Majority Independent Board definition

Majority Independent Board means the Board, as composed of a majority of directors who would not be deemed to be interested directors for purposes of Section 607.0832 of the Act of the Company.
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Majority Independent Board means a board of five (5) directors consisting of:
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Majority Independent Board means a board of five (5) directors consisting of:• Two (2) Independent Directors nominated by the Majority Holders.• One (1) Independent Director jointly nominated by the Sponsor Group and the Majority Holders, who will agree on the joint nominee in sufficient time to seat such nominee on or before the date of the New Facility Agreement, having completed due diligence and preparatory undertakings commensurate of the other newly nominated directors.• Two (2) further directors among the three existing directors (remaining following pending resignations) to be discussed between the parties.In addition:• Each director shall have one (1) vote, and in the event that voting is tied, no director shall have a casting vote.• A majority of the five directors shall not reside in any single jurisdiction other than Guernsey.
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Examples of Majority Independent Board in a sentence

  • Board Independence and Independent Committees Independent Directors and Independent Committees — Rule 4350(c) Majority Independent Board.

  • If at any time the board of either Elli Investments Limited or Elli Acquisitions Limited ceases to be a Majority Independent Board, an Event of Default will occur.

  • IM-4350-4 Board Independence and Independent Committees Independent Directors and Independent Committees — Rule 4350(c) Majority Independent Board.

  • While our Bylaws do not require that our Board Chair and Chief Executive Officer positions be separate, our Board believes that having separate positions is the appropriate leadership structure for us at this time and demonstrates our commitment to good corporate governance.• Majority Independent Board: A majority of the members of the Board are independent directors, as defined by Nasdaq Marketplace Rules.

  • The Company must ensure that, within 2 months from the Completion Date, the majority of its directors are Independent Directors ( Majority Independent Board) and must keep the Noteholders informed of its progress towards satisfying this obligation.

  • A supply disruption will cause the oil price to rise but the next step depends on the market’s perception of what will happen to supply going forward.

  • Subject to clause 11.10(d), prior to the appointment of the Independent Directors necessary to constitute the Majority Independent Board, the Company and Legend must not enter into, renew, amend, vary, alter, release or waive any provision of any Related Party Transaction without the consent of the Noteholders.

  • Majority Independent Board The listing rules of the Nasdaq Stock Market (“Nasdaq Rules”) require that a majority of our Board be “independent directors” as that term is defined in the Nasdaq Rules.

  • The DIRECTOR RELATED category consists of proposals related to the board and includes issues such as Majority Independent Board, Board size, and Director Compensation.


More Definitions of Majority Independent Board

Majority Independent Board means a “Board” as defined in the applicable Governance Deed and which in each case complies with clause 2.1 of the applicable Governance Deed.
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Majority Independent Board means the Board, as composed of a majority of directors who are Non-Great Hill Directors and who are "independent" of the Company as contemplated by applicable SEC and stock exchange rules and regulations.
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Related to Majority Independent Board

  • Independent Board Committee means the independent board committee of the Company

  • Independent Board Member means a trustee of the Fund who is neither an “interested person” of the Fund as defined in Section 2(a)(19) of the Investment Company Act of 1940, as amended, nor a party to the Proceeding with respect to which indemnification or advances are sought.

  • Independent Directors means the members of the Board of Directors who are not officers or employees of the Manager or any Person directly or indirectly controlling or controlled by the Manager, and who are otherwise “independent” in accordance with the NYSE’s corporate governance listing standards (or the rules of any other national securities exchange on which the Common Stock is listed).

  • Parent Board means the board of directors of Parent.

  • Company Board of Directors means the board of directors of the Company.

  • Special Committee means a committee of the Board of Managers of the Company comprised of two individuals, each of whom qualifies as an Independent Manager.

  • Majority Investors means, as of any date, the holders of a majority of the Investor Shares outstanding on such date.

  • Management Board means the management board of the Company.

  • Majority Vote means a vote made by more than half of the Members who are present at a Meeting and who are entitled to vote and voting at that Meeting upon a resolution put to that Meeting.

  • Supermajority Vote means the affirmative vote of at least seventy-five percent (75%) of the Members.

  • Independent Manager shall refer to a member of the Board that meets the standards of an “independent director” set forth in NASDAQ Marketplace Rule 4200(a)(15) (on any successor rule) with respect the Company, the Administrator and their respective affiliates. In the event a Special Committee is formed, the term “Independent Manager” shall, as the context requires, refer generically to each Independent Manager.

  • Company Board means the Board of Directors of the Company.

  • Required Majority means a required majority, as defined in Section 57(o) of the Act.7

  • Super Majority Vote means, the affirmative vote of the holders of Outstanding Interests of all Series representing at least two thirds of the total votes that may be cast by all such Outstanding Interests, voting together as a single class.

  • Independent Committee means a committee of the board of directors of the General Partner made up of directors that are “independent” of Brookfield and its Affiliates, as contemplated by applicable securities Laws;

  • MUSL Board means the governing body of the MUSL, which is comprised of the chief executive officer of each Party Lottery.

  • CPF Board means the Central Provident Fund Board, a body corporate established under the Central Provident Fund Act (Cap. 36);

  • Audit Committee means the audit committee of the board of directors of the Company established pursuant to the Articles, or any successor committee.

  • Majority Participating Holders means Participating Holders holding more than 50% of the Registrable Securities proposed to be included in any offering of Registrable Securities by such Participating Holders pursuant to Section 2.1 or Section 2.2.

  • Disinterested Directors means, with respect to any Affiliate Transaction, one or more members of the Board of Directors of the Company, or one or more members of the Board of Directors of a Parent, having no material direct or indirect financial interest in or with respect to such Affiliate Transaction. A member of any such Board of Directors shall not be deemed to have such a financial interest by reason of such member’s holding Capital Stock of the Company or any Parent or any options, warrants or other rights in respect of such Capital Stock.

  • Super-Majority Banks means at any time Banks having at least 85% of the aggregate amount of the Commitments or, if the Commitments shall have been terminated, holding Notes evidencing at least 85% of the aggregate unpaid principal amount of the Loans.

  • Requisite Majority means, as at any particular time, Passenger Operators whose Vehicle departures from the Station, expressed as a percentage of Total Departures, as at the relevant date, together are at least equal to the percentage specified in paragraph 4 of Annex 8 (or such other percentage as the ORR may specify by notice to the Station Facility Owner and to each Passenger Operator as the new percentage which is to apply for these purposes following the entry into, variation, amendment or termination of an access contract permitting a passenger service operator to use the Station, a Change in Control of any Passenger Operator or any event which results in a material change to the proportion of the Total Departures made by trains operated by or on behalf of any Passenger Operator);