Independent Directors Committee definition

Independent Directors Committee has the meaning specified in Section 29(b).

Independent Directors Committee has the meaning ascribed to such term in the Charter.

Independent Directors Committee means such committee of the Company as may be established by the Board, in its discretion, and which shall be composed entirely of one or more persons who meet the independence standards required to serve on an audit committee of a board of directors established by the Exchange Act and the rules and regulations of the SEC thereunder or by any national securities exchange or automated trading system.

Examples of Independent Directors Committee in a sentence

• The Board of Directors may appoint from among its members an Independent Directors Committee, an Audit Committee, a Governance and Nominating Committee, a Policy Administration Committee, a Valuation Committee and one or more other committees, composed of one or more directors, to serve at the pleasure of the Board of Directors.

• The Independent Directors Committee shall have the maximum power delegable to a committee under the MGCL and is authorized to select and retain its own legal and financial advisors.

• If this condition is met but the matter cannot be delegated to a committee under the MGCL, both the Board of Directors and the Independent Directors Committee must approve the matter.

• The Advisor shall provide the Independent Directors Committee with any information reasonably requested so that the Independent Directors Committee can insure that the allocation of investment opportunities is applied fairly.

• During any time that the Company is advised by the Advisor, there shall be a committee (the "Independent Directors Committee") of the Board of Directors comprised of all of the Independent Directors.

More Definitions of Independent Directors Committee

Independent Directors Committee has the meaning set forth in the Articles of Incorporation.

Independent Directors Committee each have the meaning set forth in the Articles of Incorporation of the Corporation as in effect from time to time.

Independent Directors Committee shall be comprised of the members of the corporate governance and nominating committee of the Board of Directors of the Company who are neither an Acquiring Person or a Person on whose behalf a tender offer or exchange offer for Common Shares is being made nor a representative, nominee, Associate or Affiliate of an Acquiring Person or of a Person on whose behalf a tender offer or exchange for Common Shares is being made.

Independent Directors Committee means the independent directors’ committee of the Board.

Independent Directors Committee means the committee so designated in the Articles of Incorporation of the Managing Member, as amended from time to time.

Independent Directors Committee shall be comprised of the Directors of the Company who shall have been determined to be independent by reference to the following criteria. A Director shall be deemed to be an "Independent Director" for the purposes of this Agreement if he or she shall meet all of the following criteria: Such Person shall not be an employee (or spouse of an employee) of the Company, nor shall such Person be substantially dependent on the Company (or any Affiliate thereof) for his or her livelihood, nor shall such Person be an Acquiring Person or representative, nominee, Associate or Affiliate of an Acquiring Person.

Independent Directors Committee. Section 6.15(a)