Common use of Appointment of Independent Director Clause in Contracts

Appointment of Independent Director. Promptly and in no event less than (10) days prior to the effective date of the appointment of any Person as a new or replacement Independent Director of the Borrower, notice of such appointment and a certification of a Responsible Officer of the Borrower that such Person satisfies the criteria set forth in the definition herein of “Independent Director.”

Appointment of Independent Director. Promptly and in no event Not less than (10) 10 days prior to the effective date of the appointment of any Person as a new replacement or replacement additional Independent Director of the BorrowerDirector, notice of such appointment and the proposed appointee, together with a certification certificate of a Responsible Officer of the Borrower Transferor certifying that such Person candidate satisfies the criteria set forth in the definition herein of “Independent Director” in this Agreement.”