Independent Managers definition

Independent Managers. Those Managers who are not "interested persons" of the Fund as such term is defined by the 1940 Act.
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Independent Managers means those Managers who are not “interested persons” of the Fund as such term is defined in the Investment Company Act.
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Independent Managers. The Independent Managers appointed in the Limited Liability Company Agreement of the Issuer.
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Examples of Independent Managers in a sentence

  • To the fullest extent permitted by law, including Section 18-1101(c) of the LLC Act, and notwithstanding any duty otherwise existing at law or in equity, the Independent Manager(s) shall consider only the interests of the Company, including its creditors, in acting or otherwise voting on the matters referred to in Section 1.09.

  • The salaries of all Officers and agents of the Company shall be fixed by or in the manner prescribed by the Board of Managers (other than the Independent Managers).

  • The additional or successor Officers of the Company shall be chosen by the Board (other than the Independent Managers) and may consist of a President, a Secretary, a Treasurer a Chief Financial Officer and a Chief Executive Officer.

  • The Board of Managers (other than the Independent Managers) may appoint such other Officers and agents as it shall deem necessary or advisable, who shall hold their offices for such terms and shall exercise such powers and perform such duties as shall be determined from time to time by the Board of Managers (other than the Independent Managers).

  • The initial number of Managers shall be five (5), two (2) of which shall be Independent Managers pursuant to Section 10.


More Definitions of Independent Managers

Independent Managers means, with respect to any Securitization Entity, the independent directors or managers appointed to the board of directors or board of managers, as the case may be, pursuant to the terms of the Charter Documents of such Securitization Entity.
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Independent Managers means the Independent Managers appointed in the Limited Liability Company Agreement of the Borrower.
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Independent Managers means, with respect to each AT&T Newco, the Independent Managers as defined in the AT&T Newco LLC Agreement for such AT&T Newco.
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Independent Managers shall be as defined in Section 7.6 herein.
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Independent Managers means the independent managers appointed pursuant to the operating agreements of 245 Park Avenue, 245 Park Avenue Mezz A, 245 Park Avenue Mezz B, and 245 Park Avenue Mezz C, dismissed pursuant to the Omnibus Consent Action.
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Independent Managers shall have the meaning set forth in Section 3.2(a)(vi).
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Independent Managers shall have the meaning set forth in Section 8.2 hereof.
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