Disqualified Designee definition

Disqualified Designee means any director designee to whom any Disqualification Event is applicable, except for a Disqualification Event as to which Rule 506(d)(2)(ii) or (iii) or (d)(3) is applicable.
Disqualified DesigneeEach Person with the right to designate or participate in the designation of a director as specified above hereby covenants and agrees (A) not to designate or participate in the designation of any director designee who, to such Person’s knowledge, is a Disqualified Designee and (B) that in the event such Person becomes aware that any individual previously designated by any such Person is or has become a Disqualified Designee, such Person shall as promptly as practicable take such actions as are necessary to remove such Disqualified Designee from the Board and designate a replacement designee who is not a Disqualified Designee.
Disqualified Designee has the meaning set forth in Section 2.3(c).

Examples of Disqualified Designee in a sentence

  • It would be simple to raise aviation fees by 5% to pay for the required investments, however this would negatively impact the bottom line for tourism which is vital for economic growth.

  • Upon any determination or designation of the REIT Observer as a Disqualified Designee, REIT shall have the Case 15-01145 Doc 7467-8 Filed 10/03/17 Entered 10/03/17 19:43:57 Desc Exhibit WW Page 4 of 11 -4- Error! Unknown document property name.

  • Such meetings are for the purpose of discussing matters of concern to the parties and are designed to encourage communication between the Employer and the Union.

  • The REIT Designee shall promptly notify the Parties if he or she is a Disqualified Designee and shall promptly resign as the REIT Designee.

  • The REIT Observer shall promptly notify the Parties if he or she is a Disqualified Designee and shall promptly resign as the REIT Observer.


More Definitions of Disqualified Designee

Disqualified Designee shall have the meaning set out in Section 1.6 of this Agreement.
Disqualified Designee means any director designee to whom any Disqualification Event is applicable, except for a Disqualification Event as to which Rule 506(d)(2)(ii) or
Disqualified Designee has the meaning set forth in Section 6.01(g)(i)(a).
Disqualified Designee shall have the meaning as set forth in Section 4.11(c).
Disqualified DesigneeEach person with the right to designate or participate in the designation of a Manager as specified above hereby covenants and agrees not to designate or participate in the designation of any Manager designee who, to such person’s knowledge, is a Disqualified Designee. In the event (i) such person or (ii) to the extent such person referred to in this Section 4.15 is an entity, any general partner or managing member of such entity, or any executive officer of such entity, becomes aware that any individual previously designated by any such person is or has become a Disqualified Designee, such person or the appropriate representative of such entity (as applicable) shall as promptly as practicable take such actions as are necessary to remove such Disqualified Designee from the Board and designate a replacement designee who is not a Disqualified Designee.
Disqualified Designee shall have the meaning set forth in Section 6.4(d). “Distribution Date” shall have the meaning set forth in Section 4.1(a). “Drag-Along Right” shall have the meaning set forth in Section 11.1. “Drag-Along Seller” shall have the meaning set forth in Section 11.2. “Dragging Members” shall have the meaning set forth in Section 11.1. “Effective Date” shall mean October 12, 2018.
Disqualified Designee has the meaning set forth in Section 2.5. (hh) “DGCL” means the Delaware General Corporation Law.