Board Representative definition

Board Representative has the meaning set forth in Section 4.18.

Board Representative means the Executive Administrator, the Chief Financial Officer of the Board, the Development Fund Manager, the General Counsel and any other member, officer or employee of the Board authorized by resolution of the Board to perform the act or sign the document in question.

Board Representative shall have the meaning set forth in Section 2.3(b).

Examples of Board Representative in a sentence

• The Company shall ensure that the Board and the Bank Boards shall each have at least four (4) members for so long as Castle Creek shall have the right to appoint a Board Representative.

• The Company, the Bank and any Future Banks shall provide the Board Representative with copies of all notices, minutes, consents and other material that it provides to all members of the Board and the Bank Boards, respectively, at the same time such materials are provided to the other respective members.

• So long as Castle Creek, together with its Affiliates, has a Minimum Ownership Interest, the Company will recommend to its shareholders the election of the Board Representative to the Board at all of the Company’s meetings of shareholders at which Board members are to be elected (unless the Board Representative is not up for reelection at any such meeting), subject to satisfaction of all legal requirements regarding service and election or appointment as a director of the Company.

• The Company shall use its reasonable best efforts to have the Board Representative elected as a director of the Company by the shareholders of the Company, and the Company shall solicit proxies for the Board Representative to the same extent as it does for any of its other Company nominees to the Board.

• If Castle Creek no longer has a Minimum Ownership Interest, Castle Creek will have no further rights under Section 4.16(a) through (b) and, at the written request of the Board, shall use commercially reasonable efforts to cause the Board Representative to resign from the Board and the Bank Boards as promptly as possible thereafter.

More Definitions of Board Representative

Board Representative means any one of the persons designated and authorized in writing from time to time by the Board to represent the Board in exercising the Board’s rights and performing the Board’s obligations under this Second Supplemental Ground Lease; the Board Representative shall be the President of the Board of Supervisors for the University of Louisiana System, or his or her designee, the Vice President of Business and Finance, or his or her designee, the President of the University, the Vice President for Finance and Administration of the University or any other representative designated by resolution of the Board, of whom the Corporation has been notified in writing.

Board Representative means the Chairman or the Vice-Chairman of the Transportation Board and any other member, officer or employee of the Transportation Board authorized by resolution of the Transportation Board to perform the act or sign the document in question.

Board Representative means the Comptroller of the Board, or each other person or alternate designated to act for the Board by written certificate furnished to the Bond Registrar, containing the specimen signature of such person and signed on behalf of the Board by the Comptroller of the Board.

Board Representative means such person designated by the Investor to be elected or appointed to the Board of Directors in accordance with all legal and governance requirements regarding service and election or appointment as a director of the Company or (ii) any individual designated as a replacement Board Representative pursuant to Section 4.4(c) hereof. For purposes of this Agreement, “Observer” means [·].]

Board Representative has the meaning given to it in the Investment Agreement.

Board Representative means, for so long as he is employed by or in a similar relationship with the Investor, subject to applicable law, Xxxxx X. Xxxxxxx, or, in the event Xxxxx X. Xxxxxxx is no longer employed by or in a similar relationship with the Investor, or restricted by law or regulatory directive to serve as a member of the Board of Directors, the person designated by the Investor to be elected or appointed to the Board (which, at the option of the Investor, may be Xxxxx X. Xxxxxxx), which person shall be reasonably acceptable to the Company and shall be subject to satisfaction of all legal and governance requirements regarding service as a director of the Company and to the good faith approval of the Governance Committee (such approval not to be unreasonably withheld). The Investor understands that in the event that Xxxxx X. Xxxxxxx is no longer the person designated by the Investor to be elected or appointed to the Board, the Board may choose to appoint or elect Xxxxx X. Xxxxxxx to the Board, subject to satisfaction of all legal and governance requirements regarding service as a director of the Company.

Board Representative means Xxxx Xxxxxxxx or such successor as the Investor shall designate as provided herein. Until his appointment as a member of the Boards is effective, the Board Representative shall be entitled to attend Board meetings of the Company and the Bank as a non-voting observer. The appointment of the Board Representative as a director of the Company and the Bank shall be subject to Federal Reserve approval.