Board Modification definition

Board Modification means the election to the Board and the Compensation Committee of the Company Board by the Company shareholders of the individuals designated by Parent pursuant to ‎Section 1.4, in each case subject to the occurrence of, and effective as of, the Acceptance Time;
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Examples of Board Modification in a sentence

  • Amendment by Board Modification de l’entente(3) The Board may, by order, amend the essential ser- vices agreement if it considers that the amendment is necessary for the employer to provide essential services.(3) La Commission peut, par ordonnance, modifier l’en- tente si elle l’estime nécessaire pour permettre à l’em- ployeur de fournir les services essentiels.

  • On a proposal from Mr Watkin, seconded by Mrs Findlay, with 17 for, 0 against, 2 abstentions, Council approved the appointment of Mr Edwards and Mr Callan to the Journal Advisory Panel with Mr McGrady resigning.

  • See the "USB Host Mode Board Modification" section of the TI-RTOS Getting Started Guide (SPRUHD3) for details.

  • The Totalisator Agency Board (Modification of Operations) Act 2002 was assented to on 8th July, 2002 (its commencement date).

  • Any of the provisions of this Article V may be amended, repealed or otherwise modified, from and after (or concurrently or substantially concurrently with) the occurrence of a Board Modification Event, by resolution of the Board of Directors and approval of such amendment, repeal or modification by the holders of not less than a majority of the issued and outstanding shares of Common Stock entitled to vote thereon.

  • Appendix G Institutional Review Board Initial Approval Appendix H Institutional Review Board Modification Approval Appendix I Participation Invitation EmailDear Parent or Legal Guardian: My name is Shardé Pettis, and I am a doctoral candidate in the School of Psychology at Xavier University.

  • The purpose of this Act is to extendthe life of the Totalisator Agency Board (Modification of Operations) Act 2001.

  • Amendment by Board Modification de l’entente(3) The Board may, by order, amend the essential ser- vices agreement if it considers that the amendment is necessary for the employer to provide essential services.(3) La Commission peut, par ordonnance, modifier l’entente si elle l’estime nécessaire pour permettre à l’employeur de fournir les services essentiels.

  • Update and notification of amendment changes on the WFRC website including any tables, spreadsheets, and/ or maps.Level 2: Board Modification (Non-Exempt, Non-Regionally Significant Projects) Level 2 amendments are not exempt projects but also are not regionally significant projects.

  • FAA-G-2100, Section 3.3.1.3.6 Printed Wiring Board Modification; d.

Related to Board Modification

  • Required Modification shall have the meaning specified in Section 8.1 of the Facility Lease.

  • Major modification means any physical change in or change in the method of operation of a major stationary source that would result in a significant emissions increase of a regulated NSR pollutant and a significant net emissions increase of that pollutant from the major stationary source.

  • Minor modification means a modification that does not significantly alter the nongovernmental function or purpose of the software or is of the type customarily provided in the commercial marketplace.

  • Permitted Modification shall have the meaning ascribed thereto in Section 4.02.

  • Contract Modification means any changes in the terms or provisions of the Contract which are reduced to writing and fully executed by both parties.

  • Material Modification means any modification to an Interconnection Request that has a material adverse effect on the cost or timing of Interconnection Studies related to, or any Network Upgrades or Local Upgrades needed to accommodate, any Interconnection Request with a later Queue Position.

  • Basic Terms Modification means any proposal:

  • Permitted Modifications As defined in Section 2.02(a) of the Servicing Agreement.

  • Substantial modification means modification of a relevant source that results in a significant increase in emissions, excluding any change in emissions resulting from by-product recovery. It shall be a matter for the Party to decide whether a modification is substantial or not;

  • Material Modifications means any modifications to the material related party transactions which were approved by the Audit Committee or Shareholders during the year which will change the complete nature of the transaction and in case of monetary thresholds which is in excess of 10% of the originally approved transaction, in case of exigencies only.

  • Modification Guidelines has the meaning provided in Section 2.1(a) of this Single Family Shared-Loss Agreement.

  • Modification are defined in Section 2.19.1.

  • Significant Modification As defined in Section 3.25.

  • Cross-Series Modification means a modification involving (i) the Bonds or any agreement governing the issuance or administration of the Bonds, and (ii) the debt securities of one or more other series or any agreement governing the issuance or administration of such other debt securities.

