Independent Directors definition
Independent Directors means the members of the Board of Directors who are not officers or employees of the Manager.
Independent Directors means the members of the Board who are “independent” under the standards of the principal U.S. securities exchange on which the Class A Common Stock is traded or quoted.
Independent Directors mean those Directors who are not “interested persons” of the Partnership as that term is defined in the 1940 Act.
Examples of Independent Directors in a sentence
The Borrower shall have at least one Independent Director at all times (subject to the time period for replacement of Independent Directors that have died, been incapacitated, resigned or have been removed as set forth in the Borrower’s Constituent Documents).
Thereupon, the REIT (represented by the Independent Directors if any of the stock of the REIT is publicly traded) and the Manager shall endeavor to negotiate the revised compensation payable to the Manager under this Agreement.
More Definitions of Independent Directors
Independent Directors means the members of the Board of Directors who are not officers or employees of the Company, the Manager or ▇▇▇▇▇▇▇▇▇ and who are otherwise “independent” in accordance with the Company’s Operating Agreement and, at any time during which any securities of the Company are listed on the New York Stock Exchange or another securities exchange, the rules of the New York Stock Exchange or such other securities exchange, as applicable, as may be in effect from time to time.
Independent Directors means the members of the Fund's Board of Directors who are not "interested persons" (as defined in the ▇▇▇▇ ▇▇▇) of the Fund and who have no direct or indirect financial interest in the operation of this Plan or in any agreement relating to this Plan.
Independent Directors means those members of the Board who qualify at any given time as an “independent” director under the applicable rules of each Exchange on which the Shares are listed, and as a “non-employee” director under Rule 16b-3 of the 1934 Act.
Independent Directors means those members of the Board of Directors that qualify as independent directors within the meaning of Rule 10A-3 promulgated under the U.S. Securities Exchange Act of 1934, as amended, and the listing criteria of the New York Stock Exchange.
Independent Directors shall have the meaning set forth in Section 2.2.
Independent Directors means the members of the Board designated as independent directors in accordance with the Listing Standards.
Independent Directors has the meaning set forth in the Charter.