Class D Termination Date definition

Class D Termination Date means the earlier to occur of (x) the Holders holding less than 50% of their initial investment, and (y) there being two or less Class B directors, on which date the Class D director will become a Class C director and such class of directors will cease to exist. o The number of Class B directors and the size of the Board will decrease upon any reduction in the number of Class B directors. o If the Company takes any of the actions specified under "Voting Rights" without the approval of the Holders, the number of each of Class B-1 and Class B-2 directors will increase by one, with the size of the Board increasing by such number (i.e., no decrease in the number of directors of any other class).
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Class D Termination Date means the later of (a) the second anniversary of the date hereof and (b) the earlier to occur of (i) the holders of Series A-2 Preferred Stock, Series B Preferred Stock, Class B-1 Common Stock and Class B-2 Common Stock having the right to designate, in the aggregate, two or less Class B Directors pursuant to the applicable Organizational Documents and (ii) the Current Investor Amount representing less than 50% of the Initial Investor Amount.
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Class D Termination Date has the meaning given to it in the Stockholders' Agreement.
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Examples of Class D Termination Date in a sentence

  • Following the Class D Termination Date, the number of Class C Directors shall increase by one, such Class D Director shall become a Class C Director and the class of Class D Director shall cease to exist.

  • Following the Class D Termination Date, the class of Class C Directors shall increase by one, the Class D Director then in office shall become a Class C Director and the class of Class D Director shall cease to exist.

  • Prior to each annual meeting of stockholders the record date for which is prior to the Class D Termination Date, the Corporation's nominee for the Class D Director shall be an individual designated by vote of (i) a majority of the Class A Directors then in office, and (ii) approved by all of the Class B Directors then in office, such approval not to be unreasonably withheld.

  • Prior to each annual meeting of stockholders the record date for which is prior to the Class D Termination Date, the Corporation's nominee for the Class D Director shall be an individual designated by vote of (i) a majority of the Class A Directors then in office (the "Class D Nominating Committee"), and (ii) approved by all of the Class B Directors then in office, such approval not to be unreasonably withheld.

  • Upon the Class D Termination Date, the number of Class C Directors shall be increased by one, the Class D Director then in office shall become a Class C Director and the class of Class D Director shall cease to exist.


More Definitions of Class D Termination Date

Class D Termination Date means the later of (a) October 2, 2002 and (b) the earlier to occur of (i) the holders of Series A-2 Preferred Stock and Class B Common Stock having the right to elect or designate, in the aggregate, two or less Class B Directors pursuant to Article VIII and the Series A-2 Certificate of
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Class D Termination Date means the later of (a) October 2, 2002 and (b) the earlier to occur of (i) the holders of Series A-2 Preferred Stock and Class B Common Stock having the right to elect or designate, in the aggregate, two or less Class B Directors pursuant to Article VIII and the Series A-2 Certificate of Designations and (ii) the sum of the Current Class B-1 Amount and the Current Class B-2 Amount, representing, in the aggregate, less than 50% of the Initial Class B Amount.
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Related to Class D Termination Date

  • Series Termination Date means, with respect to any Series of Certificates, the date stated in the related Supplement.

  • Final Termination Date means the last date of the final year in which the Applicant is required to Maintain Viable Presence and as further identified in Section 2.3.E of this Agreement.

  • Accrual Termination Date Not applicable.

  • Accretion Termination Date As defined in the Series Supplement.

  • Extended Termination Date has the meaning specified in Section 2.16(c).

  • Initial Termination Date has the meaning set forth in Section 9.1(b)(i).

  • Escrow Termination Date has the meaning ascribed to such term in Section 9.12.

  • Scheduled Termination Date means July 9, 2021 or any succeeding date to which the term of this Agreement is extended pursuant to Section 2.02.

  • Purchase Termination Date means the date upon which the Transferor shall cease, for any reason whatsoever, to make purchases of Receivables from the Seller under the Receivables Purchase Agreement or the Receivables Purchase Agreement shall terminate for any reason whatsoever.

  • Outside Termination Date shall have the meaning set forth in Section 8.01(f).

  • Service Termination Date means the last Day in a month upon which Service shall terminate, as set forth in a Schedule of Service and subject to any renewal thereof.

  • Optional Termination Date Any Distribution Date on or after which the Stated Principal Balance (after giving effect to distributions to be made on such Distribution Date) of the Mortgage Loans is less than 10.00% of the Cut-off Date Balance.

  • Standstill Termination Date means the earlier of (i) the first anniversary of the Board Rights Termination Date and (ii) the later of (A) the third anniversary of this Agreement or (B) the first anniversary of the date on which both the Purchaser Designated Director has resigned from the Board and the Purchaser has permanently waived and renounced the Purchaser’s Board observation rights and Board designation rights in Section 1 and Section 2 of this Agreement.

  • Senior Termination Date For each Senior Certificate Group, the Distribution Date on which the aggregate Class Certificate Balance of the related Classes of Senior Certificates has been reduced to zero.

  • Loan Termination Date means the earliest to occur of the following: (a) November , 2009, (b) the date the Obligations are accelerated pursuant to this Agreement or the Revolving Note and (c) the date the Bank has received (i) notice in writing from the Borrower of the Borrower’s election to terminate this Agreement or the Revolving Note or (ii) indefeasible payment in full of the Obligations.

  • Initial Optional Termination Date The first Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans is equal to or less than 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

  • Facility Termination Date means the date as of which all of the following shall have occurred: (a) the Aggregate Commitments have terminated, (b) all Obligations have been paid in full (other than contingent indemnification obligations), and (c) all Letters of Credit have terminated or expired (other than Letters of Credit as to which other arrangements with respect thereto satisfactory to the Administrative Agent and the L/C Issuer shall have been made).

  • Offering Termination Date means the last day of each March, June, September and December following an Offering Commencement Date, or such other Offering Termination Date established in connection with a Terminating Event.

  • Stated Termination Date means, with respect to the Revolving Credit Facility, March 4, 2027 and, with respect to any Extended Revolving Credit Facility, the maturity date set forth in the Extension Agreement related thereto.

  • Liquidity Termination Date means the earlier to occur of the following:

  • Funding Termination Date means the Business Day immediately preceding the ------------------------ Remittance Date occurring in the calendar month that is the third calendar month following the calendar month of the Closing Date, or November 30, 2001.

  • Agreement Termination Date is defined in Section 7.4.

  • Mandatory Termination Date means the "Termination Date" set forth under "Investment Summary--Essential Information" in the Prospectus for the Trust.

  • Revolving Termination Date means the earlier to occur of:

  • Lease Termination Date means the last day of the Lease Term.

  • Effective Termination Date has the meaning set forth in Section 10(b) hereof.