MCC Board definition

MCC Board has the meaning set forth in the Recitals to this Agreement.

MCC Board is the Board of Directors and Board means the Board of Directors of the Club as elected or appointed from time to time; Board may delegate any of its powers to a committee or sub-committee. the “premises” – The MCC clubrooms located at 000 Xxxxxxx Xxxxxx, Xxxxx Xxxxxxxxx, 0000. the “user applicant” – A financial Ordinary or Concession member or Life member of the MCC, or such other person or organisation approved by the MCC, that has made application to become an Approved User by signing this agreement. the “Approved User” – A user applicant that has signed this agreement, satisfied the Darkroom Manager and/or Studio Manager of any competency requirements, and the authorised MCC representative has signed this agreement. the “Facilities” – The Darkroom (and associated equipment), and/or the Studio (and associated equipment), and/or such other areas as may be specified from time to time by the MCC.

MCC Board. The Board of Directors and Board means the Board of Directors of the Club as elected or appointed from time to time; Board may delegate any of its powers to a committee or sub-committee. the “premises” The MCC clubrooms located at 000 Xxxxxxx Xxxxxx, Xxxxx Xxxxxxxxx, 0000. the “user applicant” A financial Ordinary or Concession member or Life member of the MCC, or such other person or organisation approved by the MCC, that has made application to become an Approved User by signing this agreement. the “Approved User” A user applicant that has signed this agreement, satisfied the Darkroom Manager and/or Studio Manager of any competency requirements, and the authorised MCC representative has signed this agreement. the “Facilities” The Darkroom (and associated equipment), and/or the Studio (and associated equipment), and/or such other areas as may be specified from time to time by the MCC. “personal use” Exclusive use of the Facilities by an Approved User for a purpose other than a published MCC meeting. “hiring fee” A charge determined by the MCC for personal use of the Facilities. A schedule of hiring fees shall be published by the MCC. Upon application, a hiring fee may be varied or waived at the sole discretion of the MCC.

Examples of MCC Board in a sentence

• The MCC Board currently consists of seven members, four of whom are Independent Directors.

• The MCC Board of Directors originally selected Zambia as eligible for MCC assistance in December 2008, and has re-selected Zambia as eligible for MCC assistance in each subsequent year.

• Finally, the MCC negotiates a final compact agreement prior to its approval by the MCC Board.

• Accordingly, the MCC Board effectively has the power to exercise authority and provides oversight with respect to Medley SBIC and will in fact exercise such authority and provide such oversight.

• Subject to the overall supervision of the MCC Board, MCC Advisors will serve as the investment adviser to Medley SBIC pursuant to a management services agreement dated as of March 23, 2012 (as amended and re-approved from time to time by the MCC Board, the “Management Services Agreement”).

• The MCC Board delegates daily management and investment authority to MCC Advisors pursuant to an investment management agreement (the “Investment Management Agreement”).

• At least, some argued, the USAID Administrator should be a member of the MCC Board, which had not been proposed in the initial Administration request.

• MCC Board has unanimously approved this Agreement and the transactions contemplated hereby as required to render inapplicable to this Agreement and such transactions the restrictions on “business combinations” set forth in the DGCL or any other “moratorium,” “control share,” “fair price,” “takeover” or “interested stockholder” law (any such laws, “Takeover Statutes”).

• This Agreement may be amended by the parties, by action taken or authorized by MCC Board and SIC Board, at any time before or after receipt of MCC Stockholder Approval or SIC Stockholder Approval; provided, however, that after receipt of MCC Stockholder Approval or SIC Stockholder Approval, there may not be, without further approval of such stockholders, any amendment of this Agreement that requires further approval of the stockholders of MDLY or SIC under Applicable Law.

• For funding purposes, a country’s income level is important because, under the MCC legislative authority, no more than 25% of compact assistance in a fiscal year is available for lower-middle- income country compacts, severely limiting the possibility that such countries can be funded and therefore discouraging the MCC Board from selecting them.