Duly Approved by the Continuing Directors definition

Duly Approved by the Continuing Directors means an action approved by the vote of at least two-thirds of the Continuing Directors then on the Board.
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Duly Approved by the Continuing Directors means an action approved by the vote of at least a majority of the Continuing Directors then on the Board, except, if the votes of such Continuing Directors in favor of such action would be insufficient to constitute an act of the Board if a vote by all of its members were to have been taken, then such term shall mean an action approved by the unanimous vote of the Continuing Directors then on the Board so long as there are at least three Continuing Directors on the Board at the time of such unanimous vote.
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Duly Approved by the Continuing Directors means an action approved by the vote of at least a majority of the Continuing Directors then on the Board of Directors of either the Company or the Subsidiary, as the case may be; provided, however, if the votes of such Continuing Directors in favor of such action would be insufficient to constitute an act of the entire Board of Directors of that company as if a vote by all of its members had been taken, or if the number of persons constituting the Continuing Directors of that company shall be equal to or less than three, then the term Duly Approved by the Continuing Directors shall mean an action approved by the unanimous vote of the Continuing Directors then on the Board of Directors of that company.
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Examples of Duly Approved by the Continuing Directors in a sentence

  • Duly Approved by the Continuing Directors: An action approved by the vote of at least two-thirds of the Continuing Directors then on the Board.


More Definitions of Duly Approved by the Continuing Directors

Duly Approved by the Continuing Directors means an action approved by the vote of at least a majority of the Continuing Directors then on the Board of Directors of the Company; provided, however, if the votes of such Continuing Directors in favor of such action would be insufficient to constitute an act of the entire Board of Directors of the Company as if a vote by all of its members had been taken, or if the number of persons constituting the Continuing Directors of the Company is three or less, then the term "Duly Approved by the Continuing Directors" shall mean an action approved by the unanimous vote of the Continuing Directors then on the Board of Directors of the Company.
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Duly Approved by the Continuing Directors means an action approved by the vote of at least a majority of the Continuing Directors then on the Board of Directors of either SED or the Subsidiary, as the case may be; provided, however, if the votes of such Continuing Directors in favor of such action would be insufficient to constitute an act of the entire Board of Directors of either SED or the Subsidiary, as the case may be, if a vote by all of its members had been taken, or if the number of persons constituting the Continuing Directors of either SED or the Subsidiary, as the case may be, shall be equal to or less than three, then the term Duly Approved by the Continuing Directors shall mean an action approved by the unanimous vote of the Continuing Directors then on the Board of Directors of either SED or the Subsidiary, as the case may be.
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Duly Approved by the Continuing Directors means an action approved by the vote of at least a majority of Continuing Directors then on the entire board of directors of the Company, except, if the votes of such Continuing Directors in favor of such action would be insufficient to constitute an act of the entire board of directors of the Company (if a vote by the entire board of directors were to have been taken), then such action must be approved by the unanimous vote of the Continuing Directors so long as there are at least two Continuing Directors on the board of directors at the time of such unanimous vote.
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Duly Approved by the Continuing Directors means an action approved by the vote of at least a majority of the Continuing Directors then on either the Board or the Subsidiary Board, as applicable; provided, however, that if the votes of such Continuing Directors in favor of such action would be insufficient to constitute an act of the entire Board of Directors of either the Company or Subsidiary, as applicable, if a vote by all its members had been taken, or if the number of persons constituting the Continuing Directors of either the Company or the Subsidiary, as applicable, shall be equal to or less than three, then the term “Duly Approved by the Continuing Directors” shall mean an action approved by the unanimous vote of the Continuing Directors then on the Board or the Subsidiary Board, as applicable.
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Duly Approved by the Continuing Directors means an action approved by the vote of at least two-thirds of the Continuing Directors then on the Board of Directors.
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Related to Duly Approved by the Continuing Directors

  • Continuing Directors means, as of any date of determination, any member of the Board of Directors who (i) was a member of such Board of Directors on the date of the Agreement or (ii) was nominated for election or elected to such Board of Directors with the approval of a majority of the Continuing Directors who were members of such Board of Directors at the time of such nomination or election.

