Independent Officer definition

Independent Officer means an officer of the Relevant Fund other than the Administrative Officer who is not a party to the transaction or a relative of a party to the transaction. Notwithstanding the foregoing, in the case of the pre-clearance of a Covered Transaction within the meaning of Section (b)(viii)(2) below, “Independent Officer” means an officer of the Adviser other than the Administrative Officer who is not a party to the transaction or a relative of a party to the transaction.
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Independent Officer means an officer engaged at pleasure by a council under a procedural bylaw;
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Independent Officer. , in relation to a licensee, means an independent officer appointed by that licensee under regulation 54.
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Examples of Independent Officer in a sentence

  • He has been designated as Independent Officer based on the judgment that he can ensure sufficient independence to perform his duties as Outside Director from theCompany's management.

  • In addition, since the Group judges that there is no risk of a conflict of interest arising with ordinary shareholders according to the Criteria for Independence of Outside Officers set forth by the Group and in light of criteria for judgment of independence stipulated by the Tokyo Stock Exchange, the Group designatedher as Independent Officer.

  • Candidate for Outside Director Candidate for Independent Officer ・Career summary, positions, assignments, and important posts concurrently heldJune 2016 Outside Director, Hitachi Transport System, Ltd.

  • If he is re-elected, the Company will continue to designate him as an Independent Officer.

  • As an Outside Director and Independent Officer of the Company, he has spoken up actively at Board of Directors’ meetings.


More Definitions of Independent Officer

Independent Officer means the Board member appointed pursuant to Article 43 f) or otherwise in accordance with these Articles and having the qualities set out in Article 64.
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Independent Officer means the Board member appointed pursuant to Article 45 f) or otherwise in accordance with these Articles and having the qualities set out in Article 66.
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Independent Officer has the meaning provided in Section 2(b)(i).
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Independent Officer has the meaning specified in Section 3(f).
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Independent Officer means a duly elected Officer (as defined herein) of the Company who shall not have been, at the time of such appointment or at any time in the preceding five years, (a) a direct or indirect legal or beneficial owner of the Company or any of its Affiliates, (b) a creditor, supplier, employee, officer, director, family member, manager or contractor of the Company or any of its Affiliates (other than his or her service as an Independent Manager or Independent Officer of the Company), or (c) a Person who controls is controlled by or under common control with (whether directly, indirectly or otherwise) the Company or its Affiliates or any creditor, supplier, employee, officer, director, manager or contractor of the Company or its Affiliates.
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Independent Officer means an executive officer of Seller who is not at such time, and has not been at any time during the preceding five (5) years, (a) a director, officer, employee or affiliate of Seller, Originator, or any of their respective Subsidiaries or Affiliates, except as (i) an Independent Director of the Seller or (ii) an independent director or independent officer of any "special purpose entity" formed by the Originator and its Affiliates, or (b) the beneficial owner (at the time of such individual's appointment as an Independent Officer or at any time thereafter while serving as an Independent
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Independent Officer means an executive officer of the RPA Seller who is not at such time, and has not been at any time during the preceding five (5) years, (A) a director, officer, employee or affiliate of the RPA Seller, any Originator, or any of their respective Subsidiaries or Affiliates, except as (i) an Independent Director of the RPA Seller or (ii) an independent director or independent officer of any "special purpose entity" formed by any Originator and its Affiliates, or (B) the beneficial owner (at the time of such individual's appointment as an Independent Officer or Exh. I-18 at any time thereafter while serving as an Independent Officer) of any of the outstanding common shares of the RPA Seller, any Originator, or any of their respective Subsidiaries or Affiliates, having general voting rights, nor is a sibling, parent, child or spouse of the foregoing.
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