Electing Person definition

Electing Person means a Participant who is, on the applicable Election Date, a Director;

Electing Person means a Participant who is, on the applicable Election Date, a Director or an Employee;

Electing Person means a Participant who is, on the applicable Election Date, a Director who is not an Employee;

Examples of Electing Person in a sentence

• For greater certainty, to the extent an Electing Person terminates his or her participation in the grant of DSUs pursuant to this Article 7, he or she shall not be entitled to elect to receive the Elected Amount, or any other amount of his or her Cash Fees in DSUs again until the calendar year following the year in which the termination notice is delivered.

• If the Servicer (at the direction of the Majority Class X Certificateholder), or the Servicer, individually, elects to terminate the Trust Fund pursuant to clause (a) of Section 9.01, by the 25th day of the month preceding the month of the final distribution, the Electing Person shall notify the Servicer, the Depositor and the Trustee in writing of the date the Electing Person intends to terminate the Trust Fund and of the applicable Termination Price of the Mortgage Loans and REO Properties.

• In the event such Notice of Final Distribution is given and the Electing Person is the Servicer, the Servicer shall deposit the Termination Price in the Collection Account at or prior to 1:00 p.m. (Eastern time) on the Business Day immediately prior to the applicable Distribution Date.

• At the January 2022 Board meeting, the Board approved the new, revised Strategic Plan.

• At any time that a vacancy is created on the Board by the death, removal or resignation of any Director, the Electing Person shall nominate a Director to fill such vacancy in accordance with Section 3.1(d).

More Definitions of Electing Person

Electing Person means a person who is a Trustee on the applicable Election Date;

Electing Person has the meaning set forth in Section 3.1(e)(i).

Electing Person means a Participant who is, on the applicable Election Date, a Non-Employee Director;

Electing Person means a Participant who is, on the applicable date, a Trustee; “Election Notice” has the meaning set forth in Section 6.1(c);

Electing Person means a Trustee on the applicable Election Date;

Electing Person means a Participant who is, on the applicable Election Date, a Trustee;

Electing Person. Xx xxfined in Section 9.01.