Board of Directors of Gxxxxxxx BDC Sample Clauses

Board of Directors of Gxxxxxxx BDC. Gxxxxxxx BDC's Board of Directors (the "Board") consists of seven members, four of which are independent and disinterested members. The Board (i) approved by resolutions dated May 9, 2012 the credit facility contemplated by this Agreement, including the Eligibility Criteria and Concentration Limitations as described in the related term sheet, (ii) in connection with the preparation of Gxxxxxxx BDC's first fiscal quarter 2012 financial statements, reviewed the loans held by Gxxxxxxx Funding 2010-1 and approved the acquisition thereof by the Borrower, (iii) must receive not less than five Business Days' prior notice of any proposed material amendment or waiver to the Eligibility Criteria and Concentration Limitations and an opportunity to veto such proposed amendment or waiver (provided that such right to veto may be deemed to be waived if no response to such proposed amendment or waiver has been given within five Business Days) and (iv) has the ability to propose to the Collateral Manager sales or purchases of Collateral Loans in accordance with this Agreement (although, for the avoidance of doubt, the Collateral Manager shall retain the right to accept or reject such proposals).
Sample 1
AutoNDA by SimpleDocs
Board of Directors of Gxxxxxxx BDC. The Board shall be maintained at all times until the termination or expiration of this Agreement. Any action of the Board shall be taken upon the affirmative vote of not less than a majority of its members, and independent and disinterested members shall constitute a majority of the Board at all times.
Sample 1

Related to Board of Directors of Gxxxxxxx BDC

  • Board of Directors of the Company (a) As of the Effective Date, the number of directors constituting the entire Board of Directors of the Company is seven, but the Board of Directors may increase its size to eight (8). Apollo (or any representative thereof designated by Apollo) shall be entitled, but not required, to nominate up to three (3) members to the Board of Directors (collectively, the "APOLLO NOMINEES") and the Company shall be entitled, but not required, to nominate the remaining members to the Board of Directors. One Apollo Nominee shall be classified as a Class I Director of the Company, one Apollo Nominee shall be classified as a Class II Director of the Company, and one Apollo Nominee shall be classified as a Class III Director of the Company.

  • Board of Directors; Officers The Board of Directors and officers of Sub immediately prior to the Effective Time shall be the Board of Directors and officers, respectively, of the Surviving Corporation, until the earlier of their respective resignations or the time that their respective successors are duly elected or appointed and qualified.

  • Board of Directors The Board of Directors of the Company is comprised of the persons set forth under the heading of the Pricing Prospectus and the Prospectus captioned “Management.” The qualifications of the persons serving as board members and the overall composition of the board comply with the Exchange Act, the Exchange Act Regulations, the Xxxxxxxx-Xxxxx Act of 2002 and the rules promulgated thereunder (the “Xxxxxxxx-Xxxxx Act”) applicable to the Company and the listing rules of the Exchange. At least one member of the Audit Committee of the Board of Directors of the Company qualifies as an “audit committee financial expert,” as such term is defined under Regulation S-K and the listing rules of the Exchange. In addition, at least a majority of the persons serving on the Board of Directors qualify as “independent,” as defined under the listing rules of the Exchange.

  • The Board of Directors Trustees of the Fund shall promptly notify the Company in writing of its determination of the existence of an irreconcilable material conflict and its implications.

  • Parent Board of Directors The Board of Directors of Parent will take all actions necessary such that two members of Company's Board of Directors reasonably acceptable to Parent, at least one of whom is an independent director of the Company's Board of Directors, shall be appointed to Parent's Board of Directors as of the Effective Time with a term expiring at the next annual meeting of Parent's stockholders.

  • Board of Directors or Board The persons holding such office, as of any particular time, under the Articles of Incorporation of the Company, whether they be the Directors named therein or additional or successor Directors.

  • Board “Board” means the Board of Directors of the Company.

  • Board of Director Approval This Agreement shall have been approved by the Board of Directors of Acquirer.

  • Chairman of the Board of Directors The Chairman of the Board of Directors, if there be one, shall preside at all meetings of the Limited Partners and of the Board of Directors. The Chairman of the Board of Directors shall be selected from time to time by the Board of Directors. The Chairman of the Board of Directors shall also perform such other duties and may exercise such other powers as may from time to time be assigned by this Agreement or by the Board of Directors.

  • Board of Directors Meetings The Company shall use its best efforts to ensure that meetings of its Board of Directors are held at least four times each year and at least once each quarter.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!