  • Loan Modification Agreement means a Loan Modification Agreement, in form reasonably satisfactory to the Administrative Agent, among the Borrower, the Administrative Agent and one or more Accepting Lenders, effecting one or more Permitted Amendments and such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.24.

  • Servicing Modification Any reduction of the interest rate on or the outstanding principal balance of a Mortgage Loan, any extension of the final maturity date of a Mortgage Loan, and any increase to the outstanding principal balance of a Mortgage Loan by adding to the Stated Principal Balance unpaid principal and interest and other amounts owing under the Mortgage Loan, in each case pursuant to a modification of a Mortgage Loan that is in default, or for which, in the judgment of the Master Servicer, default is reasonably foreseeable in accordance with Section 3.07(a).

  • Excess Modification Fees With respect to any Serviced Mortgage Loan (or Serviced Loan Combination, if applicable), the sum of (A) the excess of (i) any and all Modification Fees with respect to any modification, waiver, extension or amendment of any of the terms of a Serviced Mortgage Loan (or Serviced Loan Combination, if applicable), over (ii) all unpaid or unreimbursed Advances and Additional Trust Fund Expenses (including, without limitation, interest on unreimbursed Advances to the extent not otherwise paid or reimbursed by the related Mortgagor (including indirect reimbursement from Penalty Charges or otherwise), but excluding (1) Special Servicing Fees, Workout Fees and Liquidation Fees and (2) Borrower Delayed Reimbursements) outstanding or previously incurred hereunder with respect to the related Serviced Mortgage Loan (or Serviced Loan Combination, if applicable) and reimbursed from such Modification Fees (which such Advances and Additional Trust Fund Expenses shall be reimbursed from such Modification Fees), and (B) Advances and Additional Trust Fund Expenses previously paid or reimbursed from Modification Fees as described in the preceding clause (A), which Advances and Additional Trust Fund Expenses have been recovered from the related Mortgagor as Penalty Charges, specific reimbursements or otherwise. All Excess Modification Fees earned by the Special Servicer shall offset any future Workout Fees or Liquidation Fees payable with respect to the related Serviced Mortgage Loan (or Serviced Loan Combination, if applicable) or REO Property; provided that if the Serviced Mortgage Loan (or Serviced Loan Combination, if applicable) ceases being a Corrected Loan, and is subject to a subsequent modification, any Excess Modification Fees earned by the Special Servicer prior to such Serviced Mortgage Loan (or Serviced Loan Combination, if applicable) ceasing to be a Corrected Loan shall no longer be offset against future Liquidation Fees and Workout Fees unless such Serviced Mortgage Loan (or Serviced Loan Combination, if applicable) ceased to be a Corrected Loan within 18 months of it becoming a modified Serviced Mortgage Loan (or modified Serviced Loan Combination, if applicable). If such Mortgage Loan (or Serviced Loan Combination) ceases to be a Corrected Loan, the Special Servicer shall be entitled to a Liquidation Fee or Workout Fee (to the extent not previously offset) with respect to the new modification, waiver, extension or amendment or future liquidation of the Specially Serviced Loan or related REO Property (including in connection with a repurchase, sale, refinance, discounted or full payoff or other liquidation); provided that any Excess Modification Fees earned and paid to the Special Servicer in connection with such subsequent modification, waiver, extension or amendment (or, as contemplated by the preceding proviso, a prior modification, waiver, extension or amendment) shall be applied to offset such Liquidation Fee or Workout Fee to the extent described above. Within any prior 12-month period, all Excess Modification Fees earned by the Master Servicer or the Special Servicer (after taking into account any offset described above applied during such 12-month period) with respect to any Serviced Mortgage Loan (or Serviced Loan Combination, if applicable) shall be subject to a cap equal to the greater of (i) 1% of the outstanding principal balance of such Serviced Mortgage Loan (or Serviced Loan Combination, if applicable) after giving effect to such transaction, and (ii) $25,000.

  • Amendment means a written agreement, signed by the Parties, which documents changes to the Contract other than those permitted by Work Orders.

  • Modification Agreement means any agreement between the Issuer (or the Servicer acting on its behalf) and a Supplier for the purchase and/or installation of a Required Modification or an Optional Modification.

  • Modification Fee means a fee, if any, collected from a Mortgagor by the Master Servicer in connection with a modification of any Mortgage Loan (other than a Non-Serviced Mortgage Loan), Serviced Companion Mortgage Loan or B Note other than a Specially Serviced Mortgage Loan or collected in connection with a modification by the Special Servicer of a Specially Serviced Mortgage Loan.