  • Continuing Director means at any date a member of the Board (i) who was a member of the Board on the date of the execution of this Agreement or (ii) who was nominated or elected subsequent to such date by at least a majority of the directors who were Continuing Directors at the time of such nomination or election or whose election to the Board was recommended or endorsed by at least a majority of the directors who were Continuing Directors at the time of such nomination or election; provided, however, that there shall be excluded from this clause (ii) any individual whose initial assumption of office occurred as a result of an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents, by or on behalf of a person other than the Board; or

  • Disinterested Directors means, with respect to any Affiliate Transaction, one or more members of the Board of Directors of the Company, or one or more members of the Board of Directors of a Parent, having no material direct or indirect financial interest in or with respect to such Affiliate Transaction. A member of any such Board of Directors shall not be deemed to have such a financial interest by reason of such member’s holding Capital Stock of the Company or any Parent or any options, warrants or other rights in respect of such Capital Stock.

  • Unaffiliated Director means, for purposes of this Code, a director or honorary director of the Fund who is not a director, officer or employee of the Adviser or an affiliate thereof.

  • Directors means the directors for the time being of the Company.

  • Disinterested Person means a director who has not, during the period that person is a member of the Committee and for one year prior to commencing service as a member of the Committee, been granted or awarded equity securities pursuant to this Plan or any other plan of the Company or any Parent, Subsidiary or Affiliate of the Company, except in accordance with the requirements set forth in Rule 16b-3(c)(2)(i) (and any successor regulation thereto) as promulgated by the SEC under Section 16(b) of the Exchange Act, as such rule is amended from time to time and as interpreted by the SEC.

  • Disinterested means disinterested within the meaning of any applicable regulatory requirements, including Rule 16b-3.

  • Disinterested Director means a director of the Company who is not and was not a party to the Proceeding in respect of which indemnification is sought by Indemnitee.

  • Continuing competence means a requirement, as a condition of license renewal, to provide evidence of participation in, and/or completion of, educational and professional activities relevant to practice or area of work.

  • Excluded Appointments means those Appointments designated from time to time as "Excluded Appointments" by agreement of the parties.

  • Continuing care retirement community means a residential

  • NSW contestable service means a connection service that is contestable under the jurisdictional electricity legislation of NSW, because that legislation permits the service to be provided by more than one supplier as a contestable service or on a competitive basis.

  • New Directors means any director whose election by the Board or whose nomination for election by the Company's stockholders was approved by a vote of at least two-thirds of the directors then still in office who were Present Directors or New Directors.

  • Disinterested Shareholder means a shareholder that is not an Insider to whom options may be granted under the Plan and they are not an Associate of any Insider.

  • Company Board of Directors means the board of directors of the Company.

  • Regularly appointed employee means an individual with an exempt, probationary or regular appointment to a position of City employment.

  • Incumbent Directors means directors who either (A) are directors of the Company as of the date hereof, or (B) are elected, or nominated for election, to the Board with the affirmative votes of at least a majority of the Incumbent Directors at the time of such election or nomination (but shall not include an individual whose election or nomination is in connection with an actual or threatened proxy contest relating to the election of directors to the Company); or

  • Boards means the Virginia Board of Medicine and the Virginia Board of Nursing.

  • Managing Directors means Mrs Maria Chr. van der Sluijs-Plantz, Mrs Thérèse F.C. Wijnen and Mr Hubertus P.C. Mourits or such other person(s) who may be appointed as Managing Director(s) of the Issuer from time to time.

  • continuing candidate means any candidate not deemed to be elected, and not excluded,

  • Incumbent Board means the individuals who, as of the date of this Agreement, constitute the Board and any other individual who becomes a director of the Company after that date and whose election or appointment by the Board or nomination for election by the Company’s stockholders was approved by a vote of at least a majority of the directors then comprising the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Incumbent Board.

  • MUSL Board means the governing body of the MUSL, which is comprised of the chief executive officer of each Party Lottery.

  • Board means the Board of Directors of the Company.

  • Disinterested Shareholder Approval means approval by a majority of the votes cast by all the Company’s shareholders at a duly constituted shareholders’ meeting, excluding votes attached to Common Shares beneficially owned by Insiders who are Service Providers or their Associates;