured Creditors Director, as applicable, to serve on the Exit Event Committee pursuant to this Section 2.1(d)(iii) to any other Director currently serving on the Board.
Additional Directors may be appointed to the Audit Committee by majority vote of the Board; provided further that, notwithstanding the foregoing proviso, each of Solus, SDIC and the relevant Initial Secured Creditor (if applicable) may assign their right to designate a Solus Director, an SDIC Director or a Secured Creditors Director, as applicable, to serve on the Audit Committee pursuant to this Section 2.1(d)(iv) to any other Director currently serving on the Board.
Additional Directors may be appointed to the Nominating Committee by majority vote of the Board; provided further that, notwithstanding the foregoing proviso, each of Solus, SDIC and the relevant Initial Secured Creditor (if applicable) may assign their right to designate a Solus Director, an SDIC Director or a Secured Creditors Director, as applicable, to serve on the Nominating Committee pursuant to this Section 2.1(d)(i) to any other Director currently serving on the Board.